Cheap Homes for Rent in London, ON from $700 (99 Rentals)

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

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 111 Masonville Cres

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available May 1

111 Masonville Cres

LondonONN5X 3T1

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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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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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London, ON Local Guide

Cheapest Available London Apartments for Rent

 

The cheapest available apartment rental in London, ON is a 1 Bed unit found at 435 Grey Street priced from $960. 520-560 Mornington Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable London apartments for rent:

Apartment ListingModel NameBed/BathPriced From
435 Grey Street1 Beds, 1 Baths1BR,1BA$960
520-560 Mornington Avenue1 Bedroom1BR,1BA$999
The EleanorBachelorStudio,1BA$1,049
Village Court Apartments LondonBachelor ApartmentStudio,1BA$1,100
Blossom GateStudioStudio,1BA$1,100
Richmond EstateBachelor ApartmentStudio,1BA$1,100
Revo on King StOne Bedroom1BR,1BA$1,100
Garden Vista Apartments0 Beds, 1 BathsStudio,1BA$1,179
Somerville Place LoftsSmall One Bedroom Loft1BR,1BA$1,195
Dundas ApartmentsBachelor ApartmentStudio,1BA$1,195

Best Value Apartments for Rent in London, ON

As of April 01, 2026 the best value apartment in the London area is the $1.64 price per square foot 2 Bedroom, 2.5 Bath Model at NorthWoods Village - 955 Catalpa Sq in the starting from $2,500. The second greatest value London apartment is the 2 Bedroom - 2A Model at 520 Talbot Street starting at $2,199 with a $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.
NorthWoods Village - 955 Catalpa Sq2 Bedroom, 2.5 Bath2BR,2.5BA$1.64
520 Talbot Street2 Bedroom - 2A2BR,2BA$1.47
Lord Nelson Apartments2 Beds, 1 bath2BR,1BA$1.25
Highland Village3 Beds, 1 Baths3BR,1BA$1.59
110 Belmont Drive3 bedroom, 2 bath, with solarium3BR,2BA$1.47
918-922 Wonderland Road South3 bedroom, 1.5 bath, with balcony3BR,2BA$1.61
Fairmont Gardens TownhousesTwo Bedroom Townhouse2BR,1BA$1.61
396 Queens Avenue2 Bedroom2BR,1BA$1.60
520-560 Mornington Avenue2 Bedroom2BR,1BA$1.30
435 Grey Street1 Beds, 1 Baths1BR,1BA$1.48

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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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 London

What type of rentals are currently available in London?

There are currently 583 Apartments for Rent in London, ON with pricing that ranges from $650 to $9,561. There are also 492 Single Family Homes for rent, Condos, and Townhome rentals currently available in London ranging from $700 to $6,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in London ranges from $700 to $6,500 with an average monthly rent of $2,574.

How much are larger Three and Four Bedroom Rentals in London?

For those who are looking for larger living arrangements, Three Bedroom Apartments in London range from $1,625 to $7,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $895.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.