Rental Market Trends in Banff, AB
What is the average rent in Banff, AB?
$1,945/month
Average Rent
600 Sq Ft
Average Apartment Size
+0.5%
Increase in the Last Year
As of July 2026, the average rent in Banff, AB was $1,945/month. When you rent an apartment in Banff, you can expect to pay as little as to as much as $2,490, depending on the location and size of the apartment.
How much has average rent changed in Banff, AB?
In the past year, rent has increased by 0.5%, which averages out to $11 more per month.
What salary do I need to live comfortably in Banff, AB?
Because the average rent in Banff is $1,945, you’ll want to make about $6,483 per month or $77,796 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Frequently Asked Questions
What is the average rent in Banff?
The average rent in Banff is $1,945 per month, which is 12.9% higher than the national average of $1,723.
Are rents going up or down in Banff?
Rents in Banff, AB are increasing, with prices up 0.5% year-over-year and $11 more per month.
What rent range is most common in Banff?
In Banff, AB, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.