Top Rated Cheap Apartments for Rent in Edmonton, AB from $500 (9 Rentals)

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Top Rated Apartments in Edmonton.

Cheap Apartments in Edmonton.

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Oliver 2 Apartments
$949 - $1,014Studio to 1 Bedroom Apartments

Oliver 2 Apartments

10325 115th St NWEdmonton, AB T5K 1V1
  • Utilities Included

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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Emily Martin Arms
$995 - $1,395Studio to 2 Bedroom Apartments

Emily Martin Arms

11012 82nd Ave NWEdmonton, AB T6G 2P6
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  • Utilities Included
  • Smoke Free
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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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Maureen Manor
$1,214 - $1,6341 to 2 Bedroom Apartments

Maureen Manor

9927 114th St NWEdmonton, AB T5K 1P8
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Capilano Tower
$1,338 - $1,3651 to 2 Bedroom Apartments

Capilano Tower

6205 101 Ave NWEdmonton, AB T6A 0H3

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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Sunset Valley Apartments
$1,450 - $1,5251 to 2 Bedroom Apartments

Sunset Valley Apartments

6120-6124 Stanton DrEdmonton, AB T6X 0Z4
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  • Utilities Included

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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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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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 $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 $6,486.

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 93 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 $374 which is $6,112 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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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.