Average rent in Red Deer
A 2 bedrooms unit in Red Deer rented for $1,418 a month on average in October 2025 (▲ 5.7% in a year), rank 72 of 189 centres for two-bedroom rent (1 = highest). Check that a listing is fair before you sign.
Average monthly rent, October 2025
Bachelor
Oct 2024: $948 · ▲ 9.3%
$1,0361 bedroom
Oct 2024: $1,149 · ▲ 6.2%
$1,2202 bedrooms
Oct 2024: $1,342 · ▲ 5.7%
$1,4183+ bedrooms
Oct 2024: $1,568 · ▲ 7.0%
$1,677Other centres in Alberta (2 bedrooms)
Canmore$2,438Calgary$1,908Okotoks$1,778Red Deer County$1,703Edmonton$1,598Lethbridge$1,593Strathmore$1,520Sylvan Lake$1,467Wood Buffalo$1,457Lacombe$1,451Grande Prairie$1,427Brooks$1,406Camrose$1,346Cold Lake$1,328Lloydminster (Alberta part)$1,301
Affordability calculator →Questions and answers
What is the average rent in Red Deer?
Bachelor: $1,036, 1 bedroom: $1,220, 2 bedrooms: $1,418, 3+ bedrooms: $1,677 a month (CMHC, October 2025).
Is rent going up in Red Deer?
The average 2 bedrooms rent changed 5.7% between October 2024 and October 2025.
What rents are included?
Average rents in purpose-built row and apartment structures of three or more units, from CMHC's Rental Market Survey.
Source: Statistics Canada, Table 34-10-0133-01, CMHC average rents for areas with a population of 10,000 and over (Statistics Canada Open Licence).