Updated 5+ Days Ago
Location
3940 Rae St, Regina, SK S4S 3A2, CAN|Albert Park
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Property Overview
3940 Rae St stands out for its strong value, with an expert rating of 8.5 out of 10 and a top-tier price score that reflects excellent balance between cost and features. It also earns high marks for amenities and location, while its value-for-money ranking places it in the 100th percentile compared with nearby properties.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Floor plans
| 1 Bedroom | 1 bed | 1 bath | $1,050 /mo | 1 unit available |
Let's explore this property.
Amenities for 3940 Rae St
Apartment Amenities
| Heat | Hot Water |
Grounds
| Assigned Parking |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Deposit
One-time.
$1,050
OPTIONAL FEES
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Parking Policy
Surface Lot
Surface Lot
Parking Fee
Monthly. 2 surface lots max. 1 total spaces.
Contact Property
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12 months |
|---|
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About 3940 Rae St
Please call or email for details
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, 3940 Rae St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 3940 Rae St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
3940 Rae St offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
3940 Rae St goes above and beyond to provide sought-after conveniences and desirable perks, including assigned parking. Renters looking for popular or luxurious features will find them here—and for that reason, 3940 Rae St receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
3940 Rae St is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 3940 Rae St does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
3940 Rae St provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 3940 Rae St compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
Considerations
- Fewer storage options
- Limited cabinet or closet space
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
- No central heat
- Fewer climate control options
- No laundry facilities available
- This property doesn't offer on-site or in-unit washers and dryers
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Rent trends in Albert Park
1-bedroom apartments at 3940 Rae St cost about 16% less than the average rent price for 1-bedroom apartments in Albert Park.
Median rents as of Aug 1 2026.
Albert Park
Regina
| Month | Median Rent |
|---|---|
| August 2024 | $1,003 |
| September 2024 | $979 |
| October 2024 | $935 |
| November 2024 | $1,001 |
| December 2024 | $991 |
| January 2025 | $981 |
| February 2025 | $964 |
| March 2025 | $947 |
| April 2025 | $895 |
| May 2025 | $871 |
| June 2025 | $917 |
| July 2025 | $924 |
| August 2025 | $896 |
| September 2025 | $880 |
| October 2025 | $884 |
| November 2025 | $883 |
| December 2025 | $915 |
| January 2026 | $899 |
| February 2026 | $885 |
| March 2026 | $901 |
| April 2026 | $927 |
| May 2026 | $979 |
| June 2026 | $1,006 |
| July 2026 | $1,039 |
| August 2026 | $1,045 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,030 |
| September 2024 | $1,051 |
| October 2024 | $1,014 |
| November 2024 | $1,064 |
| December 2024 | $1,064 |
| January 2025 | $1,026 |
| February 2025 | $1,051 |
| March 2025 | $1,064 |
| April 2025 | $1,064 |
| May 2025 | $1,064 |
| October 2025 | $925 |
| November 2025 | $970 |
| December 2025 | $1,051 |
| January 2026 | $1,064 |
| February 2026 | $1,052 |
| March 2026 | $1,036 |
| April 2026 | $1,042 |
| May 2026 | $1,058 |
| June 2026 | $1,064 |
| July 2026 | $1,064 |
| August 2026 | $1,064 |
Affordability calculator
Can I afford to live at 3940 Rae St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$42,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $42,000 annually to afford this 1-bedroom monthly rent price of $1,050.
For more information on rent affordability, visit our rent calculator.
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Internet available near 3940 Rae St
Neighborhood
Albert Park | Regina, SK
Getting around Regina near 3940 Rae St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
6/10
Frequent public transit options are within walking distance.
Points of interest for 3940 Rae St, Regina
Groceries
1/10
Closest supermarket further than a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
9/10
Very large amount of park space within a few minutes' walk
Nightlife
4/10
Some bars within walking distance
Explore the area around 3940 Rae St
Real Canadian Superstore
3806 Albert St
Extra Foods
3806 Albert St
FreshCo
4250 Albert St
Save-on-Foods
4520 Albert St
Bismillah Halal Meat-Groceries
4614 Albert St
Pink Tree Specialty
3819 Albert St
Rhodas Elegance Again Inc
3839 Albert St
Crocus & Ivy Home
4065 Albert St
Thee Lingerie Shoppe
4037 Albert St
Factory Promotions Inc
3915 Cameron St
Good Earth Coffeehouse
3806 Albert St
Booster Juice
3806 Albert St S
Robin's Donuts
3835 Albert St
French Press Coffee & Tea Co
4114 Albert St
Tim Hortons
4225 Albert St
Broken Rack Billiards
3806 Albert St
Golden Mile Bowling Lanes Ltd
3806 Albert St
Earls Kitchen + Bar
2606 28th Ave
Knotted Thistle Pub
4177 Albert St
The Keg Steakhouse + Bar
4265 Albert St
Old Fashion Foods
3980 Albert St
Kneaded Gluten Free Bake Shop
3725 Pasqua St
M&M Food Market
2965 Gordon Rd
Oliv Tasting Room
2965 Gordon Rd
GNC
4613 Gordon Rd
Rae Park
Parliament Park South
Procter Park
Park
Cameron Park
Broken Rack Billiards
3806 Albert St
Fatburger
3806 Albert St
Golden Mile Bowling Lanes Ltd
3806 Albert St
Pizza Pizza
3806 Albert St
Smitty's Family Restaurant
3806 Albert St
Parliament Ave @ Rae St (WB)
HILLSDALE - WALSH ACRES, PARKRIDGE - ALBERT PARK, ALBERT S EXPRESS - ALBERT N EXPRESS
Parliament Ave @ Rae St (WB)
PARKRIDGE - ALBERT PARK, HARBOUR LANDING - UNIVERSITY
Parliament Ave @ Rae St (EB)
GLENCAIRN - WHITMORE, ALBERT S EXPRESS - ALBERT N EXPRESS
Rae St @ Parliament Ave (SB)
NORMANDY HEIGHTS - EASTVIEW
Rae St @ Golden Mile (SB)
GLENCAIRN - WHITMORE, NORMANDY HEIGHTS - EASTVIEW, PARKRIDGE - ALBERT PARK, HARBOUR LANDING - UNIVERSITY, ALBERT S EXPRESS - ALBERT N EXPRESS
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