Cheap Homes for Rent in Downtown Neighborhood of Edmonton, AB from C$1,200 (8 Rentals)

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

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.

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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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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 C$779. Heritage Trail Apartments 1 has the second lowest priced unit, which is a Studio apartment currently listed from C$849. Here are the most affordable Downtown apartments for rent in Edmonton, AB:

Apartment ListingModel NameBed/BathPriced From
Arcade Heritage ApartmentsBachelorStudio,1BAC$779
Heritage Trail Apartments 1BachelorStudio,1BAC$849
Heritage Apartments1 Bed1BR,1BAC$850

Best Value Apartments for Rent in Downtown, AB

As of July 15, 2025 the best value apartment in the Downtown area is the C$1.45 price per square foot 2 Bedroom 2 Bath Model at The Residences on 104th in the in the Central neighborhood starting from C$1,870. The second greatest value Downtown apartment is the 3 bedroom Model at Virginian Arms starting at C$1,479 with a C$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.
The Residences on 104th2 Bedroom 2 Bath2BR,2BAC$1.45
Virginian Arms3 bedroom3BR,1BAC$1.57
Second Street Manor2 bedroom2BR,1BAC$1.55
Malibu House2 bedroom2BR,1BAC$1.58
Heritage Trail Apartments 22 Bedroom2BR,1BAC$1.60
Joy Manor Apartments1 bedroom1BR,1BAC$1.44
Phelips ApartmentsRenovated Suite - 1 Bedroom1BR,1BAC$1.62
The ExecutiveRenovated Suite - 1 Bedroom1BR,1BAC$1.56
Trinity Apartments1 bedroom1BR,1BAC$1.61
Gilford Apartments1 bedroom1BR,1BAC$1.66

Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 711 Apartments for Rent in Downtown, AB with pricing that ranges from C$850 to C$4,660. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from C$1,250 to C$3,500.

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 C$1,250 to C$3,500 with an average monthly rent of C$2,430.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.