Average rent for a one-bedroom in Edmonton amounts to over $12,000 a year

A new rent report from Zumper has revealed that the average rent for a one-bedroom in Edmonton amounts to over $12,000 a year.

The Canadian Rent Report from Zumper saw Vancouver remain at the top of the list, with a one-bedroom going for a staggering $2,500 per month, with a two-bedroom landing at $3,500.

Edmonton could be found way down on the list at #21, with a one-bedroom coming to $1,020 per month, a 2% increase month-over-month and a 13% increase from January 2022 to January 2023.

You might also like:
• "The Last of Us" star Bella Ramsey just shared the cutest BTS photo from Alberta
• Gas is more than 60 cents cheaper per litre in Edmonton compared to Vancouver
• Controversial author Jordan B. Peterson is coming to Rogers Place

When you do the math, the average rent for an entire year in Edmonton at that price point would equate to $12,264.

Our friends to the south in Calgary saw one of the largest price increases out of any city in Canada, with a one-bedroom growing 3.9% last month to $1,610.

Zumper

Burnaby, BC, had the fastest-growing rent last month, climbing 4.1%, while Halifax, Nova Scotia, saw the largest monthly decline, dropping 5.3%.

The Zumper Canadian Rent Report analyzes rental data from hundreds of thousands of active listings across the country.

Listings are then aggregated on a monthly basis to calculate median asking rents for the top 23 most populous metro areas.