Updated 1 Day Ago
Highlights
Pet Friendly
Location
4721 55 St, Red Deer, AB T4N 2H9, CAN|Downtown Red Deer
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Property Overview
Mainstreet Waskasoo Apartments earns a strong overall rating, with standout marks for price, amenities, and location, suggesting solid value and everyday convenience. It is noted for nearby public transit, walkability, high-speed internet, included utilities, outdoor spaces, and a quieter setting, which also supports sustainability, pet friendliness, and work-from-home needs.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Outdoor space
Great for
Pet owners
Eco living
Work-from-home
Floor plans
| 1 Bedroom | 1 bed | 1 bath | 600 sqft | $1,049 /mo | 1 unit available | ||
| 2 Bedrooms | 2 bed | 1 bath | 825 sqft | $1,249 /mo | 1 unit available |
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Amenities for Mainstreet Waskasoo Apartments
Apartment Amenities
| Balcony | Carpet |
| Central Heat | Heat |
| Hot Water | Vinyl Plank Floors |
Appliances
| Fridge | Individual Thermostats |
| Stove |
Tech
| Internet Ready |
Building
| Cats OK | Controlled Entry |
| Dogs OK | No Smoking Allowed |
Grounds
| Assigned Parking | Energized Parking |
Neighborhood
| Convenience Store | Public Library |
| Public Transit | Shopping Center |
| 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
Deposit
One-time.
$499
OPTIONAL FEES
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Parking Policy
Surface Lot
Surface Lot
Parking Fee
Monthly. 2 surface lots max. 1 total spaces.
Contact Property
Questions about this property’s policies and fees?
Building details
Property details
| Year built | 1998 |
|---|---|
| Lease terms | 12 months |
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About Mainstreet Waskasoo Apartments
Managed by Mainstreet Equity Corp.
Property Description Mainstreet Waskasoo Apartments: Affordable Apartments for Rent in Waskasoo, Red Deer Looking for apartments for rent in Waskasoo, Red Deer that offer the perfect blend of quiet residential living and urban convenience? Mainstreet Waskasoo Apartments provides high-quality, affordable 0,1, 2, and 3-bedroom suites designed to fit your lifestyle and your budget. Whether you are a nature lover, a young professional, or a small family, our Waskasoo rentals offer the best value in Red Deer. Why Live at Mainstreet Waskasoo Apartments? Located in one of Red Deer’s most desirable mature neighborhoods, our property places you at the doorstep of the city’s best outdoor spaces. Mainstreet Waskasoo Apartments is just minutes away from the Waskasoo Park System, offering endless walking trails, bike paths, and scenic views of the Red Deer River. While many search for houses for rent in Red Deer, our apartments provide a more cost-effective and stress-free alternative. Enjoy the perks of professional management, 24/7 emergency maintenance, and inclusive amenities without the high costs of a single-family home. Property Features & Highlights: - Renovated Suites: Spacious 1, 2, and 3-bedroom floorplans with modern finishes. - Pet-Friendly: We welcome your furry companions! - Incentives: Heat and water are included in the rent to help you save on monthly utilities. - Security & Convenience: Secured entry, on-site laundry facilities, and energized parking stalls. - Unbeatable Location: Walking distance to downtown Red Deer, Gaetz Lakes Sanctuary, and the Golden Circle Senior Resource Centre. Experience the Best of Waskasoo, Red Deer Mainstreet Waskasoo Apartments is ideally situated for those who want a peaceful home base with easy access to transit and major roadways. With the Red Deer River trails nearby and the amenities of downtown just a short stroll away, you truly get the best of both worlds. Don’t miss out on your new home! Contact us today to schedule a viewing and see why Mainstreet Waskasoo Apartments is the top choice for Red Deer rentals. 1 Bedroom 2 Bedrooms Amenities - Convenience store - Fridge - Stove - Balconies - Carpeted floors - Individual thermostats - Public transit - Shopping nearby - Parks nearby - Internet ready - No Smoking allowed - Energized Parking - Secure entry - Vinyl Plank Floors - Public Library - Shopping Center - Shopping Nearby Utilities Heat, Water Community Discover the perfect blend of urban convenience and park-side living at Mainstreet Waskasoo Apartments. Located in the heart of Downtown Red Deer, these apartments offer a lifestyle of ease and accessibility. Enjoy your morning coffee on your private balcony before heading out, you’re just a 3-minute walk from the lush greenery of Galbraith Park and a short stroll to Coronation Park. Perfect for families and professionals alike, this location is a commuter's dream with public transit nearby and top-tier schools like Central Middle School and Ecole Lindsay Thurber within walking distance. Foodies will love being minutes away from local favorites like Pupuseria Cristy and Momo Sushi. With major shopping at Real Canadian Superstore and FreshCo. just minutes away, everything you need is right at your doorstep. Highlights: - Nature at Your Door: Minutes from Galbraith Park and Gaetz Lake Sanctuary. - Education Excellence: Close to Central Middle School and Red Deer Polytechnic. - ..
