Cheap Apartments for Rent in the Downtown Neighborhood of Edmonton, AB from $700 (156 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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Tyrone Heritage Residences
$739 - $1,126Studio to 1 Bedroom Apartments

Tyrone Heritage Residences

10529 99th Ave NWEdmonton, AB T5K 0E7
  • Utilities Included
  • Smoke Free
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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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Sterling
$825 - $1,250Studio to 1 Bedroom Apartments

Sterling

10654 107th St NWEdmonton, AB T5H 2Y7
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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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Oakmount Manor
$859 - $1,199Studio to 2 Bedroom Apartments

Oakmount Manor

10710-10720 110 St NWEdmonton, AB T5H 3E1
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  • Smoke Free
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Carina Court
$859 - $949Studio to 2 Bedroom Apartments

Carina Court

10610 106th St NWEdmonton, AB T5H 2X8
  • Utilities Included
  • Smoke Free
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Wellington Apartments
$879 - $949Studio to 2 Bedroom Apartments

Wellington Apartments

10730 111th St NWEdmonton, AB T5H 3G3
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Priya Place
$879 - $1,4591 to 3 Bedroom Apartments

Priya Place

10711 103rd St NWEdmonton, AB T5H 2V7
  • Utilities Included

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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. Carina Court has the second lowest priced unit, which is a Studio apartment currently listed from $859. Here are the most affordable Downtown apartments for rent in Edmonton, AB:

Apartment ListingModel NameBed/BathPriced From
Arcade Heritage ApartmentsBachelorStudio,1BA$779
Carina CourtBachelorStudio,1BA$859
Oakmount ManorBachelorStudio,1BA$859
Vista GreenBachelorStudio,1BA$879
Wellington ApartmentsBachelorStudio,1BA$879
Priya Place1 bedroom1BR,1BA$879
Compton CourtBachelorStudio,1BA$891
Hansen HouseBachelorStudio,1BA$895
Julliard North1 bedroom1BR,1BA$899
Somerset ApartmentsBachelorStudio,1BA$899

Best Value Apartments for Rent in Downtown, AB

As of March 11, 2026 the best value apartment in the Downtown area is the $1.50 price per square foot 1 Bedroom 1 Bath Model at The Residences on 104th in the in the Central neighborhood starting from $1,409. The second greatest value Downtown apartment is the 2 bedroom Model at Ariel Apartments starting at $1,319 with a $1.56 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 104th1 Bedroom 1 Bath1BR,1BA$1.50
Ariel Apartments2 bedroom2BR,1BA$1.56
Kent Apartments- 2 Bedroom2BR,1BA$1.56
Courtney2 Bedroom2BR,1BA$1.57
Joy Manor Apartments1 bedroom1BR,1BA$1.44
Simon's Court- 1 Bedroom1BR,1BA$1.47
Phelips Apartments- 1 Bedroom1BR,1BA$1.44
The Executive- 1 Bedroom1BR,1BA$1.56
Cedar Grove1 bedroom1BR,1BA$1.51
Michelle Manor1 bedroom1BR,1BA$1.57

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 $899.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Priya Place which is listed at $879, while the average apartment in Downtown costs $1,905.

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 20 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 $985 which is $920 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

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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.

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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.

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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.