Cheap Apartments for Rent in the Downtown Neighborhood of Edmonton, AB from $700 (152 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article

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.

Read Article
property at 9999 111 St NW

9999 111 St NW

EdmontonABT5K 1K3
close
View Me
Rosedale
Studio to 1 Bedroom Apartments

Rosedale

10959 97th St NWEdmonton, AB T5H 2M8
  • Utilities Included

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.

Read Article
close
View Me
Tyrone Heritage Residences
Studio to 1 Bedroom Apartments

Tyrone Heritage Residences

10529 99th Ave NWEdmonton, AB T5K 0E7
  • Utilities Included
  • Smoke Free
close
View Me
Simon's Court
Studio to 1 Bedroom Apartments

Simon's Court

10828 97th St NWEdmonton, AB T5H 2M3
  • Utilities Included
close
View Me
Kings Court
1 to 2 Bedroom Apartments

Kings Court

10625 109th St NWEdmonton, AB T5H 3B5
  • Smoke Free
close
View Me
Sterling
Studio to 1 Bedroom Apartments

Sterling

10654 107th St NWEdmonton, AB T5H 2Y7
close
View Me
Queen Mary
Studio to 1 Bedroom Apartments

Queen Mary

10821 116th St NWEdmonton, AB T5H 3M4
close
View Me
Corner Manor
Studio to 1 Bedroom Apartments

Corner Manor

10750 110th St NWEdmonton, AB T5H 3E1
  • Smoke Free
close
View Me
Devonshire
Studio to 2 Bedroom Apartments

Devonshire

10630 108th St NWEdmonton, AB T5H 3A1
  • Smoke Free
close
View Me
Oakmount Manor
Studio to 2 Bedroom Apartments

Oakmount Manor

10710-10720 110 St NWEdmonton, AB T5H 3E1
  • Utilities Included
  • Smoke Free
close
View Me
Waselenak Place
Studio to 2 Bedroom Apartments

Waselenak Place

10720 108th St NWEdmonton, AB T5H 3A3
  • Utilities Included

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.

Read Article
Showing Results 1-50, Page 1 of 4

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. Simon's Court has the second lowest priced unit, which is a Studio apartment currently listed from $824. Here are the most affordable Downtown apartments for rent in Edmonton, AB:

Apartment ListingModel NameBed/BathPriced From
Arcade Heritage ApartmentsBachelorStudio,1BA$779
Simon's Court- BachelorStudio,1BA$824
Hansen HouseBachelorStudio,1BA$895
Hilton ManorBachelorStudio,1BA$899
Waselenak Place1 bedroom1BR,1BA$899
Heritage Trail Apartments 1BachelorStudio,1BA$903
Flores ManorBachelorStudio,1BA$909
Salem CourtBachelorStudio,1BA$920
Rockcliffe ManorBachelorStudio,1BA$929
Lorraine ManorBachelorStudio,1BA$929

Best Value Apartments for Rent in Downtown, AB

As of October 24, 2025 the best value apartment in the Downtown area is the $1.65 price per square foot 3 Beds, 1 Baths Model at Midtown Estates Apartments in the in the Central neighborhood starting from $2,365. The second greatest value Downtown apartment is the 1 Bedroom 1 Bath Model at The Residences on 104th starting at $1,352 with a $1.40 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.
Midtown Estates Apartments3 Beds, 1 Baths3BR,1BA$1.65
The Residences on 104th1 Bedroom 1 Bath1BR,1BA$1.40
Virginian Arms3 bedroom3BR,1BA$1.57
Cypress Manor2 bedroom2BR,1BA$1.53
Hudson Court- 1 Bedroom1BR,1BA$1.54
Second Street Manor1 bedroom1BR,1BA$1.38
Joy Manor Apartments1 bedroom1BR,1BA$1.44
Phelips Apartments- 1 Bedroom1BR,1BA$1.57
Mateo Place1 bedroom1BR,1BA$1.64
Waselenak Place1 bedroom1BR,1BA$1.59

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 $929.

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 $2,239.

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 6 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 $610 which is $1,629 cheaper than the average rent for all rentals in Downtown.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.