Cheap Homes for Rent in Markham, ON from $700 (80 Rentals)

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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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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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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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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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Markham, ON Local Guide

Cheapest Available Markham Apartments for Rent

 

The cheapest available apartment rental in Markham, ON is a Studio unit found at Park Willow Developments in the Willowdale East Newtonbrook East neighborhood priced from $1,625. 225 Van Horne Apartments in the Bayview Woods Steeles Hillcrest Vlg neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,825. Here is today’s list of the most affordable Markham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Willow DevelopmentsStudio, 1 bathStudio,1BA$1,625
225 Van Horne Apartments1 Bedroom1BR,1BA$1,825
Valencia Towers South1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$1,859
Royale Towers1 Bedroom1BR,1BA$1,875
Fifeshire TowersJr. 1 Bdm1BR,1BA$1,899
Rosslyn Residence1 Bedroom1BR,1BA$1,900
125 Bamburgh Circle1 Bedroom1BR,1BA$2,012
Bentley Apartments1 Beds, 1 Baths1BR,1BA$2,045
Alpine Apartments1 Beds, 1 Baths1BR,1BA$2,055
Willowdale Apartments1 bedroom1BR,1BA$2,075

Best Value Apartments for Rent in Markham, ON

As of November 01, 2025 the best value apartment in the Markham area is the $1.95 price per square foot 3 Bedroom Model at Romfield Circuit in the in the Richmond Hill Vaughan King neighborhood starting from $3,800. The second greatest value Markham apartment is the 2 Beds, 1 Baths Model at 85 Henderson Avenue Townhomes starting at $3,070 with a $2.18 price per square foot in the Richmond Hill Vaughan King neighborhood. Here is today’s list of the best values for Markham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Romfield Circuit3 Bedroom3BR,1BA$1.95
85 Henderson Avenue Townhomes2 Beds, 1 Baths2BR,1BA$2.18
Springdale Place North3 Bed3BR,1.5BA$2.32
Rosslyn Residence2 Bedroom2BR,1BA$2.16
6161 Bathurst St2 Bedroom2BR,1BA$2.53
Willowdale Apartments1 bedroom1BR,1BA$2.38
Royal Court2 Bedroom2BR,1BA$2.49
Forest Manor1 Bedroom2BR,1.5BA$2.73
Valencia Towers South1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$2.49
Park Willow Developments1 Bedroom1BR,1BA$2.74

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 Markham, ON Rentals by Map

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Frequently Asked Questions about Markham

What type of rentals are currently available in Markham?

There are currently 777 Apartments for Rent in Markham, ON with pricing that ranges from $1,200 to $4,495. There are also 689 Single Family Homes for rent, Condos, and Townhome rentals currently available in Markham ranging from $700 to $13,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Markham ranges from $700 to $13,500 with an average monthly rent of $3,756.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Markham range from $2,650 to $4,237, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $9,000. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $4,495.

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.