Basement and Room Available – for 1 or 2 people
26 Monarchwood Crescent
TorontoONM3A 1H4
Cheap Apartments for Rent in Toronto, ON from $700 (855 Rentals)
Search the lowest-cost Apartments available for rent right now in Toronto.
4 Camilla Crescent
TorontoONM1L 1Z1
2294 Lake Shore Blvd W
TorontoONM8V 1B4
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$1,019 - $2,4991 to 4 Bedroom Apartments Available Sep 3
The Els - Student Living
3070 Ellesmere RdToronto, ON M1E 4C3
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$1,045Studio Apartments Available Now
Bradley Court
280 Dundas St EToronto, ON M5A 3W1
15 Shawford Crescent
TorontoONM1G 1V7
116 Dorcot Ave
TorontoONM1P 3K8
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$1,200Studio Apartments Available Now
Bradley Courts
266 Sherbourne StToronto, ON M5A 2A2
101-103 Spadina Rd
TorontoONM5R 2T1
492 Montrose Ave
TorontoONM6G 3H1
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.
7 Harris Av
TorontoONM4C 1P3
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$1,295 - $3,050Studio to 3 Bedroom Apartments Available Now
90 Eastdale
90 Eastdale AveToronto, ON M4C 2G5
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$1,299
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Studio Apartments Available NowTotal Monthly Price
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$1,299
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$1,299
256-262 Sherbourne St.
256 Sherbourne StToronto, ON M5A 2A2
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$1,300 - $2,300
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$1,300 - $2,300
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$1,300 - $2,300
440 Winona Drive
440 Winona DrToronto, ON M6E 3P9
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$1,300 - $2,150
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$1,300 - $2,150
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650 Parliament St
650 Parliament StToronto, ON M4X 1P8
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$1,329 - $3,149Studio to 3 Bedroom Apartments Available Now
Crescent Town
7-11 Crescent PlToronto, ON M4C 5C4
1058 Midland Ave
TorontoONM1K 4G9
Spacious 1 bedroom basement - *Wont Last*
29 Ridware Crescent
TorontoONM1C 3S1
50 Laurel Ave
TorontoONM1K 3J5
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$1,350 - $2,500
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$1,350 - $2,500
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$1,350 - $2,500
1011 Lansdowne Ave Apartments
1011 Lansdowne AveToronto, ON M6H 4G1
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.
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$1,387 - $1,8981 Bedroom Apartments Available Now
2346 Weston
2346 Weston RdToronto, ON M9N
326 High Park Av
TorontoONM6P 2S7
26 Rockvale Ave
TorontoONM6E 3A9
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$1,400 - $2,300Studio to 2 Bedroom Apartments Available Now
Bel Manor Apartments
145 Jameson AveToronto, ON M6K 2X4
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$1,400 - $2,800
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$1,400 - $2,800
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$1,400 - $2,800
22 Oakmount
22 Oakmount RdToronto, ON M6P 2M7
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$1,400 - $1,9001 to 2 Bedroom Apartments Available Now
2251 - 2257 Jane Street
2257 Jane StToronto, ON M3L 1K8
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$1,400 - $2,100
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$1,400 - $2,100
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$1,400 - $2,100
15 Bater Ave
15 Bater AveToronto, ON M4K 2S4
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$1,400 - $1,7001 Bedroom Apartments Available Now
Marina View Apartments
2303-2307 Lake Shore Blvd WToronto, ON M8V 1A7
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$1,400 - $1,695Studio to 1 Bedroom Apartments Available Now
Dundonald Arms
49 Dundonald StToronto, ON M4Y 1K3
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$1,425 - $1,980Studio to 2 Bedroom Apartments Available Now
200 Roehampton
200 Roehampton AvToronto, ON M4R 1R8
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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$1,439 - $2,454Studio to 2 Bedroom Apartments Available Now
