Cheap Apartments for Rent in Toronto, ON from $700 with Swimming Pool (78 Rentals)

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Search the lowest-cost Apartments available for rent right now in Toronto.

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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property at 411 Duplex Ave

411 Duplex Ave

TorontoONM4R 1V2

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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Pharmacy Place
$1,745 - $1,8151 Bedroom Apartments Available Now

Pharmacy Place

263-283 Pharmacy AveToronto, ON M1L 3E7
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  • Utilities Included
  • Matterport 3D Tour
property at 100 Wellesley St E

100 Wellesley St E

TorontoONM4Y 1H5

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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225 Van Horne Apartments
$1,825 - $2,7501 to 3 Bedroom Apartments Available Now

225 Van Horne Apartments

225 Van Horne AveToronto, ON M2J 2T9
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  • Utilities Included
  • Matterport 3D Tour
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890 Mount Pleasant Apartments
$1,8301 Bedroom Apartments Available Now

890 Mount Pleasant Apartments

890 Mt Pleasant RdToronto, ON M4P 2L4
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  • Utilities Included
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Upper Canada Court, West
$1,8301 Bedroom Apartments Available Now

Upper Canada Court, West

110 Erskine AveToronto, ON M4P 2A1
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  • Utilities Included
  • Matterport 3D Tour

It's time to soak up some sun!

One of the easiest and more obvious ways of enjoying the summer sun is to lounge out by your community pool. Learn a Few Rules to Keep in Mind while at the pool.

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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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Toronto, ON Local Guide

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.

Read Article
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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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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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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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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 the Cheapest Studio apartment in Toronto?

Currently the most affordable Cheap Studio Apartment in Toronto is at Bradley Court listed at $1,045.

How much is rent for a Cheap One Bedroom Toronto Apartment?

The lowest price for a Cheap One Bedroom Toronto Apartment is $1,313 at Carrying Place Vista.

What is the lowest price for a Cheap Two Bedroom Toronto Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Toronto is starting from $1,399 at The Quad at York Phase 2.

What is the most affordable Toronto Three Bedroom Apartment?

The best deal on a cheap Toronto Three Bedroom Apartment rental is at 251-285 The West Mall and starts from $2,118.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.