Cheap Homes for Rent in London, ON from C$800 (49 Rentals)

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

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 520-560 Mornington Avenue priced from C$1,027. The Eleanor has the second lowest priced unit, which is a 1 Bed apartment currently listed from C$1,199. Here is today’s list of the most affordable London apartments for rent:

Apartment ListingModel NameBed/BathPriced From
520-560 Mornington Avenue1 Bedroom1BR,1BAC$1,027
The Eleanor1 Bed1BR,1BAC$1,199
Studios on KingBachelorStudio,1BAC$1,250
120 Cherryhill PlBachelorStudio,1BAC$1,299
Highland Village0 Beds, 1 BathsStudio,1BAC$1,320
Revo on King StOne Bedroom1BR,1BAC$1,325
848-852 Kipps Lane Apartments0 Beds, 1 BathsStudio,1BAC$1,355
The Brighton1 Bedroom1BR,1BAC$1,375
The Winston1 Bedroom1BR,1BAC$1,376
Highland Park Apartments I/II1 Bedroom1BR,1BAC$1,379

Best Value Apartments for Rent in London, ON

As of June 22, 2025 the best value apartment in the London area is the C$1.77 price per square foot 2 bedroom Model at 905 Southdale Rd in the starting from C$2,235. The second greatest value London apartment is the 1C Model at 520 Talbot Street starting at C$2,199 with a C$1.77 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.
905 Southdale Rd2 bedroom2BR,2BAC$1.77
520 Talbot Street1C1BR,1BAC$1.77
Fairmont Gardens TownhousesDeluxe Two Bedroom Townhouse Renovated2BR,1BAC$1.73
200 Westfield DrTwo Bedroom Suite2BR,1BAC$1.68
520-560 Mornington Avenue2 Bedroom2BR,1BAC$1.44
Highland Village2 Beds, 1 Baths2BR,1BAC$1.86
Berkshire Wonderland Apartments2 Beds, 1 Baths2BR,1BAC$1.76
Park Towers Apartments1 Bed 1 Bath A1BR,1BAC$1.79
Springbank Village1 Beds, 1 Baths1BR,1BAC$1.79
Webster ApartmentsRenovated 1 Bedroom1BR,1BAC$1.67

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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Frequently Asked Questions about London

What type of rentals are currently available in London?

There are currently 555 Apartments for Rent in London, ON with pricing that ranges from C$899 to C$4,771. There are also 201 Single Family Homes for rent, Condos, and Townhome rentals currently available in London ranging from C$850 to C$5,700.

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 C$850 to C$5,700 with an average monthly rent of C$2,746.

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 C$1,825 to C$3,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$1,795 to C$4,500. Four Bedroom Single-Family rentals are also available starting from C$900 and Four Bedroom Apartments start at C$979.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.