Alberta Rental Market Update – April 2025
Insights for Landlords in Calgary and Edmonton
As the Alberta rental market continues to evolve in 2025, staying informed on the latest trends is key for landlords looking to make smart decisions. Based on data from the Rentals.ca National Rent Report and the Liv.rent Alberta April 2025 Report, here’s a breakdown of what’s happening across the province—and what it means for you.
📊 Provincial Overview
- Alberta’s average rent for purpose-built and condo apartments is $1,721, down 0.4% year-over-year.
- Three-bedroom units have surged 5.6% year-over-year, now averaging $2,169.
- Over the last 5 years, rents for purpose-built units have grown by 38.5%.
🏙️ Edmonton Rental Trends
- Average Rent: $1,522 (up 1.0% YoY – Rentals.ca)
- Unfurnished 1-Bedroom: $1,545
Edmonton – Unfurnished Rental Prices
| Area | 1 Bedroom | 2 Bedroom | 3 Bedroom |
|---|---|---|---|
| Downtown | $1,373 | $1,740 | $2,016 |
| Northwest | $1,271 | $1,493 | $1,941 |
| Northeast | $1,271 | $1,493 | $1,941 |
| Southwest | $1,483 | $1,821 | $2,176 |
| Southeast | $1,604 | $1,755 | $2,513 |
Edmonton – Furnished Rental Prices
| Area | 1 Bedroom | 2 Bedroom | 3 Bedroom |
|---|---|---|---|
| Downtown | $1,380 | $1,634 | $1,978 |
| Northwest | $1,271 | $1,493 | $1,941 |
| Northeast | $1,271 | $1,493 | $1,941 |
| Southwest | $1,604 | $1,755 | $2,513 |
| Southeast | $1,520 | $1,970 | $2,495 |
🏙️ Calgary Rental Trends
- Average Rent: $1,915 (down 7.8% YoY – Rentals.ca)
- Unfurnished 1-Bedroom: $1,661
- Furnished 1-Bedroom: $1,685
Calgary – Unfurnished Rental Prices
| Area | 1 Bedroom | 2 Bedroom | 3 Bedroom |
|---|---|---|---|
| City Centre | $1,743 | $2,175 | $2,207 |
| Northwest | $1,465 | $1,797 | $2,511 |
| Northeast | $1,270 | $1,530 | $1,810 |
| Southwest | $1,388 | $1,720 | $2,264 |
| Southeast | $1,347 | $1,680 | $2,264 |
Calgary – Furnished Rental Prices
| Area | 1 Bedroom | 2 Bedroom | 3 Bedroom |
|---|---|---|---|
| City Centre | $1,961 | $2,808 | $2,818 |
| Northwest | $1,597 | $2,280 | $2,818 |
| Northeast | $1,211 | $1,551 | $1,954 |
| Southwest | $1,604 | $1,755 | $2,513 |
| Southeast | $1,520 | $1,970 | $2,495 |
💡 What This Means for Landlords
- Three-bedroom units are gaining popularity—perfect for families or multi-tenant setups.
- While Calgary rents are softening, it could be a good time to offer incentives or reposition your property for furnished or premium rentals.
- Furnished rentals consistently earn higher monthly rates across both cities.
- Long-term trends remain positive, making Alberta a strong place for ongoing investment.
If you're looking to price your rental properly, find qualified tenants faster, or get personalized advice, our team is here to help. Contact us today for a complimentary rental assessment.