Cheap Student Apartments for Rent in Toronto, ON from $400 (45 Rentals)

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Student Housing Options in Toronto.

Cheap Apartments in Toronto.

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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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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Deciding Between a Student Apartment or a Dorm?

If you have the option of living off campus in your own apartment...that is the sure fire way to go! Learn a few reasons why. Click below to read more.

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103 Spadina Rd
$1,100 - $1,250Studio to 3 Bedroom Apartments

103 Spadina Rd

103 Spadina RdToronto, ON M5R 2T1
Student Housing
  • Utilities Included
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26 Gulliver Road
$1,350 - $2,500Studio to 2 Bedroom Apartments

26 Gulliver Road

26 Gulliver RdToronto, ON M6M 2N2
Student Housing
  • Utilities Included
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1011 Lansdowne Ave Apartments
$1,350 - $2,500Studio to 2 Bedroom Apartments

1011 Lansdowne Ave Apartments

1011 Lansdowne AveToronto, ON M6H 4G1
Student Housing
  • Utilities Included
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The Quad at York Phase 2
$1,399 - $1,8491 to 4 Bedroom Apartments

The Quad at York Phase 2

95 The Pond RdToronto, ON M3J 0L1
Student Housing
  • Utilities Included
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44 Huntley St
$1,495 - $1,645Studio to 2 Bedroom Apartments

44 Huntley St

44 Huntley StToronto, ON M4Y 1P2
Student Housing
  • Utilities Included
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Avant | Student Living
$1,515 - $2,750Studio to 3 Bedroom Apartments

Avant | Student Living

50 Gerrard St EToronto, ON M5B 1J6
Student Housing
  • Utilities Included
  • Smoke Free

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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Northwoods Village
$1,599 - $2,599Studio to 4 Bedroom Apartments

Northwoods Village

32-51 Brookwell DrToronto, ON M3M 2Y1
Student Housing
  • Utilities Included
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95 Pembroke St
$1,600Studio to 2 Bedroom Apartments

95 Pembroke St

95 Pembroke StToronto, ON M5A 2N9
Student Housing
  • Utilities Included
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Toronto Furnished Living
$1,625 - $1,845Studio Apartments

Toronto Furnished Living

100 Pembroke StToronto, ON M5A 3Z1
Student Housing
  • Utilities Included
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The Sheldrake
$1,749Studio to 1 Bedroom Apartments

The Sheldrake

1 Homewood AvToronto, ON M4Y 2J8
Student Housing
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2311 Lake Shore Blvd W
$1,800 - $1,850Studio to 1 Bedroom Apartments

2311 Lake Shore Blvd W

2311 Lake Shore Blvd WToronto, ON M8V 1A6
Student Housing
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2369 Lake Shore Blvd W
$1,8001 to 2 Bedroom Apartments

2369 Lake Shore Blvd W

2369 Lake Shore Blvd WToronto, ON M8V 1C2
Student Housing

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Explore Toronto, ON Rentals by Map

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See the most popular apartments and homes in Toronto, ON

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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 $1,425.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Carrying Place Vista which is listed at $1,313, while the average apartment in Toronto costs $3,387.

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 1,350 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 $845 which is $2,542 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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.