Basement and Room Available – for 1 or 2 people
26 Monarchwood Crescent
TorontoONM3A 1H4
Cheap Apartments for Rent in Toronto, ON from $700 (876 Rentals)
Search the lowest-cost Apartments available for rent right now in Toronto.
4 Camilla Crescent
TorontoONM1L 1Z1
500 Saint Clarens Av
TorontoONM6H 3W5
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$1,099Studio Apartments Available Now
Bradley Court
280 Dundas St EToronto, ON M5A 3W1
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$1,119 - $2,4991 to 4 Bedroom Apartments Available Sep 3
The Els - Student Living
3070 Ellesmere RdToronto, ON M1E 4C3
1267 King St W
TorontoONM6K 1G9
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$1,150 - $1,200Studio Apartments Available Now
Bradley Courts
266 Sherbourne StToronto, ON M5A 2A2
25 Delwood Dr
TorontoONM1L 2S4
101-103 Spadina Rd
TorontoONM5R 2T1
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$1,250 - $2,295Studio to 2 Bedroom Apartments Contact Us For Availability
York Mills
2275 Victoria Park AveToronto, ON M1R 1W4
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.
612 Mortimer Ave
TorontoONM4C 2J7
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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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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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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
1058 Midland Ave
TorontoONM1K 4G9
Spacious 1 bedroom basement - *Wont Last*
29 Ridware Crescent
TorontoONM1C 3S1
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Rent Specials
$1,350 - $2,100
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,350 - $2,100
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$1,350 - $2,100
1011 Lansdowne Ave Apartments
1011 Lansdowne AveToronto, ON M6H 4G1
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$1,365 - $2,550Studio to 2 Bedroom Apartments Available Now
Yonge Eglinton Apartments
460 Eglinton Ave EToronto, ON M4P 1M3
57 Cowan Ave
TorontoONM6K 2N1
3 Birchlea Ave
TorontoONM8W 1E8
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$1,399 - $2,539Studio to 2 Bedroom Apartments Available Now
Mid-Town Apartments
137 Isabella StToronto, ON M4Y 1P2
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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$1,400 - $2,100
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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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 - $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 - $1,8001 to 2 Bedroom Apartments Available Now
2251 - 2257 Jane Street
2257 Jane StToronto, ON M3L 1K8
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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 - $2,150
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,400 - $2,150
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650 Parliament St
650 Parliament StToronto, ON M4X 1P8
249 Logan Ave
TorontoONM4M 2N2
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$1,400 - $2,195
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$1,400 - $2,195
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$1,400 - $2,195
Terrace Wood
45 Driftwood AveToronto, ON M3N 2M4
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$1,400 - $2,300
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$1,400 - $2,300
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$1,400 - $2,300
Bel Manor Apartments
145 Jameson AveToronto, ON M6K 2X4
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$1,415 - $2,590Studio to 2 Bedroom Apartments Available Now
Park Terraces North & South
3000 Yonge StToronto, ON M4N 2K5
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$1,419 - $2,999
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,419 - $2,999
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$1,419 - $2,999
St. Andrews Towers | 14, 16, 20 Carluke
14, 16, 20 Carluke CresToronto, ON M2L 2H9
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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$1,420 - $1,790Studio to 2 Bedroom Apartments Available Now
Islington Apartments
148 Islington AveToronto, ON M8V 3B6
Islington Apartments
148 Islington Ave
TorontoONM8V 3B6
829 Pape Ave
TorontoONM4K 3T4
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$1,429 - $3,149Studio to 3 Bedroom Apartments Available Now
Crescent Town
7-11 Crescent PlToronto, ON M4C 5C4
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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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Rent Specials
$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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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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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 - $3,200Studio to 3 Bedroom Apartments Available Now
The Citadel
701 Don Mills RdToronto, ON M3C 1R7
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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
52 Laurel Ave
TorontoONM1K 3J5
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.
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$1,470 - $3,500Studio to 4 Bedroom Apartments Available Now
Havenbrook Towers
75 Havenbrook BlvdToronto, ON M2J 1A8
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$1,475 - $1,980Studio to 2 Bedroom Apartments Available Now
200 Roehampton
200 Roehampton AvToronto, ON M4R 1R8
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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
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$1,489 - $1,999Studio to 2 Bedroom Apartments Available Now
Gertrude Suites
787 Vaughan RdToronto, ON M6E 2Z5
Mimico Estates
2527 Lake Shore Blvd W
TorontoONM8V 1E6
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$1,495 - $2,350Studio to 2 Bedroom Apartments Contact Us For Availability
Collegiate Court
481 Vaughan RdToronto, ON M6C 2P4
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$1,495 - $2,250Studio to 2 Bedroom Apartments Contact Us For Availability
Suncrest Court
236 Vaughan RdToronto, ON M6C 2N1
2407 Lake Shore Blvd W
TorontoONM8V 1C5
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$1,495Studio Apartments Contact Us For Availability
Upper Canada Apartments 165
165 Erskine AveToronto, ON M4P 2A1
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.
