Vanier Woods
39 Van Slyke Way,
Red Deer, AB T4R 0S3
$1,605 - $1,755
1-2 Beds
Rental Market Trends in Red Deer, AB
What is the average rent in Red Deer, AB?
$1,447/month
Average Rent
595 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of April 2026, the average rent in Red Deer, AB was $1,447/month. When you rent an apartment in Red Deer, you can expect to pay as little as $1,089 to as much as $1,805, 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 Red Deer, AB?
In the past year, rent has increased by 0.9%, which averages out to $14 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Red Deer, AB
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
53%
$1,001 - $1,500/month
41%
$1,501 - $2,000/month
6%
Above $2,000/month
What salary do I need to live comfortably in Red Deer, AB?
Because the average rent in Red Deer is $1,447, you’ll want to make about $4,823 per month or $57,876 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 Red Deer, AB compare to other nearby cities and neighborhoods?
Use the tool below to compare Red Deer, 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.
Nearby City Rent Trends
Apartment communities in Red Deer 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.