Renting to Students in Calgary? Do This to Lower Your Risks!

Calgary, with its slate of reputed and established academic institutions and the bustling presence of energy companies, attracts a fair share of student population—both from within Alberta and across Canada. With over five per cent of the national student population residing here, many landlords consider student rentals as a lucrative opportunity. But while student renters can mean steady demand and strong returns, renting to them also comes with a unique set of challenges.

Here’s how you can lower your risks and make student tenancies work for you:

1. Screen Tenants Thoroughly – Even If They’re Students

Student renters may not always have a rental history, but that doesn’t mean you can skip the screening process. Ask for references from previous landlords (if any), employers, or even academic institutions. At LeaseWell, we help property owners access a pool of pre-screened, high-quality tenants to ensure peace of mind from day one.

2. Get Co-Signers or Guarantors

Most students won’t have a strong credit history or stable income. In such cases, ask for a co-signer—usually a parent or guardian. This gives you an additional layer of financial security if rent goes unpaid or if damages occur.

3. Use a Solid Lease Agreement

Customize your lease to include clauses that address student-specific concerns. For instance:

• Rules around subletting during summer breaks

• Maximum number of occupants

• Noise and party restrictions

• Responsibilities for cleaning and minor maintenance

LeaseWell can help you draft a lease that’s both legally sound and student-specific.

4. Consider Furnishing the Property

Students often arrive from out of town and prefer not to invest in furniture. Offering furnished rentals, even at a slightly higher rent, can help you attract long-term student tenants and reduce vacancy periods. LeaseWell specializes in furnished executive rentals that appeal to both students and working professionals.

5. Conduct Regular Inspections

Set up scheduled inspections (with proper notice) once every 3–4 months. This helps catch small issues early—whether it's cleanliness, maintenance problems, or violations of lease terms. A proactive approach protects your investment and avoids expensive surprises.

6. Location Matters

Students prioritize proximity to campuses and transit. Properties near the University of Calgary, SAIT, Mount Royal University, or public transit routes tend to perform better. Our team at LeaseWell offers a free rental property evaluation to help you determine if your location is optimal for student rentals.

7. Market Strategically

To attract student renters, market your property on platforms they frequent—social media, student housing boards, and local classifieds. LeaseWell provides 360-degree marketing tailored to your ideal tenant demographic, making sure your property gets the right visibility.

Final Thoughts

Student rentals can be a win-win when managed correctly. With the right strategies, clear expectations, and professional guidance, you can turn student tenants into reliable, long-term income sources. Whether you're renting a basement suite near a college campus or a full house shared by students, LeaseWell is here to support you every step of the way.

Want to know if your property is student-rental ready?Get your free rental property evaluation with LeaseWell today and make the most of Calgary’s thriving student market.