Edmonton Rental Market Update: What August 2026 Rent Prices Mean for Landlords
Sep 1st, 2026
Edmonton rent prices moved higher in August, but the details reveal a market that still rewards careful pricing. Average asking rent for a one bedroom unfurnished rental reached $1,264 per month, up 2.25% from July. The average furnished one bedroom rental increased 1.08% to $1,413.
For Edmonton landlords, this is encouraging, but it does not mean every property can support a rent increase. Asking rents continue to vary significantly by location, bedroom count, furnishing, condition, and competition. A strong rental strategy begins with understanding where your property fits within the local market.
This Edmonton rental market update reviews the August 2026 figures and explains how landlords can use them to make better pricing, marketing, and management decisions.
The rental figures in this article come from the
August 2026 Calgary and Edmonton Rent Report
published by liv.rent.
Edmonton Rent Prices at a Glance
According to the August report:
- The average asking rent for a furnished one bedroom rental in Edmonton was $1,413, an increase of 1.08% from July.
- The average asking rent for an unfurnished one bedroom rental was $1,264, an increase of 2.25% from July.
- The average furnished one bedroom rented for $149 more per month than the average unfurnished one bedroom.
- Edmonton remained more affordable than Calgary, where the average was $1,576 for a furnished one bedroom and $1,465 for an unfurnished one bedroom.
These are asking rents for properties being advertised during the reporting period. They should be treated as a market benchmark rather than a guaranteed rental rate for an individual property.
Edmonton One Bedroom Rent Trends
The six month trend for unfurnished one bedroom rentals shows that Edmonton asking rents remained within a relatively narrow range during the spring and summer of 2026.
Month | 2026 Average | Previous Year |
|---|---|---|
March | $1,243 | $1,353 |
April | $1,241 | $1,300 |
May | $1,249 | $1,318 |
June | $1,253 | $1,302 |
July | $1,236 | $1,304 |
August | $1,264 | $1,301 |
August produced the highest average asking rent in this six month period, rising $28 from July. However, the August 2026 average remained $37 below the previous year’s August figure.
This combination matters. Edmonton rental demand supported a monthly increase, but the year over year comparison suggests landlords still need to remain realistic. Pricing a property based only on last year’s rent, or on the highest competing listing, can result in longer vacancy and weaker overall returns.
Landlords who want to understand the full financial effect of an empty rental can read our guide to the
hidden cost of rental vacancy in Edmonton
.
Average Unfurnished Rent by Edmonton Sector
Location continues to have a meaningful impact on Edmonton rent prices. The following asking rents were reported for unfurnished rentals in August 2026.
Edmonton Sector | 1 Bedroom | 2 Bedroom | 3 Bedroom |
|---|---|---|---|
Downtown | $1,232 | $1,630 | $2,298 |
Northeast | $1,274 | $1,534 | $1,793 |
Northwest | $1,231 | $1,561 | $1,997 |
West | $1,197 | $1,533 | $2,012 |
Southwest | $1,344 | $1,693 | $2,086 |
Southeast | $1,304 | $1,563 | $1,971 |
Southwest Edmonton recorded the highest unfurnished one bedroom average at $1,344, while West Edmonton recorded the lowest at $1,197. That creates a $147 monthly difference between the highest and lowest sector averages.
For two bedroom rentals, Southwest Edmonton again posted the highest average at $1,693. West Edmonton had the lowest at $1,533. Three bedroom averages ranged from $1,793 in Northeast Edmonton to $2,298 Downtown.
These differences show why a citywide average should never be the only number used to price a rental. Two similar homes can perform differently based on neighbourhood, transit access, parking, property condition, nearby amenities, utility arrangements, and the number of competing listings available at the same time.
Average Furnished Rent by Edmonton Sector
Furnished rentals generally achieved a premium in August, although the size of that premium varied considerably across Edmonton.
Edmonton Sector | 1 Bedroom | 2 Bedroom | 3 Bedroom |
|---|---|---|---|
Downtown | $1,710 | $2,255 | $2,721 |
Northeast | $1,341 | $1,614 | $2,220 |
Northwest | $1,324 | $2,083 | No data |
West | $1,341 | $1,664 | No data |
Southwest | $1,331 | $1,715 | $2,351 |
Southeast | $1,429 | $1,767 | No data |
Downtown had the highest reported furnished rents across all three bedroom categories, including $1,710 for a one bedroom and $2,255 for a two bedroom. This likely reflects the types of furnished inventory being advertised and the appeal of central locations to renters seeking convenience and flexible living arrangements.
