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Highlights
Pet Friendly
Location
5307 48 Ave, Red Deer, AB T4N 3V2, CAN|Downtown Red Deer
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Floor plans
| 2 bedroom 1 bathroom | 2 bed | 1 bath | $1,295 /mo | 1 unit available |
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Amenities for 2 Bedroom Unit with Large Balcony
Appliances
| Oven | Refrigerator |
| Stove |
Building
| Cats OK | Dogs OK |
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.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12 months |
|---|
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About 2 Bedroom Unit with Large Balcony
5307 48 Avenue Unit 2 Red Deer, Alberta This lovely 2 bedrooms and 1 bathroom apartment boasts large sized bedrooms, a spacious living/dining room area, and a large balcony. Laundry is shared by all units. Rent is $1295.00. Tenant is responsible for power. Security Deposit is $1295.00. Pets are welcome on approved application with a monthly fee of $25 per pet. 1 year lease is required, as well as tenant insurance. Call The Realty Store Inc. o/a Realty Executives Alberta Elite to view. You can reach our office at 403-341-5554. Facebook: TheRealtyStoreRedDeer Website: www therealtystore ca **Photos are of similar units**
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Rent trends in Downtown Red Deer
2-bedroom apartments at 2 Bedroom Unit with Large Balcony cost about 3% less than the average rent price for 2-bedroom apartments in Downtown Red Deer.
Median rents as of Mar 28 2026.
Downtown Red Deer
Red Deer
| Month | Median Rent |
|---|---|
| November 2024 | $1,345 |
| December 2024 | $1,395 |
| January 2025 | $1,299 |
| February 2025 | $1,317 |
| March 2025 | $1,335 |
| April 2025 | $1,215 |
| May 2025 | $1,135 |
| June 2025 | $1,125 |
| July 2025 | $1,125 |
| August 2025 | $1,195 |
| September 2025 | $1,211 |
| October 2025 | $1,266 |
| November 2025 | $1,195 |
| December 2025 | $1,206 |
| January 2026 | $1,186 |
| February 2026 | $1,119 |
| March 2026 | $1,051 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,395 |
| December 2024 | $1,395 |
| September 2025 | $1,295 |
| October 2025 | $1,266 |
| November 2025 | $1,195 |
| December 2025 | $1,195 |
| January 2026 | $1,195 |
| March 2026 | $1,095 |
Affordability calculator
Can I afford to live at 5307 48 Ave?
Bedrooms
2 bedroomsRent-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
$51,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $51,800 annually to afford this 2-bedrooms monthly rent price of $1,295.
For more information on rent affordability, visit our rent calculator.
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Internet available near 2 Bedroom Unit with Large Balcony
Neighborhood
Downtown Red Deer | Red Deer, AB
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Red Deer near 5307 48 Ave
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 5307 48 Ave, Red Deer
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Nightlife
4/10
Some bars within walking distance
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