
Cheap Apartments for Rent in Toronto, ON from $700 with Swimming Pool (86 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Toronto.


24 Mabelle

Sierra at Village Gate West

Rockford

1759-1759 Victoria Park Ave

3000 Dufferin St

Fifeshire Towers

Almore Apartments

111 and 121 Combermere Drive
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

185 Shaughnessy Blvd

7 St. Dennis

Lakeview Towers

10 Grenoble

Park Vista Apartments

Park Vista Apartments

42 Thorncliffe Park

Park Vista Apartments

Imperial Towers

Northcliffe Heights
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.

Dufferin Heights

Hampton House North

Dufresne Court

Bathville Towers

Villa Nova

Viewpoint Towers

11 Dervock Cres

103 Avenue Rd

Victoria Park Apartments

549-573 N Service Rd

2170 Sherobee Road

Linwood Apartment

2300 Confederation Parkway

Royal Tower

1355 Silver Spear

Embassy Apartment
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 | $1,889 | $1,045 | $2,800 |
| Toronto 1 Bedroom Apartments | $2,300 | $800 | $5,000 |
| Toronto 2 Bedroom Apartments | $3,042 | $1,515 | $7,295 |
| Toronto 3 Bedroom Apartments | $3,888 | $1,459 | $10,000+ |
| Toronto 4 Bedroom Apartments | $3,767 | $1,459 | $10,000+ |
| Toronto 5 Bedroom Apartments | $1,045 | $1,045 | $1,045 |
Explore Toronto
Toronto, ON Area Reviews
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 $1,475.
What is the price of a cheap apartment in Toronto?
The cheapest apartment in Toronto is Carrying Place Vista which is listed at $1,387, while the average apartment in Toronto costs $3,361.
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 1,926 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 $1,179 which is $2,182 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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.

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.
