Cheap Apartments for Rent in Calgary, AB from $400 (338 Rentals)

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Search the lowest-cost Apartments available for rent right now in Calgary.

property at 2718 40 St SW

$900 - $1,000

Studio Rentals

Available Now

2718 40 St SW

CalgaryABT3E 3J4

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Calgary, AB Local Guide

Cheapest Neighborhoods for Apartments in Calgary, AB

Pricing Updated: 05/27/2026

Current apartment rentals in the Calgary, AB area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Calgary Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Chinook$1,955$1,099236
North Hill Downtown Beltline$3,905$450478
Suburban South$4,502$4501206
Suburban North$9,126$450771

Cheapest Available Calgary Apartments for Rent

 

The cheapest available apartment rental in Calgary, AB is a Studio unit found at 211 12th Avenue SW in the North Hill Downtown Beltline neighborhood priced from $850. West 17 in the North Hill Downtown Beltline neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here is today’s list of the most affordable Calgary apartments for rent:

Apartment ListingModel NameBed/BathPriced From
211 12th Avenue SWStudioStudio,1BA$850
West 17BachelorStudio,1BA$1,050
Vintage SquaredBachelorStudio,1BA$1,075
Grapes ManorBachelorStudio,1BA$1,099
Spring Garden TerraceBachelorStudio,1BA$1,099
Avenue TowerBachelorStudio,1BA$1,120
Sunalta 1626 Apartments1 bedroom1BR,1BA$1,124
Mainstreet Marda Loop ApartmentsBachelorStudio,1BA$1,124
Royal EngelBachelorStudio,1BA$1,125
Nazir ManorBachelorStudio,1BA$1,125

Best Value Apartments for Rent in Calgary, AB

As of May 27, 2026 the best value apartment in the Calgary area is the $1.57 price per square foot 2 Bedroom Townhouse Model at Dawson Landing Pointe in the in the Outlying neighborhood starting from $1,999. The second greatest value Calgary apartment is the - 3 Bedroom Model at Wyldewood Estates starting at $1,955 with a $1.71 price per square foot in the Suburban South neighborhood. Here is today’s list of the best values for Calgary apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dawson Landing Pointe2 Bedroom Townhouse2BR,2.5BA$1.57
Wyldewood Estates- 3 Bedroom3BR,1BA$1.71
King's Alley- 2 Bedroom2BR,1BA$1.35
Queen's Park Townhomes2 bedroom2BR,1BA$1.59
Trevella Townhomes2 bedroom2BR,1BA$1.66
Westside Apartments- 2 Bedroom2BR,1BA$1.70
Peyto Apartments- 1 Bedroom1BR,1BA$1.65
Cathy Manor2 bedroom2BR,1BA$1.70
Prominence Place Apartments2 Bedroom2BR,1BA$1.72
211 12th Avenue SWStudioStudio ,1BA$1.22

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Calgary, AB Rentals by Map

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Calgary, AB Area Reviews

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Lesley • 4+ years in Calgary

March 14, 2026

Absolutely.

Sajjad • 4+ years in Calgary

February 8, 2026

Excellent place to live, close to Rockies, Banff national Park etc.i

Frequently Asked Questions about Cheap Calgary Apartments

What is a cheap apartment in Calgary?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Calgary is under $1,125.

What is the price of a cheap apartment in Calgary?

The cheapest apartment in Calgary is Sunalta 1626 Apartments which is listed at $1,124, while the average apartment in Calgary costs $4,872.

What types of apartments are the cheapest in Calgary?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 52 regular apartments in Calgary that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Calgary?

Cheap apartments in Calgary have an average cost of $269 which is $4,603 cheaper than the average rent for all rentals in Calgary.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.