
Cheap Homes for Rent in Sherwood Park, AB from $1,000 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Sherwood Park.


9120-9106 106 Ave NW

12915 69 St NW

11628-11691 91 St NW

3003-3131 131 Ave NW

12838-12865 65 St 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.

9116-9194 94 Ave NW

12120 62 St NW

12015 82 St NW

403 Belvedere Gate NW

8310-8310 Jasper Ave

403 Belvedere Gate
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.

8228 93a Ave NW
Sherwood Park, AB Local Guide

How much does it cost to rent a home in Sherwood Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherwood Park 2 Bedroom Homes for Rent | $1,675 | $1,190 | $2,095 |
| Sherwood Park 3 Bedroom Homes for Rent | $2,057 | $1,525 | $2,595 |
| Sherwood Park 4 Bedroom Homes for Rent | $2,266 | $1,750 | $2,750 |
Browse Top Homes for Rent in Sherwood Park
Explore Sherwood Park
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 $1,049. 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 | $1,049 |
| Riverview Plaza | 1 Bedroom | 1BR,1BA | $1,115 |
| Durham County | - 1 Bedroom | 1BR,1BA | $1,124 |
| River Heights West | 1 Bedroom | 1BR,1BA | $1,125 |
| Hermitage Village Apartments | 1 Bedroom | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Sherwood Park, AB and Nearby
As of June 22, 2026 the best value apartment in the Sherwood Park area is the $1.39 price per square foot - 3 Bedroom Model at Cavell Ridge Townhomes in the in the North neighborhood starting from $1,720. The second greatest value Sherwood Park apartment is the 3 Bedroom Large - Renovated Model at Rivervalley Townhomes starting at $1,769 with a $1.66 price per square foot in the South 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. |
|---|---|---|---|
| Cavell Ridge Townhomes | - 3 Bedroom | 3BR,1.5BA | $1.39 |
| Rivervalley Townhomes | 3 Bedroom Large - Renovated | 3BR,1BA | $1.66 |
| Hartford County Townhomes | - 3 Bedroom | 3BR,1.5BA | $1.57 |
| Hooke County Townhomes | - 2 Bedroom | 2BR,1.5BA | $1.77 |
| Spruce Arms | - 2 Bedroom | 2BR,1BA | $1.55 |
| Cameron County | - 1 Bedroom | 1BR,1BA | $1.41 |
| Victoria County | - 1 Bedroom | 1BR,1BA | $1.60 |
| Christopher County | - 2 Bedroom | 2BR,1BA | $1.70 |
| 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 Sherwood Park
What type of rentals are currently available in Sherwood Park?
There are currently 200 Apartments for Rent in Sherwood Park, AB with pricing that ranges from $450 to $2,575. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sherwood Park ranging from $1,095 to $2,750.
What is the current price range for Rental Homes in Sherwood Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Sherwood Park ranges from $1,095 to $2,750 with an average monthly rent of $1,871.
How much are larger Three and Four Bedroom Rentals in Sherwood Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Sherwood Park range from $1,499 to $2,099, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,525 to $2,595. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $2,295.
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

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.

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.