Neighborhood GuideUpdated October 2025
Forest Lawn/Forest Heights/Penbrooke Meadows/Red Carpet/Applewood ParkRent Prices & Trends
Comprehensive rental market data and pricing trends for Forest Lawn/Forest Heights/Penbrooke Meadows/Red Carpet/Applewood Park, Calgary
Calculate Your Fair Rent
Use our ML-powered calculator to see if you're paying fair market rent in Forest Lawn/Forest Heights/Penbrooke Meadows/Red Carpet/Applewood Park
Calculate Fair RentAverage Rent
$1,984
per month
↑52.1%vs last year
Vacancy Rate
1.2%
Very Tight
Average Rent by Bedrooms
1 BR$1,411/mo
2 BR$1,685/mo
3 BR$2,777/mo
Average Rent by Property Type
House$2,485/mo
Townhouse$2,263/mo
Duplex$2,119/mo
Main Floor$2,079/mo
Condo Unit$1,857/mo
Basement$1,087/mo
Historical Rent Trends
| Year | Avg Rent | YoY Change | Vacancy |
|---|---|---|---|
| 2010 | $1,000 | — | 5.9% |
| 2011 | $987 | -1.3% | 3.5% |
| 2012 | $1,049 | +6.3% | 3.3% |
| 2013 | $1,155 | +10.1% | 0.8% |
| 2014 | $1,177 | +1.9% | 0.5% |
| 2015 | $1,228 | +4.3% | 3.1% |
| 2016 | $1,145 | -6.8% | 11.6% |
| 2017 | $1,190 | +3.9% | 6.9% |
| 2018 | $1,046 | -12.1% | 4.3% |
| 2019 | $1,139 | +8.9% | 5.1% |
| 2020 | $1,262 | +10.8% | 10.2% |
| 2021 | $1,210 | -4.1% | 6.1% |
| 2022 | $1,281 | +5.9% | 3.9% |
| 2023 | $1,304 | +1.8% | 3.2% |
| 2024 | $1,984 | +52.1% | 1.2% |