Have you been wondering what’s actually going on with the Calgary rental market 2025 and whether rents are finally going to cool off after the chaos of the past few years? You’re not alone—every renter, landlord, investor, and even that neighbour who suddenly became an “economic expert” has an opinion about what comes next. But what does the data say, and what does that mean for your bank account, your real estate plans, and your expectations for the year ahead?

Stick with me until the end of this blog, and you’ll walk away with something better than just predictions—you’ll get a clear, actionable understanding of what rising supply and shifting demand really mean for the future of Calgary rent prices 2025, plus practical advice tailored for renters and landlords navigating this new landscape.

Let’s dive in.

Calgary Rental Market 2025 — The Big Picture

If you’ve lived in Calgary for even a year, you’ve probably noticed how much the city can change in what feels like the blink of an eye. One minute, we’re experiencing record-low vacancies, and the next minute, new towers are sprouting up like dandelions after a summer rain.

And 2025? It’s shaping up to be a year of major transition.

Here’s the general overview:

• Rental supply is increasing faster than it has in nearly a decade.

• Demand is still healthy, but no longer outpacing supply at the same frantic rate.

• Calgary rental vacancy rate is expected to rise modestly.

• Calgary rent prices 2025 are projected to stabilize—and in some cases, actually decline.

Let’s unpack these trends properly, because while the headlines claim “falling rents,” the truth is more nuanced.

Why Rental Supply Is Rising in Calgary

A Construction Boom Finally Paying Off

Over the past several years, Calgary developers have been busy—quietly but relentlessly—building purpose-built rentals. Projects in Kensington, Seton, Beltline, University District, Downtown West End, and Skyview Ranch have been transforming empty lots into high-density, modern rental communities.

Many of these developments break ground years before they ever open, which means 2025 is the year a huge wave of these new units finally hits the market.

This surge in supply is one of the biggest reasons the Calgary rental market 2025 is looking more balanced than it has been in a long time.

Policy Support & Incentives for Purpose-Built Rentals

Government incentives—federal, provincial, and even municipal—have encouraged developers to build high-quality rental buildings instead of just condos. Calgary’s Housing Strategy (which gained major attention across Canada) further accelerated approvals, especially for multi-family rentals.

Policy alone doesn’t build buildings, but it definitely helps reduce friction, and 2025 is where we see the long-term effects settle in.

Conversions from Short-Term Rentals

Some investors who previously used their units for short-term rentals (Airbnb, Vrbo, etc.) are shifting to long-term tenants. Tightened regulations in certain districts, combined with softer tourism in off-peak months, contribute to this shift.

And that means: more long-term rental options for renters entering 2025.

Calgary Rental Demand — Still Strong, But Changing

Now, rising supply alone doesn’t drive rents down. It’s also about how demand is shifting.

Interprovincial Migration Slowing Slightly

In 2023–2024, Calgary saw explosive population growth thanks to migration from Ontario and BC. Families, young professionals, remote workers—you name it. Everyone wanted a taste of Alberta’s affordability and opportunity.

But by early 2025, economists expect migration to remain positive but slow down slightly.

Why?

• More people have already made the move.

• Other provinces are beginning to adjust their housing policies.

• Job markets across provinces have stabilized somewhat.

Less pressure doesn’t mean weak demand—it simply means demand is returning to a sustainable pace.

Students and Young Professionals Still Driving Core Demand

With institutions like:

• University of Calgary

• SAIT

• Mount Royal University

• Bow Valley College

Calgary continues to attract students and newly employed graduates. Downtown and the NW remain hotspots—but high-quality suburban rentals are drawing interest too, especially in communities like Seton, Livingston, and Evanston.

Renters Becoming More “Picky” Again

Back in 2022–2023, renters had to take whatever they could get. But in 2025?

People can finally be choosy again.

They can ask for:

• Better layouts

• Modern appliances

• Buildings with gyms, coworking spaces, pet amenities

• Proximity to LRT stations

• Secure parking

This shift in renter expectations puts gentle downward pressure on older or less-updated units—further affecting Calgary rent prices 2025.

Calgary Rent Prices 2025 — Yes, They May Drop (But Not Everywhere)

This is the section everyone jumps to, so let’s break it down clearly and honestly.

Where Rents Are Likely to Drop

You’ll see modest rent decreases in:

• Older apartments

• Units without upgrades

• Buildings in oversupplied communities

• Rentals far from transit or employment hubs

Owners of these units may offer:

• Free first month

• Reduced security deposit

• Free parking

• Pet fee waivers

• Longer-term lease discounts

If you’re a renter, 2025 might finally feel like you’re catching a break.

