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

The average rent for a 1-bedroom apartment in Wood Buffalo, AB is $1,241, while a 2-bedroom apartment averages $1,423.

Are rents going up or down in Wood-Buffalo, AB?

Rents in Wood Buffalo, AB have experienced a modest increase in 2024, with average monthly rents rising by 3.1%. The demand for 1-bedroom units has notably increased, resulting in a 9.5% rise in rent.

When is the best time to look for an apartment in Wood-Buffalo, AB?

The best time to look for an apartment in Wood Buffalo is during the off-season, particularly in November when demand is lower and prices are about 8% less than peak season. However, the most competitive months are May and July.

What are the best neighborhoods to rent an apartment in Wood-Buffalo, AB?

Trendy neighborhoods like Downtown Fort McMurray and Woodland are highly in demand. For eco-friendly living, consider Downtown Fort McMurray, Confederation Heights, Abasand Heights, and Parsons Creek.