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Updated 3 Days Ago

Highlights

  • Rent Special
  • Pet Friendly

Location

4721 55 St, Red Deer, AB T4N 2H9, CAN|Downtown Red Deer
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Contact

pmc-logo

Management

Mainstreet Equity Corp.

Leasing office

(587) 507-8552

Property Overview

Mainstreet Waskasoo Apartments offers strong overall value, combining a high expert rating with excellent scores for price, amenities, and location. It stands out for pet-friendly outdoor spaces, high-speed internet, quiet surroundings, included utilities, nearby public transit, thermostats, and walkable access.

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.

Zumper Expert Rating

8.8
Very Good
With 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.

Things you’ll love

  • Central heat
  • Pet friendly

Great for

  • Pet owners
  • Work-from-home
  • Eco living

Floor plans

1 Bedroom1 bed1 bath600 sqft$1,025 /mo1 unit available
2 Bedrooms2 bed1 bath825 sqft$1,290 /mo1 unit available

Let's explore this property.

Amenities for Mainstreet Waskasoo Apartments

Apartment Amenities

BalconyCarpet
Central HeatHeat
Hot WaterUtilities Included
Vinyl Plank Floors

Appliances

FridgeIndividual Thermostats
Stove

Tech

Internet Ready

Building

Cats OKControlled Entry
Dogs OKNo Smoking Allowed

Grounds

Assigned ParkingEnergized Parking

Neighborhood

Convenience StorePublic Library
Public TransitShopping 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 built1998
Lease terms12 months

About Mainstreet Waskasoo Apartments

Managed by Mainstreet Equity Corp.
HomeApartments in Red DeerDowntown Red Deer Mainstreet Waskasoo Apartments

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. Frequently Asked Questions - Q: What utilities are included in the rent? A: Monthly rent includes heat, water, sewage, and garbage collection. Residents are responsible for setting up electricity as well as optional internet and cable services. - Q: Is this property pet-friendly? A: Yes, Mainstreet Waskasoo Apartments is pet-friendly and welcomes cats and small dogs for an additional $25 per month per pet. - Q: What parking options are available? A: One surface parking spot is included in the monthly rent for residents. - Q: What amenities does the building offer? A: Building and suite amenities include private balconies, carpeted flooring, and dedicated in-suite storage space. - Q: What is nearby for transit and shopping? A: Located in the Waskasoo neighborhood near 47th Avenue, the property offers easy access to local bus stops, downtown shopping centers, and nearby walking trails within the Waskasoo Park System. - Q: What are the lease terms and security deposit requirements? A: The security deposit for this property is $499. 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..


Year Built: 1998

Go to property website

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 Good
With 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.
How we rated Mainstreet Waskasoo Apartments
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·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Mainstreet Waskasoo Apartments is great for:

Pet owners

  • Outdoor spaces are available at this property

Work-from-home

  • High speed internet is an amenity
  • Utilities included in the rent
  • Quiet environment with little noise pollution

Eco living

  • You can get around by foot in this area
  • Public transit available nearby
  • Thermostats

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

Central heat
Climate controlled environment
Pet friendly
This property allows pets

Considerations

Fewer storage options
Limited cabinet or closet space

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Managed by Mainstreet Equity Corp.

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 10% 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 6% less than the average for similarly sized apartments in Downtown Red Deer.

Median rents as of Oct 10 2026.
Downtown Red Deer
Red Deer
A table of studio rental data trends in Red Deer
MonthMedian 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
September 2026$1,144
October 2026$1,174
A table of studio rental data trends in Downtown Red Deer
MonthMedian 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
September 2026$1,146
October 2026$1,195

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

$41,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this 1-bedroom monthly rent price of $1,025.
For more information on rent affordability, visit our rent calculator.

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
Unimarket Red Deer Inc
5317 50 Ave
Real Canadian Superstore
A-5016 51 Ave
FreshCo
4408 50 Ave
Walmart Supercentre
6375 50 Ave

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