Cheap Homes for Rent in Edmonton, AB from C$300 (40 Rentals)

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 9475 Colak Ln SW

9475 Colak Ln SW

EdmontonABT6W 1A6

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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Edmonton, AB Local Guide

Cheapest Neighborhoods for Apartments in Edmonton, AB

Pricing Updated: 05/12/2025

Current apartment rentals in the Edmonton, AB area range in price from C$825 to C$4,530 with an overall median price of C$2,509. The three Edmonton neighborhoods with the lowest median rent pricing are West at C$825, South at C$825, and North 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$1,800C$82531
SouthC$1,960C$825296
NorthC$2,010C$899226
South CentralC$2,995C$96094
CentralC$3,121C$899200
DowntownC$3,168C$960102

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. Arcade Heritage Apartments in the Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from C$779. Here is today’s list of the most affordable Edmonton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hartford ApartmentsBachelorStudio,1BAC$697
Arcade Heritage ApartmentsBachelorStudio,1BAC$779
Mainstreet ParkBachelorStudio,1BAC$799
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 12, 2025 the best value apartment in the Edmonton area is the C$1.34 price per square foot Classic Suite - 3 Bedroom Model at South Ridge Townhomes in the in the South neighborhood starting from C$1,655. The second greatest value Edmonton apartment is the 3 Bedroom Townhouse Model at Castleridge Estates starting at C$1,609 with a C$1.34 price per square foot in the North 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.
South Ridge TownhomesClassic Suite - 3 Bedroom3BR,1.5BAC$1.34
Castleridge Estates3 Bedroom Townhouse3BR,1BAC$1.34
Brookside Terrace3 Bedroom3BR,1BAC$1.39
The Palisades2 Bedroom2BR,1BAC$1.43
Pembroke Estates3 Bedroom3BR,1.5BAC$1.44
Creston Place Townhomes2 Bedroom2BR,2BAC$1.43
Westridge Manor2 Bedroom2BR,1BAC$1.38
Wellington Park Townhomes2 bedroom2BR,1BAC$1.41
Joy Manor Apartments2 bedroom2BR,1BAC$1.38
Cambridge WestEton1BR,1BAC$1.27

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, 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 Edmonton

What type of rentals are currently available in Edmonton?

There are currently 3796 Apartments for Rent in Edmonton, AB with pricing that ranges from C$825 to C$4,530. There are also 173 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edmonton ranging from C$300 to C$3,375.

What is the current price range for Rental Homes in Edmonton?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Edmonton ranges from C$300 to C$3,375 with an average monthly rent of C$2,014.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.