Cheap Homes for Rent near Cheltenham, ON from $1,300 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in Cheltenham.

property at 88 Floribunda Cres

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

1 Bedroom, 1 Bath Home for Rent

Available Now

88 Floribunda Cres

BramptonONL6T 4S2
property at 3 Norwich Pl

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

Studio, 1 Bath Home for Rent

Available Now

3 Norwich Pl

TorontoONM9V 2Y9
property at 25 Elizabeth St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Home for Rent

Available Sep 30

25 Elizabeth St

GuelphONN1E 2X1

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.

property at 9 Sherwood Cres

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

2 Bedroom, 1 Bath Home for Rent

Available Aug 7

9 Sherwood Cres

BramptonONL6X 2C9
property at 6949 Darcel Av

$1,875

Total Monthly Price

Total Monthly Price

Base Rent
$1,875

Total Monthly Price
$1,875

1 Bedroom, 1.5 Bath Home for Rent

Available Now

6949 Darcel Av

MississaugaONL4T 2W7
property at 2200 Sherobee Rd

$1,899 - $2,649

Studio To 2 Bedroom Rentals

Available Now

2200 Sherobee Rd

MississaugaONL5A 3Y3

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.

property at 400 The East Mall

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995

1 Bedroom, 1 Bath Townhome for Rent

Available Now

400 The East Mall

TorontoONM9B 3Z9

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.

Cheltenham, ON Local Guide

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 ListingModel NameBed/BathPriced From
80 Orenda Ct1 Bed, 1 Bath1BR,1BA$1,439
2, 4, & 6 Silver Maple1 Bedroom (4 Silver Maple)1BR,1BA$1,539
123 / 125 RailroadStudioStudio,1BA$1,550
UnitiTallchiefStudio,1BA$1,650
143 Main Street South1 Bed 1 Bath1BR,1BA$1,680

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pleasantview Walk TownhomesB3BR,2BA$2.40
The Village View ApartmentsThree Bedroom3BR,1BA$2.60
Silvercreek Towers2 Bed 1 Bath A2BR,1BA$2.35
Balmoral Apartment2 Bedroom2BR,1BA$2.53
2, 4, & 6 Silver Maple1 Bedroom (6 Silver Maple)1BR,1BA$2.05
110 McLaughlin Road North2 bedroom, 1 bathroom , balcony2BR,1BA$2.61
Rambler Tower1 Bedroom, 1 Bathroom1BR,1BA$2.67
Two Ten Apartments1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$2.47
123 / 125 Railroad1 bedroom1BR,1BA$2.41
80 Orenda Ct1 Bed, 1 Bath1BR,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.

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Real 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.

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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheltenham

What type of rentals are currently available in Cheltenham?

There are currently 32 Apartments for Rent in Cheltenham, ON with pricing that ranges from $1,393 to $27,396. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cheltenham ranging from $1,300 to $5,800.

What is the current price range for Rental Homes in Cheltenham?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cheltenham ranges from $1,300 to $5,800 with an average monthly rent of $3,002.

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

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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.

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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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.