Cheap Apartments for Rent in Edmonton, AB from C$600 (259 Rentals)

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Search the lowest-cost Apartments available for rent right now in Edmonton.

property at 9999 111 St NW

9999 111 St NW

EdmontonABT5K 1K3
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Tyrone Heritage Residences
Studio to 1 Bedroom Apartments

Tyrone Heritage Residences

10529 99th Ave NWEdmonton, AB T5K 0E7
  • Utilities Included
  • Smoke Free
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Lilac Manor
Studio to 1 Bedroom Apartments

Lilac Manor

10850 McQueen Rd NWEdmonton, AB T5N 3L4
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Elmwood
1 Bedroom Apartments

Elmwood

10138 123 St NWEdmonton, AB T5N 1N2
  • Utilities Included
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Edmonton, AB Local Guide

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Written By:
Brandie Parton
Local Expert

Cheapest Neighborhoods for Apartments in Edmonton, AB

Pricing Updated: 03/26/2025

Current apartment rentals in the Edmonton, AB area range in price from C$950 to C$6,500 with an overall median price of C$2,809. The three Edmonton neighborhoods with the lowest median rent pricing are West at C$950, North at C$1,015, and South at C$950. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Edmonton Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
WestC$1,833C$950436
NorthC$2,080C$1,0151086
SouthC$2,946C$9504307
South CentralC$3,065C$1,0251517
CentralC$3,466C$1,0153032
DowntownC$3,466C$1,0251543

Cheapest Available Edmonton Apartments for Rent

 

The cheapest available apartment rental in Edmonton, AB is a Studio unit found at Hartford Apartments in the Central neighborhood priced from C$697. Tyrone Heritage Residences in the Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from C$739. Here is today’s list of the most affordable Edmonton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hartford ApartmentsBachelorStudio,1BAC$697
Tyrone Heritage ResidencesBachelorStudio,1BAC$739
Mainstreet ParkBachelorStudio,1BAC$799
Heritage Trail Apartments 2BachelorStudio,1BAC$801
River Valley View Apartments 1BachelorStudio,1BAC$849
Heritage Trail Apartments 1BachelorStudio,1BAC$849
Oakmount ManorBachelorStudio,1BAC$851
Oasis ApartmentsBachelorStudio,1BAC$873
Waselenak PlaceBachelorStudio,1BAC$889
Hansen HouseBachelorStudio,1BAC$895

Best Value Apartments for Rent in Edmonton, AB

As of March 26, 2025 the best value apartment in the Edmonton area is the C$1.26 price per square foot 2 Beds, 1 Baths Model at The View in the in the Central neighborhood starting from C$1,950. The second greatest value Edmonton apartment is the Classic Suite - 3 Bedroom Model at South Ridge Townhomes starting at C$1,655 with a C$1.34 price per square foot in the South neighborhood. Here is today’s list of the best values for Edmonton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The View2 Beds, 1 Baths2BR,1BAC$1.26
South Ridge TownhomesClassic Suite - 3 Bedroom3BR,1.5BAC$1.34
The Westmount3 Bedroom + 2 Bathroom3BR,2BAC$1.38
Brookside Terrace3 Bedroom3BR,1BAC$1.40
The Palisades2 Bedroom2BR,1BAC$1.33
Westridge Manor2 Bedroom2BR,1BAC$1.37
Joy Manor Apartments2 bedroom2BR,1BAC$1.38
Cambridge WestEton1BR,1BAC$1.27
The Residences on 104th1 Bedroom 1 Bath1BR,1BAC$1.44
Twilight Manor1 bedroom1BR,1BAC$1.35

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Edmonton Overview

As the northernmost city in North America, Edmonton, AB, boasts a metropolitan population of over a million residents. This city, which is located in the province of Alberta, Canada, features a beautiful mixture of diverse landscapes thanks to its location being between the boreal forest and the prairies, along with it being located just northeast of the Rocky Mountains. 

Why live in Edmonton, AB?

In addition to its picturesque landscape, Edmontonians, as the residents are called, are known for their friendliness and overall welcoming nature, making Edmonton a great city to move into and easily make friends. This unique appeal to a variety of age groups and life stations attracts the brightest and the best, which has led to it being one of the fastest-growing cities in all of Canada and one of the youngest, with a median age of 37. It is also an affordable place to relocate. As a result, it was ranked number one by the Canadian Home Builders’ Association when considering key factors that impact housing affordability and overall cost of living rates. 

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Edmonton, AB Rentals by Map

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See the most popular apartments and homes in Edmonton, AB

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Frequently Asked Questions about Cheap Edmonton Apartments

What is a cheap apartment in Edmonton?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Edmonton is under C$895.

What is the price of a cheap apartment in Edmonton?

The cheapest apartment in Edmonton is Waselenak Place which is listed at C$899, while the average apartment in Edmonton costs C$2,809.

What types of apartments are the cheapest in Edmonton?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 238 regular apartments in Edmonton that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Edmonton?

Cheap apartments in Edmonton have an average cost of C$383 which is C$2,426 cheaper than the average rent for all rentals in Edmonton.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.