Cheap 1 Bedroom Apartments for Rent in Toronto, ON from $895 (538 Rentals) Page 2 of 11

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Pharmacy Place
$1,695 - $1,7261 Bedroom Apartments Available Now

Pharmacy Place

263-283 Pharmacy AveToronto, ON M1L 3E7
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Royale Towers
$1,6991 Bedroom Apartments Available Now

Royale Towers

335 Van Horne AveToronto, ON M2J 3K3
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Godstone Place
$1,699 - $1,7291 Bedroom Apartments Available Now

Godstone Place

30 Godstone RdToronto, ON M2J 2Z7
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26 Sloane Avenue
Rent Specials
$1,729 - $1,899
Total Monthly Price

Total Monthly Price

Base Rent
$1,729 - $2,329

Total Monthly Price
$1,729 - $2,329
1 Bedroom Apartments Available Now

26 Sloane Avenue

26 Sloane AvToronto, ON M4A 2A4
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Goldengate Apartments
Rent Specials
$1,739 - $1,769
Total Monthly Price

Total Monthly Price

Base Rent
$1,739 - $2,399

Total Monthly Price
$1,739 - $2,399
1 Bedroom Apartments Available Now

Goldengate Apartments

1770-1790 Eglinton Av EToronto, ON M4A 2T3
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890 Mount Pleasant Apartments
$1,7451 Bedroom Apartments Available Apr 1

890 Mount Pleasant Apartments

890 Mt Pleasant RdToronto, ON M4P 2L4
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The Sheldrake
Rent Specials
$1,749
Total Monthly Price

Total Monthly Price

Base Rent
$1,699 - $1,749

Total Monthly Price
$1,699 - $1,749
1 Bedroom Apartments Available Now

The Sheldrake

1 Homewood AvToronto, ON M4Y 2J8
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Castlegate Apartments
Rent Specials
$1,750 - $2,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $2,750

Total Monthly Price
$1,550 - $2,750
1 Bedroom Apartments Available Now

Castlegate Apartments

39-45 Parkcrest DrToronto, ON M1M 3S6
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Centennial Towers
Rent Specials
$1,750 - $2,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $3,500

Total Monthly Price
$1,750 - $3,500
1 Bedroom Apartments Available Now

Centennial Towers

65 Thorncliffe Park DrToronto, ON M4H 1L2
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Altair
Rent Specials
$1,760 - $1,950
Total Monthly Price

Total Monthly Price

Base Rent
$1,760 - $2,990

Total Monthly Price
$1,760 - $2,990
1 Bedroom Apartments Available Now

Altair

15 Martha Eaton WayToronto, ON M6M 5B5
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Rexlington Heights
Rent Specials
$1,779 - $1,899
Total Monthly Price

Total Monthly Price

Base Rent
$1,779 - $2,679

Total Monthly Price
$1,779 - $2,679
1 Bedroom Apartments Available Now

Rexlington Heights

9-27 Bergamot AveToronto, ON M9W 3X1
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Toronto, ON Area Reviews

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Dee4+ 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 $1,495.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Carrying Place Vista which is listed at $1,387, while the average apartment in Toronto costs $4,917.

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 2,740 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 $1,273 which is $3,644 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

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.