
Cheap Apartments for Rent in Sherwood Park, AB from $648 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Sherwood Park.


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

11919-11955 55 St NW

Northridge Estates

3511-3118 118 Ave NW

Cameron County

Durham County

Hermitage Village Apartments
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.

9720-9762 62 St NW

Christopher County

Victoria County

Northstar Affordable

Capilano Court

9115-9165 65 Ave NW

Amarillys

3312-3105 105 Ave NW
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.

3312-3105 105 Ave NW

Soho Manor

107 Village AC Vlg

107 Village AC Vlg

9740-9782 82 Ave NW

8832-8892 92 St NW

Riverview Plaza

Royal
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.

River Heights Apartments

3312-3105 105 Ave NW

3312-3105 105 Ave NW

3415-3106 106 Ave NW

3415-3106 106 Ave NW

River Heights West

9208-9106 106 Ave NW

Imperial Tower
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.

Meadowview Apartments

7132-7193 93 St NW

11115-11151 51 St NW

3415-3106 106 Ave NW

3312-3105 105 Ave NW

3415-3106 106 Ave NW

3312-3105 105 Ave NW

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

How much does it cost to rent an apartment in Sherwood Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Sherwood Park Studio Apartments | $1,033 | $648 | $1,289 |
| Cheap Sherwood Park 1 Bedroom Apartments | $1,356 | $950 | $1,731 |
| Cheap Sherwood Park 2 Bedroom Apartments | $1,734 | $1,219 | $2,374 |
| Cheap Sherwood Park 3 Bedroom Apartments | $1,836 | $1,499 | $2,379 |
| Cheap Sherwood Park 4 Bedroom Apartments | $2,455 | $2,295 | $2,495 |
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Sherwood Park, AB Local Guide
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Cheapest Available Sherwood Park Apartments for Rent
 The cheapest available apartment rental in Sherwood Park, AB is a Studio unit found at Northridge Estates in the North neighborhood priced from $989. Riverview Plaza in the North neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,066. Here is today’s list of the most affordable Sherwood Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northridge Estates | Studio | Studio, 1BA | $989 |
| Riverview Plaza | 1 Bedroom | 1BR, 1BA | $1,066 |
| Cameron County | - 1 Bedroom | 1BR, 1BA | $1,080 |
| Durham County | - 1 Bedroom | 1BR, 1BA | $1,090 |
| Christopher County | - 1 Bedroom | 1BR, 1BA | $1,170 |
| Imperial Tower | 1 Bedroom | 1BR, 1BA | $1,187 |
| Hermitage Village Apartments | 1 Bedroom | 1BR, 1BA | $1,225 |
| Victoria County | - 1 Bedroom | 1BR, 1BA | $1,233 |
| Soho Manor | - 1 Bedroom | 1BR, 1BA | $1,260 |
| Broadview Meadows Apartments | 1 Bedroom | 1BR, 1BA | $1,340 |
Best Value Apartments for Rent in Sherwood Park, AB
As of September 20, 2026 the best value apartment in the Sherwood Park area is the $1.41 price per square foot - 2 Bedroom Model at Cameron County in the North neighborhood starting from $1,535. The second greatest value Sherwood Park apartment is the Elite 2 Bedroom Model at Greenwood Village in the Outlying neighborhood starting at $1,899 with a $1.83 price per square foot. 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. |
|---|---|---|---|
| Cameron County | - 2 Bedroom | 2BR, 1BA | $1.41 |
| Greenwood Village | Elite 2 Bedroom | 2BR, 1.5BA | $1.83 |
| Cavell Ridge Townhomes | - 2 Bedroom | 2BR, 1BA | $1.71 |
| Hartford County Townhomes | - 2 Bedroom | 2BR, 1.5BA | $1.71 |
| Victoria County | - 1 Bedroom | 1BR, 1BA | $1.57 |
| Christopher County | - 2 Bedroom | 2BR, 1BA | $1.70 |
| Durham County | - 1 Bedroom | 1BR, 1BA | $1.47 |
| Hermitage Village Apartments | 1 Bedroom | 1BR, 1BA | $1.76 |
| Broadview Meadows Apartments | 1 Bedroom | 1BR, 1BA | $1.95 |
| Riverview Plaza | 1 Bedroom | 1BR, 1BA | $1.76 |
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 ArticleNavigating 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.
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 $1,066 at Riverview Plaza.
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 $1,150 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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.