Cheap Apartments for Rent in London, ON from $500 (85 Rentals)

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Search the lowest-cost Apartments available for rent right now in London.

property at 376 Richmond St

376 Richmond St

LondonONN6A 3C7
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Parkdale Place
Rent Specials
$1,249 - $1,899Studio to 3 Bedroom Apartments Available Now

Parkdale Place

1201 Richmond St NLondon, ON N6A 3L3
Affordability
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  • Utilities Included
  • Matterport 3D Tour
property at 26 Craig St

26 Craig St

LondonONN6C 1E8

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 492 Springbank Dr

492 Springbank Dr

LondonONN6J 1H1
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Highland Park Apartments I/II
Rent Specials
$1,339 - $1,4991 to 2 Bedroom Apartments Available Now

Highland Park Apartments I/II

450-460 Highland AveLondon, ON N6C 5E1
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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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property at 1 Frontenac Rd

1 Frontenac Rd

LondonONN5Z 3X9

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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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
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Richmond Estate
Studio to 2 Bedroom Apartments

Richmond Estate

337 Richmond StLondon, ON N6A 3C2
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699 Talbot St
1 to 2 Bedroom Apartments

699 Talbot St

699 Talbot StLondon, ON N6A 5L8
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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135 Belmont Dr
1 Bedroom Apartments

135 Belmont Dr

135 Belmont DrLondon, ON N6J 4J3
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Springbank Village
1 to 3 Bedroom Apartments

Springbank Village

914 Wonderland Rd SLondon, ON N6K 2V8
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Adelaide Lofts
1 to 2 Bedroom Apartments

Adelaide Lofts

430 Adelaide St NLondon, ON N6B 3P7
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Dundas Apartments
Studio to 2 Bedroom Apartments

Dundas Apartments

470 Dundas StLondon, ON N6B 1W3
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376 Richmond St
Studio to 2 Bedroom Apartments

376 Richmond St

376 Richmond StLondon, ON N6A 3C7
  • Smoke Free

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 The Eleanor priced from $1,049. Village Court Apartments London has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable London apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The EleanorBachelorStudio,1BA$1,049
Village Court Apartments LondonBachelor ApartmentStudio,1BA$1,100
York Dale ApartmentsBachelor ApartmentStudio,1BA$1,175
Dundas ApartmentsBachelor ApartmentStudio,1BA$1,195
Adelaide LoftsJunior One Bedroom Apartment1BR,1BA$1,195
376 LoftsStudio, 1 bathStudio,1BA$1,199
520-560 Mornington Avenue1 Bedroom1BR,1BA$1,199
Garden Vista0 Beds, 1 BathsStudio,1BA$1,200
The WinstonJr. One Bedroom1BR,1BA$1,225
Parkdale PlaceBachelorStudio,1BA$1,249

Best Value Apartments for Rent in London, ON

As of November 30, 2025 the best value apartment in the London area is the $1.61 price per square foot 2 Bedroom Model Model at Capulet Towers III in the starting from $2,250. The second greatest value London apartment is the 2 Bedroom - 2B Model at 520 Talbot Street starting at $2,299 with a $1.67 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.
Capulet Towers III2 Bedroom Model2BR,2BA$1.61
520 Talbot Street2 Bedroom - 2B2BR,2BA$1.67
Fairmont Gardens TownhousesDeluxe Two Bedroom Townhouse Renovated2BR,1BA$1.73
200 Westfield DrTwo Bedroom Suite2BR,1BA$1.68
The W London4 Bedroom x 3 Bathroom4BR,3BA$1.15
Springbank Village2 Beds, 1 Baths2BR,1BA$1.75
Adelaide Towers I - III2 Bedroom2BR,1BA$1.69
Berkshire Wonderland Apartments2 Beds, 1 Baths2BR,1BA$1.67
435 Grey Street2 Beds, 1 Baths2BR,1BA$1.51
520-560 Mornington Avenue1 Bedroom1BR,1BA$1.54

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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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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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!

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 The Eleanor listed at $1,049.

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

The lowest price for a Cheap One Bedroom London Apartment is $1,099 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 $1,359 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 Revo on King St and starts from $1,825.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.