Calgary Rental Market Update: September 2025

AspirePeak Properties
Oct 10
3 min read

How Calgary’s Cooling Rental Market Compares to Edmonton—and How AspirePeak Helps Landlords Succeed

After nearly three years of relentless rent increases, Calgary’s rental market has entered a new phase: stabilization and decline. According to the latest Rentals.ca data, average asking rents across Canada fell 3.2% year-over-year in September 2025, marking the twelfth consecutive month of declines. Calgary is at the forefront of this trend, with rents dropping even faster than most major cities—a shift that’s reshaping the landscape for both landlords and tenants.

Key Calgary Rental Market Data – September 2025

Average Rents Down: Calgary’s average apartment rent fell 7.4% year-over-year to $1,897, outpacing the national average and making it one of the largest declines among Canada’s six largest cities.
Unit Inventory: The market is well supplied, with 1-bedroom units making up 33.4% (2,721 units), 2-bedroom units at 45.5% (3,711 units), and 3-bedroom units at 21.1% (1,721 units).
Average Rents by Unit Type:
- 1 Bed: $1,587
- 2 Bed: $1,925
- 3 Bed: $2,191
Market Dynamics: The drop in rents coincides with record apartment completions, a softening job market, and slower population growth among non-permanent residents.

How Does Edmonton Compare?

While Calgary’s rent declines have been significant, Edmonton’s market shows a different dynamic:

Average Apartment Rent: Down 2.3% year-over-year to $1,573.
Inventory Mix: 1-bedroom units account for 34.9% (1,494 units), 2-bedroom units for 40.3% (1,723 units), and 3-bedroom units for 24.8% (1,060 units).
Three-Bedroom Rents: Unlike Calgary, where 3-bedroom rents dropped 10.5%, Edmonton saw a 4.9% increase, up to $2,035.

What’s Driving the Market Slowdown?

Several macro factors are at play:

Increased Supply: Record numbers of new apartments have hit the market, giving renters more options and reducing pricing power for landlords.
Weaker Demand: With fewer non-permanent residents and a softer job market, rental demand has cooled.
Secondary Market Pressure: Condo and house/townhouse rentals (secondary market units) have led the declines. Over the past two years, condo rents in Calgary dropped 4.7%, and house/townhouse rents fell 8.3%.
Shared Accommodations: Rents for shared units in Calgary dropped 8.4% to $850, while Edmonton saw a slight increase (+0.5% to $794).

Calgary vs. Edmonton: The Takeaway

Calgary is experiencing a sharper correction, particularly in larger units, but remains a key market for real estate investors due to its long-term growth fundamentals.
Edmonton shows more stability, especially in three-bedroom units, and remains one of Canada’s most affordable large cities for renters.

Rental Market Update for Calgary, AB as of September 2025

Looking Ahead

While the current trend favors renters, market fundamentals in Alberta—such as population growth and economic diversification—suggest that this may be a temporary correction. Landlords should focus on maximizing unit appeal, staying competitive on price, and leveraging expert property management to navigate this new landscape.

How AspirePeak Properties Helps Landlords Rent Out Their Properties in Calgary & Edmonton

In today’s competitive Alberta rental market, simply listing your property isn’t enough. AspirePeak Properties leverages a multi-channel marketing strategy, professional expertise, and advanced technology to ensure your rental stands out and gets leased quickly—at the best possible price, in both Calgary and Edmonton.

Strategic Rental Marketing Across Top Platforms

We maximize your property’s exposure by syndicating listings across the most effective rental sites and social platforms in Canada, including:

AspirePeak Properties - we don't just list, we position and launch

Comprehensive Landlord Support

Our landlord services go far beyond marketing:

Professional Photography & Virtual Tours: High-quality images and virtual showings attract more qualified tenants.
Optimized Listings: Every listing is crafted with SEO best practices and compelling copy to drive traffic and inquiries.
Tenant Screening: We perform thorough credit and background checks, ensuring only reliable tenants are placed.
Market Analysis & Pricing Guidance: Our experts analyze current market trends to help you set the right rental price, minimizing vacancy and maximizing ROI.
Responsive Communication: We handle all tenant inquiries, showings, and negotiations, saving you time and hassle.
Full-Service Management: From lease signing to rent collection and maintenance coordination, our team manages every detail.

Why Choose AspirePeak Properties?

Local Expertise: Deep knowledge of the Calgary and Edmonton rental landscapes and regulatory environments.
Proven Results: Consistent track record of minimizing vacancies and maximizing landlord returns.
Transparent Communication: Regular updates and access to your property’s performance through our online owner portal.