Rosebud, Alberta is a hamlet in southern Alberta, Canada within Wheatland County. Previously an incorporated municipality, Rosebud dissolved from village status on January 1, 1946, to become part of the Municipal District of Grasswold No. 248.Rosebud is located on Highway 840, approximately 100 kilometres northeast of Calgary and 25 kilometres southwest of Drumheller. It sits in a sheltered valley on the Rosebud River near the edge of the Canadian Badlands.