Cheap Apartments for Rent in the Downtown Neighborhood of Edmonton, AB from $700 (147 Rentals)

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

9999 111 St NW

EdmontonABT5K 1K3

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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Tyrone Heritage Residences
$739 - $1,126Studio to 1 Bedroom Apartments

Tyrone Heritage Residences

10529 99th Ave NWEdmonton, AB T5K 0E7
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Juliette
$800 - $1,050Studio to 1 Bedroom Apartments

Juliette

10249 119th St NWEdmonton, AB T5K 1Z3
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Simon's Court
$824 - $1,164Studio to 1 Bedroom Apartments

Simon's Court

10828 97th St NWEdmonton, AB T5H 2M3
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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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Kings Court
$825 - $1,3751 to 2 Bedroom Apartments

Kings Court

10625 109th St NWEdmonton, AB T5H 3B5
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Sterling
$825 - $1,250Studio to 1 Bedroom Apartments

Sterling

10654 107th St NWEdmonton, AB T5H 2Y7
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Oakmount Manor
$851 - $1,379Studio to 2 Bedroom Apartments

Oakmount Manor

10710-10720 110 St NWEdmonton, AB T5H 3E1
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Waselenak Place
$889 - $1,319Studio to 2 Bedroom Apartments

Waselenak Place

10720 108th St NWEdmonton, AB T5H 3A3
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Hansen House
$895 - $1,329Studio to 2 Bedroom Apartments

Hansen House

10630 112th St NWEdmonton, AB T5H 3W7
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Hilton Manor
$899 - $1,109Studio to 3 Bedroom Apartments

Hilton Manor

10633 111th St NWEdmonton, AB T5H 3G1
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Cedar Grove
$899 - $1,059Studio to 1 Bedroom Apartments

Cedar Grove

10633 110th St NWEdmonton, AB T5H 3C7
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Kalla Place
$900 - $1,2751 to 2 Bedroom Apartments

Kalla Place

10217 116 StEdmonton, AB T5K 1W3
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Button Place
$900 - $1,0751 to 2 Bedroom Apartments

Button Place

10207 116th St NWEdmonton, AB T5K 1W3
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Heritage Trail Apartments 1
$903 - $1,032Studio to 1 Bedroom Apartments

Heritage Trail Apartments 1

9737 105th St NWEdmonton, AB T5K 0C4
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Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Edmonton, AB is a Studio unit found at Arcade Heritage Apartments priced from $779. Juliette has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Downtown apartments for rent in Edmonton, AB:

Apartment ListingModel NameBed/BathPriced From
Arcade Heritage ApartmentsBachelorStudio,1BA$779
JulietteBachelorStudio,1BA$800
Simon's Court- BachelorStudio,1BA$824
Hansen HouseBachelorStudio,1BA$895
Hilton ManorBachelorStudio,1BA$899
Waselenak Place1 bedroom1BR,1BA$899
Kalla Place2 Bedroom2BR,1BA$900
Heritage Trail Apartments 1BachelorStudio,1BA$903
Flores ManorBachelorStudio,1BA$909
Salem CourtBachelorStudio,1BA$920

Best Value Apartments for Rent in Downtown, AB

As of December 09, 2025 the best value apartment in the Downtown area is the $1.46 price per square foot 2 bedrooms Model at York Tower in the in the Central neighborhood starting from $1,500. The second greatest value Downtown apartment is the 3 bedroom Model at Virginian Arms starting at $1,479 with a $1.57 price per square foot in the Central neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
York Tower2 bedrooms2BR,1BA$1.46
Virginian Arms3 bedroom3BR,1BA$1.57
Cypress Manor2 bedroom2BR,1BA$1.53
Style Manor1 bedroom1BR,1BA$1.44
Kalla Place2 Bedroom2BR,1BA$1.13
Second Street Manor1 bedroom1BR,1BA$1.38
Joy Manor Apartments1 bedroom1BR,1BA$1.44
JulietteBachelorStudio ,1BA$1.19
Phelips Apartments- 1 Bedroom1BR,1BA$1.52
Grandin1 Bedroom1BR,1BA$1.58

Frequently Asked Questions about Cheap Downtown Apartments

What is a cheap apartment in Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $920.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Waselenak Place which is listed at $899, while the average apartment in Downtown costs $1,979.

What types of apartments are the cheapest in Downtown?

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 10 regular apartments in Downtown 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 Downtown?

Cheap apartments in Downtown have an average cost of $600 which is $1,379 cheaper than the average rent for all rentals in Downtown.

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 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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.