Apartments for Rent in Red Deer, AB Under $1,500 (37 Rentals)

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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.

property at 4940-4951 51 St

$1,250 - $1,300

2 Bedroom Rentals

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4940-4951 51 St

Red DeerABT4N 2A7
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Waskasoo Terrace Apartments
$1,145 - $1,2291 to 2 Bedroom Apartments

Waskasoo Terrace Apartments

4744 54 StRed Deer, AB T4N 2G3
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Bradford Place
$999 - $1,450Studio to 2 Bedroom Apartments

Bradford Place

104 Boyce StRed Deer, AB T4R 1L4
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Cloverhill Terrace
$1,449 - $1,599Studio to 2 Bedroom Apartments

Cloverhill Terrace

5925 63 StRed Deer, AB T4N 6K7
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Sprucevale
$1,429 - $1,5541 to 2 Bedroom Apartments

Sprucevale

5516 47A AveRed Deer, AB T4N 2J1
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Hawkwood
$1,429 - $1,6042 Bedroom Apartments

Hawkwood

4822 54 StRed Deer, AB T4N 2N1
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Exeter Court
$1,399 - $1,5242 Bedroom Apartments

Exeter Court

4821 46 StRed Deer, AB T4N 1M9
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Parke Avenue Square
$1,379 - $1,599Studio to 3 Bedroom Apartments

Parke Avenue Square

7108 Parke AveRed Deer, AB T4P 1M9
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Watson Tower
$1,369 - $1,6091 to 2 Bedroom Apartments

Watson Tower

5207 39 StRed Deer, AB T4N 0Z9

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.

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Heather Lee Apartments
$1,325 - $1,4501 to 2 Bedroom Apartments

Heather Lee Apartments

4734 55 StRed Deer, AB T4N 2J1
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Normandeau Apartments
$1,325 - $1,4501 to 3 Bedroom Apartments

Normandeau Apartments

17 Norquay StRed Deer, AB T4P 2S6
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2020 Apartments
$1,295 - $1,675Studio to 2 Bedroom Apartments

2020 Apartments

31B Timberstone WayRed Deer, AB T4P 0V5
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Highwood Apartments
$1,285 - $1,985Studio to 3 Bedroom Apartments

Highwood Apartments

25 Howarth StRed Deer, AB T4N 6J6
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Park Royal Manor
$1,280 - $1,4051 Bedroom Apartments

Park Royal Manor

4514 48th AveRed Deer, AB T4N 3S7
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Valleyview Manor
$1,280 - $1,4551 Bedroom Apartments

Valleyview Manor

3901 50A AveRed Deer, AB T4N 4E5
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Pembroke House
$1,274 - $1,4141 Bedroom Apartments

Pembroke House

4816 46 StRed Deer, AB T4N 1N1
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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.

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Pembroke House
$1,240 - $1,3651 Bedroom Apartments

Pembroke House

4815 46 StRed Deer, AB T4N 1M9
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Lincoln House
$1,230 - $1,3551 Bedroom Apartments

Lincoln House

4827 46 StRed Deer, AB T4N 1N1
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Bristol Place
$999 - $1,450Studio to 2 Bedroom Apartments

Bristol Place

86 Bell StRed Deer, AB T4R 1M8
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Spatinow Court
$1,444 - $1,5943 Bedroom Apartments

Spatinow Court

4601-4603 46 AveWetaskiwin, AB T4N 3N2

Red Deer, AB Local Guide

Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Red Deer, AB Area Reviews

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BetyanyJo4+ years in Red Deer

March 26, 2025

Red 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 Red Deer

What is the current price range for One Bedroom Red Deer Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Red Deer ranges from $975 to $1,771 with an average monthly rent of $1,441.

What does renting a Two Bedroom Apartment in Red Deer cost?

The monthly rent prices of Two Bedroom Apartments currently available in Red Deer range from $1,250 to $1,985. Today's average rental price for Two Bedrooms here is $1,640.

How expensive are Red Deer Three Bedroom Apartments?

There are currently 40 Three Bedroom Apartments listings available in Red Deer on ApartmentHomeLiving.com. The pricing ranges from $1,650 to $1,980 - averaging $1,855 for the location.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.