Rental Market Trends in Wood Buffalo, AB

What is the average rent in Wood Buffalo, AB?

C$1,690/month

Average Rent

665 Sq Ft

Average Apartment Size

+2.1%

Increase in the Last Year

As of December 2024, the average rent in Wood Buffalo, AB was C$1,690/month. When you rent an apartment in Wood Buffalo, you can expect to pay as little as C$1,652 to as much as , depending on the location and size of the apartment.

Floor Plan Type

Average Rent

Average Sq Ft

Studio

C$1,652/month

468 Sq Ft

One Bedroom

C$1,690/month

665 Sq Ft

Two Bedroom

C$1,608/month

880 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 Wood Buffalo, AB?

In the past year, rent has increased by 2.1%, which averages out to C$35 more per month.

Percentage*

Rent Range

0% Below C$700/month

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

20% C$1,001 - C$1,500/month

80% C$1,501 - C$2,000/month

0% Above C$2,000/month

What salary do I need to live comfortably in Wood Buffalo, AB?

With the average rent in Wood Buffalo being C$1,690/month, you’ll want to make about C$5,633 per month or C$67,596 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 determine what an affordable rent amount is for you.

How does Wood Buffalo, AB compare to other nearby cities and neighborhoods?

Use the tool below to compare Wood Buffalo, 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 Wood Buffalo we think you'll love

The Valencia

82 Biggs Ave,
Fort McMurray, AB T9H 1M6

2 Beds | C$1,479

McMurray Manor

119 Charles Ave,
Fort McMurray, AB T9H 1R4

1 Bed | C$1,249

Chanteclair Apartments

270 Tundra Dr,
Fort McMurray, AB T9H 4X1

2 Beds | C$1,349

Hillside Manor

1 Haineault St,
Fort McMurray, AB T9H 1R6

1 Bed | C$1,209 - 1,219

Canada Alberta Wood Buffalo 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.