Top 5 Cheapest Places to Live in Red Deer


Looking for a steal in Red Deer without breaking the bank? We get it. Sky-high prices, the quest for that perfect spot, and the endless what-ifs make house hunting feel like a wild goose chase.

But what if we told you there are places where your dollar stretches further, and you don’t have to compromise on quality of life? Intrigued?

The top 5 cheapest places to live in Red Deer are:

  • Highland Green
  • Riverside Meadows
  • Normandeau
  • Glendale
  • South Hill

Stick around as we count down the top 5 cheapest places to live in Red Deer, starting from number 5 to our top pick. Let’s find that dream spot together, shall we?

5. Highland Green

Nestled on the east side of Red Deer, Highland Green emerges as a gem for savvy house hunters like you. This neighbourhood, home to 1,843 people, stands out for its affordability.

With a median home value of $210,174, it’s 30% cheaper than the average in Canadian cities, making it a budget-friendly option in an expensive city.

Imagine waking up in a community where the median cost of living doesn’t leave your wallet feeling light. Highland Green is about offering you a lifestyle that balances cost and comfort.

Here, you’ll find various housing options that stretch beyond the typical. Highland Green offers a variety of homes, from charming bungalows to modern single-family homes.

Highland Green positions you perfectly with easy access to major roads like Gaetz Avenue and 67th Street.  This means less time on the road and more time enjoying life.

Plus, with shopping centers like Bower Place and Red Deer Crossing nearby, your errands can be more of a breeze than a chore.  And when it’s time to relax, you have plenty of parks and green spaces!

This is perfect for those weekend picnics or a spontaneous hiking trail adventure. Highland Green checks that box if you’re looking for a neighbourhood that understands family needs.

4. Riverside Meadows

In Riverside Meadows, you’ll find a place where your dreams of spacious living and natural beauty align with affordability.

With a population of 3,928 and a median home value of $207,064, this area is 31% less expensive than the rest of Red Deer. But what makes Riverside Meadows a catch? Let’s unpack that.

Picture this: a home with enough room for everyone and everything. Larger homes and lots are the norm here, making it a haven for families or anyone craving space.

Living near the Red Deer River is a lifestyle. The river’s proximity offers more than just picturesque views; it’s your gateway to a world of outdoor activities.

Riverside Meadows brings you the best of both worlds. While the neighbourhood is a quiet retreat, you’re never too far from the hustle and bustle.

Shopping centers, grocery stores, and excellent schools are a short drive away. This ensures that you don’t compromise on convenience for affordability.

There’s something special about an established neighbourhood. Riverside Meadows isn’t just a collection of homes; it’s a community. Here, neighbours become friends. It’s a place where you can feel a sense of belonging from moving in.

With all these perks, you might wonder how Riverside Meadows remains one of the most affordable cities. It’s a testament to Red Deer’s unique housing market.

Here, you can enjoy the benefits of living in a family-friendly, scenic neighbourhood without the steep price tag. It’s about smart living – where housing, monthly utility, and grocery prices are balanced with quality of life.

3. Normandeau

Diving into Normandeau, you’re discovering one of Red Deer’s best-kept secrets for affordable living. Imagine living in a place where the average housing cost doesn’t cost you an arm and a leg, with median home values at $178,341.

That’s 41% cheaper than most places in major cities. Sounds like a dream, doesn’t it? Now, think about the variety of homes here. Whether you’re eyeing your first apartment or need a bigger backyard for the kids, Normandeau’s got you covered.

It’s all about hitting that sweet spot between what you need and can afford. But here’s the kicker: everything you need is near you.

Need to zip into the city center or hit the highway? Gaetz Avenue and 50th Street are your gateways. And when it’s time to stock up or treat yourself, you’ve got shopping centers right around the corner.

For the family, Normandeau is a playground, and a classroom rolled into one. Beautiful parks for games, playgrounds for those after-school energy bursts, and schools that make the grade – it’s all here.

And let’s not forget the community vibe. Normandeau is where neighbours become friends, and community events feel like big family reunions. It’s an established neighbourhood that welcomes everyone with open arms.

2. Glendale

With a population of 1,668 and median home values at $152,939, Glendale offers an inviting blend of affordability and community. It is 50% less expensive than the average in Red Deer!

Glendale might remind you of South Hill, especially with its older homes that add character and value to every corner. While you might find fewer parks here, the charm of this neighbourhood isn’t just in wide-open green spaces. 

Love to eat out or indulge in a bit of retail therapy? Glendale has you covered with plenty of restaurants and additional shops that cater to every taste.

Market Square is just a hop away, offering various dining and shopping options that make weekends exciting. Glendale might be your spot if you’re looking for a place with a strong job market.

The neighbourhood’s location makes it ideal for tapping into an excellent job market. The real estate market also shows promising signs for buyers and investors!

Glendale’s picture of community is one of its strongest selling points. Here, friendly people make the neighbourhood more than just a place to live; they make it a home.

For those who love to explore, Glendale offers numerous trails and endless activities that keep the adventurer in you alive. Whether it’s a leisurely walk, a morning jog, or a weekend cycling session, you’ll find ways to stay active and connected with nature.

With a master-planned community feel, it’s a place that provides a serene backdrop to a bustling life. 

1. South Hill

Meet South Hill, the crown jewel for budget-conscious homebuyers in Red Deer. With a cozy population of 2,903 and homes at a median value of just $147,585, living here is about smart choices.

That’s right, homes in South Hill are 51% less expensive than the city average, making it your top pick for value. South Hill’s older homes are brimming with character.

Yes, they might be a bit dated, but think of the potential! You get the chance to make your mark, turning an older house into your dream home. It’s all about seeing beyond the present and imagining the possibilities.

What South Hill lacks in modern amenities, it more than makes up for in community spirit. It’s a place where neighbours become friends, and community events fill your social calendar.

While you might need to hop in your car for shopping or a coffee shop run, South Hill’s strategic location means you’re never far from what you need. Being close to major roads makes getting around Red Deer a breeze.

Older homes mean endless opportunities for personalization. Imagine renovating a space to fit your style perfectly. It’s not just a home but a project reflecting who you are.

It’s perfect for first-time buyers, families looking for a friendly area, or anyone who loves the idea of adding a personal touch to their home.

South Hill is an attractive option with its reasonable house prices, quiet community vibe, and wide range of options.

Ready to Explore What Could Be Your Next Home Sweet Home?

And there you have it – a little insider scoop on Red Deer’s most wallet-friendly neighbourhoods. Now, we know diving into the real estate world feels a tad overwhelming. That’s where we come in.

Andrew Russell & Associates isn’t just Red Deer’s #1 Real Estate Team by chance. We’re a group of folks passionate about turning your housing dreams into reality.

We’re here to guide you as we navigate this exciting journey together. So, if you’re ready to explore these hidden gems or any other nook of Red Deer, give us a shout!

Let’s make your dream home a reality with a little help from your friends at Andrew Russell & Associates.

Picture of Andrew Russell

Andrew Russell


Andrew Russell, born and bred in Red Deer, stands as a leading authority in Central Alberta real estate, backed by 16 years of expertise. Licensed at 19 and mentored by his father, a 27-year industry veteran, Andrew has been the top residential RE/MAX Realtor in the region since 2014. His dedication to relationship-building and unparalleled service has garnered a referral-driven client list, numerous RE/MAX accolades, and national recognition. Outside of real estate, Andrew is a family man, avid hockey coach, and golfer.


Popular Articles

April 2024 Market Stats

The Central Alberta real estate market is setting a pace rarely seen in the past 40 years, and detached and

Recent article from our blog