Calgary’s rental market is cooling off in 2025, with average rents down 9.2% year-over-year. This marks one of the steepest declines in the country and places Calgary as a more affordable option compared to many other Canadian cities.
Calgary’s Current Rental Prices
- 1-bedroom units: Average $1,670
- 2-bedroom units: Average $2,000
These rates now position Calgary at #14 on the list of Canada’s most expensive rental markets, well behind Toronto and Vancouver where rent prices continue to dominate the charts.
Why Are Calgary Rents Dropping?
The decline comes amid a broader national trend. Canada has now seen 10 straight months of annual rent declines, driven by several key factors:
- Increased housing supply – New rental units and housing completions have eased pressure on the market.
- Slower population growth – A slight cooling in migration and demographic shifts have reduced demand.
- Affordability challenges – Renters are more cautious as overall living costs rise, creating downward pressure on rents.
What This Means for Renters
For tenants, Calgary’s rental market shift represents an opportunity. With prices trending lower, renters can now access more space and value compared to other major cities. Calgary’s affordability, paired with its growing job market and lifestyle advantages, makes it an attractive option for those seeking stability in 2025.
Bottom Line
While many Canadian cities continue to struggle with rental affordability, Calgary stands out as one of the few markets where rents are trending downward. With one-bedroom apartments averaging $1,670 and two-bedrooms at $2,000, renters may find Calgary to be one of the best places for affordability and opportunity this year.
Canada Housing Market 
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