Cheap Apartments for Rent in Edmonton, AB from $500 with Swimming Pool (22 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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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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Wyndham Crossing
$1,085 - $1,4351 to 3 Bedroom Apartments

Wyndham Crossing

4807 137 Av NWEdmonton, AB T5A 4A7
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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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Westridge Estates C
$1,112 - $1,394Studio to 2 Bedroom Apartments

Westridge Estates C

17104 75th Ave NWEdmonton, AB T5T 2R4
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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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Hearth Manor
$1,150 - $1,3001 Bedroom Apartments

Hearth Manor

10310 122nd St NWEdmonton, AB T5N 1M2
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Cambridge West
$1,225 - $1,3301 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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Victorian Arms
$1,285 - $1,6191 to 3 Bedroom Apartments

Victorian Arms

14624 72nd St NWEdmonton, AB T5C 0R7
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The Westmount
$1,333 - $1,9291 to 3 Bedroom Apartments

The Westmount

11230 St. Albert TrlEdmonton, AB T5M 3P2

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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Lakewood Apartments
$1,3951 to 3 Bedroom Apartments

Lakewood Apartments

1415 Lakewood Rd WEdmonton, AB T6K 3L2
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Edmonton, AB Local Guide

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.

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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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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.

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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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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 $859.

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 $5,370.

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 59 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 $514 which is $4,856 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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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.

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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.