Vanier Woods
39 Van Slyke Way,
Red Deer, AB T4R 0S3
1-2 Beds | $1,555 - $1,755
Rental Market Trends in Red Deer, AB
Updated July 2026
The average rent in Red Deer, AB is $1,440/month.
$1,440/month
Average Rent
597 Sq Ft
Average Size
+0.8%
Change / Year
144
Available Apartments
Red Deer rent varies by unit size and layout:
- Studio apartments in Red Deer average $1,070 per month.
- One-bedroom apartments in Red Deer average $1,440 per month.
- Two-bedroom apartments in Red Deer average $1,702 per month.
- Three-bedroom apartments in Red Deer average $1,801 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Red Deer, AB?
In the past year, rent has increased by 0.8%, which averages out to $12 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Red Deer, AB
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
57%
$1,001 - $1,500/month
38%
$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 $1,440, you’ll want to make about $4,800 per month or $57,600 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 neighbourhoods?
Use the tool below to compare Red Deer, AB to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Red Deer Area GuideApartment Communities in Red Deer We Think You'll Love
Frequently Asked Questions
What is the average rent in Red Deer?
The average rent in Red Deer is $1,440 per month, which is 17.7% lower than the national average of $1,750.
Are rents going up or down in Red Deer?
Rents in Red Deer, AB are increasing, with prices up 0.8% year-over-year and $12 more per month.
What rent range is most common in Red Deer?
In Red Deer, AB, 57% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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.