Cheap Homes for Rent in Markham, ON from $600 (325 Rentals)

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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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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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 $1,599. Fifeshire Towers in the Westminster Branson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,849. Here is today’s list of the most affordable Markham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Willow DevelopmentsBachStudio,1BA$1,599
Fifeshire TowersJr. 1 Bdm1BR,1BA$1,849
Rosslyn Residence1 Bedroom1BR,1BA$1,850
Valencia Towers South1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$1,884
Bentley Apartments1 Beds, 1 Baths1BR,1BA$1,915
The ForesiteStudioStudio,1BA$1,929
Alpine Apartments1 Beds, 1 Baths1BR,1BA$1,955
Deerford Road Apartments1 Beds, 1 Baths1BR,1BA$1,990
3030 Pharmacy AvenueOne Bedroom1BR,2BA$1,995
125 Bamburgh Circ1 Bedroom1BR,1BA$1,999

Best Value Apartments for Rent in Markham, ON

As of July 30, 2026 the best value apartment in the Markham area is the $2.18 price per square foot 2 Beds, 1 Baths Model at 85 Henderson Avenue Townhomes in the in the Markham neighborhood starting from $3,070. The second greatest value Markham apartment is the 2 Bedroom Model at Bathville Towers starting at $2,580 with a $2.35 price per square foot in the Bathurst Manor 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.
85 Henderson Avenue Townhomes2 Beds, 1 Baths2BR,1BA$2.18
Bathville Towers2 Bedroom2BR,1BA$2.35
Bayview Square North2 Bedroom2BR,1BA$2.51
Rosslyn Residence1 Bedroom1BR,1BA$2.08
3050 Pharmacy AvenueOne Bedroom plus Den1BR,1.5BA$2.57
Willowdale Apartments1 bedroom1BR,1BA$2.48
225 Van Horne Apartments2 Bedroom2BR,1BA$2.50
Warren Court Apartments2 Bedroom2BR,1.5BA$2.50
1580 Sandhurst CircleOne bedroom plus den, with one batroom1BR,1BA$2.60
Valencia Towers South1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$2.53

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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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!

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Frequently Asked Questions about Markham

What type of rentals are currently available in Markham?

There are currently 779 Apartments for Rent in Markham, ON with pricing that ranges from $920 to $4,267. There are also 1465 Single Family Homes for rent, Condos, and Townhome rentals currently available in Markham ranging from $680 to $21,000.

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 $680 to $21,000 with an average monthly rent of $3,703.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.