
Cheap Apartments for Rent in Red Deer, AB from $900 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Red Deer.


4940-4951 51 St

Hillside

Waskasoo Terrace Apartments

Timberstone Village

Mainstreet Red Deer Apartments

Timber Pointe Apartments
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.

Mainstreet Waskasoo Apartments

Sandpiper - Premium Suites

Mainstreet South Hill Apartments

Cloverhill Terrace

Taylor Heights Apartments

Canyon Pointe Apartments

Lincoln House
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.

Inglewood Terrace Apartments

Pembroke House

Riverbend Village Apartments

Parke Avenue Square

Pembroke House

Valleyview Manor

Park Royal Manor
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.

Highwood Apartments
Red Deer, AB Local Guide

How much does it cost to rent an apartment in Red Deer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Red Deer Studio Apartments | $1,149 | $1,049 | $1,215 |
| Red Deer 1 Bedroom Apartments | $1,430 | $950 | $1,771 |
| Red Deer 2 Bedroom Apartments | $1,658 | $1,250 | $1,855 |
| Red Deer 3 Bedroom Apartments | $1,810 | $1,655 | $1,905 |
| Red Deer 4 Bedroom Apartments | $1,810 | $1,810 | $1,810 |
Browse Top Apartments in Red Deer
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Red Deer, AB Local Guide
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Cheapest Available Red Deer Apartments for Rent
 The cheapest available apartment rental in Red Deer, AB is a 1 Bed unit found at Mainstreet Gaetz Core priced from $950. 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 Red Deer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mainstreet Gaetz Core | 1 Bedroom | 1BR,1BA | $950 |
| Mainstreet Waskasoo Apartments | 1 Bedroom | 1BR,1BA | $1,049 |
| Waskasoo Terrace Apartments | 1 Bedroom | 1BR,1BA | $1,099 |
| Mainstreet South Hill Apartments | 1 Bedroom | 1BR,1BA | $1,149 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Red Deer, AB
As of July 30, 2026 the best value apartment in the Red Deer area is the $1.26 price per square foot - 3 Bedroom Model at Kitson Close Townhomes in the starting from $1,829. The second greatest value Red Deer apartment is the - 3 Bedroom Model at Revy Townhomes starting at $1,655 with a $1.24 price per square foot . Here is today’s list of the best values for Red Deer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kitson Close Townhomes | - 3 Bedroom | 3BR,1.5BA | $1.26 |
| Revy Townhomes | - 3 Bedroom | 3BR,1.5BA | $1.24 |
| Riverfront Estates | - 3 Bedroom | 3BR,1.5BA | $1.37 |
| Parke Avenue Square | 3 Bedroom | 3BR,2BA | $1.37 |
| Exeter Court | - 2 Bedroom | 2BR,1BA | $1.65 |
| Hawkwood | - 2 Bedroom | 2BR,1BA | $1.68 |
| Taylor Heights Apartments | 2 Bedroom | 2BR,1BA | $1.74 |
| Canyon Pointe Apartments | 2 Bedroom | 2BR,1BA | $1.74 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1.68 |
| Mainstreet Waskasoo Apartments | 1 Bedroom | 1BR,1BA | $1.75 |
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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See the most popular apartments and homes in Red Deer, AB
Red Deer, AB Area Reviews
BetyanyJo • 4+ years in Red Deer
March 26, 2025Red deer AB, was once the ideal place to raise your children. But now regrettably it is not. It has become somewhat more dangerous as the homeless are becoming more and more every day 2017 homelessness was an average of 60 to 80 adults now over 360. Beds in shelters only 200. So there are 160 left without a bed every night.Yet the city pays to have their homes taken which is a tent. I don't understand why they think that the homeless want to live out in the middle of -30°, -40°even sometimes -50° c that is not ideal for any human being. Yet they take everything that is detrimental to staying warm away from them saying they can use the shelters, no if they're out there no they can't there are no beds for them. And for those who judge, I dare you to go spend just 7 days Out in the wilderness. you got to find a place where they can't find you. make sure you have snacks, and water. you can eat at the soup kitchens. And tell no one where you are. No more advice given. You are on your own.
Frequently Asked Questions about Cheap Red Deer Apartments
How much is rent for a Cheap One Bedroom Red Deer Apartment?
The lowest price for a Cheap One Bedroom Red Deer Apartment is $950 at Mainstreet Gaetz Core.
What is the lowest price for a Cheap Two Bedroom Red Deer Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Red Deer is starting from $1,250 at Waskasoo Terrace Apartments.
What is the most affordable Red Deer Three Bedroom Apartment?
The best deal on a cheap Red Deer Three Bedroom Apartment rental is at Parke Avenue Square and starts from $1,629.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.