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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 $1,400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Alderwood area of Toronto.
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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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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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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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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 | $1,787 | $1,775 | $1,800 |
| Alderwood 1 Bedroom Apartments | $1,763 | $1,495 | $1,995 |
| Alderwood 2 Bedroom Apartments | $3,953 | $2,275 | $6,423 |
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 1 Bed apartment currently listed from $1,995. 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 | 1 Beds, 1 Baths | 1BR,1BA | $1,995 |
| Evans Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2,290 |
| 765 Browns Line | 765 Brown's Line - Plan B | 2BR,1BA | $2,672 |
Best Value Apartments for Rent in Alderwood, ON
As of December 11, 2025 the best value apartment in the Alderwood area is the $2.85 price per square foot 3 Beds, 1 Baths Model at Sheldon Towers in the in the Port Credit neighborhood starting from $2,850. The second greatest value Alderwood apartment is the 765 Brown's Line - Plan B Model at 765 Browns Line starting at $2,672 with a $3.00 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 | 3 Beds, 1 Baths | 3BR,1BA | $2.85 |
| 765 Browns Line | 765 Brown's Line - Plan B | 2BR,1BA | $3.00 |
| Evans Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2.59 |
| Lake Promenade Community | TWO BEDROOM | 2BR,1BA | $3.19 |
Frequently Asked Questions about Cheap Alderwood Apartments
How much is rent for a Cheap One Bedroom Alderwood Apartment?
The lowest price for a Cheap One Bedroom Alderwood Apartment is $1,725 at Lake Promenade Community.
What is the lowest price for a Cheap Two Bedroom Alderwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Alderwood is starting from $2,190 at Sheldon Towers.
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
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.