Rental Market Trends in Alberta
Updated July 2026
$1,472/month
Average Rent
-1.2%
Decrease in the Last Year
-$18
Average Price Decrease
Ranked 6th
Least Expensive Rent by Province
9,273
Available Rentals
High River, AB
City with the Lowest Rent
What is the average rent in Alberta?
As of July 2026, the average rent in Alberta is $1,472/month. When you rent an apartment in Alberta, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $1,210 per month for a studio, $1,472 for a one-bedroom apartment, and around $1,760 for a two-bedroom apartment in Alberta. If you opt for a three-bedroom rental, you could pay $2,010 or more.
Rent by City
What are the most affordable cities in Alberta?
Based on current rent prices, the cheapest cities in Alberta to live are High River, Strathmore and Lloydminster.
Nearby Province Markets
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.