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February 2019 Rental Report

For the month of February 2019 Edmonton registered small improvement on our rental market. Part of the reason for this was the extremely cold month which though made it a slow month to fill vacancies, it also prevented people from shopping around for a better deal. Find out the average rent prices for Edmonton. 

With mortgage rates rising and the "stress test" preventing people from qualifying for a mortgage may be turning a better picture for rental property landlords. 

Below is an overview of average rental rates in different areas in Edmonton. 

 

                    Number of bedrooms               

 

1

2

3

Central Edmonton          

$850

$1100

1300

University

$900

$1100

-

West

$925

$1050

$1200

Terwillegar

$1050

$1300

$1600

NW

$850

$1175

$1500

NE

$825

$1000

$1200

Millwoods

-

$1050

$1175

Summerside

$1000

$1250

$1450