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Rent Specials
$1,725 - $2,300Studio to 2 Bedroom Apartments Available Now
Lake Promenade Community
21-31 Park BlvdToronto, ON M8W 1G6
Cheap Apartments for Rent in the Alderwood Neighborhood of Toronto, ON from $1,700 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Alderwood area of Toronto.
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$2,2901 to 3 Bedroom Apartments
Evans Apartments
625 Evans AveToronto, ON M8W 2W5
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$2,529 - $2,599Studio to 2 Bedroom Apartments
765 Browns Line
765 Browns LineToronto, ON M8W 4Z8
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1 to 2 Bedroom Apartments
5-11 Birchlea Ave
5-11 Birchlea AveToronto, ON M8W 1E8
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Studio Apartments
One Sherway Condominiums
205-215 Sherway Gardens RdToronto, ON M9C 0A3
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Studio to 2 Bedroom Apartments
9-15 33rd St
9-15 33rd StToronto, ON M8W 1P4
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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1 to 2 Bedroom Apartments
One Sherway
235 Sherway Gardens RdToronto, ON M9C 0A3
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Studio Apartments
Lakeshore Towers
3621 Lake Shore Blvd WToronto, ON M8W 4W1
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Studio Apartments
One Sherway Condos
225 Sherway Gardens RdToronto, ON M9C 0A3
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$1,895 - $2,950Studio to 3 Bedroom Apartments
270 Sheldon Ave
270 Sheldon AveToronto, ON M8W 2S3
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1 to 2 Bedroom Apartments
Jubilee Center
256 Sheldon AveToronto, ON M8W 4X8
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Studio Apartments
3845 Lake Shore Blvd W
3845 Lake Shore Blvd WToronto, ON M8W 1R3
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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Studio Apartments
Watermark by the Lake
3569 Lake Shore Blvd WToronto, ON M8W 1P4
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1 to 2 Bedroom Apartments
618 Evans Ave
618 Evans AveToronto, ON M8W 2W6
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Studio Apartments
Alderwood Towers Apt Ltd
785 Browns LineToronto, ON M8W 3V8
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Studio Apartments
Aquaview Condominiums
3857-3865 Lake Shore Blvd WToronto, ON M8W 3P7
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Studio Apartments
Lakeshore Towers
3625 Lake Shore Blvd WToronto, ON M8W 4W2
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1 to 2 Bedroom Apartments
3531 Lake Shore Blvd W
3531 Lake Shore Blvd WToronto, ON M8W 1P4
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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Studio to 3 Bedroom Apartments
B-Line Condos
408 Brown LineToronto, ON M8W 3T8
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1 to 2 Bedroom Apartments
1 Birchlea Ave
1 Birchlea AveToronto, ON M8W 1E8
Showing Results 1-20, Page 1 of 1
Alderwood, Toronto, ON Local Guide
How much does it cost to rent an apartment in Alderwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alderwood Studio Apartments | $1,841 | $1,775 | $1,895 |
| Alderwood 1 Bedroom Apartments | $1,800 | $1,725 | $1,875 |
| Alderwood 2 Bedroom Apartments | $2,592 | $2,275 | $3,200 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Alderwood Neighborhood of Toronto, ON.
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Cheapest Available Alderwood Apartments for Rent
The cheapest available apartment rental in the Alderwood area of Toronto, ON is a 1 Bed unit found at Lake Promenade Community priced from $1,725. Sheldon Towers has the second lowest priced unit, which is a Studio apartment currently listed from $1,895. Here are the most affordable Alderwood apartments for rent in Toronto, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Promenade Community | 1 BEDROOM | 1BR,1BA | $1,725 |
| Sheldon Towers | 0 Beds, 1 Baths | Studio,1BA | $1,895 |
| Evans Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2,290 |
| 765 Browns Line | 765 Brown's Line - Plan B | 2BR,1BA | $2,529 |
Best Value Apartments for Rent in Alderwood, ON
As of January 31, 2026 the best value apartment in the Alderwood area is the $2.59 price per square foot 2 Beds, 1 Baths Model at Evans Apartments in the in the Port Credit neighborhood starting from $2,290. The second greatest value Alderwood apartment is the 765 Brown's Line - Plan E Model at 765 Browns Line starting at $2,599 with a $3.08 price per square foot in the Port Credit neighborhood. Here is today’s list of the best values for Alderwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Evans Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2.59 |
| 765 Browns Line | 765 Brown's Line - Plan E | 2BR,1BA | $3.08 |
| Lake Promenade Community | TWO BEDROOM | 2BR,1BA | $3.19 |
| Sheldon Towers | 0 Beds, 1 Baths | Studio ,1BA | $4.41 |
Frequently Asked Questions about Cheap Alderwood Apartments
What types of apartments are the cheapest in Alderwood?
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 3 regular apartments in Alderwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.