Search the lowest-cost Apartments available for rent right now in Mississauga.
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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.
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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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Mississauga Studio Apartments | $1,838 | $1,549 | $2,100 |
| Cheap Mississauga 1 Bedroom Apartments | $2,149 | $1,395 | $2,749 |
| Cheap Mississauga 2 Bedroom Apartments | $2,738 | $1,745 | $6,729 |
| Cheap Mississauga 3 Bedroom Apartments | $3,310 | $2,310 | $8,746 |
| Cheap Mississauga 4 Bedroom Apartments | $5,923 | $2,900 | $8,001 |
Current apartment rentals in the Mississauga, ON area range in price from $1,393 to $10,530 with an overall median price of $4,893. The three Mississauga neighborhoods with the lowest median rent pricing are Malton at $2,450, Churchill Meadows Erin Mills at $1,975, and Cooksville at $1,599. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Mississauga Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Malton | $2,450 | $2,450 | 1 |
| Churchill Meadows Erin Mills | $2,999 | $1,975 | 49 |
| Cooksville | $3,165 | $1,599 | 224 |
| Clarkson Lorne Park | $3,828 | $1,625 | 22 |
| Port Credit | $5,342 | $1,549 | 91 |
| Meadowvale | $8,001 | $1,975 | 38 |
| Mississauga Centre Streetsville | $8,471 | $1,393 | 470 |
The cheapest available apartment rental in Mississauga, ON is a 1 Bed unit found at 2211 Sherobee Road in the Cooksville neighborhood priced from $1,599. 2170 Sherobee Road in the Cooksville 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2211 Sherobee Road | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | $1,599 |
| 2170 Sherobee Road | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | $1,599 |
| 1745 Bloor Holdings Inc. | BACHELOR | Studio,1BA | $1,600 |
| Park Royal Village Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,625 |
| 600 & 620 Lolita Gardens | Junior One Bedroom | 1BR,1BA | $1,625 |
| Bromsgate Apartments | 1 Bedroom | 1BR,1BA | $1,651 |
| The Rivergate | Bachelor | Studio,1BA | $1,749 |
| Credit Village Square | Monette | Studio,1BA | $1,750 |
| Riverview Apartments | 1 bedroom | 1BR,1BA | $1,750 |
| 21 Park Boulevard | BACHELOR | Studio,1BA | $1,750 |
As of July 23, 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 3 Bedroom (The Hazel) Model at Winding Trail Townhomes starting at $3,200 with a $2.10 price per square foot in the Mississauga Centre Streetsville neighborhood. Here is today’s list of the best values for Mississauga apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bloor and Havenwood Townhomes | 3 Beds, 1 Baths | 3BR,1BA | $1.61 |
| Winding Trail Townhomes | 3 Bedroom (The Hazel) | 3BR,1.5BA | $2.10 |
| 340 Mill Rd | Three Bedroom | 3BR,2BA | $2.32 |
| Fairfield Towers | One Bedroom | 1BR,1BA | $2.27 |
| Fairview Tower | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.32 |
| Equity Place | 1 Bedroom | 1BR,1BA | $2.26 |
| 3041 Jaguar Valley Dr | 1 bedroom | 1BR,1BA | $2.26 |
| Bromsgate Apartments | 1 Bedroom | 1BR,1BA | $2.17 |
| 2211 Sherobee Road | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | $2.19 |
| 2170 Sherobee Road | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | $2.21 |
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.
Read ArticleFrom 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.
Read ArticleThe 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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A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mississauga is under $1,750.
The cheapest apartment in Mississauga is 2211 Sherobee Road which is listed at $1,599, while the average apartment in Mississauga costs $4,893.
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 360 regular apartments in Mississauga that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Mississauga have an average cost of $713 which is $4,180 cheaper than the average rent for all rentals in Mississauga.
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.
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.
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.
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.
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
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