Rental Market Trends in Sherwood Park, AB

Q: What is the average rent in Sherwood Park, AB?

As of September 2026, the average rent in Sherwood Park, AB was $1,640/month.

Updated September 2026

The average rent in Sherwood Park, AB is $1,640/month.

$1,640/month

Average Rent

541 Sq Ft

Average Size

-0.4%

Change / Year

Available Apartments

Sherwood Park rent varies by unit size and layout:

Studio apartments in Sherwood Park average $1,023 per month.
One-bedroom apartments in Sherwood Park average $1,640 per month.
Two-bedroom apartments in Sherwood Park average $1,896 per month.
Three-bedroom apartments in Sherwood Park average $1,984 or more per month.

Average Rent by Home Type

Bedrooms

Average Rent

Average Sq Ft

Studio

$1,023/month

465 Sq Ft

One Bedroom

$1,640/month

541 Sq Ft

Two Bedroom

$1,896/month

875 Sq Ft

Three Bedroom

$1,984/month

1,147 Sq Ft

View Sherwood Park Apartments

How much has average rent changed in Sherwood Park, AB?

In the past year, rent has decreased by 0.4%, which averages out to $6 less per month.

Percentage*

Rent Range

0% Below $700/month

0% $700 - $1,000/month

0% $1,001 - $1,500/month

75% $1,501 - $2,000/month

25% Above $2,000/month

What salary do I need to live comfortably in Sherwood Park, AB?

Because the average rent in Sherwood Park is $1,640, you’ll want to make about $5,466 per month or $65,592 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 Sherwood Park, AB compare to other nearby cities and neighbourhoods?

Use the tool below to compare Sherwood Park, 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 Sherwood Park Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

Apartment Communities in Sherwood Park We Think You'll Love

Emerald Hills Landing

200 Edgar Ln,
Sherwood Park, AB T8H 2X6

Studio - 2 Beds | $648 - $2,374

Stonebridge on Bothwell Drive

501 Bothwell Dr,
Strathcona County, AB T8H 1H8

1-2 Beds | $1,475 - $1,650

Emerald Hills

5000 Clover Bar Rd,
Sherwood Park, AB T8H 0W5

1-2 Beds | $1,499 - $1,750

Emerald Place

110 Edgar Ln,
Sherwood Park, AB T8H 2Y9

1-3 Beds | $1,480 - $2,125

Frequently Asked Questions

What is the average rent in Sherwood Park?

The average rent in Sherwood Park is $1,640 per month, which is 6.0% lower than the national average of $1,744.

Are rents going up or down in Sherwood Park?

Rents in Sherwood Park, AB are decreasing, with prices down 0.4% year-over-year and $6 less per month.

What rent range is most common in Sherwood Park?

In Sherwood Park, AB, 75% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

Canada Alberta Sherwood Park Rental Trends

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.