Cheap Apartments for Rent in the Downtown Neighborhood of Edmonton, AB from $700 (205 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown 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

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property at 9999 111 St NW

$1,065 - $1,630

Studio To 2 Bedroom Rentals

Available Now

The Nines

9999 111 St NW
EdmontonABT5K 1K3

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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property at 10139 117 St NW

$1,198

Total Monthly Price

Total Monthly Price

Base Rent
$1,198
Total Monthly Price
$1,198

1 Bedroom, 1 Bath Home for Rent

Available Now

10139 117 St NW

EdmontonABT5K 2L3

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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Showing Results 1-50, Page 1 of 5

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. Nicoll Manor has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Downtown apartments for rent in Edmonton, AB:

Apartment ListingModel NameBed/BathPriced From
Arcade Heritage ApartmentsBachelorStudio,1BA$779
Nicoll ManorBachelorStudio,1BA$799
Vista GreenBachelorStudio,1BA$829
Byron ApartmentsBachelorStudio,1BA$869
Oakmount ManorBachelorStudio,1BA$879
Cypress ManorBachelorStudio,1BA$879
Wellington ApartmentsBachelorStudio,1BA$879
Flores ManorBachelorStudio,1BA$884
Hansen HouseBachelorStudio,1BA$895
Tran TerraceBachelorStudio,1BA$899

Best Value Apartments for Rent in Downtown, AB

As of August 14, 2026 the best value apartment in the Downtown area is the $1.39 price per square foot 2 Bedroom 2 Bath Model at The Residences on 104th in the in the Central neighborhood starting from $1,827. The second greatest value Downtown 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 Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Residences on 104th2 Bedroom 2 Bath2BR,2BA$1.39
Jasper Heights1 Bedroom 1 Bath1BR,1BA$1.50
The Regent- 2 Bedroom2BR,1BA$1.37
Hillside Tower1 Bedroom-Owl1BR,1BA$1.43
Phelips Apartments- 2 Bedroom2BR,1BA$1.44
Hudson Court- 1 Bedroom1BR,1BA$1.50
Second Street Manor1 bedroom1BR,1BA$1.51
Joy Manor Apartments1 bedroom1BR,1BA$1.51
Simon's Court- 1 Bedroom1BR,1BA$1.54
The Executive- 1 Bedroom1BR,1BA$1.45

Frequently Asked Questions about Cheap Downtown Apartments

What is the Cheapest Studio apartment in Downtown?

Currently the most affordable Cheap Studio Apartment in Downtown is at Arcade Heritage Apartments listed at $779.

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

The lowest price for a Cheap One Bedroom Downtown Apartment is $929 at Phelips Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $1,144 at Royal Manor.

What is the most affordable Downtown Three Bedroom Apartment?

The best deal on a cheap Downtown Three Bedroom Apartment rental is at Priya Place and starts from $1,399.

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 First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.