Cheap Homes for Rent in Markham, ON from $560 (363 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 $1,649. 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$1,649
Fifeshire TowersJr. 1 Bdm1BR,1BA$1,849
Valencia Towers South1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$1,884
Valencia Towers North1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$1,924
Alpine Apartments1 Beds, 1 Baths1BR,1BA$1,940
100 Sprucewood CtOne Bedroom1BR,1BA$1,949
10 Bridletowne Circle 20, 30, 40 & 50 Aurora1 Bedroom1BR,1BA$1,949
Bentley Apartments1 Beds, 1 Baths1BR,1BA$1,955
Deerford Road Apartments1 Beds, 1 Baths1BR,1BA$1,990
3030 Pharmacy AvenueOne Bedroom1BR,2BA$1,995

Best Value Apartments for Rent in Markham, ON

As of September 14, 2026 the best value apartment in the Markham area is the $2.16 price per square foot 3 Bedroom Model at Bathville Towers in the in the Bathurst Manor neighborhood starting from $3,215. The second greatest value Markham apartment is the 2 Beds, 1 Baths Model at 85 Henderson Avenue Townhomes starting at $2,995 with a $2.13 price per square foot in the Markham 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.
Bathville Towers3 Bedroom3BR,1.5BA$2.16
85 Henderson Avenue Townhomes2 Beds, 1 Baths2BR,1BA$2.13
20 Stonehill3 Bed3BR,1.5BA$2.19
Warren Court Apartments3 Bedroom3BR,2BA$2.23
Vanhorne2-Bedroom2BR,1BA$2.41
110 Inverlochy BoulevardTwo bedroom,one bathroom, balcony2BR,1BA$2.36
125 Bamburgh Circ2 Bedroom2BR,1BA$2.42
Bayview Square North2 Bedroom2BR,1BA$2.51
Willowdale Apartments1 bedroom1BR,1BA$2.34
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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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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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

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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 778 Apartments for Rent in Markham, ON with pricing that ranges from $800 to $24,106. There are also 1388 Single Family Homes for rent, Condos, and Townhome rentals currently available in Markham ranging from $560 to $13,000.

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 $560 to $13,000 with an average monthly rent of $2,749.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.