Cheap Apartments for Rent in Winnipeg, MB from $500 (112 Rentals)

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Search the lowest-cost Apartments available for rent right now in Winnipeg.

property at 555 River Ave

555 River Ave

WinnipegMBR3L 0E3

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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property at 70 Donwood Dr

70 Donwood Dr

WinnipegMBR2G 0J9
property at 1025 Pembina Hwy

1025 Pembina Hwy

WinnipegMBR3T 1Z6

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.

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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.

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property at 1777 St Mary's Rd

1777 St Mary's Rd

WinnipegMBR2N 0L5
property at 661 Mcmillan Av

661 Mcmillan Av

WinnipegMBR3M 0S6

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Moxam Court Apartments
Studio to 3 Bedroom Apartments

Moxam Court Apartments

280 River AvWinnipeg, MB R3L 0B8
  • Utilities Included
  • Smoke Free
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Red River Pointe
Studio to 1 Bedroom Apartments

Red River Pointe

360 Cumberland AvWinnipeg, MB R3B 1T4
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The Princeton
Studio to 2 Bedroom Apartments

The Princeton

314 BroadwayWinnipeg, MB R3C 0S7
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Ladywood
Studio to 1 Bedroom Apartments

Ladywood

172 Edmonton StWinnipeg, MB R3C 1R3
  • Utilities Included
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380 Young Street
1 to 2 Bedroom Apartments

380 Young Street

380 Young StWinnipeg, MB R3B 1A8
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1030 Brazier Street
Studio to 2 Bedroom Apartments

1030 Brazier Street

1030 Brazier StWinnipeg, MB R2K 2P3
  • Utilities Included
  • Smoke Free
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359 Edison Avenue
1 Bedroom Apartments

359 Edison Avenue

359 Edison AvWinnipeg, MB R2G 0L9
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333 Edison Apartment
1 to 2 Bedroom Apartments

333 Edison Apartment

333 Edison AvWinnipeg, MB R2G 0L9
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 3

Winnipeg, MB Local Guide

Cheapest Available Winnipeg Apartments for Rent

 

The cheapest available apartment rental in Winnipeg, MB is a Studio unit found at The Princeton priced from $759. Ladywood has the second lowest priced unit, which is a Studio apartment currently listed from $807. Here is today’s list of the most affordable Winnipeg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The PrincetonBachelorStudio,1BA$759
Ladywood0 Beds, 1 BathsStudio,1BA$807
389 Balmoral Apartment389 Balmoral - Studio, 1 BathStudio,1BA$889
309 Enfield Apartment309 Enfield - 1 Bedroom, 1 Bathroom1BR,1BA$899
Residences at Portage Commons1 Bedroom1BR,1BA$926
333 Edison Apartment333 Edison - 1 Bedroom, 1 Bathroom1BR,1BA$1,006
555 River Ave1 Beds, 1 Baths1BR,1BA$1,017
Lady Dale & Lady Robin0 Beds, 1 BathsStudio,1BA$1,071
Don Wright1 Beds, 1 Baths1BR,1BA$1,093
190 Smith Apartment Suites190 Smith - Studio, 1 BathStudio,1BA$1,099

Best Value Apartments for Rent in Winnipeg, MB

As of November 03, 2025 the best value apartment in the Winnipeg area is the $1.34 price per square foot 2 Beds, 2 Baths Model at 21 Mayfair Pl in the starting from $1,995. The second greatest value Winnipeg apartment is the 3 Beds, 1 Baths Model at Water's Edge Estates starting at $1,599 with a $1.36 price per square foot . Here is today’s list of the best values for Winnipeg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
21 Mayfair Pl2 Beds, 2 Baths2BR,2BA$1.34
Water's Edge Estates3 Beds, 1 Baths3BR,1BA$1.36
1245 Jefferson Avenue1Bed / 1Bath2BR,1BA$1.32
75 Oak Park Walk2-75 Oak Park Walk - 3 Bedrooms, 1 Bathroom - T...3BR,1BA$1.60
Olympic Towers2 Beds, 1 Baths2BR,1BA$1.62
20 Pipeline Road1Bed / 1Bath1BR,1BA$1.64
1075 Andrews Street1Bed / 1Bath1BR,1BA$1.49
311 Partridge Avenue1Bed / 1Bath1BR,1BA$1.49
15 Mandalay Drive1Bed / 1Bath1BR,1BA$1.65
9 Mandalay Drive1Bed / 1Bath1BR,1BA$1.65

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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The 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.

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Quick 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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Winnipeg, MB Rentals by Map

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See the most popular apartments and homes in Winnipeg, MB

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Winnipeg, MB Area Reviews

  • Parks
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LaurieSimmons • 4+ years in Winnipeg

February 25, 2025

Winnipeg is a friendly town it’s beautiful to live friendly The housing and rental are very nice to live

Frequently Asked Questions about Cheap Winnipeg Apartments

What is the Cheapest Studio apartment in Winnipeg?

Currently the most affordable Cheap Studio Apartment in Winnipeg is at The Princeton listed at $759.

How much is rent for a Cheap One Bedroom Winnipeg Apartment?

The lowest price for a Cheap One Bedroom Winnipeg Apartment is $879 at The Princeton.

What is the lowest price for a Cheap Two Bedroom Winnipeg Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Winnipeg is starting from $1,099 at 641 Westminster Apartment.

What is the most affordable Winnipeg Three Bedroom Apartment?

The best deal on a cheap Winnipeg Three Bedroom Apartment rental is at Mandalay Village and starts from $1,477.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.