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$1,329 - $3,299Studio to 3 Bedroom Apartments Available Now
Crescent Town
7-11 Crescent PlToronto, ON M4C 5C4
Cheap Apartments for Rent in Toronto, ON from $700 with Swimming Pool (99 Rentals)
Search the lowest-cost Apartments available for rent right now in Toronto.
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$1,400 - $2,800
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$1,400 - $2,800
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$1,400 - $2,800
22 Oakmount
22 Oakmount RdToronto, ON M6P 2M7
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$1,539 - $2,999Studio to 2 Bedroom Apartments Available Now
The Crossways
2340-2360 Dundas St WToronto, ON M6P 4A9
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$1,550 - $2,750Studio to 3 Bedroom Apartments Available Now
Castlegate Apartments
39-45 Parkcrest DrToronto, ON M1M 3S6
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$1,555 - $1,845Studio to 1 Bedroom Apartments Available Now
Upper Canada Court, East
160 Erskine AvToronto, ON M4P 1Z3
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$1,565 - $1,750Studio to 1 Bedroom Apartments Available Now
Upper Canada Court, Centre
140 Erskine AvToronto, ON M4P 1Z2
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$1,579 - $2,650
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$1,579 - $2,650
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$1,579 - $2,650
470 Sentinel Road
470 Sentinel RdToronto, ON M3J 1V6
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$1,595 - $2,9801 to 3 Bedroom Apartments Available Now
35 David Salomon
35 David Salomon DrToronto, ON M3C 1E7
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$1,600 - $2,450Studio to 2 Bedroom Apartments Available Now
80 St. Clair East
80 St Clair Av EToronto, ON M4T 1N6
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$1,600 - $1,9001 Bedroom Apartments Available Now
Marina View Apartments
2303-2307 Lake Shore Blvd WToronto, ON M8V 1A7
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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$1,600 - $3,100Studio to 3 Bedroom Apartments Available Now
Dunfield and Holly Towers
33 Holly StToronto, ON M4S 2G8
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$1,619 - $2,289Studio to 2 Bedroom Apartments Available Now
Dufferin Heights
65 Dynevor RdToronto, ON M6E 3X1
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$1,625 - $1,775Studio to 1 Bedroom Apartments Available Now
Upper Canada Court, West
110 Erskine AveToronto, ON M4P 2A1
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$1,630 - $2,755Studio to 2 Bedroom Apartments Available Now
Serrano at Village Gate West
5191 Dundas St WToronto, ON M9A 0B2
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$1,639 - $2,4991 to 2 Bedroom Apartments Available Now
Goldengate
1770-1790 Eglinton Av EToronto, ON M4A 2T3
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$1,640 - $2,825Studio to 2 Bedroom Apartments Available Now
Sierra at Village Gate West
7 Summerland TerToronto, ON M9A 1C2
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$1,645 - $2,500Studio to 2 Bedroom Apartments Available Now
Imperial Towers
90 Tyndall AveToronto, ON M6K 1G3
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$1,645 - $2,695Studio to 2 Bedroom Apartments Available Now
Wellesley Apartments
100 Wellesley St EToronto, ON M4Y 1H5
Wellesley Apartments
100 Wellesley St E
TorontoONM4Y 1H5
37 Cavotti Cres
TorontoONM3H 4V3
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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$1,650 - $2,300Studio to 2 Bedroom Apartments Available Now
21 Park Boulevard
21-31 Park BlvdToronto, ON M8W 1G6
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$1,650 - $2,600Studio to 2 Bedroom Apartments Available Now
Rosedale East
50-70 Cambridge AveToronto, ON M4K 2L3
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$1,650 - $3,0501 to 3 Bedroom Apartments Available Now
2 Secord Ave
2 Secord AveToronto, ON M4C 2C3
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$1,655 - $2,445
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$1,655 - $2,445
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$1,655 - $2,445
The Residence at Weston
33 King StToronto, ON M9N 3R7
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$1,655 - $3,225Studio to 2 Bedroom Apartments Available Now
77 Davisville
77 Davisville AveToronto, ON M4S 1G4
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$1,665 - $2,1901 to 2 Bedroom Apartments Available Now
Pharmacy Place
263-283 Pharmacy AveToronto, ON M1L 3E7
