Rental Rates in Edmonton, AB
According to the Canada Mortgage and Housing Corporation Rental Market Report (Fall 2009) for Edmonton, the apartment vacancy rate across the Edmonton Census Metropolitan Area (CMA) increased to 4.5 per cent in October 2009 from 2.4 per cent in October 2008.
The average monthly rent for a two-bedroom apartment in new and existing structures in the Edmonton CMA was $1,015 this October, down from $1,034 in October 2008. Also as of their October 2009 report, the average rent for a Edmonton row townhouses is $1,081 with a vacancy rate of 4.0%.
Below are average rental rates for neighbourhoods in Edmonton:
| Apartments in Edmonton (October 2009) |
Available Units |
Vacancy Rate |
Studio |
1 Bedroom |
2 Bedroom |
3+ Bedroom |
| Edmonton City Averages |
59,040 |
4.5% |
$704 |
$841 |
$1,015 |
$1,180 |
|
|
|
|
|
|
|
| Downtown Edmonton |
11.847 |
4.6% |
$737 |
$882 |
$1,136 |
$1,327 |
| Hudson Bay Reserve |
4,295 |
7.2% |
$598 |
$752 |
$903 |
$1,026 |
| University |
6,361 |
2.0% |
$765 |
$895 |
$1,135 |
$1,223 |
| West Central |
3,026 |
5.1% |
$633 |
$812 |
$954 |
$1,140 |
| Jasper Place |
4,142 |
5.7% |
$644 |
$785 |
$946 |
$1,150 |
| West Jasper Place |
3,507 |
4.4% |
$751 |
$906 |
$1,058 |
$1,241 |
| South West |
7,299 |
3.0% |
$742 |
$880 |
$1,037 |
$1,242 |
| East Central |
2,412 |
5.2% |
$689 |
$815 |
$968 |
$1,018 |
| Millwoods |
1,926 |
4.2% |
$719 |
$870 |
$1,033 |
$1,284 |
| North Central |
4,521 |
4.8% |
$607 |
$759 |
$856 |
$993 |
| North East |
3,687 |
6.5% |
$654 |
$812 |
$984 |
$1,104 |
| Castle Downs |
3,687 |
6.5% |
$654 |
$812 |
$984 |
$1,104 |
| St Albert |
648 |
2.3% |
--- |
$895 |
$1,029 |
$1,206 |
*Hudson Bay Reserve - 101 Street on the east, 121 Street on the west, the North Saskatchewan River on the south, and 127 Avenue on the north.
Average Private Condo rents for Edmonton are:
| Private Condo Rentals (October 2009) |
Available Units |
Vacancy Rate |
Studio |
1 Bedroom |
2 Bedroom |
3+ Bedroom |
| Edmonton City Averages |
8,415 |
3.1% |
--- |
$965 |
$1,122 |
$1,295 |
|
|
|
|
|
|
|
| Central Edmonton |
5,000 |
1.9% |
--- |
$943 |
$1,197 |
$1,297 |
| Suburban Edmonton |
2,907 |
4.7% |
--- |
--- |
$1,003 |
--- |
| Other Metro* |
--- |
1.9% |
--- |
--- |
$1,001 |
--- |
*Other Metro includes St. Albert and Other Centres (Sturgeon County, Strathcona County, Leduc County, Parkland County