Edmonton Economy · CMHC Secondary Rental Market Survey
Edmonton condo & suite rentals
Across the Edmonton CMA, rented condominiums sit at a 1.7% vacancy rate as of Fall (October) 2025 — 2.1 points tighter than purpose-built apartments, and a typical two-bedroom condo rents for about $1,655 a month. Roughly 36.6% of all condos in the region are rentals — the heart of the suited-home and condo investor's market.
Condo vacancy
1.7%
Fall (October) 2025 · −0.4 pts vs a year ago
vs purpose-built
3.8%
condos 2.1 pts tighter
2-bedroom condo rent
$1,655
+12.9% vs a year ago
Condos used as rentals
36.6%
of all condo apartments
Rented condo units
21,329
of 58,334 total
vs Vancouver
−43%
cheaper for a 2-bed condo
What this market is
The secondary rental market is housing that wasn't purpose-built to rent but is rented anyway — overwhelmingly individually-owned condominium apartments that owners lease out, plus rented houses and basement suites. It's a separate world from the purpose-built apartment buildings on the rents & vacancy page, and it's where most small Edmonton investors actually operate. CMHC surveys it once a year; the figures here are rented condos, where the data is solid.
Condos rent tighter than purpose-built apartments
Vacancy rate, Edmonton CMA, Fall (October) 2025 — the two rental markets side by side. A lower rate means less available supply and firmer rents.
Rented-condo rent by size
Average monthly rent for rented condominium apartments across the Edmonton CMA, Fall (October) 2025, by bedroom count.
Vacancy over time
Rented-condo vacancy against purpose-built apartments in the Edmonton CMA, one reading per year. Condos have run consistently tighter through the recent cycle.
Condo rent over time
Average two-bedroom rented-condo rent in the Edmonton CMA, year by year. Not adjusted for inflation.
Vacancy by condo-building size
Rented-condo vacancy by the size of the building the unit sits in, Fall (October) 2025. Smaller condo buildings tend to turn over differently than large towers.
The numbers behind the charts
Edmonton CMA rented-condo vacancy, purpose-built apartment vacancy, and average two-bedroom condo rent, by survey year.
| Year | Condo vacancy | Apartment vacancy | 2-bed condo rent |
|---|---|---|---|
| 2025 (latest) | 1.7% | 3.8% | $1,655 |
| 2024 | 2.1% | 3% | $1,466 |
| 2023 | 2.5% | 2.3% | $1,359 |
| 2022 | 4.1% | 4.1% | $1,426 |
| 2021 | 5.3% | 6.9% | $1,412 |
| 2020 | 4% | 6.8% | $1,372 |
| 2019 | 2.5% | 4.9% | $1,377 |
| 2018 | 4.2% | 5.3% | $1,392 |
| 2017 | 6.9% | 6.9% | $1,346 |
| 2016 | 6.8% | 7.1% | $1,377 |
| 2015 | 5.3% | 4.3% | $1,461 |
| 2014 | 2.3% | 1.7% | $1,179 |
| 2013 | 1.1% | 1.4% | $1,292 |
| 2012 | 2.5% | 1.7% | $1,286 |
| 2011 | 3.7% | 3.3% | $1,164 |
| 2010 | 5.2% | 4.1% | $1,050 |
How Edmonton compares to other big cities
Average two-bedroom rented-condo rent across major metros, Fall (October) 2025, most affordable first. Condo vacancy is shown alongside each.
How much of the condo stock is rented
Across the Edmonton CMA, about 36.6% of all condominium apartments — roughly 21,329 of 58,334 units — are used as rentals. The share by building size, Fall (October) 2025:
Edmonton condo & suite rentals — FAQ
What is the vacancy rate for rented condos in Edmonton?
As of the Fall (October) 2025 survey, the vacancy rate for rented condominium apartments in the Edmonton CMA was 1.7% — noticeably tighter than the 3.8% rate for purpose-built rental apartments. Rented condos and purpose-built apartments are two separate markets that CMHC surveys separately.
