Calgary is not the cheapest place to live in Alberta, but it is still affordable for most. A one-bedroom apartment costs, on average, C$1150 ($875) to C$1400 ($1070) a month. However, many expats that stay long term here choose to buy property as, like the rest of Alberta, Calgary doesn't have a sales tax.. Some of the cheapest places to live in Alberta include Medicine Hat, Lethbridge, Lloydminster, Red Deer, Cold Lake, Grande Prairie, Camrose, High RIver, Fort McMurray, and Wetaskiwin. These cities offer a range of amenities, job opportunities, and relatively low cost of living and housing compared to other major cities in Alberta.

These cities were just ranked the cheapest places to live in Alberta

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Here is MovingWaldo's list of the cheapest places to live in Alberta in 2022: 1. Lloydminster. 2. Medicine Hat. 3. Grande Prairie. 4. High River.. For our roundup of the best places to live in Alberta, check out this article.. 1. Lloydminster. Average rent cost: $833 for a one-bedroom apartment Average cost of buying a house: $220,000 Cost of living: $1378 (per month for a single person, without rent) Population: 31,410 As Canada's Border City, Lloydminster is a unique small city that straddles the border of Saskatchewan and Alberta.