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$1,0251 Bedroom Apartments Available Now
Mainstreet Gaetz Core
4920 47 StRed Deer, AB T4N 1R5
Cheap Apartments for Rent in Red Deer, AB from $900 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Red Deer.
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$1,049 - $1,860Studio to 4 Bedroom Apartments Available Now
Hillside
3920 50 AveRed Deer, AB T4N 3Z1
4940-4951 51 St
Red DeerABT4N 2A7
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$1,075 - $1,3001 to 2 Bedroom Apartments Available Now
Mainstreet Waskasoo Apartments
4721 55 StRed Deer, AB T4N 2H9
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Rent Specials
$1,135 - $1,715Studio to 2 Bedroom Apartments Available May 1
Timberstone Village
301 Timothy DrRed Deer, AB T4P 0P1
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$1,175 - $1,6501 to 3 Bedroom Apartments Available Now
Mainstreet Red Deer Apartments
5120-5140 62 StRed Deer, AB T4N 6R1
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Rent Specials
$1,215 - $1,895Studio to 2 Bedroom Apartments Available Now
Timber Pointe Apartments
70 Thomlison AvRed Deer, AB T4P 0W3
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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$900Studio to 2 Bedroom Apartments
Mainstreet South Hill Apartments
5011 39 StRed Deer, AB T4N 0Z6
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$999 - $1,450Studio to 2 Bedroom Apartments
Bradford Place
104 Boyce StRed Deer, AB T4R 1L4
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$999 - $1,450Studio to 2 Bedroom Apartments
Bristol Place
86 Bell StRed Deer, AB T4R 1M8
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$1,0751 to 2 Bedroom Apartments
Waskasoo Terrace Apartments
4744 54 StRed Deer, AB T4N 2G3
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$1,075 - $1,545Studio to 2 Bedroom Apartments
Sandpiper - Premium Suites
5820 58A StRed Deer, AB T4N 2M7
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$1,135 - $1,675Studio to 2 Bedroom Apartments
2020 Apartments
31B Timberstone WayRed Deer, AB T4P 0V5
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$1,199 - $1,5291 to 2 Bedroom Apartments
Canyon Pointe Apartments
3424 52 AveRed Deer, AB T4N 6N2
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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$1,230 - $1,3551 Bedroom Apartments
Lincoln House
4827 46 StRed Deer, AB T4N 1N1
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$1,240 - $1,3651 Bedroom Apartments
Pembroke House
4815 46 StRed Deer, AB T4N 1M9
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$1,269 - $1,4491 to 2 Bedroom Apartments
Inglewood Terrace Apartments
3710 52 AveRed Deer, AB T4N 4J5
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$1,274 - $1,4141 Bedroom Apartments
Pembroke House
4816 46 StRed Deer, AB T4N 1N1
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$1,280 - $1,4551 Bedroom Apartments
Valleyview Manor
3901 50A AveRed Deer, AB T4N 4E5
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$1,280 - $1,4051 Bedroom Apartments
Park Royal Manor
4514 48th AveRed Deer, AB T4N 3S7
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$1,285 - $1,985Studio to 3 Bedroom Apartments
Highwood Apartments
25 Howarth StRed Deer, AB T4N 6J6
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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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 | $1,153 | $1,049 | $1,215 |
| Red Deer 1 Bedroom Apartments | $1,434 | $1,025 | $1,645 |
| Red Deer 2 Bedroom Apartments | $1,593 | $1,300 | $1,895 |
| Red Deer 3 Bedroom Apartments | $1,830 | $1,650 | $1,980 |
| Red Deer 4 Bedroom Apartments | $1,810 | $1,810 | $1,810 |
Browse Top Apartments in Red Deer
See all Apartments in Red DeerExplore Red Deer
Red Deer, AB Local Guide
- Nearby Cities
Cheapest Available Red Deer Apartments for Rent
The cheapest available apartment rental in Red Deer, AB is a Studio unit found at Mainstreet South Hill Apartments priced from $900. Mainstreet Gaetz Core has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. Here is today’s list of the most affordable Red Deer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mainstreet South Hill Apartments | Bachelors | Studio,1BA | $900 |
| Mainstreet Gaetz Core | 1 Bedroom | 1BR,1BA | $1,025 |
| Mainstreet Waskasoo Apartments | 1 Bedroom | 1BR,1BA | $1,075 |
| Waskasoo Terrace Apartments | 1 Bedroom | 1BR,1BA | $1,075 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Red Deer, AB
As of April 29, 2026 the best value apartment in the Red Deer 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 Red Deer apartment is the - 3 Bedroom Model at Riverfront Estates starting at $1,730 with a $1.37 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. |
|---|---|---|---|
| Revy Townhomes | - 3 Bedroom | 3BR,1.5BA | $1.30 |
| Riverfront Estates | - 3 Bedroom | 3BR,1.5BA | $1.37 |
| Exeter Court | - 2 Bedroom | 2BR,1BA | $1.65 |
| Sprucevale | - 2 Bedroom | 2BR,1BA | $1.68 |
| Hawkwood | - 2 Bedroom | 2BR,1BA | $1.68 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1.65 |
| Lincoln House | - 1 Bedroom | 1BR,1BA | $1.76 |
| Pembroke House | - 1 Bedroom | 1BR,1BA | $1.77 |
| Waskasoo Terrace Apartments | 1 Bedroom | 1BR,1BA | $1.76 |
| Mainstreet Waskasoo Apartments | 1 Bedroom | 1BR,1BA | $1.79 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 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 ArticleCash 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.
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
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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 $1,025 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 $1,300 at Mainstreet Waskasoo 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 $1,730.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.