Free rent offered as move-in incentive at these Calgary properties

Jul 16 2020, 3:11 pm

While finding an affordable place has never been too much of an issue in Calgary, the COVID-19 pandemic has resulted in even more rental units becoming available in the market.

And with lack of jobs, along with short-term rentals going back into the market due to lack of tourism, Rentals.ca has highlighted some properties in and around Calgary offering move-in incentives like free month’s rent.

The free rent incentives are being offered by property managers due to vacancy rates.

The team at Rentals.ca told Daily Hive that many things are at play here.

“Renters are being cautious in moving because of the pandemic and uncertainty with their jobs and the economy. Also, there are more units available for a variety of reasons. One is that we are seeing more furnished units on the market because some short-term rentals are being converted to long-term rentals.”

According to the last Calgary census, the rental vacancy rate had been 3.9% as of 2019 with the average rent sitting at just under $1,200.

“Rental rates may not fall further, because demand for rentals is expected to pick up as the lockdown ends, recent graduates start their careers, people cooped up with family or roommates look for their own place, and the border opens up to foreign students, temporary residents, contract workers, and immigrants,” said Matt Danison, CEO of Rentals.ca.

So if you’re in the market for a new spot, here are Calgary rental units offering incentives, according to rentals.ca:

620 67th Avenue SW

One month free, $1,000 move-in bonus, and a $499 security deposit.

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rentals.ca

104 26 Avenue SW

One month free, $1,000 move-in bonus, and a $499 security deposit.

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rentals.ca

620 10 Avenue SW

1.5 months free rent, no pet fee.

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rentals.ca

4135 University Ave NW (Formerly West Campus Way)

One month free rent and free internet, cable, and phone for a year.

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rentals.ca

618 5th Avenue SW

One month free rent, $250 sign-in bonus, and free early move-in.

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rentals.ca

1320 16 Avenue SW

One month free rent on select suites.

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rentals.ca

30 Kincora Glen Park Northwest

50% off first month of rent and reduced damage deposit.

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rentals.ca

Free rent for first month, damage deposit reduced to $499.

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rentals.ca

73 Skyview Point Crescent NE

$600 off select suites, reduced damage deposit for seniors.

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rentals.com

2120 Southland Drive S.W.

One month free rent.

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rentals.ca

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