Cheap Apartments for Rent in the Central Neighborhood of Edmonton, AB from $500 (320 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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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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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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property at 9999 111 St NW

$1,065 - $1,135

Studio To 1 Bedroom Rentals

Available Now

The Nines

9999 111 St NW
EdmontonABT5K 1K3

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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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. Montrose Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $720. Here are the most affordable Central apartments for rent in Edmonton, AB:

Apartment ListingModel NameBed/BathPriced From
Hartford ApartmentsBachelorStudio,1BA$699
Montrose Apartments- BachelorStudio,1BA$720
Mainstreet ParkBachelorStudio,1BA$749
Arcade Heritage ApartmentsBachelorStudio,1BA$779
Shannon Villa- 1 Bedroom1BR,1BA$784
Royal Manor- 2 Bedroom2BR,1BA$790
Nicoll ManorBachelorStudio,1BA$799
Delton Place- 1 Bedroom1BR,1BA$829
Vista GreenBachelorStudio,1BA$829
Emerald Vista- 1 Bedroom1BR,1BA$849

Best Value Apartments for Rent in Central, AB

As of June 08, 2026 the best value apartment in the Central area is the $1.48 price per square foot 2 Bedroom B Model at The David Thompson in the in the Central neighborhood starting from $1,925. The second greatest value Central apartment is the 1 Bedroom 1 Bath Model at Jasper Heights starting at $1,320 with a $1.50 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 David Thompson2 Bedroom B2BR,1BA$1.48
Jasper Heights1 Bedroom 1 Bath1BR,1BA$1.50
Jasper Ave Lookout 21 Bedroom1BR,1BA$1.30
Second Street Manor2 bedroom2BR,1BA$1.39
WestWynd1 Bedroom1BR,1BA$1.38
Joy Manor Apartments1 bedroom1BR,1BA$1.44
Michael Manor- 1 Bedroom1BR,1BA$1.39
Parklane Gardens- 1 Bedroom1BR,1BA$1.43
Steven Manor- 1 Bedroom1BR,1BA$1.44
Sherbrooke Manor- 1 Bedroom1BR,1BA$1.48

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 $849.

What is the price of a cheap apartment in Central?

The cheapest apartment in Central is Shannon Villa which is listed at $784, while the average apartment in Central costs $5,337.

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 16 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 $117 which is $5,220 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 Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.