Cheap New Apartments for Rent in Calgary, AB from $400 (47 Rentals)

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

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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Bowwood Block
$1,224 - $2,149Built in 20261 to 3 Bedroom Apartments

Bowwood Block

6412-6428 Bowwood Dr NWCalgary, AB T3B 2G6
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Mainstreet Plaza
$1,225Built in 20211 Bedroom Apartments

Mainstreet Plaza

2403 33rd Ave SWCalgary, AB T2T 2A2
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Bowness Peaks
$1,275 - $2,307Built in 20261 to 3 Bedroom Apartments

Bowness Peaks

6607-6609 Bowness Rd NWCalgary, AB T3B 0G2
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Eau Claire Residences
$1,295 - $2,095Built in 2026Studio to 2 Bedroom Apartments

Eau Claire Residences

521 3 Av SWCalgary, AB T2P 3T3
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The Loft
$1,345 - $2,195Built in 2025Studio to 2 Bedroom Apartments

The Loft

744 4 Av SWCalgary, AB T2P 3T4
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ONE6
$1,391 - $1,728Built in 20171 to 2 Bedroom Apartments

ONE6

1528 16 Ave NWCalgary, AB T2M 0L5
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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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Villages at Nolan Hill II
$1,425 - $1,435Built in 20241 to 3 Bedroom Apartments

Villages at Nolan Hill II

600 Nolan Hill Rise NWCalgary, AB T3R 1X1
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Mission 17
$1,431Built in 20161 to 2 Bedroom Apartments

Mission 17

103 17th Ave SECalgary, AB T2G 5N8
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The Level
$1,439 - $1,699Built in 2020Studio to 2 Bedroom Apartments

The Level

19671 40 St SECalgary, AB T3M 3B3
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The Hat at East Village
$1,475 - $2,000Built in 2019Studio to 3 Bedroom Apartments

The Hat at East Village

611 7th Av SECalgary, AB T2G 0J7
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Centro
$1,480 - $2,300Built in 20161 to 3 Bedroom Apartments

Centro

2110 Centre St NECalgary, AB T2E 2T3
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Credo Apartments
$1,530 - $1,916Built in 2023Studio to 2 Bedroom Apartments

Credo Apartments

1820 26 Av SWCalgary, AB T2T 6Z5
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BTYYC Residences
$1,549 - $2,149Built in 2025Studio to 2 Bedroom Apartments

BTYYC Residences

2504 22 St NWCalgary, AB T2M 3W8
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Hat on 7th
$1,550Built in 20201 Bedroom Apartments

Hat on 7th

1116 7 AveCalgary, AB T2P 1A9
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Steps Bridgeland
$1,572 - $2,970Built in 2021Studio to 3 Bedroom Apartments

Steps Bridgeland

918 Mcpherson Sq NECalgary, AB T2E 8S9
  • Utilities Included

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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Montgomery Square
$1,580 - $2,099Built in 20221 to 2 Bedroom Apartments

Montgomery Square

1870 45 StCalgary, AB T3B 6A9
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GROW - Premium Suites
$1,599 - $3,100Built in 20201 to 3 Bedroom Apartments

GROW - Premium Suites

2502 16A St SWCalgary, AB T2T 4K5
Showing Results 1-47, Page 1 of 1

Calgary, AB Local Guide

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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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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See the most popular apartments and homes in Calgary, AB

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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 $1,125.

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.

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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.