103 & 105 West Lodge
103-105 W Lodge AveToronto, ON M6K 2T7
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$1,449 - $1,800
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$1,449 - $1,800
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$1,449 - $1,800
Six Points Suites | 40 Trethewey Dr
40 Trethewey DrToronto, ON M6M 4B1
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$1,450 - $2,950
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,450 - $2,950
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260 Wellesley St E
260 Wellesley St EToronto, ON M4X 1R2
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$1,450 - $2,500
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$1,450 - $2,500
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$1,450 - $2,500
WELLINGTON APARTMENTS
437 Jarvis StToronto, ON M4Y 2H1
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$1,450 - $2,050
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$1,450 - $2,050
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$1,450 - $2,050
Clearview on the Park
31 Clearview HtsToronto, ON M6M 2A2
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$1,450 - $2,550
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$1,450 - $2,550
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$1,450 - $2,550
The Imperial
130 Jameson AveToronto, ON M6K 2X4
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$1,450 - $2,800Studio to 3 Bedroom Apartments Available Now
The Citadel
701 Don Mills RdToronto, ON M3C 1R7
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$1,450 - $1,705Studio to 1 Bedroom Apartments Available Now
Upper Canada Court, East
160 Erskine AvToronto, ON M4P 1Z3
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$1,465 - $2,790Studio to 2 Bedroom Apartments Available Now
Brentwood Towers
23 Lascelles BlvdToronto, ON M4V 1Z6
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$1,470 - $3,100Studio to 4 Bedroom Apartments Available Now
Havenbrook Towers
75 Havenbrook BlvdToronto, ON M2J 1A8
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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$1,485 - $2,870Studio to 2 Bedroom Apartments Available Now
680 Roselawn Avenue
680 Roselawn AveToronto, ON M5N 1L3
214 Wellesley St E
TorontoONM4X 1G2
Mimico Estates
2527 Lake Shore Blvd W
TorontoONM8V 1E6
2407 Lake Shore Blvd W
TorontoONM8V 1C5
10 Maxim Cres
TorontoONM1P 1Y2
4 Dignam Ct
TorontoONM1J 2C5
2107 Yonge St
TorontoONM4S 2A4
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$1,499 - $3,457
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,499 - $3,457
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$1,499 - $3,457
Ava Manor
1862 Bathurst StToronto, ON M5P 3K8
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$1,499 - $1,899Studio to 1 Bedroom Apartments Available Now
Serena Court
2202 Weston RdToronto, ON M9N 1Y1
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$1,499 - $2,099Studio to 2 Bedroom Apartments Available Now
Gertrude Suites
787 Vaughan RdToronto, ON M6E 2Z5
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.
Toronto, ON Local Guide
How much does it cost to rent an apartment in Toronto?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Toronto Studio Apartments | $2,050 | $1,045 | $7,264 |
| Cheap Toronto 1 Bedroom Apartments | $2,528 | $895 | $10,000+ |
| Cheap Toronto 2 Bedroom Apartments | $3,263 | $1,350 | $10,000+ |
| Cheap Toronto 3 Bedroom Apartments | $4,078 | $1,569 | $10,000+ |
| Cheap Toronto 4 Bedroom Apartments | $5,413 | $1,019 | $10,000+ |
| Toronto 5 Bedroom Apartments | $14,610 | $1,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Toronto
See all Apartments in TorontoExplore Toronto
Toronto, ON Local Guide
Written By:
Staff Writer Local Guide Expert
- Toronto Neighborhoods
- Nearby Cities
Cheapest Neighborhoods for Apartments in Toronto, ON
Pricing Updated: 06/26/2026Current apartment rentals in the Toronto, ON area range in price from $895 to $41,130 with an overall median price of $5,748. The three Toronto neighborhoods with the lowest median rent pricing are Keelesdale Eglinton West at $1,599, Woodbine Lumsden at $1,295, and Mount Dennis at $1,599. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Toronto Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Keelesdale Eglinton West | $1,599 | $1,599 | 2 |
