Cheap Homes for Rent in Downtown Neighborhood of Edmonton, AB from $900 (6 Rentals)

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Search the lowest-cost Homes 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.

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.

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

Best Value Apartments for Rent in Downtown, AB

As of March 23, 2026 the best value apartment in the Downtown area is the $1.41 price per square foot 1 Bedroom 1 Bath Model at The Residences on 104th in the in the Central neighborhood starting from $1,326. 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$1.41
Ariel Apartments2 bedroom2BR,1BA$1.56
Kent Apartments- 2 Bedroom2BR,1BA$1.56
Kalla Place2 Bedroom2BR,1BA$1.59
Courtney2 Bedroom2BR,1BA$1.57
Hudson Court- 1 Bedroom1BR,1BA$1.54
Joy Manor Apartments1 bedroom1BR,1BA$1.44
The Executive- 1 Bedroom1BR,1BA$1.56
Cedar Grove1 bedroom1BR,1BA$1.51
Waselenak Place1 bedroom1BR,1BA$1.61

Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 717 Apartments for Rent in Downtown, AB with pricing that ranges from $801 to $5,965. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $995 to $2,995.

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 $995 to $2,995 with an average monthly rent of $1,846.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.