Cheap Apartments for Rent in Calgary, AB from $1,000 (454 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 8816-8846 46 Ave NW
$1,200 - $2,200
1 To 3 Bedroom Rentals
Available Now
Affordability

8816-8846 46 Ave NW

CalgaryABT3B 1Y8

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 6707 Elbow Dr SW
$1,235 - $1,775
Studio To 2 Bedroom Rentals
Available Now
Affordability

Mayfair Place Apartments

6707 Elbow Dr SW
CalgaryABT2V 0E5

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 342-315 15 Ave SW
$1,250 - $1,650
Studio To 2 Bedroom Rentals
Available Now
Affordability

Kingston Tower

342-315 15 Ave SW
CalgaryABT2R 0P8

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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property at 815-814 4 Ave SW
$1,275 - $1,675
Studio To 2 Bedroom Rentals
Available Now
Affordability

815-814 4 Ave SW

CalgaryABT2P 3G8
property at 521-523 3 Ave SW
$1,195 - $2,300
Studio To 2 Bedroom Rentals
Available Now
Affordability

521-523 3 Ave SW

CalgaryABT2P 3T3

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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Calgary, AB Local Guide

Cheapest Neighborhoods for Apartments in Calgary, AB

Pricing Updated: 09/06/2026

Current apartment rentals in the Calgary, AB area range in price from $1,000 to $10,335 with an overall median price of $1,844. Here is today’s list neighborhoods with the lowest median pricing for Calgary Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Chinook$1,730$1,100228
Suburban South$1,813$1,0001252
Suburban North$1,892$1,000845
North Hill Downtown Beltline$1,895$1,100492

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. Triwood Gardens in the Suburban North neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here is today’s list of the most affordable Calgary apartments for rent:

Apartment ListingModel NameBed/BathPriced From
211 12th Avenue SWStudioStudio,1BA$850
Triwood GardensBachelorStudio,1BA$850
Willow Park GardensStudioStudio,1BA$1,099
Spring Garden TerraceBachelorStudio,1BA$1,099
Altadore4929R - 1 Bedroom1BR,1BA$1,100
Sunalta 1626 Apartments1 bedroom1BR,1BA$1,124
Avenue Tower ApartmentsBachelorStudio,1BA$1,125
Nazir ManorBachelorStudio,1BA$1,125
Royal EngelBachelorStudio,1BA$1,125
Mainstreet Marda Loop ApartmentsBachelorStudio,1BA$1,149

Best Value Apartments for Rent in Calgary, AB

As of September 06, 2026 the best value apartment in the Calgary area is the $1.34 price per square foot 4 bedroom Model at Bow River Townhomes in the in the Suburban North neighborhood starting from $2,300. The second greatest value Calgary apartment is the - 3 Bedroom Model at Wyldewood Estates starting at $1,905 with a $1.67 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.
Bow River Townhomes4 bedroom4BR,1.5BA$1.34
Wyldewood Estates- 3 Bedroom3BR,1BA$1.67
Bonaventure Estates2 Beds, 1 Baths2BR,1BA$1.40
King's Alley- 2 Bedroom2BR,1BA$1.50
Heritage House1 Bed 1 Bath1BR,1BA$1.20
Lakeside Estates2 Bedroom2BR,1BA$1.53
Queen's Park Townhomes2 bedroom2BR,1BA$1.65
Beauview Place2 Bedroom2BR,2BA$1.64
Pineridge Apartments1 Bedroom1BR,1BA$1.60
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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

  • Parks
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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 $1,149.

What is the price of a cheap apartment in Calgary?

The cheapest apartment in Calgary is Altadore which is listed at $1,100, while the average apartment in Calgary costs $1,844.

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 76 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 $334 which is $1,510 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.