Cheap 1 Bedroom Apartments for Rent in Toronto, ON from C$890 (238 Rentals) Page 3 of 5

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Toronto is under C$1,500.

The cheapest apartment in Toronto is Carrying Place Vista which is listed at C$1,313, while the average apartment in Toronto costs C$3,339.

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 12 regular apartments in Toronto that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Cheap apartments in Toronto have an average cost of C$278 which is C$3,061 cheaper than the average rent for all rentals in Toronto.