Bedroom count
Property type
Last updated on August 5, 2026
Average rent in
Red Deer, AB
Average rent in
Last updated on August 5, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Red Deer, AB rent is essentially flat year over year, with a current median of $1,442/month. Renters are paying about the same as last year, with a modest 1.6% decline that corresponds to a negligible $21 less per month on average.
Compared to national trends
Red Deer sits 25.7% more affordable than the $1,940/month national median, offering a smaller market with 76 total rentals and a lower price point for renters seeking value in Alberta.
Price ranges
Studios in Red Deer rent for $1,279/month, 1-bedrooms for $1,325/month, and 2-bedrooms for $1,445/month, with 4+ bedrooms reaching $2,800/month. Apartments make up 66.3% of rentals and rent around $1,390/month, while houses run higher at $1,750/month.
Neighborhood spotlight
Oriole Park West saw rents fall 31.8% year over year to $1,365/month across 15 rentals. This decline is much steeper than the broadly flat citywide trend, showing a localized cooldown in this neighborhood.
Median rent
Median rent in Red Deer
$1,442/mo
2%vs previous year
The average rent in Red Deer is $1,442 per month as of August 2026. This is 26% below the national average rent, or $498 less per month.
average price per square foot
Total rentals
Available rentals in Red Deer
76
for rent on Zumper.com as of August 2026
Rent price distribution
Share of Red Deer rentals at each price point
Rent trends in Red Deer, AB
Average rent prices in Red Deer have remained the same over the last month and have decreased by 2% since last year.
Rent trends
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Compare rent prices in
Red Deer, AB
Rent prices in Red Deer vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Red Deer is $1,389, whereas a house costs $1,750. 1-bedroom apartments in Red Deer run $1,312 on average, while 2-bedroom apartments are $1,429.
Listings | ||||
|---|---|---|---|---|
Studio | $1,279 |  3% | 1% | |
1 bedroom | $1,325 | 1% | 2% | |
2 bedroom | $1,445 | 2% | 4% | |
3 bedroom | $1,797 | 3% | No Change | |
4 bedroom | $2,800 | 6% | 15% |
Listings | ||
|---|---|---|
Bower | $1,629 | |
Downtown Red Deer | $1,295 | |
Eastview | $1,325 | |
Highland Green | $1,495 | |
Highland Green Estates | $1,450 | |
Normandeau | $1,360 | |
Riverside Meadows | $1,425 | |
South Hill | $1,495 | |
Vanier East | $1,495 | |
West Park | $1,629 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,389 | 1% | No Change | |
Condos | $1,600 | 9% | - | |
Houses | $1,750 | 1% | No Change | |
Rooms | $1,795 | 5% | No Change |
Studio
Average rent
$1,279
Last 30 days
3%
Last year
1%
1 bedroom
Average rent
$1,325
Last 30 days
1%
Last year
2%
2 bedroom
Average rent
$1,445
Last 30 days
2%
Last year
4%
3 bedroom
Average rent
$1,797
Last 30 days
3%
Last year
No Change
4 bedroom
Average rent
$2,800
Last 30 days
6%
Last year
15%
Downtown Red Deer
Average rent
$1,295
Riverside Meadows
Average rent
$1,425
South Hill
Average rent
$1,495
Highland Green
Average rent
$1,495
West Park
Average rent
$1,629
Highland Green Estates
Average rent
$1,450
Normandeau
Average rent
$1,360
Eastview
Average rent
$1,325
Bower
Average rent
$1,629
Vanier East
Average rent
$1,495
Apartments
Average rent
$1,389
Last 30 days
1%
Condos
Average rent
$1,600
Last 30 days
9%
Houses
Average rent
$1,750
Last 30 days
1%
Rooms
Average rent
$1,795
Last 30 days
5%
The table above reflects average rent prices in Red Deer, AB, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.
How does rent in Red Deer, AB compare to other cities?
Compare median rent prices in Red Deer and Airdrie by all bedroom counts and property types.
