Cheap Homes for Rent in Downtown Neighborhood of Edmonton, AB from $900 (7 Rentals)

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

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.

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

Best Value Apartments for Rent in Downtown, AB

As of June 22, 2026 the best value apartment in the Downtown area is the $1.43 price per square foot 2 Bedroom 2 Bath Model at The Residences on 104th in the in the Central neighborhood starting from $1,845. The second greatest value Downtown apartment is the - 2 Bedroom Model at Hudson Court starting at $1,336 with a $1.53 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$1.43
Hudson Court- 2 Bedroom2BR,1BA$1.53
Second Street Manor2 bedroom2BR,1BA$1.39
Kent Apartments- 2 Bedroom2BR,1BA$1.56
Joy Manor Apartments1 bedroom1BR,1BA$1.44
Simon's Court- 1 Bedroom1BR,1BA$1.54
Phelips Apartments- 1 Bedroom1BR,1BA$1.52
Eileen Manor1 bedroom1BR,1BA$1.55
The Executive- 1 Bedroom1BR,1BA$1.56
Steven Manor- 1 Bedroom1BR,1BA$1.44

Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 722 Apartments for Rent in Downtown, AB with pricing that ranges from $829 to $5,000. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $985 to $2,495.

What is the current price range for Rental Homes in Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $985 to $2,495 with an average monthly rent of $1,508.

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 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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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.