Cheap Homes for Rent in Alderwood Neighborhood of Toronto, ON from $1,000 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in the Alderwood area of Toronto.

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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 ListingModel NameBed/BathPriced From
Lake Promenade Community1 BEDROOM1BR,1BA$1,725
Sheldon Towers0 Beds, 1 BathsStudio,1BA$1,895
Evans Apartments2 Beds, 1 Baths2BR,1BA$2,290

Best Value Apartments for Rent in Alderwood, ON

As of February 04, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Evans Apartments2 Beds, 1 Baths2BR,1BA$2.59
765 Browns Line765 Brown's Line - Plan E2BR,1BA$3.08
Lake Promenade CommunityTWO BEDROOM2BR,1BA$3.19
Sheldon Towers0 Beds, 1 BathsStudio ,1BA$4.41

Frequently Asked Questions about Alderwood

What type of rentals are currently available in Alderwood?

There are currently 66 Apartments for Rent in Alderwood, ON with pricing that ranges from $1,725 to $3,200. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alderwood ranging from $1,000 to $4,800.

What is the current price range for Rental Homes in Alderwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Alderwood ranges from $1,000 to $4,800 with an average monthly rent of $2,599.

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 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.