Why Calgary’s Rental Market Is Booming — and What It Means for You

by Justin Warthe

Why Calgary’s Rental Market Is Booming — and What It Means for You

August 25, 2025

Calgary’s rental landscape is heating up—and fast. Driven by soaring demand, limited vacancy, and shifting buyer preferences, the rental market is shaping up to be one of the most compelling stories in local real estate this year.

Calgary’s Rental Market by the Numbers

Calgary experienced one of the fastest population growth rates in Canada, fueling strong rental demand.
Vacancy rates for apartments remain extremely tight, with some neighbourhoods close to zero.
Average rents have climbed steadily, with two-bedroom units in high-demand areas now reaching well above city averages.
New construction is underway, but the rental supply is still lagging behind demand, particularly in central and suburban growth communities.

What’s Driving This Rental Surge

Population Growth
A steady flow of new residents relocating from more expensive Canadian cities is boosting rental demand citywide.
Tight Vacancy Rates
Near-zero vacancy in several Calgary communities means renters face limited choice, leading to increased competition and rising rents.
Investor Momentum
Build-to-rent developments and infill properties are gaining traction. With strong rental yields, Calgary continues to attract investors seeking stable returns.
Neighbourhood Appeal
Transit-friendly, walkable communities like Beltline, East Village, and Bridgeland are especially attractive to both renters and investors.

What This Means for Different Market Players

For Buyers

If you’re considering entering the property market, focus on neighbourhoods with strong rental potential. Many areas in Calgary are delivering excellent long-term investment opportunities.

For Sellers

If your property is in a rental-friendly zone—especially near transit or amenities—you’re in a strong position. Highlight features like easy maintenance, modern layouts, and tenant-ready upgrades to attract investors.

For Investors

Calgary’s rental market offers some of the best opportunities in Canada right now. Build-to-rent and infill developments are showing excellent returns while benefiting from stable tenancy.

For Renters

Expect higher competition and rising costs, especially in central or in-demand suburban areas. Planning early and acting quickly will be key to securing the right rental home.

Calgary Rental Market at a Glance

Factor	What It Means for You
Low Vacancy	Rents are rising; competition for rentals is intense.
Population Growth	Steady inflow ensures long-term demand and market resilience.
High Rental Yields	Attractive conditions for investors and landlords.
New Developments	More supply is coming, but not enough to meet growing demand.