Year Built: 1998
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, Mainstreet Waskasoo Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Mainstreet Waskasoo Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Mainstreet Waskasoo Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Mainstreet Waskasoo Apartments stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Mainstreet Waskasoo Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Mainstreet Waskasoo Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Mainstreet Waskasoo Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Mainstreet Waskasoo Apartments is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Mainstreet Waskasoo Apartments compares to other nearby properties.
Positives
- Outdoor space
- Easy access to the outdoors
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Managed by Mainstreet Equity Corp.
At Mainstreet, we create vibrant, welcoming communities where people feel at home, connected, and able to thrive.
Rent trends in Downtown Red Deer
1-bedroom apartments here are priced 22% lower than 1-bedrooms in Downtown Red Deer.
If you decide to upgrade your space, you can expect 2-bedrooms at Mainstreet Waskasoo Apartments to be 13% less than the average for similarly sized apartments in Downtown Red Deer.
Median rents as of Aug 29 2026.
Downtown Red Deer
Red Deer
| Month | Median Rent |
|---|---|
| November 2024 | $1,345 |
| December 2024 | $1,395 |
| January 2025 | $1,299 |
| February 2025 | $1,317 |
| March 2025 | $1,335 |
| April 2025 | $1,215 |
| May 2025 | $1,135 |
| June 2025 | $1,125 |
| July 2025 | $1,125 |
| August 2025 | $1,195 |
| September 2025 | $1,211 |
| October 2025 | $1,266 |
| November 2025 | $1,195 |
| December 2025 | $1,206 |
| January 2026 | $1,186 |
| February 2026 | $1,119 |
| March 2026 | $1,051 |
| April 2026 | $1,257 |
| May 2026 | $1,295 |
| June 2026 | $1,220 |
| July 2026 | $1,249 |
| August 2026 | $1,272 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,395 |
| December 2024 | $1,395 |
| September 2025 | $1,295 |
| October 2025 | $1,266 |
| November 2025 | $1,195 |
| December 2025 | $1,195 |
| January 2026 | $1,195 |
| March 2026 | $1,095 |
| April 2026 | $1,270 |
| May 2026 | $1,296 |
| June 2026 | $1,257 |
| July 2026 | $1,246 |
| August 2026 | $1,279 |
Affordability calculator
Can I afford to live at 4721 55 St?
Bedrooms
Rent-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
$41,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $41,960 annually to afford this 1-bedroom monthly rent price of $1,049.
For more information on rent affordability, visit our rent calculator.
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Internet available near Mainstreet Waskasoo Apartments
Getting around Red Deer near 4721 55 St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 4721 55 St, Red Deer
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Nightlife
3/10
Some bars within walking distance
Explore the area around 4721 55 St
Central Alberta Co-op
4707 50 St
Real Canadian Superstore
A-5016 51 Ave
FreshCo
4408 50 Ave
Walmart Supercentre
6375 50 Ave
Sobeys
6380 50 Ave
Wei's Western Wear
5115 50 Ave
Glamour Puss Trends
5007 50 Ave
Novia Mia Bridal
5116 52 St
Sisson Furs
5013 Ross St
Rob-Rae Clothiers
4807 50 Ave
Coffee Noir
4818 49 St
Country Cupboard
5022 50 Ave
Tim Hortons
1 Junction Dr
Starbucks
4408 50 Ave
Tim Hortons
4217 50 Ave
Murphs Bar & Grill
5020 47 Ave
Lucky's Lounge Ltd
4950 47 Ave
Cheers
6017 54 Ave
The Keg Steakhouse + Bar
6365 50 Ave
The Vat
5301 43 St
Red Deer Halal Meats & Asian Foods
5022 47 Ave
Golden Sun Health Foods Ltd
5016 47 Ave
Joy in Health & Nutrition
5511 50 Ave
European Sausage & Deli
5108 52 St
Cafe Millennium Inc
4909 49 St
Playground
Park
Forest
Park
Park
Murphs Bar & Grill
5020 47 Ave
KFC
4834 53 St
Family Pizza
4702 50 St
Pegasus Pizza
4914 52 St
51st Street Cafe
4911 51 St
SB 47 AV @ 55 ST
ROSEDALE
NB 47 AV@ 53 ST
ROSEDALE, Highland Green & Riverside Meado, Oriole Park to LTCHS, JOHNSTONE CROSSING & JOHNSTONE P
WB 54 ST @ 48 AV
Pines Alt School, Riverside Industrial
NB 48 AV @ 53 ST
Timberstone Evergreen & Clearvi, Pines Normandeau Riverside Mea, Oriole Park & Fairview to Centra, Oriole Park to LTCHS, Pines Alt School, Riverside Industrial
NB 47 AV @ 51 ST
ROSEDALE, Highland Green & Riverside Meado, Oriole Park to LTCHS, JOHNSTONE CROSSING & JOHNSTONE P
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