Top 10 Calgary Neighbourhoods for Rental Properties
Where to Invest for Maximum Returns
As a real estate investor, choosing the right neighbourhood to invest in can make all the difference. With Calgary's growing rental market, it's important to know which areas offer the best return on investment. In this article, we'll explore the top 10 Calgary neighbourhoods for rental properties, based on factors such as affordability, proximity to amenities, and rental demand.
This article includes data from RentFaster.ca and was accurate at the time of writing in April 2023.
Beltline
The Best Bet for Downtown Rentals
Beltline is a downtown neighbourhood that offers a mix of high-rise condos, townhouses, and apartment buildings. It's a great area for those who want to be close to the action, with easy access to public transportation, restaurants, and nightlife. Beltline has a high rental demand, making it a good choice for investors.
The average rent for a one-bedroom apartment in the Beltline is $1,800.
Downtown West End
A Vibrant Urban Neighbourhood in Calgary
Downtown West End is a vibrant urban neighbourhood located just west of Calgary's downtown core, offering a mix of modern high-rise condos and historic homes. It's a popular spot for those looking for a dynamic and convenient lifestyle, with trendy cafes, restaurants, bars, and boutique shops within walking distance. With excellent public transit options and easy access to major highways, Downtown West End is a perfect choice for those seeking a lively urban lifestyle.
The average rent for a one-bedroom apartment in the Downtown West End is $1,880.
Mission
Historical Charm Meets Modern Convenience
Located just south of downtown, Mission is known for its historic buildings, trendy restaurants, and boutiques. It's a popular neighbourhood for young professionals and students, with easy access to the city's universities and colleges. Mission's rental market is strong, with an average rent of $1,280 for a one-bedroom apartment. It's also a good area for short-term rentals, such as Airbnb, due to its central location.
The average rent for a one-bedroom apartment in Mission is $1,450.
Eau Claire
The Ultimate Urban Retreat in Calgary
Located in downtown Calgary, Eau Claire offers an upscale lifestyle with a picturesque riverside location, scenic parks, and a lively urban scene. Its collection of high-end condos and apartments makes it an ideal spot for those seeking an urban retreat with easy access to Calgary's best offerings. With top-notch dining, shopping, and entertainment options, Eau Claire is perfect for young professionals, couples, and families in search of an urban lifestyle.
The average rent for a one-bedroom apartment in Eau Claire is $1,750.
Sunalta
A Vibrant and Affordable Calgary Neighbourhood
Situated near downtown and 17th Ave, Sunalta offers a convenient and accessible lifestyle with a walkability score of 82. The neighbourhood provides a mix of character homes and modern condos, making it an attractive option for renters with varying budgets. Sunalta also offers a community feel with events hosted by the community association year-round, making it easy to meet new people. With its ideal location, affordability, and vibrant community, Sunalta is a top choice for those seeking a Calgary rental property.
The average rent for a one-bedroom apartment in Beltline is $1,500.
Hillhurst
A Trendy Neighbourhood with Great Walkability
Hillhurst is a trendy neighbourhood located just northwest of downtown. It's home to the popular Kensington shopping district, which offers a mix of boutiques, restaurants, and cafes. Hillhurst also has great walkability, with easy access to parks, bike paths, and the Bow River. The neighbourhood is popular with young professionals and families.
The average rent for a one-bedroom apartment in Hillhurst is $1,800.
Renfrew
A Hidden Gem in Calgary
Renfrew is a charming Calgary neighbourhood offering a mix of older and newer homes, apartments, and condos, perfect for families and young professionals alike. It's also home to some of the city's best schools, parks, and community amenities, including the Renfrew Athletic Park and Community Association. With its convenient location near major transportation routes and downtown Calgary, Renfrew offers the best of urban living while still providing a tight-knit community feel.
The average rent for a one-bedroom apartment in Renfrew is $1,900.
Bankview
A Vibrant and Walkable Community in Calgary
Bankview is a lively and walkable neighbourhood in Calgary's southwest quadrant, known for its diverse community and unique character. Popular among young professionals and students for its proximity to downtown and abundance of amenities, the area boasts a mix of heritage homes, modern apartments, and trendy shops. With stunning city views and easy access to green spaces, Bankview offers a dynamic and exciting urban lifestyle.
The average rent for a one-bedroom apartment in Bankview is $1,500.
Lower Mount Royal
A Desirable Inner-City Community in Calgary
Lower Mount Royal is a trendy, upscale community located in the heart of Calgary's inner city. With tree-lined streets, beautiful heritage homes, and easy access to some of the city's best restaurants, cafes, and shops, this neighbourhood is a great place to call home. The area is known for its walkability, with many amenities within walking distance, including 17th Avenue, one of Calgary's most vibrant and popular destinations for dining and entertainment. Lower Mount Royal is perfect for those seeking a mix of urban living and suburban charm.
The average rent for a one-bedroom apartment in Lower Mount Royal is $1,600.
Inglewood
The City's Oldest Neighbourhood with a Modern Twist
Inglewood is a historic neighbourhood located just east of downtown. It's home to Calgary's oldest buildings, as well as new developments such as the trendy East Village. Inglewood has a vibrant arts and culture scene, with live music venues, galleries, and boutiques. The neighbourhood also offers easy access to the city's bike paths and riverfront parks.
The average rent for a one-bedroom apartment in Inglewood is $2,100.
Whether you're a seasoned real estate investor or just getting started, these neighbourhoods are sure to provide you with a great return on your investment. Do your research, talk to a real estate agent, and start investing in rental properties in Calgary today!
