Southwood Square
124 12th Ave,
Slave Lake, AB T0G 2A4
3 Beds | $1,650
Rental Market Trends in Slave Lake, AB
Updated September 2026
The average rent in Slave Lake, AB is $1,349/month.
$1,349/month
Average Rent
655 Sq Ft
Average Size
+5.4%
Change / Year
1
Available Apartments
Slave Lake rent varies by unit size and layout:
- Studio apartments in Slave Lake average per month.
- One-bedroom apartments in Slave Lake average $1,349 per month.
- Two-bedroom apartments in Slave Lake average $1,514 per month.
- Three-bedroom apartments in Slave Lake average $1,517 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Slave Lake, AB?
In the past year, rent has increased by 5.4%, which averages out to $74 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Slave Lake, AB
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
50%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Slave Lake, AB?
Because the average rent in Slave Lake is $1,349, you’ll want to make about $4,496 per month or $53,952 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 Slave Lake, AB compare to other nearby cities and neighbourhoods?
Use the tool below to compare Slave Lake, 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.
Apartment Communities in Slave Lake We Think You'll Love
Frequently Asked Questions
What is the average rent in Slave Lake?
The average rent in Slave Lake is $1,349 per month, which is 20.8% lower than the national average of $1,703.
Are rents going up or down in Slave Lake?
Rents in Slave Lake, AB are increasing, with prices up 5.4% year-over-year and $74 more per month.
What rent range is most common in Slave Lake?
In Slave Lake, AB, 50% 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.