Alberta renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Alberta is about $582 per month. This puts it in the 20th percentile compared to the state average cost of rent, which is $964. Households in Alberta have a median income of $1,641 per month so the average renter in Alberta is spending roughly 35% of their earnings on housing.
Nationally, and in Alberta, home values are the data point most closely correlated with the cost of rent. The median price of a home in Alberta is $54,341 right now, which is lower than nearby cities, meaning that rents in Alberta also tend to be lower versus these nearby cities.
Higher rent prices are common in the northern parts of Alberta while lower rent rates are often available in central areas.
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