Cheap Apartments for Rent in Edmonton, AB from $500 (489 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 10

Edmonton, AB Local Guide

Photo of Brandie Parton - Local Expert
Written By:
Brandie Parton
Local Expert

Cheapest Neighborhoods for Apartments in Edmonton, AB

Pricing Updated: 01/23/2026

Current apartment rentals in the Edmonton, AB area range in price from $621 to $5,000 with an overall median price of $2,112. The three Edmonton neighborhoods with the lowest median rent pricing are Downtown at $801, South at $750, and North at $621. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Edmonton Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown$1,905$801307
South$1,906$750991
North$1,999$621685
Central$2,065$801625
West$2,199$849288
South Central$2,602$750165

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 $697. Franz Haus in the Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Edmonton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hartford ApartmentsBachelorStudio,1BA$697
Franz HausBachelorStudio,1BA$725
Arcade Heritage ApartmentsBachelorStudio,1BA$779
Simon's Court- BachelorStudio,1BA$824
River Valley View Apartments 1BachelorStudio,1BA$849
Mainstreet ParkBachelorStudio,1BA$849
Hansen HouseBachelorStudio,1BA$895
Hilton ManorBachelorStudio,1BA$899
Waselenak Place1 bedroom1BR,1BA$899
Twinson1 Bedroom1BR,1BA$900

Best Value Apartments for Rent in Edmonton, AB

As of January 23, 2026 the best value apartment in the Edmonton area is the $1.25 price per square foot - 3 Bedroom Model at South Ridge Townhomes in the in the South neighborhood starting from $1,825. The second greatest value Edmonton apartment is the Clover 3 Model at Callaghan Landing II starting at $1,750 with a $1.36 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.
South Ridge Townhomes- 3 Bedroom3BR,1.5BA$1.25
Callaghan Landing IIClover 33BR,2.5BA$1.36
South Ridge Apartments- 3 Bedroom3BR,1.5BA$1.33
Tamarack East & West2 Bedroom + Den2BR,1BA$1.21
Terwillegar Park ManorTwo Bedroom2BR,1BA$1.24
Huntington Place2 Bedroom2BR,1.5BA$1.34
The MaplesTwo Bedroom + Den2BR,1BA$1.33
Lord Byron Tower III2 Bedroom2BR,1.5BA$1.35
Westridge Manor2 Bedroom2BR,1BA$1.36
Ekota Manor2 Bedroom2BR,1BA$1.18

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in Edmonton, AB

View Map
Edmonton, AB Apartments Map
View Map
Edmonton, AB Rental Homes Map

Edmonton, AB Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 $900.

What is the price of a cheap apartment in Edmonton?

The cheapest apartment in Edmonton is Waselenak Place which is listed at $899, while the average apartment in Edmonton costs $2,112.

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 49 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 $927 which is $1,185 cheaper than the average rent for all rentals in Edmonton.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.