An axle assembly for drive wheels of vehicles includes a steering knuckle, an axle housing coupled to an inside of the steering knuckle, a wheel disc that is fixed to the axle housing to be rotatable integrally with the axle housing, and a drive shaft that is coupled to the axle housing to be rotatable integrally with the axle housing. A hub bearing is disposed between the steering knuckle and the axle housing. A forming part is formed at an end of the axle housing in a state in which a bearing inner race of the hub bearing is coupled to an outer circumferential surface of the axle housing, and the bearing inner race is engaged with a side part of the axle housing by the forming part in a state in which the forming part is pressed against a side end of the bearing inner race.