ByeByeBaby
Active Member
Overall it's $1466; in the Downtown (CMHA area which includes Sunalta and portions of both the west and east Beltlines) it's $1,659 (13% higher) and in the Beltline (which includes LMR, Mission/Cliff Bungalow and Bankview E of 17th St) it's $1,599 (9% higher). The areas that are substantially below the CMA average are the Northwest (north of 16th Ave), Chinook and Fish Creek (the south central; bounded by the Elbow, Blackfoot/Bow River -- Chinook is the section north of Heritage). These are in the $1,350 range.Sort of related to urban development. Data from CMHC's latest report.
If thew price for Calgary seems a bit low, it's because it's the average prices for metro areas. Downtown or inner city areas might be higher.
I suspect a lot of this is that most of the purpose-built rental stock in Calgary is old. Citywide, rents for pre-1990 buildings are $1,300; for 1990-2005 buildings, it's $1,412, and for post-2005 buildings, it's $1,769. For brand new buildings (July 2019-June 2022), rents are $1,912 city wide, and $2,300-2,400 in the inner city. (Note that the brand new buildings are included in the post-2005 total, so I would expect 2005-2019 buildings to be somewhat lower perhaps in the $16xx range; unfortunately, I can't find totals of the numbers of units by age, which would help immeasurably.)
These are all 2 bedroom units in purpose built apartment rentals (except the brand new units, which is purpose built rental apartment and townhouse/rowhouse). You can get the CMHC report data tables here.