At a glance
- As of April 2023, an unfurnished, one-bedroom unit in Calgary now rents for an average of $1,576 following an $18 increase in the city’s rent prices.
- Average rent prices for an unfurnished, one-bedroom unit fell in Edmonton this month, by $79 to a new average of $1,044.
- Prices for unfurnished one-, two-, and three-bedroom units all fell on average for Downtown, Northeast, Northwest, and West Edmonton.
Looking for our full April 2023 Calgary & Edmonton Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.
This April, average rent prices for an unfurnished, one-bedroom unit increased slightly in Calgary while falling considerably in Edmonton. Though rental rates in Calgary in particular continue to climb higher, both of these Alberta cities still have rent prices well below other Canadian cities we report on, such as Vancouver and Toronto. We’ll continue to monitor trends in these cities to see where Calgary and Edmonton‘s rent prices end up by year’s end, amid the backdrop of inflation and higher mortgage rates.
Founded in 2015, liv.rent is Canada’s safest rental platform and all-in-one landlord productivity tool. We publish monthly Rent Reports for Vancouver, Toronto, Montreal – and now Calgary and Edmonton as well. After receiving a number of requests, we’ve expanded our reports to Alberta – looking at data from our own liv.rent listings as well as from other popular listing sites in the area. For more information on how we gather data for our Rent Reports, please consult our Data collection methodology.
We’ve recently published our 2022 Canada-wide Annual Rent Report with even more rental data and statistics, including overarching trends and predictions for the year ahead. You can download your copy here.
Let’s take a look now at the current rental costs and overarching trends in Calgary and Edmonton for April 2023. Don’t forget, you can download the entire report as a one-page infographic PDF below.
Download The Latest Calgary and Edmonton Rent Reports
For the complete Calgary and Edmonton rent reports, download here.
Average rent across Calgary
For the third consecutive month, Calgary’s average rent prices for an unfurnished, one-bedroom unit have increased. Between March and April 2023 the city’s rental rates rose by $18. This increase means that as of April 2023, an unfurnished, one-bedroom unit now rents for an average of $1,576.
Average unfurnished vs. furnished rates
Unfurnished vs. furnished rates in Calgary
While rates for unfurnished units rose, prices for furnished, one-bedroom units in Calgary have fallen on average this April. For the city as a whole, the average monthly rent for a furnished, one-bedroom unit is now $1,799, while unfurnished, one-bedroom units now rent for an average of $1,576 per month – a +1.18% increase from March. This $223 difference in price means that landlords can earn a considerably higher profit by renting their units furnished, whereas renters will be able to save on rent by bringing their own furniture.
Average rent across Edmonton
Edmonton’s city-wide average rent prices for unfurnished, one-bedroom units have fallen by $79 this April. This brings the city’s rental rates to $1,044 after briefly rising back above $1,100 last month, resuming a gradual downward trend.
Unfurnished vs. furnished rates in Edmonton
In Edmonton, average monthly rent prices fell for both furnished and unfurnished, one-bedroom units this month. This April, furnished units in Edmonton rent for an average of $1,246 per month, while unfurnished, one-bedroom units rent for an average of $1,044. This $202 difference 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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Quadrant/Sector breakdown
To get a better sense of these cities’ average rental prices, let’s now break down both Calgary and Edmonton into their constituent quadrants/sectors. We’ll examine prices for one-, two-, and three-bedroom units, as well as divide each up into unfurnished and furnished for more accurate analysis.
Quadrant breakdown: Calgary
Unfurnished units
- City Centre once again had the most expensive two-, and three-bedroom unfurnished units this month.
- Prices for one-, two-, and three-bedroom, unfurnished units all fell in Southwest Calgary
- For the second straight month, Northeast Calgary had the least expensive one-, two-, and three-bedroom, unfurnished units.
Furnished units
- For the fifth consecutive month, City Centre had the most expensive one-, two-, and three-bedroom, furnished units, on average.
- Prices rose across the board for furnished one-, two-, and three-bedroom units in City Centre this April.
- Northeast Calgary had the least expensive one-, two- and three-bedroom furnished units this month.
Sector breakdown: Edmonton
Unfurnished units
- Prices for unfurnished one-, two-, and three-bedroom units all fell on average for Downtown, Northeast, Northwest, and West Edmonton.
- Southeast Edmonton had the most expensive one-bedroom, unfurnished units this month, while Downtown had the most expensive two-bedroom units and Southwest had the most expensive three-bedroom units.
- The average monthly rent in West Edmonton for a one-bedroom, unfurnished unit dropped below $1,000 this April, to $977.
Furnished units
- Northeast Edmonton had the least expensive one-bedroom, furnished units this month.
- Downtown Edmonton had the most expensive one-bedroom, furnished units this April.
- West Edmonton had the most expensive three-bedroom, furnished units this month.
Downloadable resources
Make Zoom calls fun and informative when you use the latest rental averages and trends as your virtual background.
Free Virtual Backgrounds: Download Here
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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Subscribe to receive these monthly updates on the Vancouver rental market. Discover last month’s Rent Reports below:
March 2023 Metro Vancouver Rent Report
March 2023 Toronto Rent Report
March 2023 Calgary & Edmonton Rent Report
March 2023 Montreal Rent Report
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