Cheap Apartments for Rent in Mississauga, ON from $1,285 (371 Rentals)

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

property at 3355 Ponytrail Dr
$1,745 - $2,245
1 To 2 Bedroom Rentals
Available Now
Affordability

3355 Ponytrail Dr

MississaugaONL4X 1V7

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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3085 Queen Frederica
Rent Specials
$1,750 - $2,425

Total Monthly Price

Base Rent$1,750 - $2,425

Total Monthly Price$1,750 - $2,425
1 to 2 Bedroom Apartments Available Now

3085 Queen Frederica

3085 Queen Frederica DrMississauga, ON L4Y 3A8
Cost Per Sq.Ft.
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Lakewood Apartments I
$1,795 - $2,2151 to 2 Bedroom Apartments Available Now

Lakewood Apartments I

1257 E Lakeshore RdMississauga, ON L5E 3G8
Cost Per Sq.Ft.
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  • Utilities Included
  • 3D Tour

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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The Westwood
Rent Specials
$1,800 - $2,805

Total Monthly Price

Base Rent$1,800 - $2,805

Total Monthly Price$1,800 - $2,805
1 to 3 Bedroom Apartments Available Now

The Westwood

3400 Riverspray CresMississauga, ON L4Y 3M4
Student Housing
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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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Forest Park Circle Ltd.
Rent Specials
$1,885 - $2,935

Total Monthly Price

Base Rent$1,885 - $2,935

Total Monthly Price$1,885 - $2,935
1 to 3 Bedroom Apartments Available Now

Forest Park Circle Ltd.

1850 Rathburn RdMississauga, ON L4W 2X9
Affordability
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1051 Seneca Av
Rent Specials
$1,899 - $2,199

Total Monthly Price

Base Rent$1,899 - $2,199

Total Monthly Price$1,899 - $2,199
1 to 2 Bedroom Apartments Available Oct 15

1051 Seneca Av

1051-1061 Seneca AvMississauga, ON L5G 3X7
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property at 373 Arrowsmith Dr
$800
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

373 Arrowsmith Dr

MississaugaONL5W 1V3
property at 373 Arrowsmith Dr
$800
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

373 Arrowsmith Dr

MississaugaONL5W 1V3

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.

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.

Mississauga, ON Local Guide

Cheapest Neighborhoods for Apartments in Mississauga, ON

Pricing Updated: 09/06/2026

Current apartment rentals in the Mississauga, ON area range in price from $800 to $21,000 with an overall median price of $2,656. The three Mississauga neighborhoods with the lowest median rent pricing are Churchill Meadows Erin Mills at $2,500, Cooksville at $2,600, and Mississauga Centre Streetsville at $2,625. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Mississauga Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Churchill Meadows Erin Mills$2,500$850295
Cooksville$2,600$950390
Mississauga Centre Streetsville$2,625$8001260
Malton$2,800$95017
Meadowvale$2,800$900155
Clarkson Lorne Park$2,900$900134
Port Credit$2,900$1,395201

Cheapest Available Mississauga Apartments for Rent

 

The cheapest available apartment rental in Mississauga, ON is a Studio unit found at 3141 Jaguar Valley in the Cooksville neighborhood priced from $1,285. 600 & 620 Lolita Gardens in the Cooksville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,625. Here is today’s list of the most affordable Mississauga apartments for rent:

Apartment ListingModel NameBed/BathPriced From
3141 Jaguar ValleyBachelorStudio,1BA$1,285
600 & 620 Lolita GardensJunior One Bedroom1BR,1BA$1,625
Bromsgate Apartments1 Bedroom1BR,1BA$1,651
Richgrove Village1 Beds, 1 Baths1BR,1BA$1,668
The RivergateBachelorStudio,1BA$1,695
765 Browns Line765 Brown's Line - Plan AStudio,1BA$1,699
3375 Ponytrail Drive1 bedroom,1 bathroom, balcony1BR,1BA$1,737
Reid Drive1 Bed Promotional Price for First 7 Months*1BR,1BA$1,749
21 Park BoulevardBACHELORStudio,1BA$1,750
3041 Jaguar Valley Dr1 bedroom1BR,1BA$1,750

Best Value Apartments for Rent in Mississauga, ON

As of September 06, 2026 the best value apartment in the Mississauga area is the $1.61 price per square foot 3 Beds, 1 Baths Model at Bloor and Havenwood Townhomes in the in the Mississauga Centre Streetsville neighborhood starting from $2,795. The second greatest value Mississauga apartment is the Type B Model at 1300 Forestwood Dr starting at $2,795 with a $1.69 price per square foot in the Clarkson Lorne Park 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$1.61
1300 Forestwood DrType B3BR,1.5BA$1.69
Winding Trail Townhomes3 Bedroom (The Hazel)3BR,1.5BA$2.10
20 Redgrave Dr3 Beds, 1.5 baths3BR,1.5BA$2.12
Sheldon Towers2 Beds, 1 Baths2BR,1BA$2.26
2211 Sherobee Road2 Bedroom(s) and 1 Bathroom(s)2BR,1BA$1.93
2300 Confederation Parkway2 Bedroom(s) and 1 Bathroom(s)2BR,1BA$2.13
Lakewood Apartments II2 Bedroom2BR,1BA$2.24
Bromsgate Apartments1 Bedroom1BR,1BA$2.17
Richgrove Village1 Beds, 1 Baths1BR,1BA$2.20

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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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 Cheap Mississauga Apartments

What is the Cheapest Studio apartment in Mississauga?

Currently the most affordable Cheap Studio Apartment in Mississauga is at 3141 Jaguar Valley listed at $1,285.

How much is rent for a Cheap One Bedroom Mississauga Apartment?

The lowest price for a Cheap One Bedroom Mississauga Apartment is $1,625 at 600 & 620 Lolita Gardens.

What is the lowest price for a Cheap Two Bedroom Mississauga Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mississauga is starting from $1,849 at 2211 Sherobee Road.

What is the most affordable Mississauga Three Bedroom Apartment?

The best deal on a cheap Mississauga Three Bedroom Apartment rental is at The Forestwoods and starts from $2,325.

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

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.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.

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

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.