The report did not contain sufficient furnished three bedroom data for Northwest, West, or Southeast Edmonton. Where rental data is limited, landlords should be especially cautious about using a single comparable to establish price.
Furnishing can support a higher asking rent, but it also introduces additional costs and responsibilities. Furniture quality, utilities, internet, lease length, turnover, and the needs of the target renter should all be considered before converting a conventional rental into a furnished property.
What the August 2026 Rental Data Means for Edmonton Landlords
1. Accurate pricing matters more than chasing the highest rent
The best asking price is not always the highest possible number. It is the price that attracts qualified renters while supporting the strongest overall return.
An extra $50 or $100 per month may look attractive, but it can quickly be offset if overpricing causes the property to remain empty. Rental pricing should consider current competing listings, recent enquiry activity, the property’s condition, included features, and seasonal demand.
Davies Property Management uses local market information and property specific insight to develop a competitive rental rate. Learn more about our approach to rental property marketing in Edmonton
2. The citywide average is only a starting point
Edmonton’s average unfurnished one bedroom asking rent was $1,264, but sector averages ranged from $1,197 to $1,344. A property’s neighbourhood and features can move its market value above or below the citywide figure.
A reliable rental assessment should compare the property with similar homes in the same area, not with every rental across Edmonton.
3. Strong presentation can improve a property’s competitive position
Renters compare more than price. Clean presentation, completed repairs, professional photos, clear listing details, and responsive communication all influence whether a prospect books a viewing or moves on to another property.
Effective marketing can help a well-priced rental stand out without depending on discounts. It can also attract a stronger pool of applicants, which supports better tenant selection.
4. Tenant quality remains more important than speed alone
Filling a vacancy quickly matters, but approving the wrong applicant can create much larger costs. Income verification, employment history, credit information, rental history, references, and other relevant factors should be reviewed consistently.
Our Edmonton tenant screening process is designed to help owners place qualified tenants while reducing avoidable risk.
How Professional Property Management Helps in a Changing Market
Market data is valuable, but acting on it takes time and local experience. Professional property management brings pricing, marketing, showings, applicant screening, leasing, rent collection, maintenance coordination, inspections, and financial reporting together under one system.
Davies Property Management has served Edmonton rental owners since 1984. Our team combines decades of local experience with practical systems designed to protect properties, reduce stress, and improve long term rental performance.
If you are comparing providers, our guide to choosing the best property management company in Edmonton explains what owners should look for beyond the monthly management fee. You can also review our full range of
residential property management services in Edmonton
.
Frequently Asked Questions About the Edmonton Rental Market
What was the average rent for a one bedroom apartment in Edmonton in August 2026?
The average asking rent was $1,264 per month for an unfurnished one bedroom and $1,413 for a furnished one bedroom, according to liv.rent’s August 2026 report.
Which Edmonton sector had the highest one bedroom rent?
Southwest Edmonton had the highest average for an unfurnished one bedroom at $1,344. Downtown had the highest furnished one bedroom average at $1,710.
Which Edmonton sector had the lowest unfurnished one bedroom rent?
West Edmonton had the lowest reported average at $1,197 per month.
Are Edmonton rents increasing?
Average asking rents increased from July to August 2026. Furnished one bedroom rents rose 1.08%, while unfurnished one bedroom rents rose 2.25%. However, the August unfurnished average remained below the previous year’s figure shown in the report.
How should I determine the right rent for my Edmonton property?
Start with current listings for comparable properties in the same area. Then account for the property’s size, condition, parking, amenities, utilities, furnishing, lease terms, and current competition. A local rental assessment can provide a more accurate recommendation than a citywide average alone.
Get a Rental Strategy Built Around Your Edmonton Property
The August 2026 Edmonton rental market data shows positive monthly movement, but successful rental ownership still depends on accurate pricing, effective marketing, careful tenant screening, and consistent management.
If you want to know how your property compares with current Edmonton rentals, Davies Property Management can help you evaluate its market position and build a practical management strategy.