After a long stretch of steady rent increases, Edmonton renters are finally catching a bit of a break as prices continue to cool heading into winter.

According to the latest rent report from Rentals.ca, Edmonton ranks as the 53rd most expensive Canadian city for renters, with a one-bedroom unit averaging $1,336, a 3.6 per cent decrease compared to the previous month, and a 5.8 per cent price drop compared to this time last year.

A two-bedroom apartment in Edmonton now costs $1,700 per month, down 2.1 per cent from last month and down 2.6 per cent from a year ago.

The trend has been seen across Canada. Nationally, rents declined year-over-year for the 13th straight month, Rentals.ca reports, noting a possible softening in declines (-2.2 per cent) in October.

“Rental demand continued to

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