Cheap Homes for Rent in the Downtown Neighborhood of Edmonton, AB from $900 (15 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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
Byron ApartmentsBachelorStudio,1BA$869
Oakmount ManorBachelorStudio,1BA$879

Best Value Apartments for Rent in Downtown, AB

As of August 14, 2026 the best value apartment in the Downtown area is the $1.39 price per square foot 2 Bedroom 2 Bath Model at The Residences on 104th in the in the Central neighborhood starting from $1,827. The second greatest value Downtown apartment is the 1 Bedroom 1 Bath Model at Jasper Heights starting at $1,320 with a $1.50 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$1.39
Jasper Heights1 Bedroom 1 Bath1BR,1BA$1.50
The Regent- 2 Bedroom2BR,1BA$1.37
Hillside Tower1 Bedroom-Owl1BR,1BA$1.43
Phelips Apartments- 2 Bedroom2BR,1BA$1.44
Hudson Court- 1 Bedroom1BR,1BA$1.50
Second Street Manor1 bedroom1BR,1BA$1.51
Joy Manor Apartments1 bedroom1BR,1BA$1.51
Simon's Court- 1 Bedroom1BR,1BA$1.54
The Executive- 1 Bedroom1BR,1BA$1.45

Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 728 Apartments for Rent in Downtown, AB with pricing that ranges from $825 to $5,000. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $980 to $6,500.

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 $980 to $6,500 with an average monthly rent of $2,179.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.