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Apartments for Rent in Downtown Red Deer, Red Deer, AB

Average rent

$1,300
decreased by7%

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Great for

Eco-living
Social life
Pet owners

All rentals

Revy Townhomes - Photo 1 of 1

20h ago

8.8

Very good

Revy Townhomes

4250 54 Ave, Red Deer, AB T4N 6W9

In-unit laundry | On-site laundry | Balcony

3 beds

1 bath

$1,730–$1,980

House for rent

4311 49 Ave - Photo 1 of 1

1d ago

Downtown Red Deer apartment for rent in Red Deer

Furnished | On-site laundry | Assigned parking

Studio

1 bath

$1,095

Apartment for rent

Available Jun 16

4311 49 Ave - Photo 1 of 1

1d ago

Downtown Red Deer apartment for rent in Red Deer

Furnished | On-site laundry | Assigned parking

1 bed

1 bath

$1,495

Apartment for rent

Available Jun 16

Utilities Included! Bachelor Suites! - Photo 1 of 1

1d ago

Downtown Red Deer apartment for rent in Red Deer

Utilities Included! Bachelor Suites!

4311 49 Ave, Red Deer, AB T4N 5Y7

Assigned parking

Studio

1 bath

$1,095

Apartment for rent

Mainstreet Gaetz Core - Photo 1 of 1

3d ago

8.8

Very good

Mainstreet Gaetz Core

4920 47 St, Red Deer, AB T4N 1R5

On-site laundry | Balcony | Assigned parking

1 bed

1 bath

$975

Apartment for rent

Waskasoo Terrace Apartments - Photo 1 of 1

3d ago

8.8

Very good

Waskasoo Terrace Apartments

4744 54 St, Red Deer, AB T4N 2G3

On-site laundry | Assigned parking | Central heat

1–2 beds

1 bath

$1,145–$1,229

Apartment for rent

Find rentals with popular amenities

Storage

Balcony

On-Site Laundry

Assigned Parking

Valleyview Manor - Photo 1 of 1

3d ago

8.5

Very good

Valleyview Manor

3901 50a Ave, Red Deer, AB T4N 4E5

On-site laundry

1 bed

1 bath

$1,455

Apartment for rent

Pembroke House - Photo 1 of 1

4d ago

8.5

Very good

Pembroke House

4815 46 St, Red Deer, AB T4N 1M9

On-site laundry | Balcony

1 bed

1 bath

$1,365

Apartment for rent

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Sprucevale - Photo 1 of 1

4d ago

8.8

Very good

Sprucevale

5516 47a Ave, Red Deer, AB T4N 3R8

On-site laundry | Balcony | Storage

1 bed

1 bath

$1,435

Apartment for rent

Hawkwood - Photo 1 of 1

4d ago

8.8

Very good

Hawkwood

4822 54 St, Red Deer, AB T4N 2G6

On-site laundry | Balcony | Storage

2 beds

1 bath

$1,554

Apartment for rent

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These rentals are 10%-30% cheaper than the local average price for similar rentals.

Lovely 1 Bedroom Apartments in the Heart of Red Deer! - Photo 1 of 1

5d+ ago

8.3

Very good

Lovely 1 Bedroom Apartments in the Heart of Red Deer!

4707 50 St, Red Deer, AB T4N 1X3

Dishwasher

1 bed

1 bath

$1,081

Apartment for rent

Beautiful 2 Bedroom Unit in Parkvale!! - Photo 1 of 1

5d+ ago

8.3

Very good

Beautiful 2 Bedroom Unit in Parkvale!!

