Alberta city seeing the second-largest jump in rent prices in Canada
As for Albertaās other major housing markets, Calgary was the most expensive spot with an average one-bedroom rent of $1,531, followed by Edmonton at $1,302, and Red Deer with its one-bedroom rent price of $1,282.
At the other end of the scale, smaller Alberta markets remained the most affordable. While it saw the largest month-over-month increase, Lloydminster, which Rentals.ca says includes listings from both the Alberta and Saskatchewan sides of the city, recorded the lowest average one-bedroom rent at $1,090, followed by Fort McMurray at $1,165, and Medicine Hat at $1,240.
The data shows that rent prices cooled across much of the country. The average asking rent for purpose-built and condominium apartments fell 2.4 per cent year-over-year to $2,035 in February 2026.Ā
Out of all the provinces, Alberta recorded the largest annual decline, down 4.4 per cent to an average total rent price of $1,656, followed by Ontario and British Columbia.
You can view the full report online.