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.
Area Guide
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 June 2026, the average apartment rent in Edmonton, AB is $1,135 for a studio, $1,349 for one bedroom, $1,628 for two bedrooms, and $1,877 for three bedrooms. Apartment rent in Edmonton has decreased by -0.6% in the past year.
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.
Short-Term vs. Long-Term Lease: Which Lease Length Fits You?
Flexibility or savings—your lease length shapes both. See how short- and long-term leases compare.
My Rent Is Increasing. Do I Move or Renew?
A rent hike doesn’t have to mean panic. Compare the real cost of moving vs. renewing.
Explore how walkable, bikeable, drivable, and transit-friendly Edmonton, AB is for everyday living.
Fairly Walkable
Walkability
Good Public Transit
Transit
Moderately Drivable
Drivability
Very Bikeable
Bikeability
St. Thomas Aquinas Catholic Elementary/Junior High School
Public
Grades PK-8
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Monsignor Fee Otterson Catholic Elementary/Junior High School
Public
Grades PK-8
Public
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Public
Grades PK-8
Edmonton Bible Heritage Christian School
Public
Grades K-8
Public
Grades PK-8
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Public
Grades K-12
Public
Grades 9-12
Mother Margaret Mary Catholic High School
Public
Grades 9-12
Public
Grades 6-12
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The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
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† 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.