How Much Cost 2 Bedroom Apartment In Edmonton – Don’t Miss Out!

Key Takeaways:

• Average rent for a 2-bedroom apartment in Edmonton: $1,250 CAD per month
• Monthly cost can vary depending on location, amenities, and building age

Want to rent a cozy 2-bedroom apartment in Edmonton without breaking the bank?

My insights into the city’s rental market will help you navigate the costs and guide you towards affordable neighborhoods.

Discover insider tips for a hassle-free apartment hunt.

Edmonton Renting Costs for 2-Bedroom Apartments

In Edmonton, the average rent for a 2-bedroom apartment hovers around $1,200 per month, varying based on location, size, amenities, and time of year.

What is the average rent for a 2-bedroom apartment in Edmonton?

The average rent for a 2-bedroom apartment in Edmonton varies depending on factors like location, amenities, and building age.

According to recent market data, the average rent for a 2-bedroom apartment in Edmonton is approximately $1,200 to $1,800 per month, with some areas experiencing higher or lower averages.

What factors affect rent prices in Edmonton?

• Location: Proximity to amenities, public transportation, and desirable neighborhoods can significantly influence rent prices.
• Building type and age: Newer, well-maintained buildings and complexes often command higher rents than older ones.
• Unit size and amenities: Larger units with more bedrooms and bathrooms typically rent for more than smaller ones. In-suite amenities like laundry, parking, and balconies can also affect rent prices.
• Market conditions: Economic factors, job availability, and supply and demand dynamics can impact rent prices.

Location

Location plays a crucial role in determining rental costs for 2-bedroom apartments in Edmonton. Areas near the city center, with easy access to amenities and public transportation, tend to have higher rental rates compared to neighborhoods further away.

Proximity to major highways, schools, and recreational facilities also influences the rental prices.

Size of the apartment

The size of 2-bedroom apartments in Edmonton can vary depending on the location, age, and amenities of the building. Generally, these apartments range from 800 to 1,200 square feet, with some larger units reaching up to 1,500 square feet.

Amenities

Amenities in Edmonton’s 2-bedroom apartments vary widely.

Some common features include in-suite laundry, dishwashers, balconies, and parking.

Higher-end apartments may offer amenities like pools, fitness centers, and concierge services.

The availability and quality of amenities can significantly impact the rental cost.

Time of year

• Time of Year
• Rental costs for 2-bedroom apartments in Edmonton can vary depending on the time of year.
• Generally, prices tend to be higher during the summer months (June to August due to increased demand from students and professionals seeking temporary housing.
• Conversely, prices may be lower during the winter months (December to February due to decreased demand.

Supply and demand

Supply and demand play a fundamental role in determining the cost of 2-bedroom apartments in Edmonton.

When supply exceeds demand, rents tend to decrease as landlords compete for tenants.

Conversely, when demand exceeds supply, rents often rise as tenants compete for a limited number of available units.

Neighborhoods with Affordable 2-Bedroom Apartments in Edmonton

Northeast, Southeast, and Southwest Edmonton offer affordable 2-bedroom apartments.

Northeast Edmonton

Northeast Edmonton offers residents affordable 2-bedroom apartments while still maintaining proximity to the city center. The area boasts a diverse range of housing options, from cozy low-rise buildings to modern high-rises, catering to various preferences and budgets.

Its proximity to major transportation routes and amenities makes it a convenient choice for those seeking affordability without sacrificing accessibility.

Average rent: $900-$1,100 per month

For cost-conscious renters, Edmonton offers affordable options. Two-bedroom apartments typically range from $900 to $1,100 per month, making them accessible for those seeking a budget-friendly living arrangement.

These apartments provide ample space and essential amenities, catering to individuals and families alike.

Popular neighborhoods: Kilkenny, Mill Woods, and Clareview

Kilkenny, Mill Woods, and Clareview stand out as Edmonton’s most sought-after neighborhoods for affordable 2-bedroom apartments. Known for their family-friendly atmosphere, ample green spaces, and proximity to amenities, these areas offer a comfortable living experience at a reasonable cost.

Northwest Edmonton

Northwest Edmonton offers a diverse range of affordable 2-bedroom apartments, catering to various lifestyles and budgets. From family-friendly communities like Rosslyn and Griesbach to the vibrant atmosphere of Downtown and Oliver, there’s an apartment to suit every renter’s needs.

With its proximity to major amenities, excellent public transit, and beautiful parks, Northwest Edmonton provides a convenient and affordable living experience.

Average rent: $1,000-$1,200 per month

Rent for a two-bedroom apartment in Edmonton typically ranges from $1,000 to $1,200 per month, making it an affordable option for renters.

This price range is prevalent in various neighborhoods across the city, offering a wide selection of housing options to choose from.

Popular neighborhoods: Griesbach, Callingwood, and St. Albert

Griesbach, Callingwood, and St. Albert stand out as popular neighborhoods in Edmonton offering affordable 2-bedroom apartments.

Griesbach attracts young professionals with its urban vibe, Callingwood offers a blend of affordability and convenience, while St. Albert boasts a family-friendly atmosphere and proximity to amenities.

These neighborhoods provide a range of rental options at competitive prices, making them ideal for budget-conscious individuals and families.

Southeast Edmonton

Southeast Edmonton offers a mix of affordable living and easy access to amenities. Renters can expect to find two-bedroom apartments in the area for around $1,000 per month.

The neighborhood is home to several parks, schools, and shopping centers.

It’s also close to major roadways, making it easy to get around the city.

