Apartments for Rent in Eastwood, Edmonton, AB

Eastwood, Edmonton apartment availability

Eastwood's rental market offers a good selection of listings, with an average of 29 rentals available each month in 2024. The majority of these rentals are 1-bedroom apartments, followed by 2-bedroom and studio apartments. Notably, nearly all Eastwood apartments (over 90%) are pet-friendly, allowing small pets with some restrictions, making this neighborhood an attractive option for pet owners. With a range of accommodation types and a strong pet-friendly culture, Eastwood is a great choice for renters seeking a convenient and welcoming community.

Eastwood, Edmonton rental market trends

Eastwood, Edmonton's rental market experienced a significant surge in 2024, with average monthly rents increasing by nearly 20% year-over-year to $1,153. This upward trend is reflected across all bed types, with 1-bedrooms averaging $1,128 (up 23% from 2023), 2-bedrooms at $1,316 (up 22%), and 3-bedrooms at $1,753 (up 12%). Studio apartments also saw a notable increase, with average rents rising 18% to $965.

The rental market in Eastwood tends to peak in the fall, with October typically seeing the highest rents – a 19% increase compared to February, the month with the lowest rents. If you're searching for a new apartment, be prepared for more competition during the peak season. Conversely, if you're looking for a better deal, consider searching during the winter months, when prices tend to be lower. Keep in mind that the market can fluctuate, and being flexible with your move-in date may help you find a more affordable option.

Why Eastwood, Edmonton is a great place to live

Eastwood stands out as a top choice for renters prioritizing social living and environmental sustainability. The neighborhood's high transit score and frequency, combined with its walk score and safe street infrastructure, make it an ideal location for those who value easy access to social activities and community engagement. Additionally, Eastwood's focus on sustainable materials construction, use of non-toxic paint, and incorporation of eco-friendly features like rainwater harvesting and community solar projects contribute to its strong environmental sustainability score. With its unique blend of social and environmental benefits, Eastwood offers a distinctive lifestyle that sets it apart from other Edmonton neighborhoods.