Updated 2 Hours Ago
Location
501 Palisades Way, Sherwood Park, AB T8H 0H8, CAN
Contact
RE/MAX Rental Advisors
Nearby rentals
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Amenities for 501 Palisades Way
Apartment Amenities
| Carpet | Dark Color Kitchen Cabinetry |
| Laminate Counter Tops | Tile Flooring |
| Utilities Included | Walk-in Closet |
Appliances
| Black Appliances | Dishwasher |
| In-Unit Laundry | Stove |
Building
| Elevator | Gymnasium |
| Onsite Laundry | Social Room |
Grounds
| Assigned Parking | Garage Parking |
| Storage |
Services
| Storage Cage |
Neighborhood
| Public Transit | Shopping Nearby |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 501 Palisades Way
***Pets Not Allowed*** Spacious 2-bed, 2-bath, 4th-floor apartment is approx. 1126 sq ft and comes with an underground parking stall, a storage cage, an outdoor covered stall, and 2 balconies. This complex is ideally located in the newer community of Centennial Village. Major roads nearby are Sherwood Drive, Lakeland Drive, and Highway 16, with access to shopping, schools, and transportation. Unit Features: • Square Feet: Approx. 1126 • Bedrooms: 2 • Baths: 2 • Year Built: 2008 • Rent: $1,950.00 • Security Deposit: $1,950.00 • Lease Term: 1 yearPets Allowed: No Utilities Included: Heat & Water Interior Amenities: • Carpet & Tile Flooring • Black Appliances • Cherry-colored kitchen Cabinetry • Laminate Countertops • In-suite Laundry • 2 Large Balconies Facing Southwest • Bedroom Walk-in Closet • Large Bedrooms • Outdoor Covered Parking Stall • Underground Parking with Storage Cage • 4th Floor Garbage Chute Building Amenities: • Elevator • Gymnasium • Party Room • Visitor Parking • Low Rise Building***CREDIT MUST BE IN GOOD STANDING TO BE CONSIDERED FOR THIS PROPERTY***AVAILABLE: Immediately **Please Note: Additional Condominium Corporation Move-in/Move-out Fees May Apply. Showings can be booked 24/7 with our automated scheduling calendar. Please call (587) 813-0209 to book now This property is professionally managed by RE/MAX Rental AdvisorsIf you would like additional information, please CALL or TEXT our office at (780) 757-3700For more rental properties, please visit our website or copy the below link and paste it into a new tab [https www rentaladvisors ca ](https www rentaladvisors ca )
Address details
| Post code | T8H 0H8 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Sherwood Park
2-bedroom apartments at 501 Palisades Way cost about 6% less than the average rent price for 2-bedroom apartments in Sherwood Park.
Median rents as of Aug 15 2026.
Sherwood Park
| Month | Median Rent |
|---|---|
| August 2024 | $1,895 |
| September 2024 | $1,904 |
| October 2024 | $1,897 |
| November 2024 | $1,905 |
| December 2024 | $1,961 |
| January 2025 | $1,997 |
| February 2025 | $1,898 |
| March 2025 | $1,904 |
| April 2025 | $1,898 |
| May 2025 | $1,977 |
| June 2025 | $2,091 |
| July 2025 | $2,117 |
| August 2025 | $2,021 |
| September 2025 | $1,959 |
| October 2025 | $1,991 |
| November 2025 | $2,020 |
| December 2025 | $1,888 |
| January 2026 | $1,861 |
| February 2026 | $1,908 |
| March 2026 | $1,717 |
| April 2026 | $1,957 |
| May 2026 | $2,073 |
| June 2026 | $2,103 |
| July 2026 | $2,127 |
| August 2026 | $2,116 |
Affordability calculator
Can I afford to live at 501 Palisades Way?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$78,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $78,000 annually to afford this 2-bedrooms monthly rent price of $1,950.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 5 years ago | $1,650 | 2 bed | 2 bath | ||
| 10 years ago | $1,600 | 2 bed | 2 bath |
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Internet available near 501 Palisades Way
Neighborhood
Getting around Sherwood Park near 501 Palisades Way
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 501 Palisades Way, Sherwood Park
Groceries
4/10
At least one supermarket within a 30-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
3/10
At least one elementary school within a 30-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Nightlife
4/10
Some bars within walking distance
Explore the area around 501 Palisades Way
BulkBarn
5000 Emerald Dr
Save-on-Foods
4005 Clover Bar Rd
Real Canadian Superstore
410 Baseline Rd
Real Canadian Superstore Pharmacy
410 Baseline Rd
Walmart Supercentre
7000 Emerald Dr
Running Room
2000 Premier Way
Reitmans
5000 Emerald Drive
Mark's
5000 Emerald Dr
Penningtons
5000 Emerald Dr
The Shoe Company
5000 Emerald Dr
Jugo Juice
3850 Sherwood Dr
Tim Hortons
101 Palisades Way
Starbucks
300 Amberley Way
Second Cup
2000 Premier Way
Cheestix Cafe
501 Bethel Dr
Sumo Sumo Sushi Bar & Grill
220 Lakeland Dr
Average Joe's All-Star Bar
390 Baseline Rd
The Canadian Brewhouse
270 Baseline Rd
Boston Pizza
11 Broadway Blvd
Local Public Eatery
222 Baseline Rd
NCS Fluid Handling Systems
280 Portage Close
Healthworks Nutrition Centre
2693 Broadmoor Blvd
Xtremeline Supplements
2833 Broadmoor Blvd
Confetti Sweets Inc
41 Broadway Blvd
Hey Cupcake Bakery Inc
270 Baseline Rd
Garden
Centennial Park
Cimmaron Park
Clover Lake Greenbelt
Playground
Jugo Juice
3850 Sherwood Dr
Oodle Noodle
3890 Sherwood Dr
Bleu Flames
3880 Sherwood Dr
Tim Hortons
101 Palisades Way
Nitza's Pizza Ltd
300 Amberley Way
Sherwood Dr & Palisades Av
BETHEL - Emerald Hills
Sherwood Dr & Palisades Av
BETHEL - Emerald Hills, BETHEL - Millennium Place
Lakeland Dr & Sherwood Dr
BETHEL - Summerwood
Sherwood Dr & Abbey Rd
BETHEL - Emerald Hills
Lakeland Dr & Axbridge Gate
BETHEL - Summerwood, BETHEL - Millennium Place
Clareview Station
Capital Line, Capital Line
Belvedere Station
Capital Line
Belvedere Station
Capital Line
Other units at this address
501 Palisades Way, Sherwood Park, AB T8H 0H8, CAN
501 Palisades Way Sherwood Park, AB
Occupied
Unit 407
2 Beds
2 Baths
$1,600
In-Unit Laundry • Air Conditioning • Dishwasher • Balcony • Carpet • Walk-In Closets
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