Average rent: $850-$1,000 per month

The average rent for a two-bedroom apartment in Edmonton ranges from $850 to $1,000 per month.

This makes Edmonton a relatively affordable city for renters, especially when compared to other major Canadian cities like Toronto and Vancouver.

Popular neighborhoods: Summerside, The Meadows, and Heritage Valley

Summerside, The Meadows, and Heritage Valley stand out as sought-after neighborhoods in Edmonton, offering affordable 2-bedroom apartments.

These vibrant communities boast an array of amenities, from lush parks and recreation centers to convenient shopping and dining options.

With excellent access to public transportation and major roadways, residents can seamlessly connect to the rest of the city.

Southwest Edmonton

Southwest Edmonton is a diverse and vibrant area with a mix of residential, commercial, and industrial developments.

Rental options are ample, including affordable 2-bedroom apartments.

The area is well-connected by public transportation and major roadways, making it convenient for residents to commute to work, school, or other destinations.

Average rent: $1,100-$1,300 per month

In Edmonton, the average rent for a two-bedroom apartment ranges from $1,100 to $1,300 per month.

This rental cost is predominant across various neighborhoods, offering renters an affordable option compared to other major cities in Canada.

The reasonable rental rates make it a suitable choice for individuals, couples, or small families seeking a comfortable living space without breaking the bank.

Popular neighborhoods: Windermere, Strathcona, and Glenora

Windermere, Strathcona, and Glenora stand out as sought-after neighborhoods in Edmonton, offering affordable 2-bedroom apartments. Windermere enchants with its proximity to the river valley and scenic views, while Strathcona exudes charm with its historic architecture.

Glenora captivates with its green spaces and family-friendly atmosphere.

These neighborhoods promise a harmonious blend of affordability and lifestyle.

Tips for Finding a 2-Bedroom Apartment in Edmonton

When hunting for a 2-bedroom apartment in Edmonton, act fast and be adaptable.

Start your search early.

Begin your apartment search well in advance to secure your preferred unit. Edmonton’s rental market is competitive, so starting early allows ample time to compare options, schedule viewings, and submit applications before the best units are taken.

Be prepared to compromise.

Be prepared to compromise on your ideal apartment to find one that fits your budget and needs.

Consider trade-offs like location, amenities, or square footage to expand your options and increase your chances of securing a suitable 2-bedroom apartment in Edmonton.

Consider a roommate.

When apartment hunting, consider finding a roommate to share expenses.

This can significantly reduce your monthly rent and utility costs, making it more affordable to live in a 2-bedroom apartment in Edmonton.

Additionally, having a roommate can provide companionship and create a more vibrant living environment.

Use a rental search website or app.

Rental search websites and apps are invaluable tools for finding a 2-bedroom apartment in Edmonton. These platforms allow you to search for available units based on specific criteria such as location, price range, amenities, and pet-friendliness.

They also provide detailed information about each listing, including photos, floor plans, and contact information for landlords or property managers.

Contact a real estate agent.

Contact a real estate agent to assist in your search for a 2-bedroom apartment in Edmonton.

Their expertise and connections can provide valuable insights, helping you find suitable options that align with your needs and budget.

Real estate agents can guide you through the rental process, ensuring a smooth and stress-free experience.

Frequently Asked Questions

How much is rent for a 2-bedroom apartment in Edmonton?

The average rent for a 2-bedroom apartment in Edmonton varies depending on the neighborhood and amenities offered.

Typically, monthly rent can range from $1,200 to $1,800, with some luxury apartments reaching up to $2,500 or more.

It’s advisable to research specific neighborhoods and compare rental rates before making a decision.

What is the average cost of a 2-bedroom apartment in Edmonton?

The average cost of a 2-bedroom apartment in Edmonton varies depending on the neighborhood, size, and amenities. However, the general range falls between $1,200 to $1,600 per month.

It’s important to note that these prices are subject to change based on market conditions and availability.

Where can I find a cheap 2-bedroom apartment in Edmonton?

To locate affordable 2-bedroom apartments in Edmonton, explore neighborhoods like Capilano, Strathcona, and Alberta Avenue.

These areas offer older, yet well-maintained buildings with reasonable rental rates.

Additionally, consider searching online platforms, local newspapers, and contacting property management companies for available units.

What are the best neighborhoods for 2-bedroom apartments in Edmonton?

Oliver, Westmount, and Strathcona offer charming 2-bedroom apartments in Edmonton. These neighborhoods provide a vibrant urban lifestyle with proximity to trendy cafes, shops, and parks.

Renters can expect modern amenities and easy access to public transportation.

What are the best rental search websites or apps for finding a 2-bedroom apartment in Edmonton?

For a smooth and efficient apartment search in Edmonton, consider utilizing reputable rental search websites such as RentFaster, Zumper, PadMapper, and Rentals.ca. These platforms offer user-friendly interfaces, detailed listings, and a wide selection of available rental properties, including 2-bedroom apartments.

Additionally, explore apps like liv.rent and Apartment Finder, known for their comprehensive listings and personalized recommendations based on your preferences.

Final Verdict

Renting a two-bedroom apartment in Edmonton offers a diverse range of options depending on location, size, amenities, and market dynamics.

On average, these units rent between $900 and $1,300 per month.

Neighborhoods like Northeast and Southeast Edmonton generally have more affordable options, while areas like Southwest and Northwest Edmonton tend to have higher rental rates.

By considering factors such as location, amenities, and personal preferences, renters can find a suitable two-bedroom apartment that meets their needs and budget in Edmonton’s vibrant and dynamic rental market.