
Cheap Homes for Rent in Alderwood Neighborhood of Toronto, ON from $1,200 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Alderwood area of Toronto.


469 Evans Ave.

496 Horner Ave

496 Horner Ave

15 Thirty Third St

15 Thirty Third St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

521 Browns Line

521 Browns Line

102 Thirty Ninth St

50 Hargrove Ln

50 Hargrove Ln

102 Thirty Ninth 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.
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 | $2,392 | $2,000 | $2,850 |
| Alderwood 3 Bedroom Homes for Rent | $3,707 | $2,900 | $4,750 |
| Alderwood 4 Bedroom Homes for Rent | $4,100 | $4,100 | $4,100 |
| Alderwood 6 Bedroom Homes for Rent | $7,000 | $7,000 | $7,000 |
| Alderwood 7 Bedroom Homes for Rent | $5,250 | $5,250 | $5,250 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 21 Park Boulevard | 1 BEDROOM | 1BR,1BA | $1,725 |
| Sheldon Towers | 0 Beds, 1 Baths | Studio,1BA | $1,750 |
Best Value Apartments for Rent in Alderwood, ON
As of May 31, 2026 the best value apartment in the Alderwood area is the $3.14 price per square foot 1 BEDROOM Model at 21 Park Boulevard in the in the Alderwood neighborhood starting from $1,725. The second greatest value Alderwood apartment is the 0 Beds, 1 Baths Model at Sheldon Towers starting at $1,750 with a $4.07 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. |
|---|---|---|---|
| 21 Park Boulevard | 1 BEDROOM | 1BR,1BA | $3.14 |
| Sheldon Towers | 0 Beds, 1 Baths | Studio ,1BA | $4.07 |
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 $1,725 to $8,275. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alderwood ranging from $1,250 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 $1,250 to $7,000 with an average monthly rent of $3,671.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.