Five Most Affordable Neighborhoods in Edmonton, AB

As the second-largest city in Alberta, Edmonton has become quite a hotspot for local renters. Home to over 600,000 residents, this Canadian gem boasts a fruitful rental market, particularly for the more budget-conscious.

Despite its sought-after offerings, ranging from outdoor escapes to energetic city centers, Edmonton has several affordable housing options. In fact, the city’s overall average rent of $1,366/month is 23% lower than Canada’s national average. This makes it a great place for renters seeking affordability without sacrificing on fun, convenience, and overall quality of life.

For renters looking for a great place to live with affordable rents, the top neighborhoods in Edmonton include:

• West Edmonton
• North Edmonton
• South Edmonton
• Central Edmonton
• Downtown Edmonton

West Edmonton: Where Adventure Meets Affordability

• Average rent for an apartment in West Edmonton: $1,318/month
• Average square feet for an apartment in West Edmonton: 647 Sq Ft

First on our list of the cheapest areas to live in Edmonton is the West Side. This region, of course, stretches broadly across the city’s western sector and includes several affordable communities like Callingwood North and Lymburn. Throughout these neighborhoods, you’ll find a diverse range of housing types, ranging from low-maintenance townhomes to low-rise apartments and condos.

Things to do in West Edmonton

West Edmonton never falls short on things to do. You could spend an entire day at the West Edmonton Mall, home to over 800 stores, an indoor amusement park, a mini-golf course, and more. Or take the day to stroll through the North Saskatchewan River Valley, which offers expansive trail systems and parks just waiting to be explored.

North Edmonton: A Home With Historic Roots

• Average rent for an apartment in North Edmonton: $1,331/month
• Average square feet for an apartment in North Edmonton: 613 Sq Ft

Next up is North Edmonton, a sprawling hub encompassing the city’s northern region. Development accelerated in this Alberta region following the introduction of the Canadian Northern Railway in 1905. In its early days, the area was known as Packingtown because of its influx of meatpacking plants. But today, North Edmonton is most recognized for its even balance of affordability and modern living.

Things to do in North Edmonton

Though North Edmonton’s communities are cost-effective, they don’t lack abundance and excitement. For example, Schonsee is a popular northern neighborhood full of expansive green spaces, a large stormwater lake, and retail centers like Manning Town Centre and Clareview. You’ll enjoy these amenities in other affordable areas like McConachie, which offers a variety of fun activities to keep you entertained.

South Edmonton: Where You Can Shop Till You Drop

• Average rent for an apartment in South Edmonton: $1,401/month
• Average square feet for an apartment in South Edmonton: 673 Sq Ft

We can’t discuss affordable neighborhoods in Edmonton without mentioning South Edmonton. This region is home to some of the city’s most upscale yet cost-effective neighborhoods, providing renters with an appealing mix of affordability and luxury. For example, Laurel, a popular community in southeast Edmonton, boasts several new-build properties at conservative prices. Meanwhile, Ritchie, one of Edmonton’s trendiest communities, offers affordable rates without falling short on charm or excitement.

Things to do in South Edmonton

South Edmonton is a haven for Alberta’s shopaholics. Home to the famous South Edmonton Common, a 320-acre open-air retail development with over 150 premium retailers and restaurants, it’s the perfect destination for some retail therapy. For outdoor lovers, South Edmonton boasts several green spaces and parks, including Henderson Park, Mill Creek Ravine Park, and more.

Central Edmonton: Affordable Living on the City’s Edge

• Average rent for an apartment in Central Edmonton: $1,423/month
• Average square feet for an apartment in Central Edmonton: 618 Sq Ft

Just outside the downtown core lies Central Edmonton, an area known for its comfort, community, and convenience. Here, you’ll find several affordable, tight-knit neighborhoods like Crestwood or Glenora, each boasting tree-lined streets, conservative prices, and easy access to the North Saskatchewan River Valley.

Things to do in Central Edmonton

Central Edmonton is a hub for all things dining, shopping, and recreation. Throughout the area, you’ll find expansive parks and green spaces like the nearby Edmonton Valley Zoo and Buena Vista Park. Then, when you’re ready for a bite to eat or some retail therapy, you can venture to the Crestwood Shopping Centre or Glenora’s local shops.

Downtown Edmonton: Alberta’s Concrete Jungle

• Average rent for an apartment in Downtown Edmonton: $1,509/month
• Average square feet for an apartment in Downtown Edmonton: 638 Sq Ft

As the city’s urban core, you’d think that Downtown Edmonton would be a pricey area. However, it’s actually quite affordable compared to other major metros across Canada. For example, the average rent for an apartment in Toronto is about $2,017/month, while Vancouver averages at $2,304/month. This makes Downtown Edmonton a great place to live for those who want to experience city life without straining their finances.

Things to do in Downtown Edmonton

Living downtown means being steps away from arts and culture venues, restaurants, nightlife, riverside trails, and major employment hubs. A key landmark is the ICE District, which features the area’s hottest dining and retail, plus Rogers Place, the official arena for the NHL's Edmonton Oilers. Then there's Churchill Square, home to some of Edmonton's biggest festivals, events, and markets. With adventure around every corner, Downtown Edmonton offers something for everyone.

Explore Apartments for Rent in Edmonton with Apartments.com

Searching for affordable apartments in Edmonton? Apartments.com is here to help! When you browse listings with our customized search engine, you can filter by price range to ensure all the apartments for rent in Edmonton fit into your budget. You can also filter by amenities, including pet-friendly apartments, on-site laundry and more, to find the perfect apartment that meets all of your needs.

No matter the budget, affordable rental options in Alberta are endless with Apartments.com. Ready to get started? Pay less, live more, and rent on in the beloved city of Edmonton.

Disclaimer: Rent prices listed are in Canadian Dollars (C$) and are based on Apartments.com's average market rents.