Cheap Apartments for Rent in the Central Neighborhood of Edmonton, AB from $500 (351 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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Cheapest Available Central Apartments for Rent

 

The cheapest available apartment rental in the Central area of Edmonton, AB is a Studio unit found at Hartford Apartments priced from $699. Arcade Heritage Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $779. Here are the most affordable Central apartments for rent in Edmonton, AB:

Apartment ListingModel NameBed/BathPriced From
Hartford ApartmentsBachelorStudio,1BA$699
Arcade Heritage ApartmentsBachelorStudio,1BA$779
Shannon Villa- 1 Bedroom1BR,1BA$798
Nicoll ManorBachelorStudio,1BA$799
SterlingStudioStudio,1BA$825
Vista GreenBachelorStudio,1BA$829
River Valley View Apartments 1BachelorStudio,1BA$849
PandoraBachelorStudio,1BA$850
MuttartBacelorStudio,1BA$850
Emerald Vista- 1 Bedroom1BR,1BA$859

Best Value Apartments for Rent in Central, AB

As of July 23, 2026 the best value apartment in the Central area is the $1.43 price per square foot 3 Bedroom Model at WestWynd in the in the Central neighborhood starting from $1,500. The second greatest value Central apartment is the - 2 Bedroom Model at The Regent starting at $1,200 with a $1.37 price per square foot in the Central neighborhood. Here is today’s list of the best values for Central apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
WestWynd3 Bedroom3BR,1BA$1.43
The Regent- 2 Bedroom2BR,1BA$1.37
Hillside Tower1 Bedroom-Owl1BR,1BA$1.43
Jasper Ave Lookout 21 Bedroom1BR,1BA$1.45
Second Street Manor2 bedroom2BR,1BA$1.39
Brittany Apartments- 1 Bedroom1BR,1BA$1.50
Joy Manor Apartments1 bedroom1BR,1BA$1.44
Parklane Gardens- 1 Bedroom1BR,1BA$1.45
Shannon Villa- 1 Bedroom1BR,1BA$1.27
Steven Manor- 1 Bedroom1BR,1BA$1.44

Frequently Asked Questions about Cheap Central Apartments

What is the Cheapest Studio apartment in Central?

Currently the most affordable Cheap Studio Apartment in Central is at Hartford Apartments listed at $699.

How much is rent for a Cheap One Bedroom Central Apartment?

The lowest price for a Cheap One Bedroom Central Apartment is $798 at Shannon Villa.

What is the lowest price for a Cheap Two Bedroom Central Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central is starting from $1,035 at Fernwood Apartments.

What is the most affordable Central Three Bedroom Apartment?

The best deal on a cheap Central Three Bedroom Apartment rental is at Ingle Apartments and starts from $1,349.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.