How much does it cost to rent an apartment in Red Deer?
Red Deer Apartments
Bed TypeAverage RentRange
3BR$1,600
$1,600 - $1,600
Frequently Asked Questions
How many apartments are available in Red Deer, AB on Rentable.co?
Rentable.co has over 8 apartments available in Red Deer.
Can I afford an apartment for rent in Red Deer, AB?
Based on average rent prices in Red Deer, to afford a three-bedroom apartment you would need an annual household income of $64,000 to live comfortably.
Red Deer: September Rent Report
Welcome to the September 2024 Red Deer Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
September 2024 key findings and figures for the Red Deer rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Red Deer and surrounding areas and provide comparisons to the entire metro area, nearby cities and
some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of
Red Deer average rent prices in the chart below.
Monthly Rent Report
$1,950
$1,460
$980
$490
$0
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
1 BR2 BR
Red Deer Rent Prices Decrease From August to September
Red Deer rent prices decreased over the last month. From August to September, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Red Deer one-bedroom apartments currently stands at $1,050.0.
When we take a look at the two-bedroom comparison from August to September, Red Deer experienced a -7.59% decrease for the price of a two-bedroom apartment. The rent price for a Red Deer two-bedroom apartments currently stands at $1,521.0.
September Prices: Red Deer vs. Surrounding Areas
Rent Prices in Red Deer and Surrounding Areas
Rent prices have decreased in Red Deer over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Red Deer suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Red Deer suburbs
Rents did not decrease in any of the Red Deer suburbs.
September 2024 Pricing Trends: Red Deer vs. National Comparisons
New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,195
$3,010
$2,365
$2,344
$1,862
$1,378
$1,226
$1,145
$0
$1,400
$2,800
$4,200
$5,600
Median Rent
Red Deer Rent Prices More Affordable Than Major Cities
Rent growth in Red Deer over the past year has been
declining. When compared to major cities nearby, along
with some of the most expensive cities in the country, Red Deer average rent prices appear to be
relatively affordable for local residents.
The price for a Red Deer one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Red Deer and surrounding area rent prices, take a look at the complete data set below.
Data set for Red Deer and suburbs
1 BR September
1 BR M/M % Change
2 BR September
2 BR M/M % Change
Methodology
Each month, using over 1 million Rentable listings across the United States, we calculate the median
1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To
avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and
property count thresholds.