At a glance
- Opposite furnished vs unfurnished trends in Calgary
- Northeast Calgary saw the biggest drop in unfurnished one-bedroom rents (-7.00%) this month, with no increases for unfurnished units citywide. Meanwhile, furnished one-bedrooms in Calgary City Centre climbed (+3.58%), with no declines for furnished units anywhere in the city.
- Southeast Edmonton emerges as a rental hotspot.
- Average prices decreased for both furnished and unfurnished one-bedroom units across Edmonton this month. Average monthly rent prices for furnished one-bedroom units decreased (-0.22%) to $1,478/month, while prices for unfurnished one-bedroom units decreased by (-1.91%) to $1,353/month. Southeast Edmonton stands alone as prices have increased for all types of unfurnished units there this month.
- Edmonton’s rent rises YoY, while Calgary sees a decline
- In Edmonton, the average rent for an unfurnished one-bedroom unit increased by $92 YoY, reaching $1,353/month in March 2025, up from $1,261/month in March 2024. Meanwhile, Calgary saw a $111 decrease, with rents dropping from $1,664/month to $1,553/month over the same period.
Download The Latest Calgary and Edmonton Rent Reports
For the complete Calgary and Edmonton rent reports, download here.
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Average rent prices for unfurnished one-bedroom units have decreased in both Edmonton and Calgary. The Bank of Canada’s target overnight rate was recently lowered to 3.00% during an announcement on January 29th, which has been cause for cautious optimism throughout 2025. We’ll continue to monitor trends in both of these cities to see where Calgary and Edmonton‘s rent prices stand heading into the fall renting season.
Let’s take a look now at the current rental costs and overarching trends in Calgary and Edmonton for March 2025. Don’t forget, you can download the entire report as a one-page infographic PDF below.
Average rent across Calgary
This March, Calgary’s city-wide average monthly rent price for an unfurnished one-bedroom unit decreased $77, bringing the rate for an unfurnished, one-bedroom unit to $1,553.
Month-to-month rent change
This chart breaks down the percentage change in rent prices across all of Calgary’s quadrants between February and March 2025.
Northeast Calgary saw the largest month-to-month decrease (-7.00%) for one-bedroom unfurnished units, with no increases occurring this month for unfurnished units in Calgary. On the other hand, furnished one-bedroom units in Calgary City Centre saw an increase of (+3.58%), with no area seeing a decrease in price for one-bedroom furnished units this month.
Average unfurnished vs furnished rates
Unfurnished vs furnished rates in Calgary
Average rates for furnished one-bedroom units in Calgary rose while unfurnished prices decreased this month. Looking at the city as a whole, the average monthly rent for a furnished one-bedroom unit has increased by (+3.48%), renting for an average of $1,685 this month. Prices for unfurnished, one-bedroom units decreased this month by (-4.68%), to a new average cost of $1,553/month.
At present, furnished units cost an average of $132 more per month to rent than unfurnished units. This means that landlords are likely to earn a higher profit by renting their units furnished.
Average rent across Edmonton
This month, Edmonton’s rental rates for an unfurnished one-bedroom unit decreased by $27, bringing Edmonton’s average monthly rent price for an unfurnished one-bedroom unit to $1,353 per month, a decrease of $39 in the last six months.
Month-to-month rent change
This chart breaks down the percentage change in rent prices across all of Edmonton’s different sectors between February and March.
This March, the largest increase for unfurnished one-bedroom units occurred in West Edmonton by (+2.55%), Northeast Edmonton (-7.00%) saw the largest decrease in average prices for unfurnished units. Prices for furnished one-bedroom units in West Edmonton(-2.65%) saw the largest price decrease this month, while the largest increase occurred in Southwest Edmonton (+1.89%).
Unfurnished vs furnished rates in Edmonton
In Edmonton, average monthly rent prices for furnished one-bedroom units decreased (-0.22%) to $1,478/month, while prices for unfurnished one-bedroom units decreased by (-1.91%) to $1,353/month. As of March 2025, furnished units in Edmonton rent for an average of $125 more than unfurnished units. This indicates that landlords who can rent their units furnished would benefit from doing so, particularly if they plan to rent their units on a short-term basis.
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Looking for our full March 2025 Calgary & Edmonton Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.
Quadrant/Sector breakdown
To better understand each of these cities’ average rental prices, let’s break down both Calgary and Edmonton into their constituent quadrants/sectors. We’ll examine prices & trends for one-, two-, and three-bedroom units in each city for a more in-depth analysis.
Quadrant breakdown: Calgary
- Average prices have decreased for all one-bedroom unfurnished units in Calgary this month.
- Northeast Calgary was the only area to see prices decrease for two-bedroom furnished and unfurnished units this month.
- Prices increased across all one-bedroom furnished units in Calgary.
Sector breakdown: Edmonton
- Prices have increased for all types of unfurnished units in Southeast Edmonton this month.
- West and Southwest Edmonton were the only areas to see prices increase for one-bedroom unfurnished units this month.
- Downtown Edmonton is the most expensive area for three-bedroom unfurnished units, and Southeast Edmonton is the most expensive for one- and two-bedroom unfurnished units.
Downloadable resources
Download The Latest Calgary and Edmonton Rent Reports
For the complete Calgary and Edmonton rent reports, download here.
Rental resources for Alberta renters
You can read these comprehensive guides for more information on renting in Alberta and using liv.rent to streamline your rental process.
- FAQ: Landlord & tenant responsibilities in Alberta
- FAQ: Everything you need to know about rent deposits in Alberta
- The Complete User Guide To liv.rent For Landlords & Property Managers
- The Ultimate Renter’s Guide To Using liv.rent
Data collection methodology
Our monthly rent reports use data from our own liv.rent listings, as well as data our team manually collects from other popular listing sites – looking at available basement suites, apartments, condos, townhouses, semi-detached houses, and single-detached houses for each area.
When collecting this data, we do exclude luxury properties listed at over $5,000, as well as rooms for rent and shared accommodation. Investing in manual data collection means that we only consider the current month’s listing, since we can filter out duplicate listings and older ads that haven’t been removed.
Another key difference between our data collection methods and some government agencies like the CMHC is that we only include current asking rent prices. Many official reports will include data for entire buildings in their reports, which tends to skew numbers lower since many units are already occupied, and may be rent-controlled or rented for significantly lower than the current rates.
As we are a Canadian rental platform founded and based in Vancouver, we want to ensure that we’re providing a completely accurate depiction of the rental market in the cities we look at.
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June 2024 Metro Vancouver Rent Report
June 2024 Toronto Rent Report
June 2024 Calgary & Edmonton Rent Report
June 2024 Montreal Rent Report
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