Cheap Apartments for Rent with Specials in Toronto, ON from $800 (258 Rentals)

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Rental Listings with Specials.

Cheap Apartments in Toronto.

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15 Bater Ave
Rent Specials
$1,400 - $2,100

Total Monthly Price

Base Rent$1,400 - $2,100

Total Monthly Price$1,400 - $2,100
Studio to 2 Bedroom Apartments Available Now

15 Bater Ave

15 Bater AveToronto, ON M4K 2S4
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650 Parliament St
Rent Specials
$1,400 - $1,800

Total Monthly Price

Base Rent$1,400 - $1,800

Total Monthly PriceVaries
Studio to 1 Bedroom Apartments Available Now

650 Parliament St

650 Parliament StToronto, ON M4X 1P8
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Bel Manor Apartments
Rent Specials
$1,400 - $2,300

Total Monthly Price

Base Rent$1,400 - $2,300

Total Monthly Price$1,400 - $2,300
Studio to 2 Bedroom Apartments Available Now

Bel Manor Apartments

145 Jameson AveToronto, ON M6K 2X4
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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.

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260 Wellesley St E
Rent Specials
$1,450 - $2,950

Total Monthly Price

Base Rent$1,450 - $2,950

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

260 Wellesley St E

260 Wellesley St EToronto, ON M4X 1R2
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WELLINGTON APARTMENTS
Rent Specials
$1,450 - $2,500

Total Monthly Price

Base Rent$1,450 - $2,500

Total Monthly Price$1,450 - $2,500
Studio to 2 Bedroom Apartments Available Now

WELLINGTON APARTMENTS

437 Jarvis StToronto, ON M4Y 2H1
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The Imperial
Rent Specials
$1,450 - $2,550

Total Monthly Price

Base Rent$1,450 - $2,550

Total Monthly Price$1,450 - $2,550
Studio to 2 Bedroom Apartments Available Now

The Imperial

130 Jameson AveToronto, ON M6K 2X4
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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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545 & 555 Sherbourne
Rent Specials
$1,550 - $2,580

Total Monthly Price

Base Rent$1,550 - $2,580

Total Monthly Price$1,550 - $2,580
Studio to 2 Bedroom Apartments Available Now

545 & 555 Sherbourne

545 Sherbourne StToronto, ON M4X 1W6
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Northshore Apartments
Rent Specials
$1,575 - $2,450

Total Monthly Price

Base Rent$1,575 - $2,450

Total Monthly Price$1,575 - $2,450
Studio to 2 Bedroom Apartments Available Now

Northshore Apartments

79 Jameson AveToronto, ON M6K 2X2
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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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Imperial Towers
Rent Specials
$1,579 - $2,500

Total Monthly Price

Base Rent$1,579 - $2,500

Total Monthly Price$1,579 - $2,500
Studio to 2 Bedroom Apartments Available Now

Imperial Towers

90 Tyndall AveToronto, ON M6K 1G3
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869 Avenue Rd
Rent Specials
$1,599

Total Monthly Price

Base Rent$1,599

Total Monthly Price$1,599
Studio Apartments Available Oct 1

869 Avenue Rd

869-875 Avenue RdToronto, ON M5P 2K5
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Northwoods Village
Rent Specials
$1,599 - $2,649

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
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2837 Yonge Street
Rent Specials
$1,599 - $2,499

Total Monthly Price

Base Rent$1,599 - $2,499

Total Monthly Price$1,599 - $2,499
Studio to 2 Bedroom Apartments Available Now

2837 Yonge Street

2837 Yonge StToronto, ON M4N 2J6
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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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The Latimer Apartments
Rent Specials
$1,600 - $1,700

Total Monthly Price

Base Rent$1,600 - $1,700

Total Monthly Price$1,600 - $1,700
Studio to 1 Bedroom Apartments Available Now

The Latimer Apartments

560 Eglinton Ave WToronto, ON M5N 1B8
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100 Alexander Street
Rent Specials
$1,600 - $2,449

Total Monthly Price

Base Rent$1,600 - $2,449

Total Monthly Price$1,600 - $2,449
Studio to 2 Bedroom Apartments Available Now

100 Alexander Street

100 Alexander StToronto, ON M4Y 1B7
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Ava Manor
Rent Specials
$1,609 - $3,457

Total Monthly Price

Base Rent$1,609 - $3,457

Total Monthly Price$1,609 - $3,457
Studio to 3 Bedroom Apartments Available Now

Ava Manor

1862 Bathurst StToronto, ON M5P 3K8
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.

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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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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $1,399.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Marina View Apartments which is listed at $1,400, while the average apartment in Toronto costs $2,572.

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 2,902 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 $1,096 which is $1,476 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 Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.