
Cheap Apartments for Rent in Red Deer County, AB from $900 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Red Deer County.


Vanier Woods

2020 Apartments

Revy Townhomes

Hillside

Taylor Heights Apartments

Canyon Pointe Apartments

Highwood Apartments

Saratoga Tower
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.

Halman Heights Townhomes

Kitson Close Townhomes

Cloverhill Terrace

Inglewood Terrace Apartments

Park Royal Manor

Watson Tower

Southwood Park

Westridge Estates

Victoria Park
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.

Bristol Place

2020 Apartments

5016 47 St

44 Reid Crt

45 Reid Crt

4801 Parkwood Rd

4711 46 Av

Sandpiper - Premium Suites

New Harbourview Apartments
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.

5614 55th St

4603 47 Av

5820 61 St

4901 Parkwood Rd

42 Timberstone Way

Westbrook Manor

5121 37 St

The Suites

4403-4405 46 Ave
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.

4932 56 St

Barrett Kiwanis Place
Red Deer County, AB Local Guide
How much does it cost to rent an apartment in Red Deer County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Red Deer County Studio Apartments | $1,127 | $1,049 | $1,174 |
| Red Deer County 1 Bedroom Apartments | $1,471 | $950 | $1,771 |
| Red Deer County 2 Bedroom Apartments | $1,691 | $1,495 | $1,808 |
| Red Deer County 3 Bedroom Apartments | $1,810 | $1,655 | $1,905 |
| Red Deer County 4 Bedroom Apartments | $1,810 | $1,810 | $1,810 |
Browse Top Apartments in Red Deer County
See all Apartments in Red Deer CountyExplore Red Deer County
Red Deer County, AB Local Guide
- Nearby Cities
Cheapest Available Red Deer County Apartments for Rent and Nearby
 The cheapest available apartment rental in Red Deer County, AB is a 1 Bed unit found at Mainstreet Gaetz Core priced from $950. Hillside has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,260. Here is today’s list of the most affordable Red Deer County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mainstreet Gaetz Core | 1 Bedroom | 1BR,1BA | $950 |
| Hillside | - 1 Bedroom | 1BR,1BA | $1,260 |
| Highwood Apartments | - 1 Bedroom | 1BR,1BA | $1,320 |
| Bristol Place | 1 Bed, 1 Bath | 1BR,1BA | $1,325 |
| Canyon Pointe Apartments | 2 Bedroom | 2BR,1BA | $1,339 |
| Inglewood Terrace Apartments | 2 Bedroom | 2BR,1BA | $1,399 |
| Taylor Heights Apartments | 2 Bedroom | 2BR,1BA | $1,399 |
| Vanier Woods | - 1 Bedroom | 1BR,1BA | $1,555 |
| Cloverhill Terrace | 2 Bedroom Premium | 2BR,1BA | $1,579 |
| Revy Townhomes | - 3 Bedroom | 3BR,1BA | $1,655 |
Best Value Apartments for Rent in Red Deer County, AB and Nearby
As of July 30, 2026 the best value apartment in the Red Deer County 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 County 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 County 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 |
| Liberty Park Apartments | - 2 Bedroom | 2BR,2BA | $1.87 |
| Cloverhill Terrace | 2 Bedroom Premium | 2BR,1BA | $1.80 |
| Westridge Estates | 2 Bedroom Townhouse Premium | 2BR,1BA | $1.97 |
| Taylor Heights Apartments | 2 Bedroom | 2BR,1BA | $1.74 |
| Canyon Pointe Apartments | 2 Bedroom | 2BR,1BA | $1.74 |
| Highwood Apartments | - 1 Bedroom | 1BR,1BA | $1.94 |
| Bristol Place | 1 Bed, 1 Bath | 1BR,1BA | $1.96 |
| Mainstreet Gaetz Core | 1 Bedroom | 1BR,1BA | $1.90 |
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!
Explore Red Deer County, AB Rentals by Map
See the most popular apartments and homes in Red Deer County, AB
Frequently Asked Questions about Cheap Red Deer County Apartments
How much is rent for a Cheap One Bedroom Red Deer County Apartment?
The lowest price for a Cheap One Bedroom Red Deer County Apartment is $950 at Mainstreet Gaetz Core.
What is the lowest price for a Cheap Two Bedroom Red Deer County Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Red Deer County is starting from $1,339 at Canyon Pointe Apartments.
What is the most affordable Red Deer County Three Bedroom Apartment?
The best deal on a cheap Red Deer County Three Bedroom Apartment rental is at Revy Townhomes and starts from $1,655.
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.