
Cheap Homes for Rent in Alderwood Neighborhood of Toronto, ON from C$1,400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Alderwood area of Toronto.


498 Horner Ave

8-8 Thirty Third St
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.

22 Birchlea Ave

7a Connorvale Ave

36-36 Long Branch Ave
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.

8-8 Thirty Third St
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 | C$2,534 | C$1,800 | C$3,150 |
Alderwood 3 Bedroom Homes for Rent | C$2,900 | C$2,000 | C$3,500 |
Alderwood 4 Bedroom Homes for Rent | C$7,000 | C$7,000 | C$7,000 |
Alderwood 5 Bedroom Homes for Rent | C$5,600 | C$4,700 | C$6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lake Promenade Community | BACHELOR | Studio,1BA | C$1,775 |
Sheldon Towers | 1 Beds, 1 Baths | 1BR,1BA | C$2,075 |
765 Browns Line | 765 Brown's Line - Plan A | 1BR,1BA | C$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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Evans Apartments | 2 Beds, 1 Baths | 2BR,1BA | C$2.88 |
Sheldon Towers | 1 Beds, 1 Baths | 1BR,1BA | C$2.70 |
765 Browns Line | 765 Brown's Line - Plan A | 1BR,1BA | C$4.07 |
Lake Promenade Community | 1 BEDROOM | 1BR,1BA | C$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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
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.