
Cheap New Apartments for Rent in Edmonton, AB from $500 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in Edmonton.


District 121

Mayfair on Jasper

114 University

7344 Klapstein Cres SW

Dauk Commons At Stadium Yards

Park Ave - Westrich Group of Properties

Henday Suites

Le Louvre Residences

The Hendrix
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.

Lewis Block at Stadium Yards

The Parks

Connect Residences

Secord Landing

Capital Apartments

Vibe Lofts

Total Monthly Price
The Maverick

G17 Apartments at Tamarack

Augustana

49th Battalion Apartments
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.

The Edge

Cachet at Heritage Valley

Maple Crest Place

Raymond Block

The Northbank

Cadence at Griesbach

Total Monthly Price
Mercury Block

La Vie Luxury Living

Citizen on Jasper

The Fifth at Palisades
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.

Total Monthly Price
The Cobalt

University Heights - Westrich Group of Properties

G4 - Westrich Group of Properties

Altairus Residences

High Pointe at Clareview

Allen Manor

The Switch at Station Lands

Maple Crest

Henley Heights

West92
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.

The Oliver

Garrison Green

Century Gardens

Peak Residences

Essential Aurora

The Trax

Rosenthal Flats

Urban Flats

Heritage Valley Apartments

The James
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.
Edmonton, AB Local Guide
How much does it cost to rent an apartment in Edmonton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Edmonton Studio Apartments | $1,144 | $749 | $2,230 |
| Edmonton 1 Bedroom Apartments | $1,461 | $900 | $3,600 |
| Edmonton 2 Bedroom Apartments | $1,841 | $1,000 | $5,000 |
| Edmonton 3 Bedroom Apartments | $2,078 | $1,300 | $6,350 |
| Edmonton 4 Bedroom Apartments | $3,198 | $985 | $10,000+ |
Explore Edmonton
Edmonton, AB Local Guide
- Edmonton Neighborhoods
- Nearby Cities
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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 ArticleCash 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 ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Edmonton, AB Rentals by Map
See the most popular apartments and homes in Edmonton, AB
Edmonton, AB Area Reviews
Sophie • 2+ years in Edmonton
February 25, 2025well 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 $879.
What is the price of a cheap apartment in Edmonton?
The cheapest apartment in Edmonton is Priya Place which is listed at $879, while the average apartment in Edmonton costs $4,907.
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 107 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 $344 which is $4,563 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

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.

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.

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.

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.