Cheap Homes for Rent in Alderwood Neighborhood of Toronto, ON from C$1,400 (7 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 Studio unit found at Lake Promenade Community priced from C$1,775. Sheldon Towers has the second lowest priced unit, which is a 1 Bed apartment currently listed from C$2,075. Here are the most affordable Alderwood apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Lake Promenade CommunityBACHELORStudio,1BAC$1,775
Sheldon Towers1 Beds, 1 Baths1BR,1BAC$2,075
765 Browns Line765 Brown's Line - Plan A1BR,1BAC$2,299

Best Value Apartments for Rent in Alderwood, ON

As of September 09, 2025 the best value apartment in the Alderwood area is the C$2.88 price per square foot 2 Beds, 1 Baths Model at Evans Apartments in the in the Port Credit neighborhood starting from C$2,545. The second greatest value Alderwood apartment is the 1 Beds, 1 Baths Model at Sheldon Towers starting at C$2,075 with a C$2.70 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,1BAC$2.88
Sheldon Towers1 Beds, 1 Baths1BR,1BAC$2.70
765 Browns Line765 Brown's Line - Plan A1BR,1BAC$4.07
Lake Promenade Community1 BEDROOM1BR,1BAC$3.55

Frequently Asked Questions about Alderwood

What type of rentals are currently available in Alderwood?

There are currently 67 Apartments for Rent in Alderwood, ON with pricing that ranges from C$1,725 to C$3,200. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alderwood ranging from C$1,495 to C$7,000.

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 C$1,495 to C$7,000 with an average monthly rent of C$4,504.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.