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$1,669Studio Apartments Available Now
Northcliffe Heights
620 Northcliffe BlvdToronto, ON M6E 3M1
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$1,675 - $2,655Studio to 3 Bedroom Apartments Available Now
Cambridge Place Apartments
30 Denton AveToronto, ON M1L 4P2
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$1,675 - $1,925Studio to 1 Bedroom Apartments Available Now
221 Balliol Street
221 Balliol StToronto, ON M4S 1C8
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$1,685 - $2,810Studio to 2 Bedroom Apartments Available Aug 1
Balfour Square
50 Rosehill AveToronto, ON M4T 2W7
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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$1,695 - $1,950Studio to 1 Bedroom Apartments Available Now
10 Carabob Ct
10-50 Carabob CtToronto, ON M1T 3L9
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$1,700 - $2,000
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$1,700 - $2,000
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$1,700 - $2,000
Lakeview Towers
22 Close AveToronto, ON M6K 2V4
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$1,700 - $3,300Studio to 3 Bedroom Apartments Available Now
Highland Commons
1625 Military TrlToronto, ON M1C
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$1,700 - $3,250Studio to 4 Bedroom Apartments Available Now
Park Vista Apartments
2-8 ParkToronto, ON M4B 1A3
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$1,700 - $2,805Studio to 2 Bedroom Apartments Available Now
Yonge Eglinton Apartments – Duplex
411 Duplex AvToronto, ON M4R 1V2
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$1,700 - $2,2991 to 2 Bedroom Apartments Contact Us For Availability
102 Trethewey Dr
102 Trethewey DrToronto, ON M6M 4B7
Yonge Eglinton Apartments – Duplex
411 Duplex Ave
TorontoONM4R 1V2
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$1,715 - $2,0851 to 2 Bedroom Apartments Available Now
Godstone Place
30 Godstone RdToronto, ON M2J 2Z7
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$1,715 - $3,846Studio to 3 Bedroom Apartments Available Now
Trilogy On King
1100 King St WToronto, ON M6K 1E9
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$1,725 - $2,020Studio to 1 Bedroom Apartments Available Now
100 Roehampton Ave
100 Roehampton AveToronto, ON M4P 1R3
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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$1,737 - $3,497
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$1,737 - $3,497
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$1,737 - $3,497
Commonwealth Towers
40-60 Pleasant BlvdToronto, ON M4T 1J9
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$1,739 - $2,619Studio to 2 Bedroom Apartments Available Now
Lord Dufferin Apartments
200 Dufferin StToronto, ON M6K 1Z4
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$1,749 - $2,529Studio to 2 Bedroom Apartments Available Now
The Maples
20 Carlton Street, 25 Wood StToronto, ON M4Y 2P9
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$1,750 - $3,000Studio to 2 Bedroom Apartments Available Now
45 Balliol Street
45 Balliol StToronto, ON M4S 1C3
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$1,750 - $3,0001 to 3 Bedroom Apartments Available Now
Wynford Central
55-65 Wynford Heights CresToronto, ON M3C 1L4
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$1,757 - $2,397Studio to 2 Bedroom Apartments Available Now
2700 Bathurst Street
2700 Bathurst StToronto, ON M6B 2Z7
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$1,760 - $3,150Studio to 3 Bedroom Apartments Available Now
Altair
15 Martha Eaton WayToronto, ON M6M 5B5
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$1,763 - $4,650Studio to 2 Bedroom Apartments Contact Us For Availability
31 Phipps Street
31 Phipps StToronto, ON M4Y 0E5
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$1,775 - $3,785Studio to 3 Bedroom Apartments Available Now
299 Glenlake (Toronto) Limited
299 Glenlake AvToronto, ON M6P 4A6
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$1,780 - $2,480Studio to 1 Bedroom Apartments Available Now
The Torontonian
45 Dunfield AveToronto, ON M4S 2H4
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.
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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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Toronto, ON Rentals by Map
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Toronto, ON Area Reviews
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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.