Calgary tenants are catching a break compared to renters in other major Canadian centres, according to a new market analysis that places the city outside the top 10 most expensive rental markets nationwide.
A March report from Zumper.com examining 23 Canadian rental markets found Calgary ranked 13th for rental costs, offering relatively affordable housing options compared to pricier centres like Vancouver and Toronto.
The analysis revealed that Calgary's average monthly rent for a one-bedroom apartment sits at approximately $1,630, representing a modest two per cent increase from February but actually down one per cent compared to the same period last year.
For families seeking more space, two-bedroom units in Calgary average around $1,920 per month, showing minimal change from the previous month with less than one per cent variation, and down four per cent year-over-year.
Vancouver Continues to Lead Nation in Rental Costs
While Calgary offers relative affordability, Vancouver maintains its position as Canada's most expensive rental market. The West Coast city commands an average of $2,390 monthly for a one-bedroom unit, highlighting the significant cost advantage Calgary renters enjoy.
The findings suggest Calgary's rental market remains relatively stable, with year-over-year decreases in both one and two-bedroom categories indicating potential relief for local renters facing housing cost pressures.
For Albertans considering relocation within the province or newcomers evaluating housing options, Calgary's position outside the top 10 most expensive markets represents a competitive advantage in attracting residents and businesses to the city.
Information for this article was sourced from the Calgary Herald.
