Average rent in Sylvan Lake, AB
The average 1-bedroom rent in Sylvan Lake is $1,355 a month, and a 2-bedroom averages $1,467 (CMHC Rental Market Survey, October 2025).
What all renters pay (CMHC)
| Unit size | Average monthly rent |
|---|---|
| 1-bedroom | $1,355 |
| 2-bedroom | $1,467 |
| 3-bedroom+ | $1,505 |
| All units | $1,441 |
How Sylvan Lake compares
A 1-bedroom here averages $1,355, 3% lower than the Alberta average of $1,402, and 11% higher than Red Deer (20 km away) at $1,220.
| Unit size | Sylvan Lake | Alberta | Red Deer |
|---|---|---|---|
| 1-bedroom | $1,355 | $1,402 | $1,220 |
| 2-bedroom | $1,467 | $1,670 | $1,418 |
| 3-bedroom+ | $1,505 | $1,848 | $1,677 |
CMHC doesn't publish a reliable studio figure for Sylvan Lake, so those sizes are left out rather than estimated.
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 people here told us
Community stats appear here once at least 5 people have checked their rent in Sylvan Lake, so no one can be identified.