If you’re trying to save on rent in Edmonton, a recent report from liv.rent highlights some areas worth considering.
The report provides rental insights for January across Calgary and Edmonton, including average rates for furnished and unfurnished units, and it’s especially helpful for Edmonton renters searching for a deal.
In January, the average rent for an unfurnished one-bedroom unit in Edmonton dropped by $28, bringing the monthly cost to $1,311 — a $16 decrease over the past six months.
liv.rent
When you break it down by neighbourhood, Downtown Edmonton saw the largest price increase in unfurnished one-bedroom rents (+1.14%), while West Edmonton (-6.54%) and Northwest Edmonton (-5.33%) had the biggest drops.
For furnished one-bedroom units, Downtown Edmonton was the only area with a price hike (+7.82%), while West Edmonton experienced the steepest decline (-3.09%).
Edmonton’s most expensive neighbourhood for renters is Southwest Edmonton, liv.rent reports, with the average one-bedroom unit renting for $1,387 monthly.
Following closely behind is Southeast Edmonton, at $1,373 per month, and Downtown, at $1,353.
liv.rent
If you’re looking to cut costs, the biggest bargains can be found in West Edmonton, where one-bedroom units rent for $1,219 monthly, followed by Northwest Edmonton ($1,237) and Northwest Edmonton (1,237).