Six of Canada’s most affordable cities for rent are in Alberta

A one-bedroom unit here rented for an average of $1,321 per month in October 2025, falling by 0.3 per cent compared to September.

Homes with two bedrooms fell by 0.7 per cent over the last month to $1,628.

The average cost of rent for all unit sizes in Alberta was $1,691 per month in October. The national average was $2,094.

Eight communities in Alberta were included in the report. They are listed below with their place on the national ranking in brackets:

Calgary (43)
- Total: $1,851 monthly
- One bedroom: $1,633 monthly, -6.8% annually
- Two bedrooms: $2,004 monthly, -6.8% annually
Airdrie (49)
- Total: $1,656 monthly
- One bedroom: $1,461 monthly, -7.9% annually
- Two bedrooms: $1,750 monthly, -3.7% annually
Lethbridge (52)
- Total: $1,570 monthly
- One bedroom: $1,321 monthly, -1.2% annually
- Two bedrooms: $1,628 monthly, +1.7% annually
Edmonton (53)
- Total: $1,529 monthly
- One bedroom: $1,336 monthly, -5.8% annually
- Two bedrooms: $1,700 monthly, -2.6% annually
Red Deer (56)
- Total: $1,395 monthly
- One bedroom: $1,280 monthly, +0.3% annually
- Two bedrooms: $1,601 monthly, +7.6% annually
Fort McMurray (57)
- Total: $1,332 monthly
- One bedroom: $1,184 monthly, -2.7% annually
- Two bedrooms: $1,375 monthly, -0.1% annually
Medicine Hat (58)
- Total: $1,321 monthly
- One bedroom: $1,228 monthly, +0.2% annually
- Two bedrooms: $1,359 monthly, -2.9% annually
Lloydminster – Alberta side (59)
- Total: $1,244 monthly
- One bedroom: $1,059 monthly, +4.5% annually
- Two bedrooms: $1,322 monthly, +9.4% annually

North Vancouver remains the most expensive city in Canada for rent, as units there go for an average of $3,011 per month.

You can read the full National Rent Report online here.

by David Opinko