Average rent in Red Deer, AB
The average 1-bedroom rent in Red Deer is $1,220 a month, and a 2-bedroom averages $1,418 (CMHC Rental Market Survey, October 2025). New leases cost more: the average 1-bedroom asking rent in Red Deer is $1,338 (Rentals.ca, September 2026).
What all renters pay (CMHC)
| Unit size | Average monthly rent |
|---|---|
| Studio | $1,036 |
| 1-bedroom | $1,220 |
| 2-bedroom | $1,418 |
| 3-bedroom+ | $1,677 |
| All units | $1,379 |
Source: CMHC Rental Market Survey, Oct 2025: average rent by bedroom and survey zone (purpose-built, all tenants). These are averages for purpose-built rental apartments and include long-time tenants, so new leases are usually higher.
What new renters are asked (Rentals.ca)
| Unit size | Average asking rent |
|---|---|
| 1-bedroom | $1,338 |
| 2-bedroom | $1,503 |
Source: Rentals.ca & Urbanation National Rent Report, Oct 2026: average asking rent by city and bedroom, September 2026. City-wide figure for Red Deer covering all listing types. If you moved in during 2024 or later, we compare you with these figures.
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