Why do you need a two bedroom place? If you're just moving out on your own, you probably don't have much stuff. A one bedroom apartment will likely be good enough.
Also, if you're going to be spending $500 a month on "fun", do you really want to be out in the suburbs? I assume you're young and single, and the exciting nightlife in Calgary isn't in Cranston or Tuscany. You'll either be spending a lot of money on cabs, or risking an impaired charge every time you go downtown.
A one bedroom apartment close to downtown, but not right downtown (Crescent Heights, Renfrew, etc) should be in the $1000/month range.
I used to live in Kingsland, south of Chinook, and that was a good area too. There are lots of apartment buildings near Chinook, and you have easy access to everything you'd ever need, and a cab to/from downtown was only about $15-20.
If you make $20/hour full time, you'd be grossing about $3200/month, which would give you a take home a little over $2000/month, which should work for you.
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