
Cheap Apartments for Rent near Cheltenham, ON from $1,300 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Cheltenham.


80 Orenda Ct

2, 4, & 6 Silver Maple

143 Main Street South

The Village View Apartments

123 / 125 Railroad

Uniti

53 McMurchy Avenue North

The Landmarq Rental Residences
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

The Compass Rental Residences

365 Kennedy Rd

Two Ten Apartments

188 CityView Apartments

Hanover Road

The Manett

45 Railroad

Daniels MPV2

Battleford & Glen Erin
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Total Monthly Price
Rambler Tower

Braemar Place

51 McMurchy

Balmoral Apartment

15 Sugarcane Ave

88 Floribunda Cres

3 Norwich Pl

25 Elizabeth St

1 Esplanade Rd
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

9 Sherwood Cres

35 Brixham Ln

510 Edenbrook Hill Dr

2200 Sherobee Rd

120 Huron St

3262 Crimson King Cir

38 Honeycrisp Cres

400 The East Mall

9 Panda Ln
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

56 Mersey St
Cheltenham, ON Local Guide
How much does it cost to rent an apartment in Cheltenham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheltenham Studio Apartments | $1,503 | $1,393 | $1,599 |
| Cheltenham 1 Bedroom Apartments | $2,056 | $1,539 | $2,545 |
| Cheltenham 2 Bedroom Apartments | $2,389 | $1,599 | $2,890 |
| Cheltenham 3 Bedroom Apartments | $2,773 | $2,220 | $3,049 |
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Cheltenham, ON Local Guide
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Cheapest Available Cheltenham Apartments for Rent and Nearby
 The cheapest available apartment rental in Cheltenham, ON is a 1 Bed unit found at 80 Orenda Ct in the Brampton East neighborhood priced from $1,439. 2, 4, & 6 Silver Maple in the Brampton East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,539. Here is today’s list of the most affordable Cheltenham apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 80 Orenda Ct | 1 Bed, 1 Bath | 1BR,1BA | $1,439 |
| 2, 4, & 6 Silver Maple | 1 Bedroom (4 Silver Maple) | 1BR,1BA | $1,539 |
| 123 / 125 Railroad | Studio | Studio,1BA | $1,550 |
| Uniti | Tallchief | Studio,1BA | $1,650 |
| 143 Main Street South | 1 Bed 1 Bath | 1BR,1BA | $1,680 |
| 53 McMurchy Avenue North | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,747 |
| The Compass Rental Residences | One Bedroom | 1BR,1BA | $1,750 |
| The Landmarq Rental Residences | One Bedroom | 1BR,1BA | $1,750 |
| Two Ten Apartments | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | $1,799 |
| 188 CityView Apartments | 1 Bed 1 Bath B | 1BR,1BA | $1,925 |
Best Value Apartments for Rent in Cheltenham, ON and Nearby
As of July 19, 2026 the best value apartment in the Cheltenham area is the $2.40 price per square foot B Model at Pleasantview Walk Townhomes in the in the Brampton East neighborhood starting from $2,700. The second greatest value Cheltenham apartment is the Three Bedroom Model at The Village View Apartments starting at $2,600 with a $2.60 price per square foot in the Brampton East neighborhood. Here is today’s list of the best values for Cheltenham apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pleasantview Walk Townhomes | B | 3BR,2BA | $2.40 |
| The Village View Apartments | Three Bedroom | 3BR,1BA | $2.60 |
| Silvercreek Towers | 2 Bed 1 Bath A | 2BR,1BA | $2.35 |
| Balmoral Apartment | 2 Bedroom | 2BR,1BA | $2.53 |
| 2, 4, & 6 Silver Maple | 1 Bedroom (6 Silver Maple) | 1BR,1BA | $2.05 |
| 110 McLaughlin Road North | 2 bedroom, 1 bathroom , balcony | 2BR,1BA | $2.61 |
| Rambler Tower | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.67 |
| Two Ten Apartments | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | $2.47 |
| 123 / 125 Railroad | 1 bedroom | 1BR,1BA | $2.41 |
| 80 Orenda Ct | 1 Bed, 1 Bath | 1BR,1BA | $2.48 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Cheltenham, ON Rentals by Map
See the most popular apartments and homes in Cheltenham, ON
Frequently Asked Questions about Cheap Cheltenham Apartments
How much is rent for a Cheap One Bedroom Cheltenham Apartment?
The lowest price for a Cheap One Bedroom Cheltenham Apartment is $1,439 at 80 Orenda Ct.
What is the lowest price for a Cheap Two Bedroom Cheltenham Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Cheltenham is starting from $1,579 at 80 Orenda Ct.
What is the most affordable Cheltenham Three Bedroom Apartment?
The best deal on a cheap Cheltenham Three Bedroom Apartment rental is at 80 Orenda Ct and starts from $2,220.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.