Edmonton Rental Market Report
What rents are actually doing across Edmonton and the Capital Region right now, written for owners, not headlines. Updated every quarter from CMHC data, Rentals.ca, Zumper, liv.rent, public listings, and our own placement activity.
At a glance
Avg 2-bed asking rent (Edmonton)
$1,550
CMA vacancy rate
3.4%
Avg days to lease
24
Asking rent change (12mo)
-1.2%
What this means for owners
Edmonton is rebalancing. Pricing and presentation matter more than they did a year ago.
CMHC pegged the Edmonton CMA vacancy rate at 3.4% in its latest annual report, up roughly a full point from the cycle low. Asking rents on Rentals.ca and liv.rent are down about 1 to 2% year over year, with new purpose-built supply in Downtown and Oliver doing most of the pulling. Edmonton is still the most affordable of Canada's six largest rental markets.
The owners winning right now are pricing to actual comps (not to last year's number), presenting clean and photographed properly, and screening every applicant carefully even when the inbox is full. Quality units in established neighborhoods still lease in 2 to 3 weeks. Overpriced or tired units sit for 6 weeks or more, and every empty month is a full month of rent gone.
Average asking rents
City-wide ranges. Neighborhood matters a lot, see the breakdown below.
| Unit type | Low | Typical | High | YoY change |
|---|---|---|---|---|
| Studio | $900 | $1,050 | $1,250 | -1.8% |
| 1 bedroom | $1,100 | $1,240 | $1,450 | -1.5% |
| 2 bedroom | $1,375 | $1,550 | $1,850 | -1.2% |
| 3 bedroom | $1,750 | $1,950 | $2,300 | -0.6% |
| 4+ bedroom (house) | $2,100 | $2,400 | $2,950 | -0.4% |
2 bedroom rents by area
Asking range for a typical 2 bedroom unit. Detached homes and renovated units push to the top of each range.
Windermere / Ambleside
$1,900 - $2,250
New build family demand, supply catching up
Glenora / Crestwood
$1,800 - $2,150
Tight inventory, premium tenants
Garneau / Strathcona
$1,600 - $1,950
University corridor, steady leasing
Oliver / Downtown
$1,400 - $1,800
New supply pulling asking rents lower
Bonnie Doon / Holyrood
$1,450 - $1,750
Solid mid-market demand
Mill Woods
$1,350 - $1,600
Family-driven, long tenancies
Castle Downs / Clareview
$1,200 - $1,450
Cash-flow friendly for owners
St. Albert
$1,650 - $2,000
Suburban families, low turnover
Sherwood Park
$1,600 - $1,950
Refinery Row commuters
Spruce Grove
$1,450 - $1,750
Steady, affordability advantage
Leduc / Nisku
$1,400 - $1,700
Airport and corporate demand
Beaumont
$1,550 - $1,850
Newer stock, family tenants
Methodology
How we put this together
- CMHC Rental Market Report for official vacancy rates and purpose-built rental averages.
- Rentals.ca and Zumper monthly reports for asking-rent benchmarks across Canadian metros.
- Active and recently leased listings from public Edmonton rental listings, sampled by neighborhood.
- RiverCity placement activity: actual leased rents, days on market, and applicant counts from our portfolio.
All figures are estimates based on publicly available sources and our internal data as of May 2026. Your specific property will vary.
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