4601 48 Ave, Red Deer, AB T4N 3S8

2 beds

1 bath

$1,295

Apartment for rent

Heather Lee - Photo 1 of 1

5d+ ago

8.8

Very good

Heather Lee

4734 55 St, Red Deer, AB T4N 2J1

On-site laundry | Balcony | Assigned parking

1–2 beds

1 bath

$1,325–$1,450

Apartment for rent

Plaza Apartments - Photo 1 of 1

5d+ ago

8.8

Very good

Plaza Apartments

5305, 5325, 5405, 5425 47A Avenue, Red Deer, AB T4N 3R6

On-site laundry | Balcony | On-site management

1 bed

1 bath

$1,054

Apartment for rent

Willow Estates - Photo 1 of 1

5d+ ago

8.8

Very good

Willow Estates

4700 55 St, Red Deer, AB T4N 2H8

On-site laundry | Balcony | Elevator

Studio–2 beds

1 bath

$900–$1,198

Apartment for rent

Charmarine East & West - Photo 1 of 1

5d+ ago

8.8

Very good

Charmarine East & West

4742 & 4742 55 Street, Red Deer, AB T4N 2J1

In-unit laundry | On-site laundry | Balcony

1 bed

1 bath

$1,325

Apartment for rent

Find similar neighborhoods

1 Bedroom Apartment w/ In - Photo 1 of 1

5d+ ago

8.3

Very good

1 Bedroom Apartment w/ In

4732 54 St, Red Deer, AB T4N 2G3

In-unit laundry

1 bed

1 bath

$1,195

Apartment for rent

Park Royal Manor - Photo 1 of 1

5d+ ago

8.8

Very good

Park Royal Manor

4514 48 Ave, Red Deer, AB T4N 3S7

On-site laundry | Balcony | Storage

1 bed

1 bath

$1,405

Apartment for rent

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4601 48 Ave - Photo 1 of 1

5d+ ago

Downtown Red Deer apartment for rent in Red Deer

On-site laundry | Dishwasher | Oven

2 beds

1 bath

$1,295

Apartment for rent

Available Jun 16

4707 50 St - Photo 1 of 1

5d+ ago

Downtown Red Deer apartment for rent in Red Deer

On-site laundry | Elevator | Dishwasher

1 bed

1 bath

$1,081

Apartment for rent

Available Jun 16

4732 54 St - Photo 1 of 1

5d+ ago

Downtown Red Deer apartment for rent in Red Deer

4732 54 St, Red Deer, AB T4N 2G3

In-unit laundry | On-site laundry | Balcony

1 bed

1 bath

$1,195

Apartment for rent

Available Jun 16

Lexington Place - Photo 1 of 1

23h ago

9.3

Excellent

Lexington Place

4820 47 Ave, Red Deer, AB T4N 6B9

In-unit laundry | On-site laundry | Central heat

1 bed

1 bath

$1,075

Apartment for rent

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Home > Apartments in Red Deer > Downtown Red Deer Apartments For Rent
Updated: June 16, 2026

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Learn more about renting in Downtown Red Deer, Red Deer, AB

What is the average rent for a 1-bedroom apartment in Downtown Red Deer, Red Deer, AB?

Downtown Red Deer, a neighborhood in Red Deer, AB, sees one-bedroom apartments averaging around $1,300 per month in 2025. These units offer the lowest entry point for renters in this market, with about 13 listings available monthly.

What is the average rent for a 2-bedroom apartment in Downtown Red Deer, Red Deer, AB?

Two-bedroom apartments in Downtown Red Deer rent for around $1,400 per month in 2025. The neighborhood typically has about 8 two-bedroom listings available monthly, with units averaging around 604 sqft.

What is the average rent for a 3-bedroom apartment in Downtown Red Deer, Red Deer, AB?

Three-bedroom apartments in Downtown Red Deer command around $1,700 per month in 2025, representing the highest prices in this Red Deer neighborhood. These larger units average around 1,222 sqft and typically have about 3 listings available monthly.

How much does it cost to rent an apartment in Downtown Red Deer, Red Deer, AB?

Downtown Red Deer's rental market averaged around $1,300 per month across all property types in 2025. Rent varies by unit size, with one-bedrooms starting around $1,300, two-bedrooms at around $1,400, and three-bedrooms reaching around $1,700 monthly.

What is the average apartment size in Downtown Red Deer, Red Deer, AB?

Apartments in Downtown Red Deer average around 483 sqft across all unit types. One-bedroom units typically measure around 373 sqft, while two-bedrooms offer around 604 sqft and three-bedrooms provide around 1,222 sqft of living space.

What type of apartment is most common in Downtown Red Deer, Red Deer, AB?

One-bedroom apartments are the most common rental type in Downtown Red Deer, with about 13 listings available monthly. The neighborhood sees a total of about 28 listings per month across all unit types.

Why Downtown Red Deer, Red Deer is a great place to live

Downtown Red Deer is a hub for renters who prioritize social life and environmental sustainability.

The neighborhood's focus on eco-friendliness is evident in its use of non-toxic paint, rainwater harvesting, recycling programs, community solar projects, and incorporation of sustainable materials in construction. Low-flow fixtures and thermostats further contribute to a reduced carbon footprint. With a high walk score and excellent transit score, residents can easily navigate the area without relying on personal vehicles.

A vibrant social scene is also a hallmark of Downtown Red Deer, thanks to its strong street infrastructure, emphasis on safety, and convenient transit options. Whether you're looking to connect with friends, explore local culture, or simply enjoy the community atmosphere, this neighborhood has something for everyone. If a dynamic, eco-conscious lifestyle is what you're after, Downtown Red Deer is an excellent choice.

What type of apartment is least common in Downtown Red Deer, Red Deer, AB?

Three-bedroom apartments have the fewest listings in Downtown Red Deer, with about 3 available monthly. Studio apartments are also limited, with about 4 listings typically available each month in this Red Deer neighborhood.

Methodology: How we got this data

Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2026 rental inventory and prices.

Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.

Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.

Looking for apartments in Downtown Red Deer, Red Deer, AB near you?

🔑Available apartment rentals32
💰Best rent deal4700 55 St
Popular amenities, ,
🍽With dishwasher
🏠With photos