Cheap Senior Apartments for Rent in Toronto, ON from $800 (17 Rentals)

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Senior Living Rental Options.

Cheap Apartments in Toronto.

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St David's Village
$811 - $963Studio to 1 Bedroom Apartments

St David's Village

1290 Danforth RdToronto, ON M1J 3L9
Senior Living
  • Utilities Included
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485 Patricia Ave
$1,250 - $1,4691 to 2 Bedroom Apartments

485 Patricia Ave

485 Patricia AveToronto, ON M2R 2N1
Senior Living
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Martin Way Towers West
$1,750 - $2,3051 to 3 Bedroom Apartments

Martin Way Towers West

695 Martin Grove RdToronto, ON M9R 3T6
Senior Living
  • Utilities Included

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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3091 Eglinton Ave E
$1,775 - $2,1751 to 3 Bedroom Apartments

3091 Eglinton Ave E

3091 Eglinton Ave EToronto, ON M1J 2G1
Senior Living
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24 Eva Road
$1,979 - $2,7501 to 3 Bedroom Apartments

24 Eva Road

24 Eva RdToronto, ON M9C 2B2
Senior Living
  • Utilities Included
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361 The West Mall
$1,979 - $2,7501 to 3 Bedroom Apartments

361 The West Mall

361 The West MallToronto, ON M9C 1E7
Senior Living
  • Utilities Included
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Southcrest Apartments
$1,979 - $2,7501 to 3 Bedroom Apartments

Southcrest Apartments

311 Dixon RdToronto, ON M9R 1S3
Senior Living
  • Utilities Included
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60 Callowhill
$1,979 - $2,7991 to 3 Bedroom Apartments

60 Callowhill

60 Callowhill DrToronto, ON M9R 3L6
Senior Living
  • Utilities Included

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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20 Redgrave Dr
$1,999 - $2,7501 to 3 Bedroom Apartments

20 Redgrave Dr

20 Redgrave DrToronto, ON M9R 3T9
Senior Living
  • Utilities Included
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28 Elizabeth Holdings Inc.
Rent Specials
$1,975 - $2,375

Total Monthly Price

Base Rent$1,975 - $2,375

Total Monthly Price$1,975 - $2,375
1 to 2 Bedroom Apartments Available Sep 30

28 Elizabeth Holdings Inc.

28 Elizabeth St NMississauga, ON L5G 2Z6
Senior Living
  • Verified
  • Utilities Included
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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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5 Ann Street
$1,8971 to 2 Bedroom Apartments

5 Ann Street

5 Ann StMississauga, ON L5G 3E8
Senior Living
  • Utilities Included
  • Smoke Free

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 $1,375.

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 $2,564.

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 2,754 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 $1,063 which is $1,501 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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.