Cheap Homes for Rent in London, ON from $600 (64 Rentals)

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

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.

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property at 1534 Western Rd

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

1534 Western Rd

LondonONN6G 1H4

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 32 Mackay Av

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

Studio, 1 Bath Condo for Rent

Available Jun 15

32 Mackay Av

LondonONN6J 2T9

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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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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Showing Results 1-50, Page 1 of 2

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 520-560 Mornington Avenue priced from $999. The Eleanor has the second lowest priced unit, which is a Studio apartment currently listed from $1,049. Here is today’s list of the most affordable London apartments for rent:

Apartment ListingModel NameBed/BathPriced From
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$1,148
Somerville Place LoftsSmall One Bedroom Loft1BR,1BA$1,195
Dundas ApartmentsBachelor ApartmentStudio,1BA$1,195
The Brighton1 Bedroom1BR,1BA$1,199

Best Value Apartments for Rent in London, ON

As of May 16, 2026 the best value apartment in the London area is the $1.47 price per square foot 3 bedroom, 2 bath, with solarium Model at 110 Belmont Drive in the starting from $1,997. The second greatest value London apartment is the 3 bedroom, 1.5 bath, with balcony Model at 918-922 Wonderland Road South starting at $2,057 with a $1.61 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.
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
White Oaks Gate2 Bedroom2BR,1BA$1.57
560 PROUDFOOT LANE2 Bedroom2BR,1.5BA$1.51
200 Westfield DrTwo Bedroom Suite2BR,1BA$1.68
Cinque ApartmentsTwo Bed – 03 Style2BR,1BA$1.63
The W London4 Bedroom x 3 Bathroom4BR,3BA$1.24
543 Mornington Avenue & 135 Connaught Avenue2 Bedroom2BR,1BA$1.63
520-560 Mornington Avenue1 Bedroom1BR,1BA$1.28

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!

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 601 Apartments for Rent in London, ON with pricing that ranges from $650 to $8,817. There are also 503 Single Family Homes for rent, Condos, and Townhome rentals currently available in London ranging from $650 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 $650 to $6,500 with an average monthly rent of $2,606.

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 $1,525 to $7,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $3,500. Four Bedroom Single-Family rentals are also available starting from $850 and Four Bedroom Apartments start at $850.

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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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.

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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.

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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.

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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.