Cheap Apartments for Rent in Lethbridge, AB from $700 (42 Rentals)

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

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.

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Sandalwood Place
$775 - $1,350Studio to 2 Bedroom Apartments

Sandalwood Place

256 Mayor Magrath Dr NLethbridge, AB T1H 3P8
  • Utilities Included
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Scenic Heights
$1,000 - $1,350Studio to 2 Bedroom Apartments

Scenic Heights

1603-1615 Scenic Heights DrLethbridge, AB T1K 1M5
  • Utilities Included
  • Smoke Free

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.

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Bel-Aire Apartments
$1,030 - $1,355Studio to 1 Bedroom Apartments

Bel-Aire Apartments

721 7 Av SLethbridge, AB T1J 1J5
  • Utilities Included
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Tudor Manor
$1,060 - $1,345Studio to 1 Bedroom Apartments

Tudor Manor

531 7 St SLethbridge, AB T1J 2G8
  • Utilities Included
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Princeton Place
$1,100 - $1,4501 to 2 Bedroom Apartments

Princeton Place

590-600 Columbia Blvd WLethbridge, AB T1K 5R6
  • Utilities Included
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Shoreline Crossings
$1,105 - $1,780Studio to 2 Bedroom Apartments

Shoreline Crossings

23 Aquitania Blvd WLethbridge, AB T1J 4B9
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Garden Villa
$1,110 - $1,560Studio to 2 Bedroom Apartments

Garden Villa

268 7A Av SLethbridge, AB T1J 1N4
  • Utilities Included

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.

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Cambridge House
$1,120 - $1,425Studio to 2 Bedroom Apartments

Cambridge House

175 Columbia Blvd WLethbridge, AB T1K 6X4
  • Utilities Included
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Treco Apartments
$1,150 - $1,3501 to 2 Bedroom Apartments

Treco Apartments

2014 15th Ave NLethbridge, AB T1H 5J4
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Kosmo Apartments
$1,155 - $1,280Studio Apartments

Kosmo Apartments

2127 Palm Rd SLethbridge, AB T1K 3N1
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Applewood
$1,160 - $1,435Studio to 1 Bedroom Apartments

Applewood

1261 4 Av SLethbridge, AB T1J 0P9
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Winston Villa
$1,175 - $1,3501 to 2 Bedroom Apartments

Winston Villa

1304-1310 23rd Ave NLethbridge, AB T1H 4N1
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Cumberland Towers
$1,200 - $1,7751 to 2 Bedroom Apartments

Cumberland Towers

2201 32nd St SLethbridge, AB T1K 5A9
  • Utilities Included
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Skyline Terrace
$1,225 - $2,525Studio to 4 Bedroom Apartments

Skyline Terrace

37 Berkeley PlLethbridge, AB T1K 4G9
  • Utilities Included
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Resma Manor
$1,240 - $1,3801 to 2 Bedroom Apartments

Resma Manor

1405 9 Av SLethbridge, AB T1J 1V7
  • Utilities Included

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.

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Park Manor
$1,305 - $1,6301 to 2 Bedroom Apartments

Park Manor

2110 15 Av NLethbridge, AB T1H 1W9
  • Utilities Included
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Ruby Court
$1,305 - $1,5801 to 2 Bedroom Apartments

Ruby Court

2119 Palm Rd SLethbridge, AB T1K 3N1
  • Utilities Included
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Evergreen Terrace
$1,305 - $1,7051 to 3 Bedroom Apartments

Evergreen Terrace

1415 20 St NLethbridge, AB T1H 3P3
  • Utilities Included
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Fairmont/Peppertree Terrace
$1,325 - $1,4001 to 2 Bedroom Apartments

Fairmont/Peppertree Terrace

3210-3310 23rd Ave SLethbridge, AB T1K 4K2
  • Utilities Included
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Scenic Court (4 Plex)
$1,330 - $1,4551 Bedroom Apartments

Scenic Court (4 Plex)

805 3 Street SouthLethbridge, AB T1J 1Z6
  • Utilities Included
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Scenic Court
$1,360 - $1,7851 to 3 Bedroom Apartments

Scenic Court

824 4 St SLethbridge, AB T1J 2A9
  • Utilities Included
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Westhaven Estates
$1,365 - $1,6671 to 3 Bedroom Apartments

Westhaven Estates

329 Highlands RdLethbridge, AB T1J 4W7
  • Smoke Free

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.

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Walker Place
$1,450 - $2,0001 to 3 Bedroom Apartments

Walker Place

1310 23 Av NLethbridge, AB T1H 4T6
  • Utilities Included

Lethbridge, AB Local Guide

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 ListingModel NameBed/BathPriced From
Princeton Place1 Bedroom 1 Bath1BR,1BA$1,100
Palm Road Apartments- BachelorStudio,1BA$1,125
Treco Apartments1 Bedroom 1 Bath1BR,1BA$1,150
Kosmo Apartments- BachelorStudio,1BA$1,155
Tudor Manor- 1 Bedroom1BR,1BA$1,170
Winston Villa1 Bedroom 1 Bath1BR,1BA$1,175
Dhillon Tower1 bedroom1BR,1BA$1,199
Cumberland Towers1 Bedroom 1 Bath1BR,1BA$1,200
Flamborough Garden- 1 Bedroom1BR,1BA$1,235
Resma Manor- 1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Walker Place3 Bedroom 2 Bath3BR,2BA$1.55
Sandalwood Place2 Bedroom 1 Bath2BR,1BA$1.43
Highland Park Townhomes2 bedroom Townhouse2BR,1BA$1.47
Westhaven EstatesTartan2BR,1BA$1.88
Evergreen Terrace- 2 Bedroom2BR,1BA$1.85
Ruby Court- 2 Bedroom2BR,1BA$1.98
Mainstreet University Townhomes2 Bedroom2BR,1BA$1.85
Princeton Place1 Bedroom 1 Bath1BR,1BA$1.62
Winston Villa1 Bedroom 1 Bath1BR,1BA$1.89
Treco Apartments1 Bedroom 1 Bath1BR,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.

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lethbridge, AB Rentals by Map

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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

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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.

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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.

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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.

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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.