Red Deer
26%lower than the national median
6%lower than the national median
Takeaway
The median rent for all rentals in Red Deer, AB is 21% lower than the median rent in Airdrie, AB.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,825
3%$1,370
20%$1,800
4%$1,500
1%$1,815
6%$1,507
8%$1,500
6%$1,245
7%$1,280
1%$1,704
3%$1,928
6%Discover rentals in Red Deer, AB
4d ago
5305, 5325, 5405, 5425 47A Avenue, Red Deer, AB T4N 3R6
2 beds
1 bath
$1,100
Apartment for rent
11h ago
3821 50 St, Red Deer, AB T4N 1W1
2 beds
1 bath
$1,245
Apartment for rent
5d+ ago
Eastview apartment for rent in Red Deer
2 beds
1 bath
$1,245
Apartment for rent
Available Aug 4
10h ago
7180 Parke Ave, Red Deer, AB T4P 1M9
2 beds
1 bath
$1,294
Apartment for rent
4d ago
70 Thomlison Ave, Red Deer, AB T4P 3H7
1–2 beds
1–2 baths
$1,515–$1,855
Apartment for rent
4d ago
50A Livingston Close, Red Deer, AB T4R 0T8
2 beds
1–2 baths
$1,798–$1,828
Apartment for rent
1d ago
3733 45 St, Red Deer, AB T4N None
1 bed
1 bath
$1,695–$1,750
House for rent
3d ago
39 Van Slyke Way, Red Deer, AB T4R 0S3
1–2 beds
1 bath
$1,555–$1,755
Apartment for rent
3d ago
39 Van Slyke Way, Red Deer, AB T4R 0S3
1–2 beds
1 bath
$1,555–$1,755
Apartment for rent
5d+ ago
3920 50 Ave, Red Deer, AB T4N 3Z1
1–2 beds
1 bath
$1,335–$1,545
Apartment for rent
10h ago
7180 Parke Ave, Red Deer, AB T4P 1M9
2 beds
1 bath
$1,294
Apartment for rent
11h ago
6323 59 Ave, Red Deer, AB T4N 5P9
2 beds
1 bath
$1,495
Apartment for rent
1d ago
4820 47 Ave, Red Deer, AB T4N 6B9
1 bed
1 bath
$1,075
Apartment for rent
3d ago
6209 60 St, Red Deer, AB T4N 6M7
1–2 beds
1 bath
$1,399–$1,439
Apartment for rent
Available Feb 1
3d ago
3424 52 Ave, Red Deer, AB T4N 6N2
1–2 beds
1 bath
$1,249–$1,429
Apartment for rent
Available Feb 15
3d ago
5423 57 St, Red Deer, AB T4N 2K8
2 beds
1 bath
$1,459–$1,519
Apartment for rent
Available Oct 29
10h ago
7180 Parke Ave, Red Deer, AB T4P 1M9
2 beds
1 bath
$1,294
Apartment for rent
19h ago
3110 47 Ave, Red Deer, AB T4N 3P2
3 beds
1 bath
$1,725–$1,910
House for rent
20h ago
5806 52 Ave, Red Deer, AB T4N 4K4
1 bed
1 bath
$995
Apartment for rent
1d ago
4250 54 Ave, Red Deer, AB T4N 6W9
3 beds
1 bath
$1,655–$1,905
Price drop
House for rent
Stay up to date with rental market insights
Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.
Frequently asked questions for Red Deer, AB
Quick answers to common questions about the Red Deer rental market.
How much is rent in Red Deer?
The average rent in Red Deer is $1,442 per month as of August 1, 2026.
Is rent up or down in Red Deer?
Average rent prices in Red Deer have remained the same over the last month and have decreased by 2% since last year.
How does Red Deer rent compare to the national average?
Rent in Red Deer is 26% below the national average, which means renters are paying approximately $498 less per month.
Which neighborhoods are most affordable in Red Deer?
The most affordable neighborhoods in Red Deer are Downtown Red Deer ($1,295/mo), Eastview ($1,325/mo), and Normandeau ($1,360/mo).
What salary do I need to afford rent in Red Deer?
To comfortably afford rent in Red Deer, you'd need to earn approximately $58,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Red Deer?
Based on Zumper's July 2026 data, one-bedroom apartments in Red Deer average around $1,260/month and two-bedrooms approximately $1,440/month.
Methodology
Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.
Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).