5+ Days Ago
Highlights
Pet Friendly
Location
4744 54 St, Red Deer, AB T4N 2G3, CAN|Downtown Red Deer
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Property Overview
Waskasoo Terrace Apartments earns a strong Zumper rating of 8.8/10, with standout scores for price, amenities, and location, plus a solid trustworthiness rating. It also ranks in the top percentile for value for money and value per square foot, and is noted for work-from-home convenience thanks to included utilities and high-speed internet.
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
Less expensive- More space
- Pet friendly
Great for
Work-from-home
Floor plans
| 1 Bedroom | 1 bed | 1 bath | 610 sqft | $1,145 /mo | 1 unit available | ||
| 2 Bedrooms | 2 bed | 1 bath | 700 sqft | $1,229 /mo | 1 unit available |
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Amenities for Waskasoo Terrace Apartments
Apartment Amenities
| 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 |
| Onsite Laundry |
Grounds
| Assigned Parking |
Neighborhood
| Convenience Store | Public Library |
| 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
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 | 1995 |
|---|---|
| Lease terms | 12 months |
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About Waskasoo Terrace Apartments
Managed by Mainstreet Equity Corp.
Property Description Affordable Apartments for Rent in Red Deer’s Waskasoo Neighborhood Looking for apartments for rent in Red Deer that perfectly balance a quiet residential feel with urban convenience? Waskasoo Terrace Apartments offers a boutique living experience in one of the city’s most desirable, mature neighborhoods. Featuring renovated 1 and 2-bedroom suites, our property provides high-quality, budget-friendly living for students, professionals, and small families. The Perfect Blend of Nature and Convenience Located in the scenic Waskasoo area, these Red Deer rentals put you at the doorstep of the city’s best outdoor spaces. Enjoy living just minutes away from the Waskasoo Creek trail system, Gaetz Lakes Sanctuary, and Coronation Park. Despite the peaceful setting, you are still centrally located with quick access to downtown Red Deer, shopping centers, and major transit routes. While many renters search for houses for rent in Red Deer, Waskasoo Terrace Apartments offers superior value. Avoid the high costs of a house with our inclusive amenities, heat and water covered in your rent, and the peace of mind that comes with 24/7 professional management. Why Choose Waskasoo Terrace Apartments? - Renovated Interiors: Bright, modern suites with luxury vinyl plank flooring and updated appliances. - Pet-Friendly Living: We welcome your furry family members to our community! - Security & Comfort: Enjoy peace of mind with secured entry, video surveillance, and on-site laundry. - Prime Location: Steps away from beautiful parklands and bike trails, yet close to downtown amenities. - Professional Management: Dedicated maintenance and management team to ensure your home is always at its best. Move into Your New Red Deer Rental Today! Experience why Waskasoo Terrace Apartments is a top choice for those seeking quality, affordability, and a great location. Our suites fill up fast—don’t miss out on your chance to live in the heart of Waskasoo. Contact us today to book a viewing and discover your next home in Red Deer! 1 Bedroom 2 Bedrooms Amenities - Laundry facilities - Convenience store - Fridge - Stove - Carpeted floors - Individual thermostats - Cable ready - Public transit - Shopping nearby - Schools nearby - Internet ready - No Smoking allowed - On Site Laundry - Secure Entry - Stove - Surface Parking - Secure entry - Secure entry - Vinyl Plank Floors - Public Library Utilities Heat, Water Community Welcome to Waskasoo Terrace Apartments, where modern city living meets neighborhood charm. Nestled in Downtown Red Deer, these units are designed for those who want to be in the center of it all. Each apartment features a private balcony, offering a peaceful retreat in a vibrant residential area. Location is everything, and Waskasoo Terrace delivers. You are steps away from the best of Red Deer, including Galbraith Park for outdoor enthusiasts and a variety of local dining options like Pho Thuy Duong. For students and faculty, the proximity to Red Deer Polytechnic and local high schools makes for an effortless commute. Whether you’re shopping at the nearby Co-op or exploring the Kerry Wood Nature Centre, these apartments provide the ultimate Red Deer experience. Highlights: - Prime Location: Steps from downtown shopping, dining, and transit. - Convenience: Easy access to grocery stores like FreshCo and Unimarket. - Active Living: Short walk to Coronation Park and the ..
Year Built: 1995
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, Waskasoo Terrace Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Waskasoo Terrace 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.
Waskasoo Terrace 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.
Waskasoo Terrace 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.
Waskasoo Terrace 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 Waskasoo Terrace 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.
Waskasoo Terrace 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.
Waskasoo Terrace 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 Waskasoo Terrace Apartments compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- More space
- The 1-bedroom is 305 sqft larger than other listings nearby
- Pet friendly
- This property allows pets
Considerations
- Fewer storage options
- Limited cabinet or closet space
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Downtown Red Deer
1-bedroom apartments here are priced 12% lower than 1-bedrooms in Downtown Red Deer.
If you decide to upgrade your space, you can expect 2-bedrooms at Waskasoo Terrace Apartments to be 11% less than the average for similarly sized apartments in Downtown Red Deer.
Median rents as of Jun 20 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 | $1,228 |
| 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 | $1,261 |
Affordability calculator
Can I afford to live at 4744 54 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
$45,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $45,800 annually to afford this 1-bedroom monthly rent price of $1,145.
For more information on rent affordability, visit our rent calculator.
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Internet available near Waskasoo Terrace Apartments
Neighborhood
Downtown Red Deer | Red Deer, AB
Getting around Red Deer near 4744 54 St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
6/10
Frequent public transit options are within walking distance.
Points of interest for 4744 54 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
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Nightlife
4/10
Some bars within walking distance
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