2 Days Ago
Highlights
Pet Friendly
Location
500 Towerlane Dr Sw, Airdrie, AB T4B 2K8, CAN|Downtown
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Property Overview
Tower Lane Terrace Apartments has received an impressive Zumper Expert Rating of 9.1/10, indicating it is an excellent option for renters. The property features a perfect price rating of 10/10, showcasing its competitive pricing relative to its amenities and location, which also rated highly at 9/10 for convenience and quality of life. Additionally, it is noted for its suitability for remote work, offering a quiet environment and essential utilities, appealing to those seeking a balanced lifestyle.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Great for
Work-from-home
Floor plans
| 1 Bedroom | 1 bed | 1 bath | 776 sqft | $1,399 /mo | 1 unit available | ||
| 2 Bedroom | 2 bed | 1 bath | 935 sqft | $1,659 /mo |
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Amenities for Tower Lane Terrace Apartments
Apartment Amenities
| Heat | Hot Water |
| Utilities Included |
Appliances
| Fridge | Stove |
Tech
| Internet Ready |
Building
| Cats OK | Dogs OK |
| Onsite Laundry |
Services
| On-Site Management |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Deposit
One-time.
$499
OPTIONAL FEES
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Parking Policy
Surface Lot
Surface Lot
Parking Fee
Monthly. 2 surface lots max. Unassigned parking.
$25
Questions about this property’s policies and fees?
Building details
Property details
| Year built | 1981 |
|---|---|
| Lease terms | 12 months |
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About Tower Lane Terrace Apartments
TOWER LANE - Convenient, Connected Living in Central Airdrie Reduced Security Deposit From $499 & Exclusive TELUS Offers Welcome to Tower Lane, a pet friendly apartment community in the heart of Airdrie, just steps from Tower Lane Mall and Iron Horse Park. Choose from functional 1 and 2 bedroom suites, with easy access to Deerfoot Trail, local transit, green spaces, parks, and playgrounds. Virtual showings are available to help you find your perfect home from wherever you are. Highlights: - Functional 1 and 2 bedroom suites - Standard and upgraded suite options - Outdoor parking available, starting at $25 per month - Smart Card laundry facilities on site - Walking distance to Tower Lane Mall and Iron Horse Park - Quick access to Deerfoot Trail and local transit Comfort & Convenience: - Reduced security deposit from $499 - 24/7 customer service and on call emergency maintenance - On site cleaning staff - On site landscaping and snow removal - On site security - Utilities included: heat and water Community Perks: - Free Resident Member events - Community involvement opportunities - Exclusive discounts with local businesses, including partners like Sleep Country and a $50 NEO Financial credit card offer, plus more - Referral program - Exclusive rates on TELUS Optik TV and High Speed Internet - Virtual showings available Start getting to know the Boardwalk community by following @bwalkcommunity on Facebook and Instagram. Note: Information posted, including suite availability, security deposits, rental rates and incentives are subject to change without notice or may vary by suite type. Current Resident Members can contact the Customer Service Representative to discuss lease renewal options. Suites and floor plans may not be as shown. Some conditions apply. Rental rates listed are net and include current incentives when applicable. Incentives advertised are for new applicants. Internal transfers are subject to conditions found within the Transfer Agreement. Steps from Tower Lane Mall and Iron Horse Park. Choose from functional 1 and 2 bedroom suites, with easy access to Deerfoot Trail, local transit, green spaces, parks, and playgrounds. Virtual showings are available to help you find your perfect home from wherever you are. Utilities Included: - Heat - Water
Year Built: 1981
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.1
/10
ExcellentTower Lane Terrace Apartments is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Tower Lane Terrace Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Tower Lane Terrace Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Tower Lane Terrace Apartments receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Tower Lane Terrace Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Tower Lane Terrace Apartments has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Tower Lane Terrace Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Tower Lane Terrace Apartments is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Tower Lane Terrace Apartments compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
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Rent trends in Downtown
1-bedroom apartments here are priced 6% lower than 1-bedrooms in Downtown.
If you decide to upgrade your space, you can expect 2-bedrooms at Tower Lane Terrace Apartments to be 5% less than the average for similarly sized apartments in Downtown.
Median rents as of Mar 7 2026.
Downtown
Airdrie
| Month | Median Rent |
|---|---|
| March 2024 | $1,620 |
| April 2024 | $1,622 |
| May 2024 | $1,631 |
| June 2024 | $1,608 |
| July 2024 | $1,578 |
| August 2024 | $1,503 |
| September 2024 | $1,595 |
| October 2024 | $1,559 |
| November 2024 | $1,543 |
| December 2024 | $1,505 |
| January 2025 | $1,540 |
| February 2025 | $1,544 |
| March 2025 | $1,489 |
| April 2025 | $1,475 |
| May 2025 | $1,449 |
| June 2025 | $1,456 |
| July 2025 | $1,484 |
| August 2025 | $1,462 |
| September 2025 | $1,448 |
| October 2025 | $1,449 |
| November 2025 | $1,503 |
| December 2025 | $1,434 |
| January 2026 | $1,474 |
| February 2026 | $1,442 |
| March 2026 | $1,419 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,720 |
| September 2024 | $1,657 |
| October 2024 | $1,592 |
| November 2024 | $1,592 |
| December 2024 | $1,514 |
| January 2025 | $1,534 |
| February 2025 | $1,552 |
| March 2025 | $1,504 |
| April 2025 | $1,533 |
| May 2025 | $1,559 |
| June 2025 | $1,564 |
| July 2025 | $1,544 |
| August 2025 | $1,489 |
| September 2025 | $1,491 |
| October 2025 | $1,494 |
| November 2025 | $1,523 |
| December 2025 | $1,477 |
| January 2026 | $1,506 |
| February 2026 | $1,484 |
| March 2026 | $1,483 |
Affordability calculator
Can I afford to live at 500 Towerlane Dr Sw?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$55,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $55,960 annually to afford this 1-bedroom monthly rent price of $1,399.
For more information on rent affordability, visit our rent calculator.
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Internet available near Tower Lane Terrace Apartments
Getting around Airdrie near 500 Towerlane Dr Sw
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
2/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 500 Towerlane Dr Sw, Airdrie
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
4/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Nightlife
3/10
Few or no bars within walking distance
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