
Cheap Apartments for Rent in Lethbridge, AB from $700 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Lethbridge.


Palm Road Apartments

1 Bedroom Condo, Onsite Laundry, Assigned Parking

Basement Suite With Driveway Parking and Laundry In Unit

Dhillon Tower

Flamborough Garden

Completely Renovated Townhouse with Off-Street Parking!

Berkeley Square
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.

Westwood Apartments

Mainstreet University Townhomes

Highland Park Townhomes

Basement Suite With Assiged Parking, UTILITIES INCLUDED

Second Floor Apartment, Utilities Included

2 bedroom Basement Suite, Assigned Parking, Insuite Laundry

Sandalwood Place

Scenic Heights
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.

1008-1017 17 St S

Bel-Aire Apartments

Tudor Manor

941-916 16 St S

941-916 16 St S

Princeton Place

Shoreline Crossings

Garden Villa
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Cambridge House

Treco Apartments

Kosmo Apartments

Applewood

Winston Villa

Cumberland Towers

Skyline Terrace

Resma Manor
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.

295 Columbia Blvd W

Park Manor

Ruby Court

Evergreen Terrace

Fairmont/Peppertree Terrace

Scenic Court (4 Plex)

Scenic Court

Westhaven Estates
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.

Walker Place

320-320 52 Ave W
Lethbridge, AB Local Guide

How much does it cost to rent an apartment in Lethbridge?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lethbridge Studio Apartments | $1,262 | $1,130 | $1,380 |
| Lethbridge 1 Bedroom Apartments | $1,363 | $950 | $1,575 |
| Lethbridge 2 Bedroom Apartments | $1,565 | $1,250 | $1,750 |
| Lethbridge 3 Bedroom Apartments | $1,718 | $1,475 | $1,815 |
Browse Top Apartments in Lethbridge
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Lethbridge, AB Local Guide
- Nearby Cities
Cheapest Available Lethbridge Apartments for Rent and Nearby
 The cheapest available apartment rental in Lethbridge, AB is a 1 Bed unit found at Princeton Place priced from $1,100. Palm Road Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here is today’s list of the most affordable Lethbridge apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Princeton Place | 1 Bedroom 1 Bath | 1BR,1BA | $1,100 |
| Palm Road Apartments | - Bachelor | Studio,1BA | $1,125 |
| Treco Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,150 |
| Kosmo Apartments | - Bachelor | Studio,1BA | $1,155 |
| Tudor Manor | - 1 Bedroom | 1BR,1BA | $1,170 |
| Winston Villa | 1 Bedroom 1 Bath | 1BR,1BA | $1,175 |
| Dhillon Tower | 1 bedroom | 1BR,1BA | $1,199 |
| Cumberland Towers | 1 Bedroom 1 Bath | 1BR,1BA | $1,200 |
| Flamborough Garden | - 1 Bedroom | 1BR,1BA | $1,235 |
| Resma Manor | - 1 Bedroom | 1BR,1BA | $1,240 |
Best Value Apartments for Rent in Lethbridge, AB and Nearby
As of June 07, 2026 the best value apartment in the Lethbridge area is the $1.55 price per square foot 3 Bedroom 2 Bath Model at Walker Place in the starting from $2,000. The second greatest value Lethbridge apartment is the 2 Bedroom 1 Bath Model at Sandalwood Place starting at $1,350 with a $1.43 price per square foot . Here is today’s list of the best values for Lethbridge apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Walker Place | 3 Bedroom 2 Bath | 3BR,2BA | $1.55 |
| Sandalwood Place | 2 Bedroom 1 Bath | 2BR,1BA | $1.43 |
| Highland Park Townhomes | 2 bedroom Townhouse | 2BR,1BA | $1.47 |
| Westhaven Estates | Tartan | 2BR,1BA | $1.88 |
| Evergreen Terrace | - 2 Bedroom | 2BR,1BA | $1.85 |
| Ruby Court | - 2 Bedroom | 2BR,1BA | $1.98 |
| Mainstreet University Townhomes | 2 Bedroom | 2BR,1BA | $1.85 |
| Princeton Place | 1 Bedroom 1 Bath | 1BR,1BA | $1.62 |
| Winston Villa | 1 Bedroom 1 Bath | 1BR,1BA | $1.89 |
| Treco Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.93 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lethbridge, AB Rentals by Map
See the most popular apartments and homes in Lethbridge, AB
Frequently Asked Questions about Cheap Lethbridge Apartments
What is the Cheapest Studio apartment in Lethbridge?
Currently the most affordable Cheap Studio Apartment in Lethbridge is at Palm Road Apartments listed at $1,125.
How much is rent for a Cheap One Bedroom Lethbridge Apartment?
The lowest price for a Cheap One Bedroom Lethbridge Apartment is $1,100 at Princeton Place.
What is the lowest price for a Cheap Two Bedroom Lethbridge Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lethbridge is starting from $1,299 at Flamborough Garden.
What is the most affordable Lethbridge Three Bedroom Apartment?
The best deal on a cheap Lethbridge Three Bedroom Apartment rental is at Mainstreet University Townhomes and starts from $1,475.
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

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.

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.