Cheap Apartments for Rent in Edmonton, AB from $699 (729 Rentals)

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

property at 8920 180 St NW
$795

Total Monthly Price

Base Rent$795
Total Monthly Price$795
Studio, 1 Bath Home for Rent
Available Now
Furnished

8920 180 St NW

EdmontonABT5T 0Y4
  • Smoke Free

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 8615-8108 108 St NW
$900 - $2,400
Studio To 3 Bedroom Rentals
Available Now
Affordability

8615-8108 108 St NW

EdmontonABT6E 4A7

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 8903-8123 123 Ave NW
$995 - $1,950
1 To 3 Bedroom Rentals
Available Now
Affordability

8903-8123 123 Ave NW

EdmontonABT5B 3W6
  • Smoke Free
property at 9821 156 St NW
$1,000 - $1,100

Total Monthly Price

Base Rent$1,000 - $1,100
Total Monthly Price$1,000 - $1,100
Studio To 1 Bedroom Homes for Rent
Available Now
Affordability

9821 156 St NW

EdmontonABT5P 2P2
  • Smoke Free

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.

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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: 09/08/2026

Current apartment rentals in the Edmonton, AB area range in price from $648 to $13,663 with an overall median price of $1,591. The three Edmonton neighborhoods with the lowest median rent pricing are Downtown at $1,485, North at $1,505, and Central at $1,573. 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$1,485$825283
North$1,505$648598
Central$1,573$699532
South Central$1,575$900143
South$1,660$795894
West$1,732$795228

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 $699. Arcade Heritage Apartments in the Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $779. Here is today’s list of the most affordable Edmonton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hartford ApartmentsBachelorStudio,1BA$699
Arcade Heritage ApartmentsBachelorStudio,1BA$779
Nicoll Manor ApartmentsBachelorStudio,1BA$799
Heritage Trail Apartments 2BachelorStudio,1BA$801
Rosewood Manor- BachelorStudio,1BA$825
Cornerstone ApartmentsBachelorStudio,1BA$829
Vista Green ApartmentsBachelorStudio,1BA$829
River Valley View Apartments 1BachelorStudio,1BA$849
Mainstreet Park ApartmentsBachelorStudio,1BA$849
Alexander ApartmentsBachelorStudio,1BA$849

Best Value Apartments for Rent in Edmonton, AB

As of September 08, 2026 the best value apartment in the Edmonton area is the $1.09 price per square foot - 3 Bedroom Model at South Ridge Townhomes in the in the South neighborhood starting from $1,599. The second greatest value Edmonton apartment is the 3 Bed 1.5 Bath Model at The Palisades starting at $1,569 with a $1.21 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.
South Ridge Townhomes- 3 Bedroom3BR,1.5BA$1.09
The Palisades3 Bed 1.5 Bath3BR,1.5BA$1.21
South Ridge Apartments- 3 Bedroom3BR,1.5BA$1.23
Brookside Terrace3 Bedroom Basement3BR,1BA$1.30
Summerlea Place2 Bedroom + Den2BR,1BA$1.30
Park Place SouthThe Willow2BR,1BA$1.21
Cambridge WestEton1BR,1BA$1.29
Cameron County- 1 Bedroom1BR,1BA$1.27
Style Manor1 bedroom1BR,1BA$1.25
Eastwood1 bed1BR,1BA$1.27

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.

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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $849.

What is the price of a cheap apartment in Edmonton?

The cheapest apartment in Edmonton is Mainstreet on 124th Apartments which is listed at $864, while the average apartment in Edmonton costs $1,591.

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 56 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 $263 which is $1,328 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.