Cheap Apartments for Rent in Mississauga, ON from $1,400 (526 Rentals)

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Search the lowest-cost Apartments available for rent right now in Mississauga.

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 3355 Ponytrail Dr

$1,745 - $2,475

1 To 3 Bedroom Rentals

Available Now

3355 Ponytrail Dr

MississaugaONL4X 1V7

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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The Carillon
$1,800 - $2,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,800 - $2,150
Total Monthly Price
$1,800 - $2,150
1 Bedroom Apartments Available Now

The Carillon

150 Paisley BlvdMississauga, ON L5B 1G3
Student Housing
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  • Utilities Included
  • 3D Tour
property at 604 Farwell Cres

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 1 Bath Home for Rent

Available Now

604 Farwell Cres

MississaugaONL5R 2A8
property at 3896 Skyview St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

2 Bedroom, 1 Bath Home for Rent

Available May 1

3896 Skyview St

MississaugaONL5M 8A4

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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Lakewood Apartments I
$1,8951 Bedroom Apartments Contact Us For Availability

Lakewood Apartments I

1257 E Lakeshore RdMississauga, ON L5E 3G8
Affordability
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  • Utilities Included
  • 3D Tour

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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The Omeath
Rent Specials
$1,959 - $2,539
Total Monthly Price

Total Monthly Price

Base Rent
$1,959 - $2,539
Total Monthly Price
$1,959 - $2,539
Studio to 2 Bedroom Apartments Available Now

The Omeath

30 Central Pky WMississauga, ON L5B 1L3
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Lenworth Towers
Rent Specials
$1,995 - $2,195
Total Monthly Price

Total Monthly Price

Base Rent
$1,995 - $2,195
Total Monthly Price
$1,995 - $2,195
1 to 2 Bedroom Apartments Available Now

Lenworth Towers

1900 Bloor St EMississauga, ON L4X 1S5
Affordability
  • Verified
  • Utilities Included
  • 3D Tour

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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Showing Results 1-50, Page 1 of 11

Mississauga, ON Local Guide

Cheapest Neighborhoods for Apartments in Mississauga, ON

Pricing Updated: 04/24/2026

Current apartment rentals in the Mississauga, ON area range in price from $1,569 to $11,225 with an overall median price of $4,612. The three Mississauga neighborhoods with the lowest median rent pricing are Clarkson Lorne Park at $1,599, Cooksville at $1,599, and Churchill Meadows Erin Mills at $1,645. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Mississauga Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Clarkson Lorne Park$2,849$1,59932
Cooksville$3,100$1,599310
Churchill Meadows Erin Mills$3,187$1,64564
Meadowvale$3,214$1,64551
Mississauga Centre Streetsville$4,100$1,569568
Port Credit$11,225$1,59994

Cheapest Available Mississauga Apartments for Rent

 

The cheapest available apartment rental in Mississauga, ON is a 1 Bed unit found at 2177 Sherobee Road in the Cooksville neighborhood priced from $1,599. Two Ten Apartments in the Brampton West neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,599. Here is today’s list of the most affordable Mississauga apartments for rent:

Apartment ListingModel NameBed/BathPriced From
2177 Sherobee Road1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$1,599
Two Ten Apartments1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$1,599
2211 Sherobee Road1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$1,599
2170 Sherobee Road1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$1,599
1745 Bloor Holdings Inc.BACHELORStudio,1BA$1,600
Bromsgate Apartments1 Bedroom1BR,1BA$1,645
21 Park BoulevardBACHELORStudio,1BA$1,650
Sheldon Towers0 Beds, 1 BathsStudio,1BA$1,695
The Horizon Apartments1 Bdr1BR,1BA$1,700
Park Royal Village Apartments0 Beds, 1 BathsStudio,1BA$1,725

Best Value Apartments for Rent in Mississauga, ON

As of April 24, 2026 the best value apartment in the Mississauga area is the $1.48 price per square foot 3 Beds, 1 Baths Model at Bloor and Havenwood Townhomes in the in the Mississauga Centre Streetsville neighborhood starting from $2,695. The second greatest value Mississauga apartment is the Three Bedroom Model at 3400 The Credit Woodlands Townhomes starting at $2,795 with a $1.55 price per square foot in the Churchill Meadows Erin Mills neighborhood. Here is today’s list of the best values for Mississauga apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bloor and Havenwood Townhomes3 Beds, 1 Baths3BR,1BA$1.48
3400 The Credit Woodlands TownhomesThree Bedroom3BR,1.5BA$1.55
Waterford Townhouses3 Bed 1.5 Bath A3BR,1.5BA$1.95
Heartland North33BR,2BA$2.27
Two Ten Apartments2 Bedroom(s) and 1 Bathroom(s)2BR,1BA$2.21
Equity Place1 Bedroom1BR,1BA$2.26
Bromsgate Apartments1 Bedroom1BR,1BA$2.16
2211 Sherobee Road1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$2.19
2170 Sherobee Road1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$2.21
2177 Sherobee Road1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$2.28

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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 Mississauga, ON Rentals by Map

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See the most popular apartments and homes in Mississauga, ON

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Frequently Asked Questions about Cheap Mississauga Apartments

What is a cheap apartment in Mississauga?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mississauga is under $1,725.

What is the price of a cheap apartment in Mississauga?

The cheapest apartment in Mississauga is 2177 Sherobee Road which is listed at $1,599, while the average apartment in Mississauga costs $4,612.

What types of apartments are the cheapest in Mississauga?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 540 regular apartments in Mississauga that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Mississauga?

Cheap apartments in Mississauga have an average cost of $746 which is $3,866 cheaper than the average rent for all rentals in Mississauga.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.