Comparison of Average Monthly Rents

Canada Mortgage and Housing Corporation conducts the Rental Market Survey every October and April (beginning in 2007) in all Census Metropolitan Areas and urban centres of 10,000 population or more.

Red Deer Average Apartment Rents	Oct 2008	Apr 2008	Apr 2007	Oct 2006	Oct 2005
Bachelor	$624	$570	$550	$531	$475
1 Bedroom	$736	$723	$665	$613	$557
2 Bedroom	$876	$866	$792	$732	$666
3 Bedroom and +	$1038	$1013	$906	$814	$764
Total	$818	$798	$734	$682	$620

*Readers should exercise caution when making comparisons between April 2007 and Oct 2006 as the findings could reflect seasonal changes rather than changes in rental market conditions.

Source: Canada Mortgage & Housing Corporation, October 2005, 2006, 2008, Spring 2007, 2008