Cheap Homes for Rent in Edmonton, AB from C$700 (57 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Read Article

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

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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-50, Page 1 of 2

Edmonton, AB Local Guide

Cheapest Neighborhoods for Apartments in Edmonton, AB

Pricing Updated: 06/18/2025

Current apartment rentals in the Edmonton, AB area range in price from C$960 to C$3,849 with an overall median price of C$2,579. The three Edmonton neighborhoods with the lowest median rent pricing are South at C$960, North at C$989, and West at C$989. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Edmonton Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
SouthC$1,949C$960312
NorthC$2,022C$989311
WestC$2,125C$98939
South CentralC$3,067C$96080
CentralC$3,121C$960225
DowntownC$3,195C$960102

Cheapest Available Edmonton Apartments for Rent

 

The cheapest available apartment rental in Edmonton, AB is a Studio unit found at Hartford Apartments in the Central neighborhood priced from C$697. Arcade Heritage Apartments in the Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from C$779. Here is today’s list of the most affordable Edmonton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hartford ApartmentsBachelorStudio,1BAC$697
Arcade Heritage ApartmentsBachelorStudio,1BAC$779
Mainstreet ParkBachelorStudio,1BAC$799
Heritage Trail Apartments 1BachelorStudio,1BAC$849
River Valley View Apartments 1BachelorStudio,1BAC$849
Oakmount ManorBachelorStudio,1BAC$851
Fernwood ApartmentsClassic Suite - BachelorStudio,1BAC$869
Waselenak PlaceBachelorStudio,1BAC$889
Hansen HouseBachelorStudio,1BAC$895
Cedar GroveBachelorStudio,1BAC$899

Best Value Apartments for Rent in Edmonton, AB

As of June 18, 2025 the best value apartment in the Edmonton area is the C$1.35 price per square foot Walnut Model at Vue at Jagare Ridge in the in the South neighborhood starting from C$2,095. The second greatest value Edmonton apartment is the 3 Bedroom Townhouse Model at Lord Byron Townhouses starting at C$1,849 with a C$1.32 price per square foot in the South neighborhood. Here is today’s list of the best values for Edmonton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Vue at Jagare RidgeWalnut3BR,2.5BAC$1.35
Lord Byron Townhouses3 Bedroom Townhouse3BR,1.5BAC$1.32
South Ridge TownhomesClassic Suite - 3 Bedroom3BR,1.5BAC$1.34
Wellington Park Townhomes3 bedroom3BR,1BAC$1.44
West Edmonton Village2 Bedroom2BR,1BAC$1.48
Park Place SouthThe Willow2BR,1BAC$1.28
Lorelei House2 Bedroom2BR,1BAC$1.49
Cambridge WestEton1BR,1BAC$1.28
Cameron CountyClassic Suite - 1 Bedroom1BR,1BAC$1.44
Joy Manor Apartments1 bedroom1BR,1BAC$1.44

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Edmonton, AB Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Sophie • 2+ years in Edmonton

February 25, 2025

well the rent is too hight for new comers and for people who really need to move.

Frequently Asked Questions about Edmonton

What type of rentals are currently available in Edmonton?

There are currently 3803 Apartments for Rent in Edmonton, AB with pricing that ranges from C$960 to C$13,500. There are also 198 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edmonton ranging from C$750 to C$3,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Edmonton ranges from C$750 to C$3,500 with an average monthly rent of C$2,095.

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 Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.