Cheap Apartments for Rent in the Central Neighborhood of Edmonton, AB from $500 (283 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central area of 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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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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property at 9999 111 St NW

$1,070 - $1,175

Studio To 1 Bedroom Rentals

Available Now

The Nines

9999 111 St NW
EdmontonABT5K 1K3

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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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. 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$699
Mainstreet ParkBachelorStudio,1BA$749
Arcade Heritage ApartmentsBachelorStudio,1BA$779
Jasper Ave Lookout 1BachelorStudio,1BA$800
Vista GreenBachelorStudio,1BA$829
River Valley View Apartments 1BachelorStudio,1BA$849
Majestic ApartmentsBachelorStudio,1BA$854
Carina CourtBachelorStudio,1BA$859
Mainstreet on 124thBachelor1BR,1BA$864
Wellington ApartmentsBachelorStudio,1BA$879

Best Value Apartments for Rent in Central, AB

As of April 24, 2026 the best value apartment in the Central area is the $1.44 price per square foot 2 Bedrooms Model at Rideau Tower in the in the Central neighborhood starting from $1,795. The second greatest value Central apartment is the 2 Bedroom Model at Solano House starting at $1,508 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.
Rideau Tower2 Bedrooms2BR,1BA$1.44
Solano House2 Bedroom2BR,1.5BA$1.37
The Residences on 104th1 Bedroom 1 Bath1BR,1BA$1.50
Inglewood 124 Apartments2 Bedroom2BR,1BA$1.56
Jasper Ave Lookout 21 Bedroom1BR,1BA$1.30
Second Street Manor2 bedroom2BR,1BA$1.37
WestWynd1 Bedroom1BR,1BA$1.38
Joy Manor Apartments1 bedroom1BR,1BA$1.44
Simon's Court- 1 Bedroom1BR,1BA$1.54
Eileen Manor1 bedroom1BR,1BA$1.55

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 Mainstreet on 124th which is listed at $864, while the average apartment in Central costs $5,111.

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 17 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 $197 which is $4,914 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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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.