How much is the average rent in Edmonton, AB for 1-bedroom and 2-bedroom apartments?

The average rent for a 1-bedroom apartment in Edmonton, AB is approximately $1,317, while a 2-bedroom apartment costs around $1,624.

Are rents going up or down in Edmonton, AB?

Rents in Edmonton, AB have been rising, with a significant increase of 15.2% in 2024 compared to the previous year. The average rent for 1-bedroom apartments increased by 21.9%, and for 2-bedroom apartments by 14.3%.

When is the best time to look for an apartment in Edmonton, AB?

The best time to look for an apartment in Edmonton, AB is during the winter months, especially in December, when the demand is lower, and more listings are available. However, prices tend to be lower in January.

What are the best neighborhoods to rent an apartment in Edmonton, AB?

Downtown Edmonton and Maple are among the most sought-after neighborhoods, known for their high desirability and consumer interest. For those prioritizing social life, neighborhoods like Aspen Gardens, McKernan, Duggan, and Blue Quill Estates are ideal.

What areas of Edmonton, AB are best for budget-conscious renters?

While popular areas like Downtown Edmonton and Maple may not be budget-friendly, renters can explore other neighborhoods for more affordable options. It's important to consider what matters most to you, such as social life or eco-friendly features, when choosing a neighborhood.

Are there pet-friendly apartments in Edmonton, AB?

Yes, Edmonton offers a significant proportion of pet-friendly apartments, with over 80% of listings allowing pets, making it a great option for renters with furry friends.