Cheap 2 Bedroom Apartments for Rent in Toronto, ON from $1,425 (62 Rentals) Page 2 of 2

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506 Danforth Rd
$1,8992 Bedroom Apartments

506 Danforth Rd

506 Danforth RdToronto, ON M1K 1C6
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Dawes Apartments
$1,8992 Bedroom Apartments

Dawes Apartments

508 Dawes RdToronto, ON M4B 2G4
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327 Dixon Rd
$1,900 - $2,1002 Bedroom Apartments

327 Dixon Rd

327 Dixon RdToronto, ON M9R 1S4
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333 Dixon Road
$1,900 - $2,2002 Bedroom Apartments

333 Dixon Road

333 Dixon RdToronto, ON M9R 1S5
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2255 Jane St
$1,9002 Bedroom Apartments

2255 Jane St

2255 Jane StToronto, ON M3L 1K8

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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2251 Jane St
$1,9002 Bedroom Apartments

2251 Jane St

2251 Jane StToronto, ON M3L 1K8
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4854 Bathurst St
$1,9002 Bedroom Apartments

4854 Bathurst St

4854 Bathurst StToronto, ON M2R 1X5
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2548 Kipling
$1,9002 Bedroom Apartments

2548 Kipling

2548 Kipling AveToronto, ON M9V 3B1
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Royaltown
$1,900 - $2,4002 Bedroom Apartments

Royaltown

3700 Lawrence Ave EToronto, ON M1G 3T2
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118 Robinson St
$1,7502 Bedroom Apartments

118 Robinson St

118 Robinson StMarkham, ON L3P 1P1
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Riverview Apartments
$1,8002 Bedroom Apartments

Riverview Apartments

3065 Jaguar Valley DrMississauga, ON L5A 2J5
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Renting Smart: Lease Basics Every Renter Needs

Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

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 $1,350.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is 24 2nd Street Apartments which is listed at $800, while the average apartment in Toronto costs $5,860.

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 3,316 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 $1,245 which is $4,615 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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

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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.

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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.