May 2025 Calgary & Edmonton Rent Report

At a glance

• Calgary furnished vs. unfurnished rental gap grows to $204/month
  • A $204/month gap now separates furnished and unfurnished one-bedroom rentals in Calgary. Furnished units rose by (+7.05%) to an average of $1,736, while unfurnished units dipped slightly by (-0.83%) to $1,532/month.
• Prices soar (+9.90%) this May in Southwest Calgary
  • Southwest Calgary saw the biggest price jump this May, with furnished one-bedroom units climbing (+9.90%), the highest increase among all city quadrants. Meanwhile, Calgary City Centre posted the only decline in furnished one-bedroom unit prices at (-0.22%). For unfurnished one-bedrooms, Southeast Calgary had the most significant increase in prices at (+2.02%), while the Northeast saw the sharpest drop at (-5.06%).
• Diverging trends in Calgary and Edmonton
  • In Edmonton, average monthly rent for furnished one-bedroom units dropped by (-4.56%) to $1,421, while unfurnished units saw a slight rise of (+1.44%) to $1,318/month. The opposite trend played out in Calgary, where furnished one-bedrooms rose by (+7.05%) to $1,736, and unfurnished units dipped by (-0.83%) to $1,532/month.

liv.rent’s 2025 Canada Rental Market Trend Report is now live! Explore the latest rental trends across Canada, uncover key factors driving price changes, and gain exclusive insights into how landlords and renters perceive the market nationwide. Download your copy here.

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 maintained at 2.75% during an announcement on April 16th, 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 summer rental season.

Let’s take a look now at the current rental costs and overarching trends in Calgary and Edmonton for May 2025. Don’t forget, you can download the entire report as a one-page infographic PDF below.

Average rent across Calgary

This May, Calgary’s city-wide average monthly rent price for an unfurnished one-bedroom unit decreased by $13, bringing the rate for an unfurnished, one-bedroom unit to $1,532/month.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across all of Calgary’s quadrants between April and May 2025.

Southeast Calgary saw the largest month-to-month increase (+2.02%) for one-bedroom unfurnished units, with Northeast Calgary seeing the most significant decrease at (-5.06%). On the other hand, furnished one-bedroom units in Southwest Calgary saw the largest increase of (+9.90%), with Calgary City Centre seeing the only decrease at (-0.22%).

Average unfurnished vs furnished rates

Unfurnished vs furnished rates in Calgary

Average rates for unfurnished one-bedroom units in Calgary dropped this month, while furnished units rose in price. Looking at the city as a whole, the average monthly rent for a furnished one-bedroom unit has increased by (+7.05%), renting for an average of $1,736 this month. Prices for unfurnished, one-bedroom units decreased this month by (-0.83%), to a new average cost of $1,532/month.

At present, furnished units cost an average of $204 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 increased by $18, bringing Edmonton’s average monthly rent price for an unfurnished one-bedroom unit to $1,318 per month, a decrease of $21 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 April and May.

This May, the largest increase for unfurnished one-bedroom units occurred in West Edmonton by (+2.18%), and Northwest Edmonton (-0.58%) saw the only decrease in average prices for unfurnished units. Prices for furnished one-bedroom units in West Edmonton (-5.66%) saw the largest price decrease this month, while the largest increase occurred in Southwest Edmonton (+5.83%).

Unfurnished vs furnished rates in Edmonton

In Edmonton, average monthly rent prices for furnished one-bedroom units decreased (-4.56%) to $1,421/month, while prices for unfurnished one-bedroom units rose by (+1.44%) to $1,318/month. As of May 2025, furnished units in Edmonton rent for an average of $103 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.

Looking for our full May 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 increased for all unfurnished units in Southeast Calgary this month and all furnished units in Southwest Calgary.
• Northeast Calgary had the lowest rental rates for all unfurnished units.
• Calgary City Centre had the highest rental rates for all types of unfurnished units as well as one- and two-bedroom furnished units.

Sector breakdown: Edmonton

• Northwest Edmonton was the only area to see prices decrease for one-bedroom unfurnished units.
• Prices increased for all types of unfurnished units in Southwest Edmonton this May.
• West Edmonton was the only area to see prices increase for two-bedroom furnished units this May.

Downloadable resources

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:

April 2025 Metro Vancouver Rent Report
April 2025 Toronto Rent Report
April 2025 Calgary & Edmonton Rent Report
April 2025 Montreal Rent Report