Apartments for Rent in Edmonton, AB under $700 – 14 Rentals available
$50 - $100
McLeod Realty & Management Ltd.Available Today! Last updated 13 Jun 2021
Renter's Guide to Edmonton, AB
Although not the most populous city in Alberta, Edmonton is the capital of the province. Originally a trading post for the Hudson’s Bay Company, modern Edmonton has retained its status as an economic, governmental, and cultural hub. Census data shows that the city has a population of 932,546 people and is the fifth largest municipality in Canada.
Located along the North Saskatchewan River, almost in the middle of the province, the weather in Edmonton is what you would expect from a humid continental climate. The winters here are among the coldest in Canada, reaching an average daily low of 13.28°F. Summer days aren’t as hot, with the average summer maximum temperature resting at a comfortable 73.6°F – perfect for shorts and t-shirts. All in all, summers are pretty mild here, but winters vary in length and severity. Luckily, even when it’s cold, it’s sunny. Edmontonians enjoy 2,299 hours of sunshine a year, making it one of Canada’s sunniest cities.
Cost of Living in Edmonton, AB
If you're moving to Edmonton, you'll be surprised to learn that the cost of living here is very decent. A monthly transit pass is just $94.25 and the average monthly bill for groceries and household items is a reasonable $237.60 per person. Unfortunately, like in many Canadian cities, phone and internet services are expensive. Each month expect to spend $90 and $75 on them, respectively.
As one of the fastest growing cities in Canada, there are a lot of young people moving here. As a result, local eateries are popping up to serve this market. If you go out for dinners and drinks with friends regularly, expect to spend about $250 per month. A basic lunch menu and drinks for two people will go for around $32, in a business district.
Of course, with all the eating out, you’ll want to stay fit. Gym memberships here can vary from $52 per month to $150 per month, depending on whether you’re taking classes or not.
As if the very reasonable cost of living wasn’t enough, they don’t even charge sales tax in Alberta!
Living in Edmonton, AB
Living in Edmonton has its pros and cons. Many people flock to the city to take advantage of the economic benefits of the low cost of living, low taxes, and high average incomes.
If you’re like most people and hate being stuck in traffic, then Edmonton is for you. According to TomTom’s GPS data, Edmonton has the privilege of being the least congested of the 6 largest cities in Canada. Because the city has invested heavily in their infrastructure in recent years, Edmontonians see less traffic than their fellow drivers in Ottawa, Montreal, Toronto, Calgary, and Vancouver.
Like many Canadian cities, Edmonton is diverse and welcoming of newcomers. According to census data, 37.1% of people identify as a visible minority, with the most popular ethnicities being South Asian, Chinese, Black, Filipino, and Arab. So no matter where you come from, you’ll feel welcomed here.
Things to Do in Edmonton, AB
Edmonton is a vibrant city with many things to do. If you’re looking to meet friends for brunch or a cup of coffee, 124 Street is dotted with art galleries, antique stores, coffee shops, and eateries. Old Strathcona & Whyte Avenue is a famous historic district full of trendy galleries, record stores, and restaurants.
Of course, no list of attractions and points of interest in Edmonton is complete without a visit to the 10th largest mall in the world, the West Edmonton Mall. Home to an indoor water park, amusement park, 800 stores, two hotels, and over 100 dining options, there are many fun things to do in this mall, with or without kids.
Although not as well-known as the coastal Canadian cities like Vancouver and Toronto, Edmonton also has a burgeoning food scene, and dining out is very popular among Edmontonians. If you’re not sure where to go, head to the 4th Street Promenade where there are always hip new restaurants and hangouts opening up.
Employment & Economy in Edmonton, AB
Due to its location, Edmonton is ideal for distribution and logistics businesses. The city is commonly referred to as the “Gateway to the North” and used as a hub and home base for oil and diamond extraction projects in northern Alberta and the Northwest Territories.
Like much of the province, the economy of Edmonton is dominated by oil and other resource extraction industries. Perhaps for this reason, the average family income in Edmonton is a very solid $101,470 CAD.
But anyone discussing the economy of Edmonton shouldn’t forget to mention investments in various other sectors. The city is the birthplace of many large Canadian companies like Shaw Communications, Booster Juice, Boston Pizza, The Brick, Earl’s, and Fountain Tire, among others. Edmonton is also a major financial centre with many big banks opening regional offices here.
Education in Edmonton, AB
Top universities in Edmonton include the University of Alberta, MacEwan University, and Athabasca University.
In terms of primary and secondary school education, Edmonton has 3 publicly funded school districts, covering everything from kindergarten to grade 12. There are also a number of private, religious, and charter schools operating in the city. Like in most Canadian cities, students are generally assigned to the public school in their catchment area.
According to the Fraser Institute, the top public school in Edmonton is Old Scona, whereas the top private school is Tempo School. Both of them score a perfect 10, but Old Scona is known for its 100% diploma completion rate. If you don’t live in their area, Archbishop MacDonald and Millwoods Christian are also great choices.
For families with younger children, top elementary schools in Edmonton include Mount Pleasant School, known for its Cogito program for high-achieving students, Windsor Park School, with high standards in literacy and mathematics, and Grandview Heights School, known for its alternative education program and use of technology in the classroom.
Tips for Renting in Edmonton, AB
The Residential Tenancies Act establishes renters’ rights in Edmonton and protects both renters and landlords. If you’re moving to Edmonton, make sure you understand both the landlords’ and the tenants’ rights and responsibilities, so that you won’t be surprised or taken advantage of.
The Act has rules that protect you from unreasonable evictions and ensure that you have enough time to relocate between the notice and your last day in the apartment.
If you have any questions or concerns, the Landlord and Tenant Advisory Board (LTAB) provides information to tenants and landlords in Edmonton.
Renting apartments in Edmonton, AB under $700
Searching for apartments for rent in Edmonton, AB under $700 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RENTCafé can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Edmonton, AB, where the average rent is $596 per month, there are 14 units available for less than $700. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $700” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Edmonton, AB. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Edmonton, AB going for $50 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.