Cheap Apartments for Rent with Specials in Toronto, ON from $700 (175 Rentals)

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Rental Listings with Specials.

Cheap Apartments in Toronto.

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650 Parliament St
Rent Specials
$1,400 - $2,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $2,400
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Studio to 2 Bedroom Apartments Available Now

650 Parliament St

650 Parliament StToronto, ON M4X 1P8
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21 Welsford Gdns
Rent Specials
$1,449 - $2,699
Total Monthly Price

Total Monthly Price

Base Rent
$1,449 - $2,699
Total Monthly Price
$1,449 - $2,699
Studio to 3 Bedroom Apartments Available Now

21 Welsford Gdns

21 Welsford GdnsToronto, ON M3A 2P6
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260 Wellesley St E
Rent Specials
$1,450 - $2,950
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $2,950
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

260 Wellesley St E

260 Wellesley St EToronto, ON M4X 1R2
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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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Ava Manor
Rent Specials
$1,499 - $3,457
Total Monthly Price

Total Monthly Price

Base Rent
$1,499 - $3,457
Total Monthly Price
$1,499 - $3,457
Studio to 3 Bedroom Apartments Available Now

Ava Manor

1862 Bathurst StToronto, ON M5P 3K8
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Clearview on the Park
Rent Specials
$1,500 - $2,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,000
Total Monthly Price
$1,500 - $2,000
Studio to 2 Bedroom Apartments Available Now

Clearview on the Park

31 Clearview HtsToronto, ON M6M 2A2
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30 Springhurst Ave
Rent Specials
$1,500 - $2,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,150
Total Monthly Price
$1,500 - $2,150
Studio to 1 Bedroom Apartments Available Now

30 Springhurst Ave

30 Springhurst AveToronto, ON M6K 1B3
Student Housing
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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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470 Sentinel Road
Rent Specials
$1,579 - $2,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,579 - $2,650
Total Monthly Price
$1,579 - $2,650
Studio to 3 Bedroom Apartments Contact Us For Availability

470 Sentinel Road

470 Sentinel RdToronto, ON M3J 1V6
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Huntley Apartments
Rent Specials
$1,590 - $2,580
Total Monthly Price

Total Monthly Price

Base Rent
$1,590 - $2,580
Total Monthly Price
$1,590 - $2,580
Studio to 2 Bedroom Apartments Available Now

Huntley Apartments

77 Huntley StToronto, ON M4Y 2L1
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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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545 & 555 Sherbourne
Rent Specials
$1,590 - $2,580
Total Monthly Price

Total Monthly Price

Base Rent
$1,590 - $2,580
Total Monthly Price
$1,590 - $2,580
Studio to 2 Bedroom Apartments Available Now

545 & 555 Sherbourne

545 Sherbourne StToronto, ON M4X 1W6
Student Housing
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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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Northwoods Village
Rent Specials
$1,599 - $2,649
Total Monthly Price

Total Monthly Price

Base Rent
$1,599 - $2,649
Total Monthly Price
$1,599 - $2,649
Studio to 4 Bedroom Apartments Available Now

Northwoods Village

32-51 Brookwell DrToronto, ON M3M 2Y1
Student Housing
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Toronto, ON Local Guide

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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Quick Rent Budget Calculator

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.

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Location, Location, Location!

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Toronto, ON Area Reviews

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Dee • 4+ 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 $1,375.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is 25 Mabelle which is listed at $1,220, while the average apartment in Toronto costs $6,589.

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 3,181 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 $1,196 which is $5,393 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

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.