
Cheap Apartments for Rent in Ponoka, AB from $900 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Ponoka.


BlueWater Apartments South

Mainstreet Gaetz Core

Mainstreet Waskasoo Apartments

Hillside

Poplar Grove

Trilogy East
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.

4940-4951 51 St

Timberstone Village

Mainstreet Red Deer Apartments

Timber Pointe Apartments

1067 Berg Pl

1059 Berg Pl

21 Chippewa Rd
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.
Ponoka, AB Local Guide
How much does it cost to rent an apartment in Ponoka?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ponoka Studio Apartments | $1,139 | $1,049 | $1,215 |
| Ponoka 1 Bedroom Apartments | $1,441 | $970 | $2,505 |
| Ponoka 2 Bedroom Apartments | $1,583 | $1,054 | $3,300 |
| Ponoka 3 Bedroom Apartments | $1,399 | $1,194 | $1,950 |
| Ponoka 4 Bedroom Apartments | $1,810 | $1,810 | $1,810 |
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Ponoka, AB Local Guide
- Nearby Cities
Cheapest Available Ponoka Apartments for Rent and Nearby
 The cheapest available apartment rental in Ponoka, AB is a 1 Bed unit found at Mainstreet Gaetz Core priced from $999. Mainstreet Waskasoo Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here is today’s list of the most affordable Ponoka apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mainstreet Gaetz Core | 1 Bedroom | 1BR,1BA | $999 |
| Mainstreet Waskasoo Apartments | 1 Bedroom | 1BR,1BA | $1,049 |
| Poplar Grove | - 2 Bedroom | 2BR,1BA | $1,054 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1,175 |
| Hillside | - 1 Bedroom | 1BR,1BA | $1,235 |
Best Value Apartments for Rent in Ponoka, AB and Nearby
As of May 16, 2026 the best value apartment in the Ponoka area is the $1.30 price per square foot - 3 Bedroom Model at Revy Townhomes in the starting from $1,730. The second greatest value Ponoka apartment is the Layout A - 2B2B Model at BlueWater Apartments South starting at $1,745 with a $1.85 price per square foot . Here is today’s list of the best values for Ponoka apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Revy Townhomes | - 3 Bedroom | 3BR,1.5BA | $1.30 |
| BlueWater Apartments South | Layout A - 2B2B | 2BR,2BA | $1.85 |
| Liberty Park Apartments | - 2 Bedroom | 2BR,2BA | $1.79 |
| Poplar Grove | - 2 Bedroom | 2BR,1BA | $1.17 |
| Lonsdale Court | 2B1B (Layout B) | 2BR,1BA | $1.82 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1.65 |
| Vanier Woods | - 1 Bedroom | 1BR,1BA | $2.48 |
| Mainstreet Waskasoo Apartments | 1 Bedroom | 1BR,1BA | $1.75 |
| Hillside | - 1 Bedroom | 1BR,1BA | $2.13 |
| Mainstreet Gaetz Core | 1 Bedroom | 1BR,1BA | $2.00 |
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!
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Frequently Asked Questions about Cheap Ponoka Apartments
How much is rent for a Cheap One Bedroom Ponoka Apartment?
The lowest price for a Cheap One Bedroom Ponoka Apartment is $999 at Mainstreet Gaetz Core.
What is the lowest price for a Cheap Two Bedroom Ponoka Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Ponoka is starting from $1,054 at Poplar Grove.
What is the most affordable Ponoka Three Bedroom Apartment?
The best deal on a cheap Ponoka Three Bedroom Apartment rental is at Poplar Grove and starts from $1,159.
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

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.