Cheap Homes for Rent in Calgary, AB from $600 (27 Rentals)

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Search the lowest-cost Homes 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.

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.

property at 20 Masters Dr SE

$1,245 - $2,149

1 To 3 Bedroom Rentals

Available Now

20 Masters Dr SE

CalgaryABT3M 3P8

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.

property at 308 38 Ave NW

$1,400 - $2,750

1 To 3 Bedroom Rentals

Available Sep 1

308 38 Ave NW

CalgaryABT2K 0Y7

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.

Calgary, AB Local Guide

Cheapest Neighborhoods for Apartments in Calgary, AB

Pricing Updated: 07/21/2026

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$1,882$1,100207
North Hill Downtown Beltline$6,198$950461
Suburban South$6,894$9501119
Suburban North$11,675$950765

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. Spring Garden Terrace in the Chinook neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,099. Here is today’s list of the most affordable Calgary apartments for rent:

Apartment ListingModel NameBed/BathPriced From
211 12th Avenue SWStudioStudio,1BA$850
Spring Garden TerraceBachelorStudio,1BA$1,099
Sunalta 1626 Apartments1 bedroom1BR,1BA$1,124
Royal EngelBachelorStudio,1BA$1,125
Avenue HousesBachelorStudio,1BA$1,125
Nazir ManorBachelorStudio,1BA$1,125
Avenue TowerBachelorStudio,1BA$1,125
Mainstreet Marda Loop ApartmentsBachelorStudio,1BA$1,149
West 17BachelorStudio,1BA$1,150
Huntsville ApartmentsBachelorStudio,1BA$1,150

Best Value Apartments for Rent in Calgary, AB

As of July 21, 2026 the best value apartment in the Calgary area is the $1.37 price per square foot 4 bedroom Model at Bow River Townhomes in the in the Suburban North neighborhood starting from $2,350. The second greatest value Calgary apartment is the 3 Bedroom 2 Bathroom Model at Richmond Road starting at $2,500 with a $1.61 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$1.37
Richmond Road3 Bedroom 2 Bathroom3BR,2BA$1.61
Dawson Landing Pointe3 Bedroom + 2 Bathroom3BR,2.5BA$1.60
Wyldewood Estates- 3 Bedroom3BR,1BA$1.67
King's Alley- 2 Bedroom2BR,1BA$1.46
Queen's Park Townhomes2 bedroom2BR,1BA$1.65
Peyto Apartments- 1 Bedroom1BR,1BA$1.51
Glamorgan Manor2 Bedroom Basement2BR,1BA$1.62
Victoria Gardens- 2 Bedroom2BR,1BA$1.68
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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Quick Rent Budget Calculator

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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!

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Calgary, AB Area Reviews

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Lesley4+ years in Calgary

March 14, 2026

Absolutely.

Sajjad4+ years in Calgary

February 8, 2026

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

Frequently Asked Questions about Calgary

What type of rentals are currently available in Calgary?

There are currently 4652 Apartments for Rent in Calgary, AB with pricing that ranges from $950 to $11,675. There are also 176 Single Family Homes for rent, Condos, and Townhome rentals currently available in Calgary ranging from $650 to $8,750.

What is the current price range for Rental Homes in Calgary?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Calgary ranges from $650 to $8,750 with an average monthly rent of $2,461.

How much are larger Three and Four Bedroom Rentals in Calgary?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Calgary range from $950 to $6,826, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $2,100.

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.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.