{"id":19240,"date":"2021-09-22T08:05:00","date_gmt":"2021-09-22T12:05:00","guid":{"rendered":"https:\/\/www.zolo.ca\/blog\/?p=19240"},"modified":"2025-05-22T12:21:39","modified_gmt":"2025-05-22T16:21:39","slug":"best-neighbourhoods-rent-calgary","status":"publish","type":"post","link":"https:\/\/www.zolo.ca\/blog\/best-neighbourhoods-rent-calgary","title":{"rendered":"10 Best Neighbourhoods to Rent in Calgary"},"content":{"rendered":"\n

Whether you\u2019re moving to the city or want to move across the city, there are some things you should know about each neighbourhood if you\u2019ll be renting in Calgary. In a city known for having the most sunshine year-round<\/a> and as the third most-diverse place in Canada, Calgary is a great place to explore short and long term. <\/p>\n\n\n\n

If long-term is a higher possibility, it can sometimes be hard to decide whether you should rent vs buy in a city like Calgary<\/a>. For that reason, we did our part to put together a list of the top 10 neighbourhoods to lease to help you gain a clearer picture of what\u2019s best for you and what\u2019s in your price range. <\/p>\n\n\n\n

When you\u2019re looking for the best neighbourhood to rent, you might be thinking of a few significant factors. From the cost to the nearby amenities, we\u2019ve considered everything you might need to determine the best places to rent in Calgary, Alberta<\/a>.<\/p>\n\n\n\n

Related content<\/p>

Rent vs Buy: What’s Right For You<\/a><\/p><\/section>\n\n\n\n

Evaluating Calgary Neighbourhoods<\/strong><\/h2>\n\n\n\n

To determine whether renting or buying in Calgary, Alberta was the best option; we broke down the data we could find to help in your decision-making process. <\/p>\n\n\n\n

On the whole, when you look at the data, it is 50% more costly to buy a home than rent in Calgary. The average cost of a monthly mortgage across all neighbourhoods is $1,989, assuming you put 20% down on a property. On the other hand, the average cost of rent across all communities is only $1,197. <\/p>\n\n\n\n

Considering that 32% of Canadians put less than 10% down on their home<\/a>, this gap might be even more significant. But, of course, this is averaged out across hundreds of neighbourhoods, which doesn’t always give us a clear answer.<\/p>\n\n\n\n

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Some quadrants of the city provide more relief in cost than others. For example, you can save around $1,625 each month if you opt to rent in the city centre. Whereas, if you opt to rent in the northeast of Calgary, you’ll only save around $218 each month. But, neither of these savings are anything to scoff at. <\/p>\n\n\n\n

For instance, if you took even $200 and invested that savings in the stock market, you could make significant leaps in your retirement planning. For example, an extra $2,400 at an estimated growth of 8% (compounded annually) would be worth $16,436.34 after 25 years.<\/p>\n\n\n\n

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Related content<\/p>

10 Best Neighbourhoods to Buy a House in Calgary<\/a><\/p><\/section>\n\n\n\n

Top 10 Neighbourhoods to Rent in Calgary<\/strong><\/h2>\n\n\n\n

Here is a list of the best neighbourhoods if you are renting in Calgary, Alberta, based on our 2021 study.<\/p>\n\n\n\n

1. Cityscape<\/a>, Northeast, Calgary<\/strong><\/h3>\n\n\n\n
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