Monthly rent for purpose-built and condo apartments in Red Deer cost an average of $1,402 in July, according to the latest National Rent Report from Rentals.ca and Urbanation. ((Black Press file photo))Average monthly rent in Red Deer climbed slightly in July, according to the latest National Rent Report by Rentals.ca and Urbanation. So far this year, average Red Deer rents have reached a high of $1,462 in March. In July, Red Deer was tied with Saskatoon, near the top of the list of lowest average rent among the top 25 markets outside the six largest. Fort McMurray ($1,313) took first place, followed by Medicine Hat ($1,337), Lloydminster ($1,338), Saskatoon and Red Deer ($1,402), Regina, Sask.