Cheap 1 Bedroom Apartments for Rent in Toronto, ON from $895 (623 Rentals)

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property at 500 Saint Clarens Av

$1,082

Total Monthly Price

Total Monthly Price

Base Rent
$1,082
Total Monthly Price
$1,082

1 Bedroom, 1 Bath Home for Rent

Available Now

500 Saint Clarens Av

TorontoONM6H 3W5
property at 25 Delwood Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Oct 1

25 Delwood Dr

TorontoONM1L 2S4
property at 3 Birchlea Ave

$1,395 - $1,600

1 Bedroom Rentals

Available Now

3 Birchlea Ave

TorontoONM8W 1E8

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.

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650 Parliament St
Rent Specials
$1,400 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $2,150
Total Monthly Price
Varies
1 Bedroom Apartments Available Now

650 Parliament St

650 Parliament StToronto, ON M4X 1P8
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The Park Mills
Rent Specials
$1,499 - $1,899
Total Monthly Price

Total Monthly Price

Base Rent
$1,499 - $2,249
Total Monthly Price
$1,499 - $2,249
1 Bedroom Apartments Available Now

The Park Mills

32 Clayland DrToronto, ON M3A 2A5
Affordability
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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.

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260 Wellesley St E
Rent Specials
$1,550 - $1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $2,950
Total Monthly Price
Varies
1 Bedroom Apartments Available Now

260 Wellesley St E

260 Wellesley St EToronto, ON M4X 1R2
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property at 7 Harris Av

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

7 Harris Av

TorontoONM4C 1P3

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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1524 Bathurst Street
$1,600 - $1,950
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,500
Total Monthly Price
$1,600 - $2,500
1 Bedroom Apartments Available Now

1524 Bathurst Street

1520-1524 Bathurst StToronto, ON M5P 3H3
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property at 1962 Gerrard St E

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

1962 Gerrard St E

TorontoONM4E 2B1

Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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Northshore Apartments
Rent Specials
$1,600 - $1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,575 - $2,450
Total Monthly Price
$1,575 - $2,450
1 Bedroom Apartments Available Now

Northshore Apartments

79 Jameson AveToronto, ON M6K 2X2
Student Housing
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470 Sentinel Road
Rent Specials
$1,629 - $1,869
Total Monthly Price

Total Monthly Price

Base Rent
$1,579 - $2,650
Total Monthly Price
$1,579 - $2,650
1 Bedroom Apartments Contact Us For Availability

470 Sentinel Road

470 Sentinel RdToronto, ON M3J 1V6
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Pharmacy Place
$1,645 - $1,7751 Bedroom Apartments Available Now

Pharmacy Place

263-283 Pharmacy AveToronto, ON M1L 3E7
Affordability
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  • Utilities Included
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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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Toronto, ON Local Guide

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Toronto, ON Rentals by Map

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Toronto, ON Area Reviews

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Dee • 4+ years in Toronto

February 25, 2025

30 years here ... its not impressive working people cant afford rent

Frequently Asked Questions about Cheap Toronto Apartments

What is a cheap apartment in Toronto?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Toronto is under $1,400.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Robina Suites which is listed at $1,399, while the average apartment in Toronto costs $2,538.

What types of apartments are the cheapest in Toronto?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3,096 regular apartments in Toronto that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Toronto?

Cheap apartments in Toronto have an average cost of $1,173 which is $1,365 cheaper than the average rent for all rentals in Toronto.

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

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.