Cheap New Apartments for Rent in Edmonton, AB from $500 (71 Rentals)

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

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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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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Mercury Block
Rent Specials
$1,435 - $2,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,435 - $2,600
Total Monthly Price
$1,435 - $2,600
Built in 20241 to 3 Bedroom Apartments Available Now

Mercury Block

12322 102 Av NWEdmonton, AB T5N 3P7
Affordability
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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.

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The Cobalt
Rent Specials
$1,475 - $3,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,475 - $3,150
Total Monthly Price
$1,475 - $3,150
Built in 20261 to 3 Bedroom Apartments Available Now

The Cobalt

10146 123 St NWEdmonton, AB T5N 3W8
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Altairus Residences
$700 - $2,850Built in 2025Studio to 3 Bedroom Apartments

Altairus Residences

10742 86 Av NWEdmonton, AB T6E 2M9
  • Utilities Included
  • Smoke Free
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High Pointe at Clareview
$1,000 - $2,150Built in 20251 to 3 Bedroom Apartments

High Pointe at Clareview

4203 145 Av NWEdmonton, AB T5Y 2S3
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Allen Manor
$1,060 - $1,589Built in 2017Studio to 3 Bedroom Apartments

Allen Manor

7920 71 St NWEdmonton, AB T6B 1X1
  • Utilities Included

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.

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Westgate Apartments
$1,075 - $1,695Built in 2017Studio to 3 Bedroom Apartments

Westgate Apartments

9560 163 St NWEdmonton, AB T5K 0Z7
  • Utilities Included
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Garrison Green
$1,171 - $1,885Built in 20241 to 4 Bedroom Apartments

Garrison Green

15123 25 St NWEdmonton, AB T5Y 4J6
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The Oliver
$1,200 - $1,950Built in 2016Studio to 2 Bedroom Apartments

The Oliver

12210-12230 Jasper Ave NWEdmonton, AB T5N 3K3
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The Switch at Station Lands
$1,219 - $3,849Built in 2024Studio to 3 Bedroom Apartments

The Switch at Station Lands

10465 101 St NWEdmonton, AB T5H 1J6
Furnished
  • Utilities Included
  • Smoke Free
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Maple Crest
$1,229 - $1,999Built in 20201 to 4 Bedroom Apartments

Maple Crest

460 37 Av NWEdmonton, AB T6T 2N3
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Henley Heights
$1,229 - $1,999Built in 20231 to 3 Bedroom Apartments

Henley Heights

9779 229 St NWEdmonton, AB T5T 7X6
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West92
$1,239 - $2,200Built in 2024Studio to 2 Bedroom Apartments

West92

21810-21816 82 Av NWEdmonton, AB T5T 1N1
  • Utilities Included
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Century Gardens
$1,285 - $2,293Built in 20231 to 3 Bedroom Apartments

Century Gardens

2815 109A StEdmonton, AB T6J 5V6
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Essential Aurora
$1,295 - $2,050Built in 20191 to 3 Bedroom Apartments

Essential Aurora

1332 Watt DrEdmonton, AB T6X 2N3
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Peak Residences
$1,299 - $2,155Built in 2024Studio to 3 Bedroom Apartments

Peak Residences

10058 102 St NWEdmonton, AB T5J 3N7
Furnished
  • Utilities Included
  • Smoke Free

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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Edmonton, AB Local Guide

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

Explore Edmonton, AB Rentals by Map

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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 $850.

What is the price of a cheap apartment in Edmonton?

The cheapest apartment in Edmonton is Mainstreet on 124th which is listed at $864, while the average apartment in Edmonton costs $6,893.

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 97 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 $369 which is $6,524 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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.