2 Days Ago
Location
501 Palisades Way, Sherwood Park, AB T8H 0H8, CAN
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Floor plans
| 1 Bedroom + Den | 1 bed | 1 bath | $1,500 /mo | 1 unit available |
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Amenities for Luxury Sherwood Park Condo Rental
Grounds
| Garage Parking |
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
Base Rent
Monthly rent payment
$1,500
OPTIONAL FEES
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Garage Lot
Parking Fee
Monthly. 2 garage lots max. Unassigned parking
$150
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12 months |
|---|
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About Luxury Sherwood Park Condo Rental
Managed by Ayre & Oxford Inc.
**Welcome to The Palisades – Adult Living (18+) in Sherwood Park** Nestled against a tranquil, tree-lined ravine, this well-managed adult (18+) building offers the perfect blend of comfort, privacy, and convenience. This spacious 1 Bedroom + Den unit features: - **Air Conditioning** - **In-Suite Laundry** - **Dishwasher** - **Hardwood Flooring** - **Large Walk-Though Closets** - **Cozy Carpeted Bedrooms** - **Private Balcony** Relax on your balcony with serene views overlooking **Centennial Park** — the ideal place to unwind with a coffee or enjoy the sunset. Residents of The Palisades enjoy access to excellent **amenities**, including: - A well-equipped **exercise room** - A **social room** in the 500 building, complete with **wet bar** and **pool table** Located just steps from **Emerald Hills shopping centre**, scenic walking trails, and other amenities, this home is truly a **rare find** offering space, peaceful surroundings, and unbeatable convenience. Call Paul 780-288-2518 to book a viewing **This building is professionally managed by Ayre & Oxford Inc.** ****ALL POSTED RENT AMOUNTS ARE SUBJECT TO CHANGE WITHOUT NOTICE****
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.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Luxury Sherwood Park Condo Rental is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Luxury Sherwood Park Condo Rental 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.
Luxury Sherwood Park Condo Rental 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·8A 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.
With multiple in-demand amenities, Luxury Sherwood Park Condo Rental is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Luxury Sherwood Park Condo Rental 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 Luxury Sherwood Park Condo Rental 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.
Luxury Sherwood Park Condo Rental 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.
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 Luxury Sherwood Park Condo Rental compares to other nearby properties.
Considerations
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
- No in-unit dishwasher
- Dishwashers aren't available
- No laundry facilities available
- This property doesn't offer on-site or in-unit washers and dryers
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Rent trends in Sherwood Park
1-bedroom apartments at Luxury Sherwood Park Condo Rental cost about 9% less than the average rent price for 1-bedroom apartments in Sherwood Park.
Median rents as of Oct 5 2025.
Sherwood Park
| Month | Median Rent |
|---|---|
| November 2023 | $1,412 |
| December 2023 | $1,441 |
| January 2024 | $1,490 |
| February 2024 | $1,490 |
| March 2024 | $1,496 |
| April 2024 | $1,515 |
| May 2024 | $1,458 |
| June 2024 | $1,494 |
| July 2024 | $1,515 |
| August 2024 | $1,542 |
| September 2024 | $1,511 |
| October 2024 | $1,538 |
| November 2024 | $1,529 |
| January 2025 | $1,658 |
| February 2025 | $1,628 |
| March 2025 | $1,593 |
| April 2025 | $1,587 |
| May 2025 | $1,577 |
| June 2025 | $1,767 |
| July 2025 | $1,798 |
| August 2025 | $1,737 |
| September 2025 | $1,665 |
| October 2025 | $1,657 |
Affordability calculator
Can I afford to live at 501 Palisades Way?
Bedrooms
1 bedroomRent-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
$60,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 1-bedroom monthly rent price of $1,500.
For more information on rent affordability, visit our rent calculator.
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Internet available near Luxury Sherwood Park Condo Rental
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Sherwood Park near 501 Palisades Way
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 501 Palisades Way, Sherwood Park
Groceries
3/10
The nearest general grocery store is within a 20-to-30 minute walk.
Shopping
5/10
Some fashion stores are within walking distance.
Cafes
6/10
The closest café is within a 5-minute walk, and there are some other cafés within walking distance.
Restaurants
5/10
Some restaurants are within walking distance.
Primary schools
2/10
The closest elementary school is within a 20-to-30-minute walk.
High schools
3/10
The closest high school is within a 20-to-30-minute walk.
Nightlife
2/10
The closest bar is within a 20-minute walk, and there are a few other bars within walking distance.
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