Cheap Apartments for Rent in the Central Neighborhood of Edmonton, AB from $500 (258 Rentals)

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

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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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.

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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.

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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.

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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.

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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 $719. Mainstreet Park has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Central apartments for rent in Edmonton, AB:

Apartment ListingModel NameBed/BathPriced From
Hartford ApartmentsBachelorStudio,1BA$719
Mainstreet ParkBachelorStudio,1BA$749
Arcade Heritage ApartmentsBachelorStudio,1BA$779
River Valley View Apartments 1BachelorStudio,1BA$849
Carina CourtBachelorStudio,1BA$859
Oakmount ManorBachelorStudio,1BA$859
Majestic ApartmentsBachelorStudio,1BA$864
Wellington ApartmentsBachelorStudio,1BA$879
Priya Place1 bedroom1BR,1BA$879
Vista GreenBachelorStudio,1BA$879

Best Value Apartments for Rent in Central, AB

As of March 09, 2026 the best value apartment in the Central area is the $1.54 price per square foot 1 Bedroom 1 Bath Model at The Residences on 104th in the in the Central neighborhood starting from $1,454. The second greatest value Central apartment is the 2 Bedroom Model at Inglewood 124 Apartments starting at $1,349 with a $1.56 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.
The Residences on 104th1 Bedroom 1 Bath1BR,1BA$1.54
Inglewood 124 Apartments2 Bedroom2BR,1BA$1.56
Jasper Ave Lookout 21 Bedroom1BR,1BA$1.44
WestWynd1 Bedroom1BR,1BA$1.38
Joy Manor Apartments1 bedroom1BR,1BA$1.44
Simon's Court- 1 Bedroom1BR,1BA$1.47
Linda Manor- 1 Bedroom1BR,1BA$1.45
Phelips Apartments- 1 Bedroom1BR,1BA$1.44
Cedar Grove1 bedroom1BR,1BA$1.51
Twinson1 Bedroom1BR,1BA$1.54

Frequently Asked Questions about Cheap Central Apartments

What is a cheap apartment in Central?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central is under $879.

What is the price of a cheap apartment in Central?

The cheapest apartment in Central is Priya Place which is listed at $879, while the average apartment in Central costs $6,978.

What types of apartments are the cheapest in Central?

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 22 regular apartments in Central 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 Central?

Cheap apartments in Central have an average cost of $246 which is $6,732 cheaper than the average rent for all rentals in Central.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.