Average Calgary rent jumps by more than 18% year-over-year: report

A new report on rental data in Calgary suggests the average cost to lease a one and two-bedroom apartment in the city has gone up. THE CANADIAN PRESS/Jeff McIntosh

The average cost to rent a one-bedroom apartment in Calgary has increased dramatically in the past year, new data suggests.

The report, by Zumper.com, indicates that the price of a one-bedroom apartment in the city has grown by 18.7 per cent in the past year.

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The organization says the average cost for a one-bedroom unit is now $1,840 per month.

Two-bedroom apartments have also gone up, Zumper says. Its data shows that price is now $2,120 per month, or an increase of 11.3 per cent.

There was a decline in the national average for one and two-bedroom apartments and Calgary's were significantly lower than the top five markets in Canada:

1. Vancouver – $2,700 for a one-bedroom, $3,890 for a two-bedroom;
2. Toronto – $2,500 for a one-bedroom, $3,230 for a two-bedroom;
3. Burnaby – $2,490 for a one-bedroom, $3,200 for a two-bedroom;
4. Victoria – $2,020 for a one-bedroom, $2,730 for a two-bedroom; and
5. Halifax – $2,000 for a one-bedroom, $2,580 for a two-bedroom.

Zumper's Canadian Rent Report uses data from active rental listings across Canada and then median asking rents are calculated for the 23 most-populated metro areas in the country.