Rental Market Trends in Banff, AB
Updated September 2026
The average rent in Banff, AB is $1,897/month.
$1,897/month
Average Rent
600 Sq Ft
Average Size
-2%
Change / Year
0
Available Apartments
Banff rent varies by unit size and layout:
- Studio apartments in Banff average per month.
- One-bedroom apartments in Banff average $1,897 per month.
- Two-bedroom apartments in Banff average $2,172 per month.
- Three-bedroom apartments in Banff average $2,395 or more per month.
Average Rent by Home Type
How much has average rent changed in Banff, AB?
In the past year, rent has decreased by 2%, which averages out to $37 less per month.
Market Trends Over Time
September 2026
Rent Ranges in Banff, AB
What salary do I need to live comfortably in Banff, AB?
Because the average rent in Banff is $1,897, you’ll want to make about $6,323 per month or $75,876 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.
How does Banff, AB compare to other nearby cities and neighbourhoods?
Use the tool below to compare Banff, AB to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Frequently Asked Questions
What is the average rent in Banff?
The average rent in Banff is $1,897 per month, which is 8.4% higher than the national average of $1,750.
Are rents going up or down in Banff?
Rents in Banff, AB are decreasing, with prices down 2.0% year-over-year and $37 less 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.