Rental Market Trends in Red Deer, AB

What is the average rent in Red Deer, AB?

C$1,460/month

Average Rent

590 Sq Ft

Average Apartment Size

+0.6%

Increase in the Last Year

As of July 2025, the average rent in Red Deer, AB was C$1,460/month. When you rent an apartment in Red Deer, you can expect to pay as little as C$1,084 to as much as C$1,808, depending on the location and size of the apartment.

Floor Plan Type

Average Rent

Average Sq Ft

Studio

C$1,084/month

417 Sq Ft

One Bedroom

C$1,460/month

590 Sq Ft

Two Bedroom

C$1,739/month

794 Sq Ft

Three Bedroom

C$1,808/month

1,239 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

How much has average rent changed in Red Deer, AB?

In the past year, rent has increased by 0.6%, which averages out to C$9 more per month.

Percentage*

Rent Range

0% Below C$700/month

0% C$700 - C$1,000/month

62% C$1,001 - C$1,500/month

31% C$1,501 - C$2,000/month

7% Above C$2,000/month

What salary do I need to live comfortably in Red Deer, AB?

Because the average rent in Red Deer is C$1,460, you’ll want to make about C$4,866 per month or C$58,392 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

How does Red Deer, AB compare to other nearby cities and neighborhoods?

Use the tool below to compare Red Deer, AB to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Apartment communities in Red Deer we think you'll love

Vanier Woods

39 Van Slyke Way,
Red Deer, AB T4R 0S3

1-2 Beds | C$1,489 - C$1,749

5820 58A St

5820 58A St,
Red Deer, AB T4N 2M7

1 Bed | C$1,219 - C$1,305

Halman Heights Townhomes

27 Halman Cres,
Red Deer, AB T4N 6J9

3 Beds | C$1,785

Southwood Park

3110 47 Ave,
Red Deer, AB T4N 3P2

2 Beds | C$2,276

Canada Alberta Red Deer Rental Trends

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

* Percentages may not total 100 due to rounding.