Calgary on a Budget – Affordable Neighbourhoods with Great Value

Calgary is often praised for its stunning natural beauty, vibrant culture, and thriving economy. While it’s one of Canada’s most desirable cities, it can also come with a higher cost of living, particularly in certain areas. However, if you’re planning to move to Calgary or are a current resident looking to stretch your dollar further, the city does have several affordable neighbourhoods offering great value. You can enjoy family-friendly communities or up-and-coming hotspots without sacrificing your budget. 

We’ve done a deep dive into some of Calgary’s most affordable neighbourhoods, highlighting what makes them great places to live while keeping costs manageable.

1. Dover

Why It’s Affordable: In Calgary’s southeast quadrant, housing prices in Dover are significantly lower than the city average, making it an excellent choice for first-time homebuyers or renters seeking affordability.

Key Features:

• Proximity to downtown: Dover is just a 15-minute drive from Calgary’s core, making it convenient for commuters.
• Green spaces: The area has easy access to the Bow River Pathway and several parks, such as Valleyview Park, offering ample opportunities for outdoor activities.
• Schools and amenities: Dover has several schools, making it a practical choice for families. Grocery stores, libraries, and recreational facilities are also close at hand.

Who It’s Best For: Budget-conscious individuals or families who prioritize affordability and accessibility to downtown.

2. Forest Lawn

Why It’s Affordable: Another southeast gem, Forest Lawn, offers some of Calgary’s most competitively priced homes and rentals. While historically perceived as less desirable, recent developments and community initiatives have significantly improved its appeal.

Key Features:

• Multicultural hub: Forest Lawn is one of Calgary’s most diverse neighbourhoods, with international restaurants and shops. The International Avenue (17th Avenue SE) is a culinary haven offering cuisine from around the world.
• Redevelopment projects: Ongoing efforts to revitalize the area are attracting new businesses and residents, which could increase property values in the future.
• Accessibility: Forest Lawn is well-connected to major transit routes, making it easy to navigate the city.

Who It’s Best For: Those looking for affordable living with a multicultural atmosphere and potential investment opportunities in an up-and-coming neighbourhood.

3. Marlborough

Why It’s Affordable: Marlborough, in the northeast, is another budget-friendly option with a reputation for being family-oriented and community-driven.

Key Features:

• Amenities galore: The Marlborough Mall, public libraries, and multiple recreational facilities make this neighbourhood highly convenient.
• Transit access: Marlborough is served by the CTrain’s Blue Line, providing residents with a quick and cost-effective way to reach downtown or other parts of Calgary.
• Schools: With several schools in the area, Marlborough is ideal for families with children.

Who It’s Best For: Families and individuals seeking a balance between affordability and convenience.

4. Penbrooke Meadows

Why It’s Affordable: Nestled in the southeast quadrant, Penbrooke Meadows offers modestly priced homes and rentals, making it a hidden gem for those on a tight budget.

Key Features:

• Community spirit: Penbrooke Meadows has an active community association that fosters a welcoming environment.
• Accessibility: The area is well-connected by Calgary Transit and is close to major roadways like Deerfoot Trail and Stoney Trail.
• Schools and childcare: Various schools and childcare options cater to families looking to settle in this quiet neighbourhood.

Who It’s Best For: Individuals and families looking for a tight-knit community with low housing costs.

5. Huntington Hills

Why It’s Affordable: Located in Calgary’s northwest, Huntington Hills offers excellent value for its proximity to downtown and the Calgary International Airport.

Key Features:

• Green spaces: Nose Hill Park, one of Calgary’s largest urban parks, is just a stone’s throw away, perfect for hiking, cycling, and picnicking.
• Recreation facilities: The Thornhill Aquatic and Recreation Centre is a hub for fitness and leisure activities.
• Established community: Huntington Hills boasts mature trees, wide streets, and a peaceful suburban feel.

Who It’s Best For: Young professionals and families seeking affordability without sacrificing access to green spaces and amenities.

6. Bowness

Why It’s Affordable: Bowness offers a blend of affordability and charm with its small-town feel and close-knit community atmosphere.

Key Features:

• Proximity to nature: Bowness Park and the Bow River are major draws for outdoor enthusiasts. You can enjoy picnics and paddle boating in the summer, while winter brings skating and sledding opportunities.
• Thriving local businesses: Bowness has a variety of locally owned shops and cafes, adding to its appeal.
• Historic charm: As one of Calgary’s oldest neighbourhoods, Bowness boasts character and history.

Who It’s Best For: Nature lovers and those who appreciate a slower pace of life with access to urban amenities.

7. Rundle

Why It’s Affordable: In northeast Calgary, Rundle is a quiet residential neighbourhood known for its affordability and convenience.

Key Features:

• Diverse housing: From single-family homes to townhouses and apartments, Rundle offers a variety of housing options to suit different budgets.
• Accessibility: The CTrain’s Blue Line runs through Rundle, providing quick access to downtown and other key areas.
• Healthcare access: Rundle is home to the Peter Lougheed Centre, one of Calgary’s major hospitals.

Who It’s Best For: Healthcare professionals, commuters, and budget-conscious individuals looking for well-connected housing.

8. Rosscarrock

Why It’s Affordable: Situated just west of downtown, Rosscarrock is an up-and-coming neighbourhood that offers excellent value for its location.

Key Features:

• Proximity to downtown: Rosscarrock’s close location means shorter commutes for those working in the city center.
• Urban amenities: Rosscarrock is home to Westbrook Mall and Jubilations Dinner Theatre and is close to a public library and the Westbrook CTrain station, ensuring convenience for residents.
• Redevelopment potential: As more developers look to build in Rosscarrock, the neighbourhood is becoming a hotspot for young professionals and investors.

Who It’s Best For: Urbanites seeking affordability near the city core.

Tips for Living in Calgary on a Budget

Moving to Calgary doesn’t have to mean sacrificing quality of life to stay within your financial means. Here are a few tips to make the most of your budget:

• Leverage Public Transit:
  Calgary Transit is a cost-effective way to get around. Many of the affordable neighbourhoods listed above are well-connected by CTrain lines or bus routes.

• Embrace Community Activities:
  Calgary has a vibrant community scene, with free or low-cost events, festivals, and outdoor activities year-round.

• Shop Local:
  Farmer’s markets and local shops can offer affordable groceries and unique finds while supporting small businesses.

• Explore Nature for Free:
  Calgary’s extensive network of parks and pathways provides endless opportunities for outdoor fun without spending a dime.

Living in Calgary doesn’t have to strain your finances. Finding an affordable neighbourhood that matches your lifestyle and budget is well within reach. Don’t know which neighbourhood is right for you? Reach out to a Benchmark Realtor today!