There are many options for rental units available in Calgary including - apartments, houses, condos, townhouses, duplexes and shared accommodation. Consistently strong employment levels, high wages and a constrained supply of rental units contribute to the rising cost of rents in Calgary.
We know the supply is tight and we want to make it easier for both the landlord and renters. So place a rental listing with us and we will connect you to your next tenant!
In 2007, Calgary had a vacancy rate of 1.5%, up 1% from the 0.5% vacancy rate the year previous. While vacancy rates rose in all areas of the city in 2007, the northwest saw the largest increase at 2.7%, whereas Chinook, in the southwest near downtown, only recorded an increase of 0.3%.
Apartments are mostly found clustered in and around the downtown area. Areas such as the Beltline, the Downtown West End and the Downtown East Village continue to have the highest concentration of apartment buildings in the Calgary metro area.
In 2007, there were a total of 38,150 units in the rental apartments down 5.4% from the prior year when there were 40,333 total units. The decrease is largely attributed to the conversion of these rental properties to condominium ownership properties.
Rent Spot Statistics2
- Average rent for a studio is $1,167
- Average rent for a one bedroom apartment is $1,117
- Average rent for a two bedroom apartment is $1,409
- Average rent for a three bedroom apartment is $1,439
By Listing Type:
- Average rent for an apartment is $1,280
- Average rent for a house is $1,696
- Average rent for a condo is $1,684
- Average rent for shared accommodation is $636
1. CMHC Calgary Rental Statistics 2007
2. RentSpot.com statistics December, 2008
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