From my experience, being in Edmonton
If you see an ad that says "Close to Grant MacEwan" STAY AWAY!
Safest bet is if you're south of the river it'll be decent.
I cant afford to live south of the river, but I found a decent little place right by Commonwealth. The LRT service in Edmonton is decent, so anywhere along the LRT line is at most 15minute right from the University. Perhaps try Clareview area for a decent place close to the LRT?
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