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Rental Market Trends in Sylvan Lake, AB

What is the average rent in Sylvan Lake, AB?

$1,386/month

Average Rent

611 Sq Ft

Average Apartment Size

+5.5%

Increase in the Last Year

As of June 2026, the average rent in Sylvan Lake, AB was $1,386/month. When you rent an apartment in Sylvan Lake, you can expect to pay as little as $1,355 to as much as , depending on the location and size of the apartment.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,355/month
355 Sq Ft
One Bedroom
$1,386/month
611 Sq Ft
Two Bedroom
$2,040/month
866 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 Sylvan Lake, AB?

In the past year, rent has increased by 5.5%, which averages out to $77 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 June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Sylvan Lake, AB
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Sylvan Lake, AB
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 Sylvan Lake, AB?

Because the average rent in Sylvan Lake is $1,386, you’ll want to make about $4,620 per month or $55,440 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.

City

Sylvan Lake, AB

31 Available Apartments for Rent

Search for Nearby Apartments

How does Sylvan Lake, AB compare to other nearby cities and neighbourhoods?

Use the tool below to compare Sylvan 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 Averages

Nearby City Rent Trends

  • Red Deer Average Rent

Apartment communities in Sylvan Lake we think you'll love

Belmont Townhomes

Belmont Townhomes

11 Broadway Rise,
Sylvan Lake, AB T4S 0M2

$1,715

1 Bed

Belmont Village Townhomes

Belmont Village Townhomes

13 Broadway Rise,
Sylvan Lake, AB T4S 0P6

Call for Rent

2-3 Beds

BlueWater Apartments South

BlueWater Apartments South

15 Broadway Rise,
Sylvan Lake, AB T4S 0M2

$970 - $1,785

1-2 Beds

Revy Townhomes

Revy Townhomes

4250 54 Av,
Red Deer, AB T4N 6W9

$1,730 - $1,980

3 Beds

Canada Alberta Sylvan Lake 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.

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