August 21, 2014 3:02 pm
Updated: August 21, 2014 6:01 pm

Rental prices in Alberta continue to rise


CALGARY- New numbers show there is a huge discrepancy throughout the province when it comes to rental prices.

Statistics gathered by the Canada Mortgage and Housing Corporation show the average cost of a two bedroom apartment in Alberta is $1,190 per month, which is a $135 increase from 2012.

The most expensive place to rent? Wood Buffalo, where that same unit costs $2,061. That’s actually down from 2013, when a two-bedroom apartment cost $2,229 to lease.

Grande Prairie saw the largest increase year over year, jumping $142 from last year to an average of $1,173 per month. Prices in Calgary and Edmonton are hovering around the $1,200 mark.

Those looking for a deal will want to head south: places in Lethbridge are renting for an average of $884 per month, while Medicine Hat is the cheapest city overall at $739 per month.


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