Cheap Apartments for Rent in London, ON from C$700 (110 Rentals)

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Ridout Towers
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C$1,249 - C$1,6991 to 3 Bedroom Apartments Available Now

Ridout Towers

100 Ridout St SLondon, ON N6C 3X5
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Parkdale Place
C$1,299 - C$1,549Studio to 2 Bedroom Apartments Available Now

Parkdale Place

1201 Richmond St NLondon, ON N6A 3L3
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Trillium Towers I/II
C$1,299 - C$1,8691 to 2 Bedroom Apartments Available Now

Trillium Towers I/II

680-690 Wonderland Rd NLondon, ON N6H 4V3
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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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property at 376 Richmond St

376 Richmond St

LondonONN6A 3C7

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.

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property at 852 Kipps Ln

852 Kipps Ln

LondonONN5Y 4S3
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Highland Park Apartments I/II
C$1,439 - C$1,5991 to 2 Bedroom Apartments Available Now

Highland Park Apartments I/II

450-460 Highland AveLondon, ON N6C 5E1
Active Lifestyle
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Bradley Court I/II
C$1,449 - C$1,8191 to 2 Bedroom Apartments Available Now

Bradley Court I/II

1585-1595 Ernest AveLondon, ON N6E 2W7
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property at 492 Springbank Dr

492 Springbank Dr

LondonONN6J 1H1
property at 727 Second St

727 Second St

LondonONN5V 2B8

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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South Grand Apartments
C$1,499 - C$1,7491 to 2 Bedroom Apartments Available Now

South Grand Apartments

21-25 Grand AveLondon, ON N6C 3X5
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459 Princess
1 to 2 Bedroom Apartments

459 Princess

459 Princess AveLondon, ON N6B 2B4
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455 Princess Ave
1 to 2 Bedroom Apartments

455 Princess Ave

455 Princess AveLondon, ON N6B 2B4

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.

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London, ON Local Guide

Cheapest Available London Apartments for Rent

 

The cheapest available apartment rental in London, ON is a Studio unit found at Beaverbrae Apartments priced from C$1,168. Colony One has the second lowest priced unit, which is a Studio apartment currently listed from C$1,188. Here is today’s list of the most affordable London apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Beaverbrae ApartmentsStudioStudio,1BAC$1,168
Colony OneStudioStudio,1BAC$1,188
Dundas ApartmentsBachelor ApartmentStudio,1BAC$1,195
The Eleanor1 Bed1BR,1BAC$1,199
Ridout Towers1 Bedroom1BR,1BAC$1,249
Studios on KingBachelorStudio,1BAC$1,250
88 York St1 Bedroom1BR,1BAC$1,295
Adelaide LoftsOne Bedroom Loft1BR,1BAC$1,295
Parkdale PlaceBachelor1BR,1BAC$1,299
Trillium Towers I/II1 Bedroom1BR,1BAC$1,299

Best Value Apartments for Rent in London, ON

As of October 14, 2025 the best value apartment in the London area is the C$1.51 price per square foot Elora Model at Asher Village in the starting from C$2,725. The second greatest value London apartment is the Cobalt Model at Element Townhomes starting at C$2,625 with a C$1.47 price per square foot . Here is today’s list of the best values for London apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Asher VillageElora3BR,2.5BAC$1.51
Element TownhomesCobalt3BR,3.5BAC$1.47
Windermere Place II2 Bed2BR,2BAC$1.70
The Dorchester3 Bedroom, 2 Bathroom3BR,2BAC$1.70
200 Westfield DrTwo Bedroom Suite2BR,1BAC$1.68
Centennial House2 Beds, 1 bath2BR,1BAC$1.55
The W London4 Bedroom x 3 Bathroom4BR,3BAC$1.15
520-560 Mornington Avenue2 Bedroom2BR,1BAC$1.31
435 Grey Street2 Beds, 1 Baths2BR,1BAC$1.52
Webster ApartmentsRenovated 1 Bedroom1BR,1BAC$1.67

Quick Rent Budget Calculator

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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!

Explore London, ON Rentals by Map

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See the most popular apartments and homes in London, ON

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Frequently Asked Questions about Cheap London Apartments

What is the Cheapest Studio apartment in London?

Currently the most affordable Cheap Studio Apartment in London is at Beaverbrae Apartments listed at C$1,168.

How much is rent for a Cheap One Bedroom London Apartment?

The lowest price for a Cheap One Bedroom London Apartment is C$1,199 at The Eleanor.

What is the lowest price for a Cheap Two Bedroom London Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in London is starting from C$1,328 at 520-560 Mornington Avenue.

What is the most affordable London Three Bedroom Apartment?

The best deal on a cheap London Three Bedroom Apartment rental is at Ridout Towers and starts from C$1,699.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.