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, public listings, and our own placement activity.
At a glance
Avg 2-bed rent (Edmonton)
$1,650
City vacancy rate
2.4%
Avg days to lease
18
Asking rent growth (12mo)
+3.8%
What this means for owners
Edmonton is a landlord's market right now, but discipline matters more than ever.
Vacancy is sitting near 2.4%, the tightest it's been in over a decade. Quality units in established neighborhoods are leasing in under 3 weeks. Rent growth is positive but moderating, the easy 6%+ years are behind us.
The owners winning right now are pricing to comps (not to last year's number), presenting clean and photographed properly, and screening tighter than the vacancy rate suggests they need to. A vacant unit costs you 1 month of rent for every 30 days empty. A bad tenant costs 6 months minimum.
Average asking rents
City-wide ranges. Neighborhood matters a lot, see the breakdown below.
| Unit type | Low | Typical | High | YoY change |
|---|---|---|---|---|
| Studio | $950 | $1,100 | $1,300 | +2.1% |
| 1 bedroom | $1,150 | $1,300 | $1,500 | +3.4% |
| 2 bedroom | $1,450 | $1,650 | $1,900 | +4.1% |
| 3 bedroom | $1,800 | $2,050 | $2,400 | +4.6% |
| 4+ bedroom (house) | $2,200 | $2,550 | $3,100 | +5.2% |
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
$1,950 - $2,300
New build family demand
Glenora / Crestwood
$1,800 - $2,200
Tight inventory, premium tenants
Garneau / Strathcona
$1,650 - $2,000
University corridor, fast leasing
Oliver / Downtown
$1,500 - $1,900
New supply moderating gains
Bonnie Doon / Holyrood
$1,500 - $1,800
Solid mid-market demand
Mill Woods
$1,400 - $1,650
Family-driven, long tenancies
Castle Downs / Clareview
$1,250 - $1,500
Cash-flow friendly for owners
St. Albert
$1,700 - $2,050
Suburban families, low turnover
Sherwood Park
$1,650 - $2,000
Refinery Row commuters
Spruce Grove
$1,500 - $1,800
Steady, affordability advantage
Leduc / Nisku
$1,450 - $1,750
Airport / corporate demand
Beaumont
$1,600 - $1,900
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 April 2026. Your specific property will vary.
Want a number for your property?
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