Edmonton Rental Market Report: October 2026 | What Landlords Need to Know

Edmonton's rental market showed mixed movement in October 2026, with average asking rents for unfurnished one-bedroom properties increasing while furnished units experienced a slight decline.

According to the October 2026 liv.rent report, average unfurnished one-bedroom rent reached $1,274 per month, an increase of 1.60%, while furnished one-bedroom rents averaged $1,391, declining 0.55%.

For Edmonton landlords and rental property investors, these numbers highlight an important consideration: rental performance cannot be measured by citywide averages alone. Location, property size, and furnishing choices all influence how a rental property is positioned in the market.

Insert October 2026 liv.rent rental market report infographic here.

How Did Edmonton Rental Prices Change in October 2026?

October's results suggest that unfurnished one-bedroom asking rents recovered slightly following September's softer pricing.

The report shows that average unfurnished one-bedroom rent increased from $1,254 in September to $1,274 in October, representing a $20 monthly increase.

However, the longer-term comparison tells a different story. In October 2025, the corresponding average was $1,317, meaning October 2026 remains approximately 3.3% below the same month last year.

This distinction matters for landlords. A month-over-month improvement is encouraging, but it does not necessarily signal a sustained upward trend in rental prices.

Edmonton Unfurnished One-Bedroom Rental Trends

For property owners, the practical lesson is to evaluate rental pricing using current, comparable listings rather than relying on historical rental rates or isolated monthly changes.

Which Edmonton Neighbourhoods Have the Highest Asking Rents?

Rental prices vary substantially across Edmonton's six geographic sectors.

According to the October report, the average asking rents for unfurnished properties were:

Several details stand out.

Southeast Edmonton recorded the highest average asking rent for unfurnished one-bedroom properties, at $1,379 per month.

Southwest Edmonton had the highest average for unfurnished two-bedroom properties, at $1,690.

Downtown Edmonton led the three-bedroom unfurnished category, averaging $2,334 per month.

These differences demonstrate why neighbourhood-specific rental comparisons are essential. A property in southeast Edmonton may compete in a different pricing environment than a similar unit in the west or northeast.

For investors evaluating rental opportunities, understanding these distinctions can help establish realistic revenue expectations.

Are Furnished Rental Properties Earning More in Edmonton?

Furnished one-bedroom units continued to command higher average asking rents than unfurnished units in October.

At the citywide level, furnished one-bedroom properties averaged $1,391 compared with $1,274 for unfurnished units, a difference of $117 per month.

However, the premium is not consistent across every neighbourhood or property size.

Downtown Edmonton recorded an average furnished one-bedroom asking rent of $1,590, compared with $1,228 for an unfurnished unit.

In other sectors, the difference was considerably smaller.

For landlords considering whether furnishing a rental property is worthwhile, the higher advertised rent should be assessed against furniture purchases, replacement costs, maintenance, and the expected rental strategy.

A higher asking rent does not automatically produce a higher net return.

Property improvements and furnishing decisions should also be considered within a broader investment strategy. Understanding how professional renovations and maintenance protect rental property investments can help owners assess the long-term implications of property upgrades.

What Does the October Rental Report Mean for Edmonton Landlords?

The October report reinforces three considerations for property owners.

1. Competitive Pricing Requires Local Comparisons

Citywide averages provide useful context, but a rental property's individual characteristics and location determine which listings are truly comparable.

Landlords should consider current neighbourhood listings, available amenities, property condition, and unit size when developing their rental pricing strategy.

2. Short-Term Increases Should Be Interpreted Carefully

October's improvement in unfurnished one-bedroom rents follows several months of fluctuations.

Owners should avoid making long-term assumptions based on one month's movement. Reviewing broader trends can help support more realistic rental expectations.

3. Rental Income Must Be Evaluated Alongside Expenses

Even when advertised rents improve, vacancy periods, ongoing maintenance, and operating costs remain important considerations for investment performance.

Working with experienced property management professionals can help owners balance revenue goals with ongoing property expenses.

For example, Davies' in-house renovation team helps coordinate property improvements and maintenance work as part of a structured property management approach.

Similarly, understanding the importance of seasonal property maintenance in Edmonton can help owners plan for ongoing property care throughout the year.

How Professional Property Management Supports Better Rental Decisions

Understanding rental market trends is only one part of successful property ownership.

Setting a competitive rental rate, maintaining the property, coordinating repairs, and monitoring expenses all contribute to the long-term performance of a rental investment.

At Davies Property Management, we combine Edmonton rental market knowledge with established property management systems to help owners make informed decisions about their rental properties.

With 42 years of experience serving Edmonton property owners and five consecutive Consumer Choice Awards, including the 2027 award, Davies understands that professional property management involves much more than advertising a rental rate.

Learn more about our property management services for Edmonton rental property owners.

Frequently Asked Questions About Edmonton Rental Prices

What was the average one-bedroom rent in Edmonton in October 2026?

According to liv.rent, average asking rent was $1,274 for an unfurnished one-bedroom property and $1,391 for a furnished one-bedroom property.

Are Edmonton rental prices increasing?

Average unfurnished one-bedroom asking rents increased by 1.60% in October compared with September. However, they remained below October 2025 levels, indicating that a single month's increase should not be interpreted as a sustained market recovery.

Which Edmonton area had the highest one-bedroom asking rents?

Southeast Edmonton had the highest average unfurnished one-bedroom asking rent at $1,379. Downtown Edmonton had the highest furnished one-bedroom average at $1,590.

How can Edmonton landlords determine the right rental price?

A rental evaluation should consider current comparable listings, location, property size, condition, amenities, and the potential financial impact of vacancy.

Make Informed Rental Decisions with Davies Property Management

Understanding the Edmonton rental market is an important part of protecting a real estate investment.

Whether you're preparing to list a property, evaluating rental income, or reviewing your investment strategy, informed pricing decisions can make a meaningful difference.

Davies Property Management has spent 42 years helping Edmonton landlords navigate rental ownership through local expertise, professional systems, and practical property management experience.

Contact Davies Property Management to discuss your rental property and explore how professional management can support your investment goals.

Source: October 2026 Calgary & Edmonton Rent Report, liv.rent. All rental figures referenced in this article are drawn exclusively from the supplied report. Market figures represent reported asking rents and should not be interpreted as guaranteed rental income.