Edmonton’s Rental Revolution: Why Affordable Units Are Hotter Than Ever

Why Affordable Rentals Are Booming in Alberta Right Now

Alberta’s rental market is heating up—and it’s not the luxury high-rises getting the most attention. In 2025, it’s the affordable rentals in Edmonton and surrounding areas that are in highest demand. Driven by strong immigration, economic resilience, and cost-conscious renters, Alberta has become a magnet for people seeking better housing value.

Boardwalk REIT Reports Solid Growth in Alberta

Boardwalk Real Estate Investment Trust (REIT), headquartered in Calgary, owns over 12,500 rental units in Edmonton. In its most recent quarter, Boardwalk saw a 6.2% increase in Alberta-based revenue. CEO Sam Kolias credited this to “better than expected” immigration and their commitment to keeping rents within reach.

“We’re seeing strong demand because we’ve been doing everything we can to keep our rents as low as possible,” Kolias stated. He pointed to the affordability gap, noting, “Wallet size isn’t growing as fast as rents and housing inflation.”

Why Edmonton’s Rental Market Stands Out

Average rent with Boardwalk in Edmonton: $1,514/month
National rent average: Over $2,000/month
One-bedroom rents dropped 2.4%, down to $1,334/month
Interprovincial migration to Alberta continues to rise

Compared to high-cost markets like Toronto and Vancouver, resale homes in Edmonton and rentals remain notably more affordable. This price gap is a key driver for both newcomers and long-time Canadians moving to the province.

Investor Confidence Rises in Edmonton

Private equity firm Equiton has taken notice. Their recent acquisition of Central Tower (2610 109 St.) reflects growing investor confidence in Edmonton. “Demand keeps rising with interprovincial migration and urbanization trends,” said Ryan Donkers, VP of investments at Equiton.

Despite a wave of new supply—especially pre-construction homes in Edmonton—rental demand remains concentrated in affordable segments. Kolias warns that too much of the new inventory is high-end, where vacancy rates are higher and competition less intense.

What Lies Ahead for Edmonton’s Housing Market?

Boardwalk is responding strategically, selling two of its high-end properties—Insignia Tower and Imperial Tower—for a combined $65.1 million. Kolias also called for more rental support from governments to help boost occupancy in pricier units and maintain balance in the market.

Still, Edmonton continues to offer solid value for both renters and real estate investors. Whether you're searching for condos for sale in Edmonton or looking at resale townhomes in Edmonton, affordability remains a core strength of the city’s real estate landscape.

Conclusion

With strong immigration, stable job growth, and an unmatched affordability advantage, Alberta—and particularly Edmonton—is experiencing a rental resurgence. If you're considering investing or relocating, now is the time to explore the wide range of homes available in Edmonton.