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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
Cheap Short Term Lease Apartments for Rent in Toronto, ON from $700 (6 Rentals)
Short Term Rental Options.
Cheap Apartments in Toronto.
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$1,730 - $2,000Studio Apartments Available Now
177 St. George Street
177 St George StToronto, ON M5R 2M5
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$1,805 - $3,030
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,805 - $3,030
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$1,805 - $3,030
20 Samuel Wood
20 Samuel Wood WayToronto, ON M9B 0C8
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.
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$1,840 - $5,500
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,840 - $5,500
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$1,840 - $5,500
Mirvish Village
748 Bathurst StToronto, ON M5S 0C7
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$1,600Studio to 2 Bedroom Apartments
95 Pembroke St
95 Pembroke StToronto, ON M5A 2N9
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$1,800 - $2,500Studio to 1 Bedroom Apartments
135 Earl Pl
135 Earl PlToronto, ON M4Y 1M4
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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Toronto, ON Local Guide
How much does it cost to rent an apartment in Toronto?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Toronto Studio Apartments | $1,938 | $1,045 | $8,486 |
| Toronto 1 Bedroom Apartments | $2,460 | $895 | $10,000+ |
| Toronto 2 Bedroom Apartments | $3,222 | $900 | $10,000+ |
| Toronto 3 Bedroom Apartments | $4,092 | $1,569 | $10,000+ |
| Toronto 4 Bedroom Apartments | $5,079 | $1,384 | $10,000+ |
| Toronto 5 Bedroom Apartments | $19,393 | $8,639 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Toronto, ON Local Guide
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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.
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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 $1,387.
What is the price of a cheap apartment in Toronto?
The cheapest apartment in Toronto is 2346 Weston which is listed at $1,387, while the average apartment in Toronto costs $5,848.
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 3,414 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 $1,316 which is $4,532 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
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.