
Cheap Apartments for Rent in Sherwood Park, AB from $600 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in Sherwood Park.


Broadview Meadows Apartments

Spruce Arms

Pet-Friendly, TWO-Bedroom Suite with all UTILITIES INCLUDED

11837-11840 40 St NW

11919-11955 55 St NW

11814-11839 39 St NW

3511-3118 118 Ave NW
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.

3607 118 Ave NW

Hermitage Village Apartments

Northridge Estates

Durham County

11208-11251 51 St NW

11837 54th St. NW

Christopher County

Cameron County
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.

11827-11847 47 St NW

Victoria County

12116-12143 43 St NW

12133-12146 46 St NW

Northstar Affordable

Capilano Court

11907-11981 81 St NW

Soho Manor
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.

Amarillys

River Heights Apartments

9017-9093 93 St NW

9750-9782 82 Ave NW

Riverview Plaza

Imperial Tower

River Heights West

9120-9106 106 Ave NW
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.

12915 69 St NW

Meadowview Apartments

Royal

11628-11691 91 St NW

Parkview Estates

Parkview Estates

Capilano Tower

3003-3131 131 Ave NW
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.

12838-12865 65 St NW
Sherwood Park, AB Local Guide

How much does it cost to rent an apartment in Sherwood Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherwood Park Studio Apartments | $994 | $623 | $1,169 |
| Sherwood Park 1 Bedroom Apartments | $1,379 | $950 | $1,860 |
| Sherwood Park 2 Bedroom Apartments | $1,711 | $1,149 | $2,575 |
| Sherwood Park 3 Bedroom Apartments | $1,732 | $1,499 | $2,304 |
| Sherwood Park 4 Bedroom Apartments | $2,295 | $2,295 | $2,295 |
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Sherwood Park, AB Local Guide
- Nearby Cities
Cheapest Available Sherwood Park Apartments for Rent and Nearby
 The cheapest available apartment rental in Sherwood Park, AB is a 1 Bed unit found at Northridge Estates in the North neighborhood priced from $1,104. Riverview Plaza in the North neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,115. Here is today’s list of the most affordable Sherwood Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northridge Estates | 1 Bedroom | 1BR,1BA | $1,104 |
| Riverview Plaza | 1 Bedroom | 1BR,1BA | $1,115 |
| Durham County | - 1 Bedroom | 1BR,1BA | $1,124 |
| Hermitage Village Apartments | 1 Bedroom | 1BR,1BA | $1,149 |
| Christopher County | - 1 Bedroom | 1BR,1BA | $1,170 |
| Cameron County | - 1 Bedroom | 1BR,1BA | $1,200 |
| Victoria County | - 1 Bedroom | 1BR,1BA | $1,254 |
| Parkview Estates | 2 Bedroom Townhouse | 2BR,1BA | $1,334 |
| Spruce Arms | - 2 Bedroom | 2BR,1BA | $1,336 |
| Broadview Meadows Apartments | 1 Bedroom | 1BR,1BA | $1,370 |
Best Value Apartments for Rent in Sherwood Park, AB and Nearby
As of June 16, 2026 the best value apartment in the Sherwood Park area is the $1.66 price per square foot 3 Bedroom Large - Renovated Model at Rivervalley Townhomes in the in the South neighborhood starting from $1,769. The second greatest value Sherwood Park apartment is the - 3 Bedroom Model at Hartford County Townhomes starting at $1,670 with a $1.57 price per square foot in the North neighborhood. Here is today’s list of the best values for Sherwood Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Rivervalley Townhomes | 3 Bedroom Large - Renovated | 3BR,1BA | $1.66 |
| Hartford County Townhomes | - 3 Bedroom | 3BR,1.5BA | $1.57 |
| Hooke County Townhomes | - 3 Bedroom | 3BR,1.5BA | $1.56 |
| Cavell Ridge Townhomes | - 2 Bedroom | 2BR,1BA | $1.66 |
| Cavell Ridge Townhomes | - 2 Bedroom | 2BR,1BA | $1.66 |
| Spruce Arms | - 2 Bedroom | 2BR,1BA | $1.55 |
| Cameron County | - 1 Bedroom | 1BR,1BA | $1.41 |
| Victoria County | - 1 Bedroom | 1BR,1BA | $1.60 |
| Durham County | - 1 Bedroom | 1BR,1BA | $1.51 |
| Hermitage Village Apartments | 1 Bedroom | 1BR,1BA | $1.65 |
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 Sherwood Park, AB Rentals by Map
See the most popular apartments and homes in Sherwood Park, AB
Frequently Asked Questions about Cheap Sherwood Park Apartments
How much is rent for a Cheap One Bedroom Sherwood Park Apartment?
The lowest price for a Cheap One Bedroom Sherwood Park Apartment is $1,104 at Northridge Estates.
What is the lowest price for a Cheap Two Bedroom Sherwood Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Sherwood Park is starting from $1,229 at Riverview Plaza.
What is the most affordable Sherwood Park Three Bedroom Apartment?
The best deal on a cheap Sherwood Park Three Bedroom Apartment rental is at Hermitage Village Apartments and starts from $1,499.
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

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.

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.

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.

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.