Red Deer

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Red Deer, AB Area Guide

A scenic blend of outdoor adventure and urban living

What makes Red Deer stand out is its lifestyle. The city is built along the idyllic Red Deer River and has more than 100 km of trails connecting parks, green spaces, and scenic spots—ideal for walking, biking, or just getting outside. Popular areas like Downtown, Vanier Woods, and Riverside Meadows offer easy access to shops, restaurants, and transit, while still keeping that small-city feel. Whether you’re commuting, studying, or just ready for a change of pace, Red Deer offers a refreshing alternative to the usual rental hotspots.

Rent Trends

As of April 2026, the average apartment rent in Red Deer, AB is $1,095 for a studio, $1,449 for one bedroom, $1,731 for two bedrooms, and $1,797 for three bedrooms. Apartment rent in Red Deer has increased by 1.0% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,449/month
595 Sq Ft
See Rental Market Trends in Red Deer, AB

Getting Around

Fairly Walkable

Walkability

50 / 100

Some Public Transit

Transit

40 / 100

Exceptionally Drivable

Drivability

100 / 100

Exceptionally Bikeable

Bikeability

90 / 100

Schools

First Steps & Beyond Inc.

Public

Grades K-5

Points of Interest

Top Apartments in Red Deer

Search Nearby Rentals

Nearby City Rentals

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.