
Cheap Homes for Rent in the Alderwood Neighborhood of Toronto, ON from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Alderwood area of Toronto.


498 Horner Ave, Unit 4

498 Horner Ave, Unit 4

102 Thirty Ninth St

102 Thirty Ninth St

8 Thirty Third St
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.

8 Thirty Third St

79A Laburnham Ave

79A Laburnham Ave

11 Thirty Third St, Unit 204

11 Thirty Third St, Unit 204

9 Thirty Third St, Unit 106
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.

9 Thirty Third St, Unit 106
Alderwood, Toronto, ON Local Guide
How much does it cost to rent a home in Alderwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alderwood 2 Bedroom Homes for Rent | $2,574 | $1,950 | $3,400 |
| Alderwood 3 Bedroom Homes for Rent | $3,654 | $850 | $5,800 |
| Alderwood 5 Bedroom Homes for Rent | $5,488 | $5,488 | $5,488 |
| Alderwood 7 Bedroom Homes for Rent | $5,250 | $5,250 | $5,250 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Alderwood Neighborhood of Toronto, ON.
Explore Toronto
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 $1,750. Evans Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,095. 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 | $1,750 |
| 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 July 26, 2026 the best value apartment in the Alderwood area is the $2.80 price per square foot 3 Beds, 1 Baths Model at Sheldon Towers in the in the Port Credit neighborhood starting from $2,795. 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 | 3 Beds, 1 Baths | 3BR,1BA | $2.80 |
| Evans Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2.54 |
| 21 Park Boulevard | TWO BEDROOM | 2BR,1BA | $3.22 |
Frequently Asked Questions about Alderwood
What type of rentals are currently available in Alderwood?
There are currently 68 Apartments for Rent in Alderwood, ON with pricing that ranges from $1,395 to $7,228. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alderwood ranging from $850 to $5,800.
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 $850 to $5,800 with an average monthly rent of $3,743.
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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.