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$970 - $1,7851 to 2 Bedroom Apartments Available Now
BlueWater Apartments South
15 Broadway RiseSylvan Lake, AB T4S 0M2
Cheap Apartments for Rent in Sylvan Lake, AB from $900 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Sylvan Lake.
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$1,0251 Bedroom Apartments Available Now
Mainstreet Gaetz Core
4920 47 StRed Deer, AB T4N 1R5
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$1,049 - $1,860Studio to 4 Bedroom Apartments Available Now
Hillside
3920 50 AveRed Deer, AB T4N 3Z1
4940-4951 51 St
Red DeerABT4N 2A7
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.
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$1,075 - $1,3001 to 2 Bedroom Apartments Available Now
Mainstreet Waskasoo Apartments
4721 55 StRed Deer, AB T4N 2H9
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$1,095 - $1,645Studio to 2 Bedroom Apartments Contact Us For Availability
Trilogy East
2 Trinity StLacombe, AB T4L 0J2
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$1,135 - $1,715Studio to 2 Bedroom Apartments Available May 1
Timberstone Village
301 Timothy DrRed Deer, AB T4P 0P1
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$1,175 - $1,6501 to 3 Bedroom Apartments Available Now
Mainstreet Red Deer Apartments
5120-5140 62 StRed Deer, AB T4N 6R1
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.
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Sylvan Lake, AB Local Guide
How much does it cost to rent an apartment in Sylvan Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sylvan Lake Studio Apartments | $1,139 | $1,049 | $1,215 |
| Sylvan Lake 1 Bedroom Apartments | $1,418 | $970 | $1,715 |
| Sylvan Lake 2 Bedroom Apartments | $1,596 | $1,250 | $1,895 |
| Sylvan Lake 3 Bedroom Apartments | $1,722 | $1,300 | $1,980 |
| Sylvan Lake 4 Bedroom Apartments | $1,810 | $1,810 | $1,810 |
Browse Top Apartments in Sylvan Lake
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Sylvan Lake, AB Local Guide
- Nearby Cities
Cheapest Available Sylvan Lake Apartments for Rent and Nearby
The cheapest available apartment rental in Sylvan Lake, AB is a 1 Bed unit found at Mainstreet Gaetz Core priced from $1,025. Mainstreet Waskasoo Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here is today’s list of the most affordable Sylvan Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mainstreet Gaetz Core | 1 Bedroom | 1BR,1BA | $1,025 |
| Mainstreet Waskasoo Apartments | 1 Bedroom | 1BR,1BA | $1,075 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Sylvan Lake, AB and Nearby
As of April 29, 2026 the best value apartment in the Sylvan Lake area is the $1.30 price per square foot - 3 Bedroom Model at Revy Townhomes in the starting from $1,730. The second greatest value Sylvan Lake apartment is the 1 Bedroom, 1 Bathroom Model at Timber Pointe Apartments starting at $1,465 with a $1.81 price per square foot . Here is today’s list of the best values for Sylvan Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Revy Townhomes | - 3 Bedroom | 3BR,1.5BA | $1.30 |
| Timber Pointe Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.81 |
| Mainstreet Red Deer Apartments | 1-Bedroom | 1BR,1BA | $1.65 |
| BlueWater Apartments South | Layout D - 1B1B + Den | 1BR,1BA | $2.34 |
| Lonsdale Court | 1B1B (Layout A) | 1BR,1BA | $2.35 |
| Belmont Townhomes | 1 Bed, 1 bath | 1BR,1BA | $2.76 |
| Vanier Woods | - 1 Bedroom | 1BR,1BA | $2.48 |
| Mainstreet Waskasoo Apartments | 1 Bedroom | 1BR,1BA | $1.79 |
| Hillside | - 1 Bedroom | 1BR,1BA | $2.17 |
| Mainstreet Gaetz Core | 1 Bedroom | 1BR,1BA | $2.05 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
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Explore Sylvan Lake, AB Rentals by Map
See the most popular apartments and homes in Sylvan Lake, AB
Frequently Asked Questions about Cheap Sylvan Lake Apartments
How much is rent for a Cheap One Bedroom Sylvan Lake Apartment?
The lowest price for a Cheap One Bedroom Sylvan Lake Apartment is $1,025 at Mainstreet Gaetz Core.
What is the lowest price for a Cheap Two Bedroom Sylvan Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Sylvan Lake is starting from $1,300 at Mainstreet Waskasoo Apartments.
What is the most affordable Sylvan Lake Three Bedroom Apartment?
The best deal on a cheap Sylvan Lake Three Bedroom Apartment rental is at Revy Townhomes and starts from $1,730.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.