The Cobalt
10144 123 St NW,
Edmonton, AB T5N 1N2
$1,429 - $3,149 Total Monthly Price
1-3 Beds
Rental Market Trends in Edmonton, AB
What is the average rent in Edmonton, AB?
$1,347/month
Average Rent
579 Sq Ft
Average Apartment Size
-0.4%
Decrease in the Last Year
As of March 2026, the average rent in Edmonton, AB was $1,347/month. When you rent an apartment in Edmonton, you can expect to pay as little as $1,144 to as much as $1,889, depending on the location and size of the apartment.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Edmonton, AB?
In the past year, rent has decreased by 0.4%, which averages out to $5 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Edmonton, AB
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
5%
$700 - $1,000/month
61%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Edmonton?
Based on current rent prices, Eastwood, Elmwood Park and Central McDougall are the most affordable neighborhoods in Edmonton.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Edmonton?
Based on current rent prices, Glengarry, University of Alberta and Garneau are the most expensive neighborhoods in Edmonton.
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Edmonton, AB?
Because the average rent in Edmonton is $1,347, you’ll want to make about $4,490 per month or $53,880 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Edmonton, AB compare to other nearby cities and neighborhoods?
Use the tool below to compare Edmonton, AB to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in Edmonton we think you'll love
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.
* Percentages may not total 100 due to rounding.