Showing Results 1-50, Page 1 of 18
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 | $1,909 | $995 | $8,290 |
| Cheap Toronto 1 Bedroom Apartments | $2,374 | $895 | $10,000+ |
| Cheap Toronto 2 Bedroom Apartments | $3,159 | $1,550 | $10,000+ |
| Cheap Toronto 3 Bedroom Apartments | $4,078 | $1,569 | $10,000+ |
| Cheap Toronto 4 Bedroom Apartments | $4,433 | $1,119 | $8,642 |
| Toronto 5 Bedroom Apartments | $16,752 | $8,900 | $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: 08/14/2026Current apartment rentals in the Toronto, ON area range in price from $895 to $24,499 with an overall median price of $2,538. The three Toronto neighborhoods with the lowest median rent pricing are Lawrence Park North at $1,555, Broadview North at $1,809, and Danforth Village East York at $1,860. 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 |
|---|---|---|---|
| Lawrence Park North | $1,555 | $1,415 | 3 |
| Broadview North | $1,809 | $1,400 | 12 |
| Danforth Village East York | $1,860 | $1,295 | 2 |
| Maple Leaf | $1,895 | $1,800 | 9 |
| Mimico | $1,896 | $1,400 | 23 |
| Birchcliffe Cliffside | $1,900 | $1,525 | 62 |
| Playter Estates Danforth | $1,910 | $1,400 | 18 |
| Oakwood Vaughan | $1,922 | $1,300 | 16 |
| Brookhaven Amesbury | $1,927 | $1,500 | 30 |
| New Toronto | $1,937 | $1,420 | 10 |
Cheapest Available Toronto Apartments for Rent
The cheapest available apartment rental in Toronto, ON is a Studio unit found at Bradley Court in the Church Yonge Corridor neighborhood priced from $1,099. Bradley Courts in the Church Yonge Corridor neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here is today’s list of the most affordable Toronto apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bradley Court | 0 Bedroom(s) and 1 Bathroom(s) | Studio,1BA | $1,099 |
| Bradley Courts | Bachelor without Balcony | Studio,1BA | $1,150 |
| 3141 Jaguar Valley | Bachelor | Studio,1BA | $1,285 |
| 256-262 Sherbourne St. | 0 Bedroom(s) and 1 Bathroom(s) | Studio,1BA | $1,299 |
| 440 Winona Drive | Bachelor | Studio,1BA | $1,300 |
| 1011 Lansdowne Ave Apartments | Studio | Studio,1BA | $1,350 |
| Mid-Town Apartments | Bachelor B1 | Studio,1BA | $1,399 |
| Robina Suites | One Bedroom | 1BR,1BA | $1,399 |
| The Quad at York Phase 2 | 2-2S2 | 2BR,2BA | $1,399 |
| Terrace Wood | Studio | Studio,1BA | $1,400 |
Best Value Apartments for Rent in Toronto, ON
As of August 14, 2026 the best value apartment in the Toronto area is the $1.61 price per square foot 3 Beds, 1 Baths Model at Bloor and Havenwood Townhomes in the in the Mississauga Centre Streetsville neighborhood starting from $2,795. The second greatest value Toronto apartment is the 2 Beds, 1 Baths Model at Cassandra Townhomes starting at $2,595 with a $1.94 price per square foot in the Banbury Don Mills York Mills 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. |
|---|---|---|---|
| Bloor and Havenwood Townhomes | 3 Beds, 1 Baths | 3BR,1BA | $1.61 |
| Cassandra Townhomes | 2 Beds, 1 Baths | 2BR,1BA | $1.94 |
| Pickering Place Apartments | 3 Beds, 1 Baths | 3BR,1BA | $1.89 |
| Oakview Heights | 2 Bedroom - Renovated | 2BR,1BA | $1.94 |
| 38 Dixington Crescent | 2 Beds, 1 Bath | 2BR,1BA | $1.74 |
| Grange Apartments | Renovated Two Bedroom | 2BR,1BA | $1.98 |
| Richview Terrace | 1 Bedroom | 1BR,1BA | $1.86 |
| Heath Residences | 1 Bedroom | 1BR,1BA | $1.85 |
| 630 Roselawn Apartments | 1 bedroom | 1BR,1BA | $1.78 |
| Royal Palace Apartments | 1 Bed, 1 bath | 1BR,1BA | $2.06 |
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.
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 $1,400.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.
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.