How much does it cost to rent a condo in Edmonton?
In Fall (October) 2025, average rents for rented condominium apartments in the Edmonton CMA were $979 for a studio, $1,323 for a one-bedroom, $1,655 for a two-bedroom and $1,735 for three or more bedrooms — about $1,502 on average.
Are rented condos more expensive than purpose-built apartments in Edmonton?
They rent for roughly the same. A typical rented condo averages $1,502 versus about $1,493 for a purpose-built apartment — but condos are harder to find, with vacancy at 1.7% against 3.8%.
What share of Edmonton condos are rented out?
About 36.6% of all condominium apartments in the Edmonton CMA are used as rentals — roughly 21,329 of 58,334 condo units. That makes rented condos a meaningful slice of the region's rental supply.
Is rent cheaper in Edmonton than in Toronto or Vancouver?
Yes, by a wide margin. A two-bedroom rented condo in Edmonton goes for about $1,655, versus $2,030 in Calgary, $2,891 in Toronto, $2,900 in Vancouver — roughly 43% less than Vancouver.
Does this include basement suites and suited homes?
Not reliably. CMHC's secondary survey publishes solid data for rented condominium apartments, but its "other secondary" categories — rented houses and accessory/basement suites — are suppressed for Edmonton (too few survey responses to report). So this page reflects rented condos; stand-alone basement-suite rents aren't captured in any official survey.
Is a rental condo a good investment in Edmonton?
The market data is supportive: low vacancy (1.7%), rents below comparable cities, and a large, established rental-condo base (36.6% of all condos). But these are market averages — whether a specific condo actually cash-flows after fees, taxes and financing is a property-level question, not a market one.
Where does this data come from and how current is it?
From CMHC's Secondary Rental Market Survey (its Condominium Apartment Survey), conducted in the fall and published by CMHC. The latest reference period is Fall (October) 2025. Figures are Edmonton CMA averages and are not adjusted for inflation, condo fees or unit quality.
About this data
These figures come from CMHC's Secondary Rental Market Survey — specifically its Condominium Apartment Survey, which measures condos that owners rent out — conducted each fall for the Edmonton CMA. They cover rented condominium apartments; CMHC's "other secondary" categories (rented houses, accessory and basement suites) are not reliably reported for Edmonton and are left out here rather than shown as zeros. "Average rent" reflects what tenants pay across rented condos and isn't adjusted for inflation, condo fees, or differences in size and quality. Because Statistics Canada does not re-host this survey, the data is refreshed manually about once a year; the latest here is Fall (October) 2025. For the larger purpose-built apartment market, see Edmonton rents & vacancy.
Sources & licence
- Source: Canada Mortgage and Housing Corporation (CMHC), Secondary Rental Market Survey (Condominium Apartment Survey), Fall (October) 2025. This information is reproduced and distributed on an "as is" basis with the permission of CMHC.
- Contains information licensed under the Open Government Licence – Canada.
Figures are CMHC Secondary Rental Market Survey results (the Condominium Apartment Survey) for the Edmonton CMA, reference period Fall (October) 2025, accessed via CMHC's Housing Market Information Portal. "Average rent" is the rent of occupied condominium units offered on the rental market, not adjusted for inflation, condo fees or unit quality. Estimates carry CMHC reliability codes (a = excellent to d = use with caution); cells with too few responses are suppressed and shown as not available — never zero. Other secondary-market dwellings (rented houses, accessory suites) are not reliably reported for Edmonton and are omitted. New results are released about once a year.
Content on this site does not constitute financial or investment advice. Trevor Tardif is a licensed REALTOR® with REAL Broker AB Ltd, Edmonton, Alberta.
Looking at a condo or suited home to rent out?
The market backdrop is friendly — but condo fees, special assessments, and the actual rent a specific unit commands decide whether it cash-flows. I'll run the real numbers on a specific property before you commit.