Calgary Rental Market Continues to Slide in July

Calgary’s rental market showed no signs of recovery in July 2018, as average rent prices continued their downward trend. Data for the month revealed that one-bedroom apartments took the biggest hit, with average rents dropping to around $1,080—a noticeable decrease from previous months.

This decline is in line with the pattern we've been seeing all year. July's numbers reflect a rental market that remains firmly in favor of tenants, especially in the one-bedroom category, which is often considered the most in-demand due to affordability and lifestyle preferences.

One-Bedroom Units Leading the Decline

While overall apartment rents are falling, one-bedroom apartments in particular have seen sharper decreases, likely due to:

• Increased competition among landlords trying to fill vacancies

• Renters doubling up or seeking shared accommodations to reduce costs

• A slowdown in young professionals and students relocating to Calgary

Shifting Demand in a Saturated Market

Landlords are under pressure to attract tenants with more competitive pricing and added perks. As inventory rises, renters are taking their time to find not just a place—but the right place, with the best value for money.

Many are prioritizing:

• Furnished rentals for shorter stays or temporary relocation

• All-inclusive rents (including utilities)

• Professional property management that ensures prompt maintenance and communication

How LeaseWell Helps Landlords Stay Ahead

At LeaseWell, we know these market dips can be frustrating for landlords, especially those relying on rental income to cover mortgage and maintenance costs.

Here’s how we help you stay profitable in a tough rental market:

• Professional Photography & Listing Marketing: We make your property stand out in a crowded market.

• Targeted Tenant Matching: We bring you thousands of qualified renters actively looking in Calgary.

• Complete Rental Management: From maintenance scheduling to tenant support, we take care of everything—so you don’t have to.

With 24x7 online service, routine bill handling, and repair coordination, we take the stress out of being a landlord—even when the market isn’t on your side.

Is Recovery on the Horizon?

Though July’s numbers aren’t encouraging, this dip in rental rates might not last forever. Calgary’s economic fundamentals are slowly stabilizing, and new residents may return in greater numbers in the coming quarters. In the meantime, landlords who maintain well-kept properties and offer excellent tenant experiences will continue to see stronger, longer-term tenancies.

Final Thoughts

For renters, it’s a great time to explore the Calgary market—with more choice and better value than ever before. For landlords, partnering with a trusted property management company like LeaseWell can make all the difference in riding out the slump and preparing for the upswing.

Looking for help managing your property or filling your vacancy? Let LeaseWell take care of the hard part—so you can enjoy the returns.