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Rent Specials
$1,650 - $2,300Studio to 2 Bedroom Apartments Available Now
21 Park Boulevard
21-31 Park BlvdToronto, ON M8W 1G6
Cheap Apartments for Rent in the Alderwood Neighborhood of Toronto, ON from $1,300 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Alderwood area of Toronto.
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$1,699 - $2,499Studio to 2 Bedroom Apartments
765 Browns Line
765 Browns LineToronto, ON M8W 4Z8
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$2,095 - $2,4401 to 3 Bedroom Apartments
Evans Apartments
625 Evans AveToronto, ON M8W 2W5
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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
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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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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$2,475Studio to 3 Bedroom Apartments
Sheldon Towers
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
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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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
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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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 | $1,733 | $1,650 | $1,750 |
| Alderwood 1 Bedroom Apartments | $1,785 | $1,395 | $2,095 |
| Alderwood 2 Bedroom Apartments | $3,030 | $2,300 | $7,070 |
| Alderwood 3 Bedroom Apartments | $2,995 | $2,995 | $2,995 |
| Alderwood 4 Bedroom Apartments | $7,128 | $7,128 | $7,128 |
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 Studio unit found at 21 Park Boulevard priced from $1,650. 765 Browns Line has the second lowest priced unit, which is a Studio apartment currently listed from $1,699. Here are the most affordable Alderwood apartments for rent in Toronto, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 21 Park Boulevard | BACHELOR | Studio,1BA | $1,650 |
| 765 Browns Line | 765 Brown's Line - Plan A | Studio,1BA | $1,699 |
| Evans Apartments | 1 Beds, 1 Baths | 1BR,1BA | $2,095 |
| Sheldon Towers | 2 Beds, 1 Baths | 2BR,1BA | $2,475 |
Best Value Apartments for Rent in Alderwood, ON
As of August 04, 2026 the best value apartment in the Alderwood area is the $2.26 price per square foot 2 Beds, 1 Baths Model at Sheldon Towers in the in the Port Credit neighborhood starting from $2,475. The second greatest value Alderwood apartment is the 2 Beds, 1 Baths Model at Evans Apartments starting at $2,440 with a $2.54 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. |
|---|---|---|---|
| Sheldon Towers | 2 Beds, 1 Baths | 2BR,1BA | $2.26 |
| Evans Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2.54 |
| 21 Park Boulevard | 1 BEDROOM | 1BR,1BA | $3.32 |
| 765 Browns Line | 765 Brown's Line - Plan A | Studio ,1BA | $5.28 |
Frequently Asked Questions about Cheap Alderwood Apartments
What is a cheap apartment in Alderwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Alderwood is under $2,475.
What is the price of a cheap apartment in Alderwood?
The cheapest apartment in Alderwood is 21 Park Boulevard which is listed at $1,825, while the average apartment in Alderwood costs $2,197.
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 8 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
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.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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.