Year-over-year rent costs have gone up in Red Deer, according to the latest National Rent Report.

The latest National Rent Report, from Rentals.ca and Urbanation, was released this week. Despite the average asking rent for residential properties in Canada decreasing year-over-year in August, Red Deer saw a minor increase in rent costs for both one-bedroom and two-bedroom apartments and condos.

The average rent for a one-bedroom apartment or condo was $1,295 in August 2025, which is a 2.8 per cent increase from August 2024. The cost of a two-bedroom apartment or condo was $1,495 last month, which was a 0.4 per cent increase from August 2024.

Of the 60 municipalities listed in the report, Red Deer has the sixth cheapest average rent for one-bedroom apartments or condos, and the fifth chea

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