
Cheap Apartments for Rent in Red Deer, AB from $900 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in Red Deer.


Mainstreet Red Deer Apartments

Revy Townhomes

Hillside
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.
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.
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.
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.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,087 | $1,025 | $1,125 |
| Red Deer 1 Bedroom Apartments | $1,353 | $1,199 | $1,539 |
| Red Deer 2 Bedroom Apartments | $1,585 | $1,299 | $1,749 |
| Red Deer 3 Bedroom Apartments | $1,772 | $1,650 | $1,864 |
| Red Deer 4 Bedroom Apartments | $1,775 | $1,775 | $1,775 |
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 and Nearby
 The cheapest available apartment rental in Red Deer, AB is a Studio unit found at Hillside priced from $1,125. Mainstreet Red Deer Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here is today’s list of the most affordable Red Deer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hillside | Renovated Suite - Bachelor | Studio,1BA | $1,125 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1,199 |
| Sandpiper - Premium Suites | 1 Bedroom Main Floor | 1BR,1BA | $1,205 |
| Pembroke House | - 1 Bedroom | 1BR,1BA | $1,274 |
| Pembroke House | - 1 Bedroom | 1BR,1BA | $1,274 |
| Valleyview Manor | Classic Suite - 1 Bedroom | 1BR,1BA | $1,319 |
| Sprucevale | - 2 Bedroom | 2BR,1BA | $1,334 |
| Highwood Apartments | Classic Suite - 2 Bedroom | 2BR,1BA | $1,375 |
| Timber Pointe Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,475 |
| Vanier Woods | - 1 Bedroom | 1BR,1BA | $1,489 |
Best Value Apartments for Rent in Red Deer, AB and Nearby
As of October 25, 2025 the best value apartment in the Red Deer area is the $1.24 price per square foot - 3 Bedroom Model at Kitson Close Townhomes in the starting from $1,800. The second greatest value Red Deer apartment is the - 3 Bedroom Model at Revy Townhomes starting at $1,660 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 | $1.24 |
| Revy Townhomes | - 3 Bedroom | 3BR,1.5BA | $1.24 |
| Southwood Park | Elite 3 Bedroom | 3BR,1.5BA | $1.77 |
| Westridge Estates | 3 Bedroom Townhouse Premium | 3BR,1BA | $1.75 |
| Highwood Apartments | - 2 Bedroom | 2BR,1BA | $1.61 |
| Hawkwood | - 2 Bedroom | 2BR,1BA | $1.56 |
| Sprucevale | - 2 Bedroom | 2BR,1BA | $1.57 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1.68 |
| Pembroke House | - 1 Bedroom | 1BR,1BA | $1.82 |
| Valleyview Manor | - 1 Bedroom | 1BR,1BA | $1.81 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 $1,199 at Mainstreet Red Deer Apartments.
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 $1,299 at Mainstreet Red Deer 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 Revy Townhomes and starts from $1,660.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.







































