Emerald Hills Landing
200 Edgar Ln,
Sherwood Park, AB T8H 2X6
Studio - 2 Beds | $621 - $2,064
Rental Market Trends in Sherwood Park, AB
Updated July 2026
The average rent in Sherwood Park, AB is $1,662/month.
$1,662/month
Average Rent
541 Sq Ft
Average Size
+1.2%
Change / Year
85
Available Apartments
Sherwood Park rent varies by unit size and layout:
- Studio apartments in Sherwood Park average $966 per month.
- One-bedroom apartments in Sherwood Park average $1,662 per month.
- Two-bedroom apartments in Sherwood Park average $1,891 per month.
- Three-bedroom apartments in Sherwood Park average $1,933 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Sherwood Park, AB?
In the past year, rent has increased by 1.2%, which averages out to $21 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Sherwood Park, AB
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
9%
$1,001 - $1,500/month
64%
$1,501 - $2,000/month
27%
Above $2,000/month
What salary do I need to live comfortably in Sherwood Park, AB?
Because the average rent in Sherwood Park is $1,662, you’ll want to make about $5,540 per month or $66,480 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 GuideCompare 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
Frequently Asked Questions
What is the average rent in Sherwood Park?
The average rent in Sherwood Park is $1,662 per month, which is 5.7% lower than the national average of $1,763.
Are rents going up or down in Sherwood Park?
Rents in Sherwood Park, AB are increasing, with prices up 1.2% year-over-year and $21 more per month.
What rent range is most common in Sherwood Park?
In Sherwood Park, AB, 64% of apartments fall between $1,501 - $2,000/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.