
Cheap Apartments for Rent in Red Deer, AB from $900 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Red Deer.


Mainstreet Red Deer Apartments

Revy Townhomes

Hillside

Highwood Apartments

Lincoln House

Taylor Heights Apartments

Parke Avenue Square

Valleyview Manor

Canyon Pointe Apartments
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.

Saratoga Tower

Riverfront Estates

Halman Heights Townhomes

Kitson Close Townhomes

Kyte Crescent Townhomes

Kelloway Crescent Townhomes

Cloverhill Terrace

Park Royal Manor

Sprucevale

Riverbend Village Apartments
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.

Hawkwood

Inglewood Terrace Apartments

Southwood Park

Watson Tower

Westridge Estates

Victoria Park

Bradford Place

2020 Apartments

Bristol Place

Three Robins Red Deer
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.

2020 Apartments

Pembroke House

Sandpiper - Premium Suites

5920 58 Av

4130 Ross

Alexander Place

40 Cardinal Ave

7148 Parke Ave

5614 55th St

Potters Hands Housing
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.

Barrett Kiwanis Place

Westbrook Manor

5121 37 St

The Suites

5415 48 Av

4811 67 St

42 Timberstone Way

Westview Manor

Plaza Apartments

Spatinow Court
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 | $1,075 | $1,025 | $1,125 |
| Red Deer 1 Bedroom Apartments | $1,421 | $1,199 | $1,569 |
| Red Deer 2 Bedroom Apartments | $1,706 | $1,299 | $1,779 |
| Red Deer 3 Bedroom Apartments | $1,755 | $1,650 | $1,799 |
| Red Deer 4 Bedroom Apartments | $2,137 | $1,775 | $2,500 |
Browse Top Apartments in Red Deer
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Red Deer, AB Local Guide
- Nearby Cities
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 $1,025. 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 | - Bachelor | Studio,1BA | $1,025 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1,199 |
| Lincoln House | - 1 Bedroom | 1BR,1BA | $1,240 |
| Sandpiper - Premium Suites | 1 Bedroom | 1BR,1BA | $1,245 |
| Valleyview Manor | - 1 Bedroom | 1BR,1BA | $1,294 |
| Park Royal Manor | - 1 Bedroom | 1BR,1BA | $1,324 |
| Parke Avenue Square | 1 Bedroom | 1BR,1BA | $1,379 |
| Exeter Court | - 2 Bedroom | 2BR,1BA | $1,424 |
| Riverbend Village Apartments | 2 Bedroom | 2BR,1BA | $1,429 |
| Spatinow Court | - 3 Bedroom | 3BR,1BA | $1,434 |
Best Value Apartments for Rent in Red Deer, AB and Nearby
As of January 26, 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 $1,825. The second greatest value Red Deer apartment is the - 3 Bedroom Model at Revy Townhomes starting at $1,625 with a $1.22 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 | $1.22 |
| Riverfront Estates | - 3 Bedroom | 3BR,1.5BA | $1.40 |
| Halman Heights Townhomes | - 3 Bedroom | 3BR,1.5BA | $1.44 |
| Spatinow Court | - 3 Bedroom | 3BR,1BA | $1.32 |
| Highwood Apartments | - 2 Bedroom | 2BR,1BA | $1.64 |
| Exeter Court | - 2 Bedroom | 2BR,1BA | $1.68 |
| Riverbend Village Apartments | 2 Bedroom Premium | 2BR,1BA | $1.76 |
| Parke Avenue Square | 1 Bedroom | 1BR,1BA | $1.73 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1.68 |
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!
Explore Red Deer, AB Rentals by Map
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.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.