Neighborhood GuideUpdated October 2025
Sherwood ParkRent Prices & Trends
Comprehensive rental market data and pricing trends for Sherwood Park, Edmonton
Calculate Your Fair Rent
Use our ML-powered calculator to see if you're paying fair market rent in Sherwood Park
Calculate Fair RentAverage Rent
$1,841
per month
↑6.9%vs last year
Vacancy Rate
5.4%
Balanced
Average Rent by Bedrooms
1 BR$1,572/mo
2 BR$2,164/mo
3 BR$1,692/mo
Average Rent by Property Type
House$2,426/mo
Townhouse$2,117/mo
Duplex$1,947/mo
Condo Unit$1,809/mo
Main Floor$1,604/mo
Basement$1,160/mo
Historical Rent Trends
| Year | Avg Rent | YoY Change | Vacancy |
|---|---|---|---|
| 2010 | $1,174 | — | 0.4% |
| 2011 | $1,221 | +4.0% | 4.0% |
| 2012 | $1,164 | -4.7% | 0.1% |
| 2013 | $1,245 | +7.0% | 0.4% |
| 2014 | $1,297 | +4.2% | 0.8% |
| 2015 | $1,350 | +4.1% | 2.7% |
| 2016 | $1,307 | -3.2% | 3.7% |
| 2017 | $1,399 | +7.0% | 8.3% |
| 2018 | $1,390 | -0.6% | 8.1% |
| 2019 | $1,499 | +7.8% | 12.8% |
| 2020 | $1,469 | -2.0% | 2.7% |
| 2021 | $1,519 | +3.4% | 0.5% |
| 2022 | $1,598 | +5.2% | 0.2% |
| 2023 | $1,722 | +7.8% | 2.0% |
| 2024 | $1,841 | +6.9% | 5.4% |