| Woodbine Lumsden | $1,900 | $1,295 | 4 |
| Mount Dennis | $1,941 | $1,599 | 2 |
| Playter Estates Danforth | $2,150 | $1,400 | 19 |
| Broadview North | $2,200 | $1,400 | 13 |
| Lawrence Park North | $2,210 | $1,555 | 2 |
| Oakwood Vaughan | $2,228 | $1,300 | 16 |
| Ionview | $2,443 | $1,599 | 16 |
| Rockcliffe Smythe | $2,500 | $1,850 | 7 |
| Bayview Village | $2,590 | $1,800 | 6 |
Cheapest Available Toronto Apartments for Rent
The cheapest available apartment rental in Toronto, ON is a Studio unit found at 7-9 Homewood Ave in the Cabbagetown S St James Town neighborhood priced from $1,025. Bradley Court in the Church Yonge Corridor neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,045. Here is today’s list of the most affordable Toronto apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 7-9 Homewood Ave | Room | Studio,1BA | $1,025 |
| Bradley Court | Bachelor | Studio,1BA | $1,045 |
| Bradley Courts | Bachelor with Balcony | Studio,1BA | $1,200 |
| Bell Tower Residences | 1 BR | 1BR,1BA | $1,285 |
| 90 Eastdale | Suite 114 | Studio,1BA | $1,295 |
| 256-262 Sherbourne St. | 0 Bedroom(s) and 1 Bathroom(s) | Studio,1BA | $1,299 |
| 440 Winona Drive | Bachelor | Studio,1BA | $1,300 |
| 650 Parliament St | Studio, 1 bath | Studio,1BA | $1,300 |
| Crescent Town | Bachelor | Studio,1BA | $1,329 |
| 1011 Lansdowne Ave Apartments | Studio | Studio,1BA | $1,350 |
Best Value Apartments for Rent in Toronto, ON
As of June 26, 2026 the best value apartment in the Toronto area is the $0.78 price per square foot Deluxe Suite Model at Campus Gate Residence's in the in the Agincourt Malvern neighborhood starting from $1,395. The second greatest value Toronto apartment is the 3 Beds, 1 Baths Model at Bloor and Havenwood Townhomes starting at $2,695 with a $1.55 price per square foot in the Mississauga Centre Streetsville neighborhood. Here is today’s list of the best values for Toronto apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Campus Gate Residence's | Deluxe Suite | 6BR,3BA | $0.78 |
| Bloor and Havenwood Townhomes | 3 Beds, 1 Baths | 3BR,1BA | $1.55 |
| 85 Henderson Avenue Townhomes | 3 Beds, 1 Baths | 3BR,1BA | $1.91 |
| Bathville Towers | 3 Bedroom | 3BR,1.5BA | $1.97 |
| Heath Residences | 3 Bedroom | 3BR,1.5BA | $1.96 |
| 60-64 Henley Cres | 2 bedroom + den | 2BR,1BA | $2.00 |
| Cassandra Townhomes | 2 Beds, 1 Baths | 2BR,1BA | $2.02 |
| Pickering Place Apartments | 3 Beds, 1 Baths | 3BR,1BA | $1.87 |
| 53 Thorncliffe Park Drive | One Bedroom Apartment | 1BR,1BA | $1.92 |
| 630 Roselawn Apartments | 1 bedroom | 1BR,1BA | $1.78 |
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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How much rent can you afford?
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.
Toronto Overview
Toronto is a fantastic place to call home. With thousands of available rentals all over the city, find your perfect new place with ease!
Why live in Toronto, ON?
There are a number of reasons that folks living in apartments in Toronto, and people in general, enjoy living in Toronto. It is a true melting pot of cultures, it has a variety of beautiful green spaces and entertainment options, and its a good place to get a job. Citizens of Toronto also enjoy a high quality of life, excellent health care and education prospects, and a high-octane public transportation system to get from A to B. If you enjoy that bustling big-city feel, Toronto is probably for you.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Toronto, ON Rentals by Map
See the most popular apartments and homes in Toronto, ON
Toronto, ON Area Reviews
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Dee • 4+ years in Toronto
February 25, 202530 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 Bell Tower Residences which is listed at $1,285, while the average apartment in Toronto costs $5,748.
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 3,002 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 $1,177 which is $4,571 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
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.
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.
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.