Cheap Apartments for Rent in Edmonton, AB from C$600 (388 Rentals)

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Cheap Apartments in Edmonton.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 9999 111 St NW

9999 111 St NW

EdmontonABT5K 1K3
property at 8510 111 St NW

8510 111 St NW

EdmontonABT6G 1H7
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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: 05/05/2025

Current apartment rentals in the Edmonton, AB area range in price from C$899 to C$4,204 with an overall median price of C$2,504. The three Edmonton neighborhoods with the lowest median rent pricing are West at C$1,025, North at C$899, and South at C$899. 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$1,950C$1,02531
NorthC$2,100C$899184
SouthC$2,190C$899264
South CentralC$2,743C$96099
DowntownC$2,995C$96096
CentralC$3,049C$899169

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. Mainstreet Park in the Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from C$799. Here is today’s list of the most affordable Edmonton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hartford ApartmentsBachelorStudio,1BAC$697
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
Fernwood ApartmentsClassic Suite - BachelorStudio,1BAC$869
Oasis ApartmentsBachelorStudio,1BAC$873
Waselenak PlaceBachelorStudio,1BAC$889
Hansen HouseBachelorStudio,1BAC$895

Best Value Apartments for Rent in Edmonton, AB

As of May 05, 2025 the best value apartment in the Edmonton area is the C$1.40 price per square foot 3 Bedroom Townhouse Premium Model at Castleridge Estates in the in the North neighborhood starting from C$1,684. The second greatest value Edmonton apartment is the 2 Bedroom Model at The Palisades starting at C$1,660 with a C$1.43 price per square foot in the Central 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.
Castleridge Estates3 Bedroom Townhouse Premium3BR,1BAC$1.40
The Palisades2 Bedroom2BR,1BAC$1.43
Pembroke Estates3 Bedroom3BR,1.5BAC$1.44
Westridge Manor2 Bedroom2BR,1BAC$1.38
Park Place SouthThe Willow2BR,1BAC$1.26
Wellington Park Townhomes2 bedroom2BR,1BAC$1.41
Joy Manor Apartments2 bedroom2BR,1BAC$1.38
Whitehall Square2 Bedroom2BR,1BAC$1.44
Cambridge WestEton1BR,1BAC$1.27
Cameron CountyClassic Suite - 1 Bedroom1BR,1BAC$1.44

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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Edmonton, AB Area Reviews

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Sophie • 2+ years in Edmonton

February 25, 2025

well the rent is too hight for new comers and for people who really need to move.

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$2,504.

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 10 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$246 which is C$2,258 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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.