Renting in Edmonton - A Guide for Tenants | Iconic YEG

Are you considering renting an apartment or home in Edmonton? Maybe your current lease is going to expire soon, and you've decided to start the search for a new place. Or perhaps you're relocating from another city and need help finding a rental property in the Edmonton area. 

No matter what your reason is, this guide will provide everything you need to know about renting a home or apartment in Edmonton! From understanding Alberta's Residential Tenancy law requirements, tips on how to find the right rental property that fits your needs, through some of the paperwork associated with signing up for tenancy ... This guide provides all the advice and information needed when starting a successful journey into renting an apartment or house in Edmonton.

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121 WEST

Looking for an Apartment For Rent in Edmonton's Brewery District? Find Your Next Home at 121 West Apartments.


Looking for an Apartment For Rent in with easy access to transit? Find Your Next Home at the East Junction.

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121 West in the Brewery District

Home is about more than the walls you live in. It is about the people & places that define your lifestyle. 121 West brings you that “one place” that encompasses all that you need within a short walking distance from your doorstep. Walk, Shop, Dine, Work – define what is important to you here in the Brewery District!

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With nearly a decade of experience working as a real estate agent in Edmonton, we have developed a streamlined system to help tenants find their perfect rental property. Whether you’re a first-time renter or an experienced tenant, finding the right rental property can be a challenge without the proper framework.

Below are the typical steps taken during the rental process. Following these steps with the support of the ICONIC team to ensure your rental process is smooth and stress-free.

Familiarize Yourself with Alberta's Residential Tenancy Law

Before renting a property in Edmonton, it is important to understand the requirements set out in Alberta's Residential Tenancy Act. This act outlines the rights and responsibilities of both landlords and tenants, the rules around rent increases, and other legal obligations that must be followed when renting a home or apartment. Taking the time to familiarize yourself with these laws will help ensure that you are entering into a fair and legally-binding agreement with your landlord. 

For More Information on your rights, click here

Determine Your Budget

The first step in finding an apartment or house to rent is determining how much you can afford to pay for rent each month. This number should include not only your monthly rent payment but also any additional costs such as utilities, parking fees, pet deposits, and more. Once you have determined your budget, you can start searching for rental properties within your price range. 

Research Potential Neighborhoods

When looking for a rental property, it is important to research potential neighborhoods to ensure that they are safe and have all of the amenities you need close by. Consider factors such as access to public transportation, nearby grocery stores, parks and recreation centers, schools, restaurants, shops, etc., as well as crime rates in the area before making a decision on where to look for rentals.

Make Use of ICONIC YEG

ICONIC YEG can be incredibly helpful when searching for an apartment or house in Edmonton because they have access to listings from multiple landlords at once which makes it easier to find what you're looking for quickly and efficiently without having to contact each landlord individually. Additionally, ICONIC YEG has expertise on their side which can help guide you through the process of finding a suitable place that meets all of your needs while staying within your budget constraints.  

Schedule Viewings

Once you've narrowed down your list of potential rentals based on research done online or through rental agencies it's time to schedule viewings so that you can get an up-close look at each property before making any decisions about signing a lease agreement . During viewings take note of things like condition of the building/apartment/house itself (e.g., any visible damage), safety features (e..g., fire extinguishers), appliances included (e..g., fridge/stove/washer/dryer), storage space available (e..g., closets/cabinets), etc., so that you can make sure everything is up-to-par before signing anything with the landlord .  

Negotiate Terms With Landlord

Once you've found an apartment or house that meets all your needs it's time to negotiate terms with the landlord . During this process discuss things like length of tenancy , payment schedules , security deposit amounts , pet policies , subletting policies , maintenance expectations , etc . Be sure to read over any documents provided by the landlord thoroughly before signing anything so that there aren't any surprises down the road!

Gather Necessary Documents & Sign Lease Agreement

Before officially signing a lease agreement make sure that you have all necessary documents ready such as proof of income , references from previous landlords , valid identification , etc . Once everything has been gathered sign the lease agreement ensuring both parties understand their rights and responsibilities under Alberta's Residential Tenancy Act .  

Pay Security Deposit & First Month's Rent

Once all paperwork has been completed it's time to pay both security deposit and first month's rent . Security deposits are typically refundable if no damage is done during tenancy while first month's rent must be paid upfront prior move-in date . Depending on situation landlord may require postdated cheques or automatic withdrawals from bank account so be sure discuss payment options beforehand!

Move In & Enjoy!

Now comes fun part - moving into new home ! Make sure do thorough inspection upon move-in noting any existing damage so there won't be any misunderstandings later down line regarding who responsible for repairs . After settling in enjoy new place knowing found perfect spot call home!

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Make your next Edmonton rental the best move possible. Whether you’re a tenant or landlord looking to lease real estate in Edmonton get the help of Real Estate professional.

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