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$1,384 - $2,4991 to 4 Bedroom Apartments Available Sep 3
The Els - Student Living
3070 Ellesmere RdToronto, ON M1E 4C3
Top Rated Cheap Apartments for Rent in Toronto, ON from $700 (24 Rentals)
Top Rated Apartments in Toronto.
Cheap Apartments in Toronto.
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$1,500 - $2,150
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,500 - $2,150
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$1,500 - $2,150
30 Springhurst Ave
30 Springhurst AveToronto, ON M6K 1B3
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$1,581 - $3,457
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,581 - $3,457
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$1,581 - $3,457
Ava Manor
1862 Bathurst StToronto, ON M5P 3K8
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$1,637 - $2,457Studio to 2 Bedroom Apartments Available Now
109 Jameson Avenue
109 Jameson AveToronto, ON M6K 2X4
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$1,600 - $3,050Studio to 2 Bedroom Apartments Available Now
710 Spadina Av
710 Spadina AvToronto, ON M5S 2J3
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$1,625 - $2,825Studio to 2 Bedroom Apartments Available Now
Maddox Tyndall
135 Tyndall AveToronto, ON M6K 2G4
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$1,628 - $2,4911 to 2 Bedroom Apartments Available Now
633 Northcliffe Boulevard
633 Northcliffe BlvdToronto, ON M6E 3M3
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$1,713 - $2,9501 to 2 Bedroom Apartments Available Now
1640 Lawrence
1640 Lawrence Ave WToronto, ON M6L 3C9
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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$1,800 - $5,500
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1 to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,800 - $5,500
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$1,800 - $5,500
Balliol Towers Apartments
155 Balliol StToronto, ON M4S 1C8
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$1,800 - $2,1001 to 2 Bedroom Apartments Available Now
1475 King St W
1475 King St WToronto, ON M6K 1J3
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$1,829 - $2,9191 to 3 Bedroom Apartments Available Now
Bellamy Heights
123 Bellamy RdToronto, ON M1J 2K9
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Rent Specials
$1,845 - $2,978
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,845 - $2,978
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$1,845 - $2,978
High Park Village
111 Pacific AveToronto, ON M6P 2P2
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$1,8571 Bedroom Apartments Available Now
55 Brownlow Avenue
55 Brownlow AveToronto, ON M4S 1W3
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$1,885 - $3,2991 to 3 Bedroom Apartments Available Now
38 Dixington Crescent
38 Dixington CresToronto, ON M9P 2M5
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$1,550 - $2,565Studio to 3 Bedroom Apartments
56 Thorncliffe Park Dr
56 Thorncliffe Park DrToronto, ON M4H 1K6
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$1,628 - $3,3001 to 3 Bedroom Apartments
1570 Lawrence Ave West
1570 Lawrence Ave WToronto, ON M6M 4K6
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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$1,647Studio to 1 Bedroom Apartments
1 Springhurst Ave
1 Springhurst AveToronto, ON M8K 1A8
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$1,750 - $2,399Studio to 3 Bedroom Apartments
Carolyn Court
980 Lawrence Ave EToronto, ON M3C 1R2
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$1,7501 to 4 Bedroom Apartments
Prince Charles Terrace
45 Gardiner RdToronto, ON M5P 3B6
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$1,850 - $2,762Studio to 3 Bedroom Apartments
Richgrove Village
7-21 Richgrove DrToronto, ON M9R 2K9
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$1,799 - $2,916Studio to 2 Bedroom Apartments
919 Dufferin
919 Dufferin StToronto, ON M6H 4B2
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$1,899Studio to 2 Bedroom Apartments
48 Isabella St Apartments
48 Isabella StToronto, ON M4Y 1N3
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$1,5991 Bedroom Apartments Available Now
2211 Sherobee Road
2211 Sherobee RdMississauga, ON L5A 2H5
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$1,849 - $2,400Studio to 2 Bedroom Apartments
The Rivergate
35 S Front StMississauga, ON L5H 2C6
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.
Showing Results 1-24, Page 1 of 1
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 | $1,925 | $1,045 | $8,604 |
| Toronto 1 Bedroom Apartments | $2,415 | $895 | $10,000+ |
| Toronto 2 Bedroom Apartments | $3,180 | $900 | $10,000+ |
| Toronto 3 Bedroom Apartments | $4,066 | $1,569 | $10,000+ |
| Toronto 4 Bedroom Apartments | $4,710 | $1,384 | $10,000+ |
| Toronto 5 Bedroom Apartments | $14,119 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore Toronto
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.
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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 $1,395.
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 $4,176.
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 3,381 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 $1,326 which is $2,850 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.