73 Swift Cres
GuelphONN1E 7J1
Cheap Homes for Rent in Cheltenham, ON from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Cheltenham.
4568 Donegal Dr
MississaugaONL5M 4H2
27 Masi Crt
VaughanONL4H 1V5
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.
1106 Little Cres
MiltonONL9T 6T2
6951 Darcel Av
MississaugaONL4T 2W7
310 Wettlaufer Terr
MiltonONL9T 7N2
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.
195 Commerce St
VaughanONL4K 0P9
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Cheltenham, ON Local Guide
How much does it cost to rent a home in Cheltenham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheltenham 2 Bedroom Homes for Rent | $2,093 | $850 | $3,000 |
| Cheltenham 3 Bedroom Homes for Rent | $3,465 | $2,745 | $4,200 |
| Cheltenham 4 Bedroom Homes for Rent | $3,478 | $2,695 | $4,990 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 $1,519. 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 Beth, 1 Bath | 1BR,1BA | $1,519 |
| 2, 4, & 6 Silver Maple | 1 Bedroom (4 Silver Maple) | 1BR,1BA | $1,539 |
| 143 Main Street South | Bachelor | Studio,1BA | $1,569 |
Best Value Apartments for Rent in Cheltenham, ON and Nearby
As of June 04, 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 3 Bed 1.5 Bath B Model at 190 CityView Apartments starting at $2,600 with a $2.32 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 |
| 190 CityView Apartments | 3 Bed 1.5 Bath B | 3BR,1.5BA | $2.32 |
| The Village View Apartments | Three Bedroom | 3BR,1BA | $2.60 |
| Silvercreek Towers | 2 Bed 1 Bath B | 2BR,1BA | $2.41 |
| Lakeview Place | 2 Bedroom | 2BR,1BA | $2.60 |
| Balmoral Apartment | 2 Bedroom | 2BR,1BA | $2.20 |
| Two Ten Apartments | 2 Bedroom(s) and 1 Bathroom(s) | 2BR,1BA | $2.21 |
| 2, 4, & 6 Silver Maple | 1 Bedroom (4 Silver Maple) | 1BR,1BA | $1.84 |
| 123 / 125 Railroad | 2 bedroom | 2BR,1BA | $2.48 |
| 80 Orenda Ct | 1 Beth, 1 Bath | 1BR,1BA | $2.62 |
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 Article
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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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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See the most popular apartments and homes in Cheltenham, ON
Frequently Asked Questions about Cheltenham
What type of rentals are currently available in Cheltenham?
There are currently 31 Apartments for Rent in Cheltenham, ON with pricing that ranges from $1,550 to $3,125. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cheltenham ranging from $850 to $4,990.
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 $850 to $4,990 with an average monthly rent of $2,746.
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
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.