Misson/BeltlineRent Prices & Trends
Comprehensive rental market data and pricing trends for Misson/Beltline, Calgary
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Calculate Fair RentAbout Misson/Beltline
Mission and Beltline form Calgary's urban core, offering the city's most vibrant rental market with diverse housing options from modern high-rise condos to character-filled walk-ups. The area has shown remarkable resilience through market cycles, with current average rents sitting at $2,336/month - a 69% increase since 2010. What makes this neighborhood particularly interesting is the wide range of rental options: basement suites averaging $1,391/month provide affordable entry points, while detached houses command premium rates around $3,114/month.
Market Insights
The data tells a compelling story of market recovery and growth. After weathering the 2015-2017 downturn when rents dropped nearly 9% and vacancy rates climbed to 7.4%, the area has roared back with consistent year-over-year growth since 2018. The recent surge is particularly notable - rents jumped 9.6% in 2023 and another 9.2% in 2024, driven by strong demand for urban living and limited new supply. The current 4.1% vacancy rate suggests a balanced market with opportunities for both landlords and renters, though competition remains healthy for well-priced units.
For Investors
Mission/Beltline offers strong fundamentals for rental property investors. The neighborhood's rental rates have grown at a 4.1% compound annual rate since 2010, outpacing inflation and many Calgary neighborhoods. Different property types serve distinct tenant demographics - condos attract young professionals and downsizers, while houses and duplexes appeal to families seeking urban convenience. Using our calculator helps you price competitively while maximizing returns; overpricing by even $100/month can mean weeks of vacancy in a 4% vacancy market, costing you more than any potential premium.
Use our calculator to price competitively and maximize returns
For Renters
Understanding fair market rent here is crucial because there's such a wide range depending on property type and specific location within Mission/Beltline. A basement suite might run $1,400 while a house could be $3,100 - knowing where your potential rental sits in this spectrum matters. With vacancy at 4.1%, you have reasonable leverage in negotiations, but quality units still move quickly. Our calculator considers the specific characteristics of your rental to give you a realistic benchmark, helping you avoid overpaying while understanding what's actually competitive in today's market. Whether you're looking at a trendy Beltline condo or a quieter Mission walk-up, data-driven pricing gives you confidence in your rental decisions.
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Average Rent by Bedrooms
Average Rent by Property Type
Historical Rent Trends
| Year | Avg Rent | YoY Change | Vacancy |
|---|---|---|---|
| 2010 | $1,382 | — | 4.1% |
| 2011 | $1,393 | +0.8% | 1.6% |
| 2012 | $1,479 | +6.2% | 1.1% |
| 2013 | $1,569 | +6.1% | 0.9% |
| 2014 | $1,769 | +12.7% | 1.1% |
| 2015 | $1,731 | -2.1% | 4.5% |
| 2016 | $1,686 | -2.6% | 5.2% |
| 2017 | $1,618 | -4.0% | 7.4% |
| 2018 | $1,733 | +7.1% | 5.7% |
| 2019 | $1,827 | +5.4% | 1.9% |
| 2020 | $1,761 | -3.6% | 5.3% |
| 2021 | $1,876 | +6.5% | 4.3% |
| 2022 | $1,952 | +4.1% | 4.0% |
| 2023 | $2,139 | +9.6% | 1.8% |
| 2024 | $2,336 | +9.2% | 4.1% |