
Cheap Apartments for Rent in Lethbridge, AB from $700 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in Lethbridge.


Palm Road Apartments

Flamborough Garden

Berkeley Square

Westwood Apartments

Dhillon Tower

Updated Basement Suite Includes Utilities, Parking + Pets Considered

Renovated Apartment, Utilities Included

Highland Park Townhomes
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

3 Bedroom Basement Suite, UTILITIES INCLUDED, Assigned Parking

1 Bedroom, Pet friendly, Utilities Included,

Updated Lower Level 2 Bedroom Suite with Storage

Sandalwood Place

Scenic Heights

Bel-Aire Apartments

Cambridge House

Tudor Manor

Shoreline Crossings
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Garden Villa

Winston Villa

Princeton Place

Kosmo Apartments

Treco Apartments

Applewood

Cumberland Towers

Skyline Terrace

Fairmont/Peppertree Terrace
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.

Resma Manor

Ruby Court

Evergreen Terrace

Scenic Court (4 Plex)

Mainstreet University Townhomes

Park Manor

Westhaven Estates

Scenic Court

188 Lafayette Blvd W
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.

Walker Place

2305-2305 13 St N

1033 Elliot Rd S

1033 Elliot Rd S

65 Temple Blvd W

65 Temple Blvd W

1710-1710 18 Ave

634-654 54 Ave W

5205-5205 57 St
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.

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 |
|---|---|---|---|
| Cheap Lethbridge Studio Apartments | $1,248 | $1,105 | $1,380 |
| Cheap Lethbridge 1 Bedroom Apartments | $1,377 | $875 | $1,575 |
| Cheap Lethbridge 2 Bedroom Apartments | $1,591 | $1,295 | $1,850 |
| Cheap Lethbridge 3 Bedroom Apartments | $1,712 | $1,400 | $1,850 |
Browse Top Apartments in Lethbridge
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Lethbridge, AB Local Guide
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Cheapest Available Lethbridge Apartments for Rent
 The cheapest available apartment rental in Lethbridge, AB is a Studio unit found at Bel-Aire Apartments priced from $1,030. Cambridge House has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here is today’s list of the most affordable Lethbridge apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bel-Aire Apartments | - Bachelor | Studio,1BA | $1,030 |
| Cambridge House | Studio | Studio,1BA | $1,050 |
| Tudor Manor | - Bachelor | Studio,1BA | $1,060 |
| Palm Road Apartments | - Bachelor | Studio,1BA | $1,105 |
| Winston Villa | 1 Bedroom 1 Bath | 1BR,1BA | $1,125 |
| Princeton Place | 1 Bedroom 1 Bath | 1BR,1BA | $1,125 |
| Kosmo Apartments | - Bachelor | Studio,1BA | $1,130 |
| Treco Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,150 |
| Flamborough Garden | - 1 Bedroom | 1BR,1BA | $1,235 |
| Resma Manor | - 1 Bedroom | 1BR,1BA | $1,240 |
Best Value Apartments for Rent in Lethbridge, AB
As of July 23, 2026 the best value apartment in the Lethbridge area is the $1.45 price per square foot 3 bedroom Townhouse Model at Highland Park Townhomes in the starting from $1,550. The second greatest value Lethbridge apartment is the 2 Bedroom 2 Bath Model at Walker Place starting at $1,700 with a $1.80 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. |
|---|---|---|---|
| Highland Park Townhomes | 3 bedroom Townhouse | 3BR,1BA | $1.45 |
| Walker Place | 2 Bedroom 2 Bath | 2BR,2BA | $1.80 |
| Sandalwood Place | 2 Bedroom 1 Bath | 2BR,1BA | $1.43 |
| Westhaven Estates | Tartan | 2BR,1BA | $1.69 |
| Evergreen Terrace | - 2 Bedroom | 2BR,1BA | $1.85 |
| Fairmont/Peppertree Terrace | 2 Bedroom 1 Bath | 2BR,1BA | $1.72 |
| Scenic Heights | 2 Bedroom 1 Bath | 2BR,1BA | $1.60 |
| Mainstreet University Townhomes | 2 Bedroom | 2BR,1BA | $1.85 |
| Princeton Place | 1 Bedroom 1 Bath | 1BR,1BA | $1.66 |
| Winston Villa | 1 Bedroom 1 Bath | 1BR,1BA | $1.81 |
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 Bel-Aire Apartments listed at $1,030.
How much is rent for a Cheap One Bedroom Lethbridge Apartment?
The lowest price for a Cheap One Bedroom Lethbridge Apartment is $1,125 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 $1,300 at Scenic Heights.
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

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.

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.