Cheap Homes for Rent in Alderwood Neighborhood of Toronto, ON from $1,000 (16 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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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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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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. Sheldon Towers has the second lowest priced unit, which is a Studio apartment currently listed from $1,795. Here are the most affordable Alderwood apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
21 Park BoulevardBACHELORStudio,1BA$1,650
Sheldon Towers0 Beds, 1 BathsStudio,1BA$1,795
765 Browns Line2 Bed Promotional Price2BR,1BA$2,230
Evans Apartments2 Beds, 1 Baths2BR,1BA$2,290

Best Value Apartments for Rent in Alderwood, ON

As of March 23, 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 $2,549 with a $3.02 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$3.02
21 Park BoulevardTWO BEDROOM2BR,1BA$3.19
Sheldon Towers0 Beds, 1 BathsStudio ,1BA$4.17

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 $1,650 to $9,141. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alderwood ranging from $1,000 to $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 $1,000 to $7,000 with an average monthly rent of $3,446.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.