Where Rents Will Likely Stay the Same or Increase

Not all rents are falling—some areas may actually rise slightly, including:

• Trendy inner-city neighbourhoods

• Brand-new luxury buildings

• Rentals close to LRT stations

• High-demand communities with schools and family amenities

Calgary’s core and NW in particular may hold firm, while some suburban hotspots with new developments may see more fluctuation.

Rent Prices in 2025 May “Stabilize” Rather Than Crash

Calgary isn’t heading toward a price collapse. Instead, think of 2025 as an exhale after years of rising prices. Stabilization is healthy—for renters, landlords, investors, and the entire housing ecosystem.

What This Means for Renters in Calgary

As someone who works closely with renters, landlords, buyers, and investors, here’s my honest take.

2025 is the first year in a long time where renters have real power again.

Renters Can Finally Shop Around

You can now compare:

• Amenities

• Layouts

• Lease incentives

• Neighbourhood perks

Renters have leverage again—use it.

You Might Even Negotiate Rent (Yes, Really!)

This used to be unheard of, but with a rising Calgary rental vacancy rate, negotiation is back on the table. Landlords want reliable, long-term tenants more than ever.

More High-Quality Rentals at Fair Prices

The new supply tends to be modern, clean, efficient, and full of amenities that were hard to find a few years ago.

In many ways, renters entering the Calgary rental market 2025 are getting the best deal this city has offered in years.

What This Means for Landlords & Investors

If you’re a landlord or planning to invest, don’t worry—I haven’t forgotten about you.

Landlords Must Focus on Value, Not Just Price

This means:

• Updating paint

• Improving appliances

• Enhancing curb appeal

• Allowing pets

• Offering competitive lease terms

Small upgrades often pay off big in a shifting market.

Investors Benefit from Long-Term Strength

Calgary’s fundamentals remain incredibly strong:

• Job growth in tech, energy, logistics, and healthcare

• One of Canada’s youngest populations

• Strong business environment

• Lower taxes

• Safe neighbourhoods and high quality of life

Short-term rent fluctuations don’t override long-term stability.

Purpose-Built Rentals Are Strong Investment Options

These buildings are designed for renters, tend to remain stable, and cater to the demographic driving demand. With new developments across the city, investors have more options than ever.

Calgary Neighbourhoods to Watch in 2025

Here are some areas experiencing noticeable rental trends:

1. Beltline & Downtown West End

More supply is pushing prices down slightly—great for renters seeking walkability.

2. University District

Student demand keeps this area stable, but new buildings add variety.

3. Skyview Ranch, Redstone, Cornerstone

Huge supply boom → more competitive pricing.

4. Seton

One of the fastest-growing suburban rental zones.

5. Kensington & Bridgeland

Trendy areas holding value but with more optionality for renters.

Tips for Navigating the Calgary Rental Market 2025

Here’s what I recommend—straightforward, practical advice.

For Renters

• Don’t rush. More listings are coming.

• Compare amenities closely.

• Ask for incentives—you might get them.

• Consider signing a longer lease if the rent is good.

For Landlords

• Refresh your unit to stay competitive.

• Highlight proximity to transit, parks, and groceries.

• Be open to negotiation for reliable tenants.

• Offer fair, transparent lease terms.

For Investors

• Look at long-term potential, not month-to-month rent swings.

• Explore new suburban supply pipelines.

• Consider multi-family or purpose-built opportunities.

What Will Calgary’s Rental Market Look Like by Late 2025?

When we put it all together, here’s the clearest, most realistic picture of the Calgary rental market 2025:

• Vacancy rates rise

• Supply grows significantly

• Demand remains stable but more moderate

• Rents soften or stabilize

• Renters regain power

• Landlords shift focus to quality and value

2025 will be remembered as the year Calgary’s rental market breathed out, rebalanced, and became more accessible again.

And honestly? That’s good news for everyone.

A balanced marketplace is a healthy marketplace.

A More Hopeful, Balanced Rental Future for Calgary

Calgary has always been a city of momentum—a place where people reinvent themselves, build new futures, and chase opportunity. The rental market is no different. As we move into 2025, rising supply and steady demand create a rental environment that feels, finally, human again.

Whether you’re searching for your next home, evaluating investment opportunities, or simply trying to understand the shifts around you, I hope this guide has helped shed some light—without the jargon, without the panic, and with a little humour along the way.

If you ever need personalized insights or help navigating your rental or real estate journey, Jai Chaudhary Real Estate is here.