Cheap Apartments for Rent in Edmonton, AB from $500 with Swimming Pool (21 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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Princeton Manor
$995 - $1,450Studio to 2 Bedroom Apartments

Princeton Manor

10235 119th St NWEdmonton, AB T5K 1Z3
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Westridge Estates C
$997 - $1,437Studio to 2 Bedroom Apartments

Westridge Estates C

17104 75th Ave NWEdmonton, AB T5T 2R4
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Style Manor
$999 - $1,500Studio to 2 Bedroom Apartments

Style Manor

10227 119th St NWEdmonton, AB T5K 1Z3
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Ferncrest Manor
$1,075 - $1,4501 to 2 Bedroom Apartments

Ferncrest Manor

10335 123rd St NWEdmonton, AB T5N 1N5
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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Hearth Manor
$1,150 - $1,3001 Bedroom Apartments

Hearth Manor

10310 122nd St NWEdmonton, AB T5N 1M2
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Hillcrest Manor
$1,150 - $1,3001 Bedroom Apartments

Hillcrest Manor

10340 122nd St NWEdmonton, AB T5N 1M2
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Cambridge West
$1,190 - $1,4951 to 3 Bedroom Apartments

Cambridge West

8808 165th St NWEdmonton, AB T5R 2R9
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Pineridge Apartments
$1,250 - $1,395Studio to 2 Bedroom Apartments

Pineridge Apartments

2207 118 StEdmonton, AB T6J 6L8
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The Westmount
$1,361 - $1,9291 to 3 Bedroom Apartments

The Westmount

11230 St. Albert TrlEdmonton, AB T5M 3P2
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Lakewood Apartments
$1,3951 to 3 Bedroom Apartments

Lakewood Apartments

1415 Lakewood Rd WEdmonton, AB T6K 3L2
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Broadmoor
$1,455 - $1,8752 to 3 Bedroom Apartments

Broadmoor

9033 184th StEdmonton, AB T5T 1W2
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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.

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

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Edmonton, AB Area Reviews

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Sophie2+ 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 $829.

What is the price of a cheap apartment in Edmonton?

The cheapest apartment in Edmonton is Shannon Villa which is listed at $784, while the average apartment in Edmonton costs $5,688.

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 71 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 $266 which is $5,422 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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.