Lower Mount Royal/Cliff BungalowRent Prices & Trends
Comprehensive rental market data and pricing trends for Lower Mount Royal/Cliff Bungalow, Calgary
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Calculate Fair RentAbout Lower Mount Royal/Cliff Bungalow
Lower Mount Royal and Cliff Bungalow blend historic charm with modern urban living, creating one of Calgary's most desirable rental markets. With average rents at $1,927/month - a 65% increase since 2010 - the area offers diverse housing from character homes to contemporary condos. The neighborhood's appeal spans generations: basement suites averaging $1,163/month attract students and young professionals, while houses commanding around $2,378/month draw families seeking tree-lined streets with urban proximity. What makes this area special is the architectural diversity - you'll find everything from early 1900s character homes to sleek modern infills, all within walking distance of 17th Avenue's shops and restaurants.
Market Insights
The rental data reveals a market that's matured into steady, sustainable growth. Unlike some Calgary neighborhoods that experienced dramatic boom-bust cycles, Lower Mount Royal/Cliff Bungalow showed resilience through the 2015-2017 downturn and has delivered consistent gains since 2021. Recent growth has been solid but measured - up 18% in 2022, 9% in 2023, and 4.2% in 2024 - suggesting a market finding its equilibrium rather than overheating. The tight 3.5% vacancy rate indicates healthy demand, though not the extreme competition seen in some markets. This stability reflects the neighborhood's enduring appeal: it's never the hottest neighborhood, but it rarely cools significantly either.
For Investors
Lower Mount Royal/Cliff Bungalow offers stable fundamentals that appeal to long-term rental investors. With a 4.0% compound annual growth rate since 2010 and a competitive 3.5% vacancy rate, the neighborhood delivers consistent returns without the volatility of trendier areas. The diverse property mix allows strategic positioning: condos and basement suites serve the steady student and young professional market, while houses and duplexes attract longer-term family tenants. In a 3.5% vacancy environment, pricing accuracy is crucial - even slight overpricing can mean competing with 96.5% of occupied units plus other available properties. Our calculator helps you price competitively within this established market, where tenants know the neighborhood well and can spot inflated rents. The key here isn't chasing maximum rent - it's minimizing vacancy in a stable, appreciating market.
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For Renters
In Lower Mount Royal/Cliff Bungalow, understanding fair rent matters because you're likely competing with knowledgeable renters in a 3.5% vacancy market - quality units don't last long. The $1,200 spread between basement suites and houses means property type significantly impacts value. What's interesting here is the neighborhood premium: you're paying for walkability, character, and community, not just square footage. Our calculator helps you assess whether a specific listing's rent reflects its true position in the market - is that charming 1920s walk-up priced fairly compared to a newer condo nearby? With modest but steady 4.2% year-over-year growth, rents here are appreciating predictably, so understanding current fair value helps you plan for renewals too. Whether you're drawn to historic character or modern convenience, data-driven pricing insights ensure you pay appropriately for this sought-after location.
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Average Rent by Bedrooms
Average Rent by Property Type
Historical Rent Trends
| Year | Avg Rent | YoY Change | Vacancy |
|---|---|---|---|
| 2010 | $1,171 | — | 4.1% |
| 2011 | $1,145 | -2.2% | 1.6% |
| 2012 | $1,205 | +5.2% | 1.0% |
| 2013 | $1,284 | +6.6% | 0.6% |
| 2014 | $1,325 | +3.2% | 1.4% |
| 2015 | $1,518 | +14.6% | 3.2% |
| 2016 | $1,260 | -17.0% | 3.1% |
| 2017 | $1,188 | -5.7% | 4.2% |
| 2018 | $1,244 | +4.7% | 3.1% |
| 2019 | $1,323 | +6.4% | 4.4% |
| 2020 | $1,314 | -0.7% | 5.4% |
| 2021 | $1,439 | +9.5% | 3.7% |
| 2022 | $1,697 | +17.9% | 0.2% |
| 2023 | $1,849 | +9.0% | 1.1% |
| 2024 | $1,927 | +4.2% | 3.5% |