Rent is down in Edmonton, but the big picture tells a different story
The rental market in Edmonton certainly cooled off this summer, but if you zoom out, you’ll see that rent prices have increased quite a bit over the past couple of years.
Rentals.ca just released its August 2025 Rent Report, which compares rental costs across 60 cities in Canada.
According to the data, Edmonton ranks as the 52nd most expensive city in the country. The average rent for a one-bedroom apartment dropped 3.8 per cent year-over-year to $1,369, while two-bedroom apartments now average $1,745, a one per cent decrease from August 2024.
Over the longer term, however, Edmonton has seen some of the strongest rent growth in Canada. Since 2022, average prices have climbed 27 per cent, second only to Ottawa. In contrast, cities like Calgary and Toronto saw declines over the same two-year period, and Vancouver was the only major market where rents fell over both the past two and three years.
Rentals.ca
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Our neighbours to the south in Calgary now rank as the 42nd most expensive city to rent in, with the average one-bedroom dropping 8.8 per cent year-over-year to $1,689.
The 10 most expensive rental markets in the country were all located in B.C. and Ontario. North Vancouver took the country’s top spot, with a one-bedroom apartment costing an average of $2,630 monthly. That said, rent prices dropped in nine of those cities over the past year, with Sudbury being the exception.
After what the report described as a quiet summer of declining prices, average rents across Canada are now down 3.6 per cent from this time last year.