Rent by size
| Size | Average rent | Income at 30% |
|---|---|---|
| 1 bedroom | C$1,199 a month | C$47,960/yr |
| 2 bedrooms | C$1,457 a month | C$58,280/yr |
| 3+ bedrooms | C$2,026 a month | C$81,040/yr |
The rental market in Wood Buffalo
CMHC surveys purpose-built rental apartments and townhouses in buildings with three or more units every October. The median rent was C$1,369, meaning half of surveyed units rented for less. The vacancy rate was 13.2%. The survey covers about 3,330 rental units here. Rents for condos and houses rented by individual owners are often higher and are not included.
What this means for your budget
Average rents mix older and newer homes, so a newly listed home often costs more than the average. Use this figure as a benchmark when you compare listings, and budget for deposits and fees on top. The 30% rule is a simple guide, not a lender's or landlord's requirement; many landlords use their own income checks.
Other areas in Alberta
Frequently asked questions
What is the average rent in Wood Buffalo?
The average rent for a purpose-built rental apartment or townhouse in Wood Buffalo, Alberta was C$1,426 a month in October 2025, according to CMHC's Rental Market Survey, with a vacancy rate of 13.2%.
How much do I need to earn to rent in Wood Buffalo?
To keep the average rent of C$1,426 a month at 30% of gross income, a common affordability rule of thumb, you would need about C$57,040 a year before tax.
How much is a 1 bedroom in Wood Buffalo?
1 bedroom: C$1,199; 2 bedrooms: C$1,457; 3+ bedrooms: C$2,026 a month, based on October 2025 data.
Source: CMHC Rental Market Survey, October 2025, published December 2025. Figures for October 2025, shown as published. Rents are in Canadian dollars. Our data.