Apartments for Rent in Westwood, Edmonton, AB

Westwood, Edmonton apartment availability

Westwood's rental market offers a good selection of listings, with an average of 28 rentals available each month in 2024. The majority of these rentals are 1-bedroom and 2-bedroom apartments, with a smaller number of 3-bedroom apartments and studios also available. Many of these rentals offer convenient amenities, including on-site laundry, which is available in 86% of apartments. Additionally, 83% of Westwood apartments are pet-friendly, making this neighborhood a great option for renters with small pets.

Westwood, Edmonton rental market trends

The Westwood, Edmonton rental market experienced a significant surge in 2024, with an average monthly rent increase of 18% year-over-year, reaching $1,163. Broken down by bed count, 1-bedrooms averaged $1,117 per month, a 16% annual increase, while 2-bedrooms and 3-bedrooms saw average rents of $1,321 and $1,549, respectively. Studio apartments averaged $994 per month, reflecting a 17% year-over-year increase.

The rental market in Westwood tends to peak in the fall, with October typically seeing the highest rents, 22% higher than April, the month with the lowest rents. This suggests that renters may find more affordable options in the spring, while those searching in the fall can expect to pay a premium. Understanding these seasonal fluctuations can help renters navigate the competitive Westwood market and make informed decisions about their housing search.

Why Westwood, Edmonton is a great place to live

We've analyzed data from the last few years to understand what makes Westwood an attractive neighborhood for renters. Our findings suggest that Westwood is an excellent choice for those who value social life and environmental sustainability.

The neighborhood's focus on sustainability is evident in its use of non-toxic paint, rainwater harvesting, and recycling programs. Many buildings also feature sustainable materials in their construction, thermostats, and low-flow fixtures. Additionally, community solar projects and a high walk score make it easy for residents to reduce their carbon footprint.

Westwood is also ideal for those who enjoy an active social life. The neighborhood's well-designed street infrastructure, high transit score, and frequent transit options make it easy to get around. With a strong emphasis on safety and a high walk score, residents can feel comfortable exploring the area and connecting with their community.