Five Most Affordable Neighborhoods in Edmonton, AB
Discover the five most affordable neighborhoods in Edmonton, AB. Compare rent prices to find your perfect budget-friendly place to live.
Edmonton is known for being a vibrant urban city in the center of the wilderness. Residents experience up to 18 hours of daylight in the summer and how the first snowfall of the winter transforms the river valley into a winter wonderland. In Downtown, you’ll find skyscrapers, plenty of shops, and plenty of diversity and culture. As Alberta’s capital, there are loads of things to do in the city, from skiing and biking to visiting farmers’ markets and art galleries.
Since nature is so close to Edmonton, you'll find plenty of recreational activities. Elk Island National Park is just a 30-minute drive away and the North Saskatchewan River Valley offering a natural escape within city limits. The Muttart Conservatory, designed by architect Peter Hemingway, features four glass pyramids housing tropical, temperate, and arid biomes. Shoppers flock to West Edmonton Mall, home to more than 800 stores and Galaxyland amusement park.
Edmonton's extensive public transit system makes it easy to get around, and dining options across the city cover every taste and budget.
The views from the Wolf Willow Stairs are well worth climbing the steep, 200-step staircase.
The Walterdale Bridge is a bicycle and pedestrian-friendly bridge across the North Saskatchewan River.
The glass pyramids at Muttart Conservatory contain more than 700 species of plants.
As of March 2026, the average apartment rent in Edmonton, AB is $1,137 for a studio, $1,343 for one bedroom, $1,623 for two bedrooms, and $1,872 for three bedrooms. Apartment rent in Edmonton has decreased by -0.8% in the past year.
Discover the five most affordable neighborhoods in Edmonton, AB. Compare rent prices to find your perfect budget-friendly place to live.
Explore how walkable, bikeable, drivable, and transit-friendly Edmonton, AB is for everyday living.
Car-Dependent
This area is considered a car-dependent area and most errands will require a car.
Good Transit
The area around this property has good transit with many nearby transportation options.
Bikeable
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.