Red Deer Offers Some of Canada’s Most Affordable Rents

Red Deer ranks as the fifth most affordable Canadian city for apartment and condo rentals, with an average rent of $1,395 per month. One-bedroom units average $1,280, down 3.6%, while two-bedroom units average $1,451, down 2.6%. Only Fort McMurray, Medicine Hat, Lloydminster, and St. John’s have lower rents. North Vancouver and Vancouver are the most expensive markets.