Cheap Apartments for Rent in Toronto, ON from $700 with Washer/Dryer (56 Rentals)

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

property at 25 Delwood Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Oct 1

25 Delwood Dr

TorontoONM1L 2S4
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2837 Yonge Street
Rent Specials
$1,550 - $2,659
Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $2,659
Total Monthly Price
$1,550 - $2,659
Studio to 2 Bedroom Apartments Available Now

2837 Yonge Street

2837 Yonge StToronto, ON M4N 2J6
Furnished
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  • Utilities Included
  • Smoke Free

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Cliffside Apartments
Rent Specials
$1,668 - $3,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,668 - $3,000
Total Monthly Price
$1,668 - $3,000
1 to 3 Bedroom Apartments Available Sep 1

Cliffside Apartments

2382 Kingston RdToronto, ON M1N 0C5
Affordability
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property at 103 Campbell Av

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

103 Campbell Av

TorontoONM6P 3V1
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Bela Square
Rent Specials
$1,742 - $4,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,742 - $4,300
Total Monthly Price
$1,742 - $4,300
1 to 4 Bedroom Apartments Available Now

Bela Square

100 Eastdale AvToronto, ON M4C 0B6
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Commonwealth Towers
$1,799 - $3,447
Total Monthly Price

Total Monthly Price

Base Rent
$1,799 - $3,447
Total Monthly Price
$1,799 - $3,447
Studio to 2 Bedroom Apartments Available Now

Commonwealth Towers

40-60 Pleasant BlvdToronto, ON M4T 1J9
Eco-Friendly
  • Verified
  • Utilities Included
  • 3D Tour

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 849 Bathurst St

$1,850 - $3,500

1 To 3 Bedroom Rentals

Available Now

849 Bathurst St

TorontoONM5R 3G2
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The Quay - Tower III
Rent Specials
$1,857 - $3,677
Total Monthly Price

Total Monthly Price

Base Rent
$1,857 - $3,677
Total Monthly Price
$1,857 - $3,677
Studio to 3 Bedroom Apartments Available Now

The Quay - Tower III

370 Queens Quay WToronto, ON M5V 3J3
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
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Halsa
Rent Specials
$1,895 - $3,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,895 - $3,500
Total Monthly Price
$1,895 - $3,500
Studio to 2 Bedroom Apartments Available Now

Halsa

230 Royal York RdToronto, ON M8V 2V9
Corporate Housing
  • Verified
  • Smoke Free
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24 2nd Street Apartments
$1,595 - $2,295Studio to 2 Bedroom Apartments

24 2nd Street Apartments

24 2nd StToronto, ON M8V 1H4
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2Fifteen
$1,650 - $4,275
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $4,275
Total Monthly Price
$1,650 - $4,275
Studio to 4 Bedroom Apartments

2Fifteen

215 Lonsdale RdToronto, ON M4V 2K8
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Royale Apartments
$1,650 - $1,950Studio to 3 Bedroom Apartments

Royale Apartments

368 Eglinton Ave EToronto, ON M4P 1L9
  • Utilities Included
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Highland Commons
$1,700 - $3,300Studio to 3 Bedroom Apartments

Highland Commons

1625 Military TrlToronto, ON M1C
Student Housing
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New Garden Residences
$1,750 - $3,650Studio to 2 Bedroom Apartments

New Garden Residences

211 Jarvis StToronto, ON M5B 2C1
Corporate Housing
  • Utilities Included
  • Smoke Free

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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Forest Hill Residences
$1,799Studio to 4 Bedroom Apartments

Forest Hill Residences

780 Eglinton Ave WToronto, ON M5N 2N6
  • Utilities Included
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1525 Wilson Ave
$1,8001 Bedroom Apartments

1525 Wilson Ave

1525 Wilson AveToronto, ON M3M 1J7
  • Utilities Included
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2850 Jane St
$1,850 - $2,650Studio to 3 Bedroom Apartments

2850 Jane St

2850 Jane StToronto, ON M3N 2J4
  • Utilities Included
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Beech Grove Suites
$1,8951 to 3 Bedroom Apartments

Beech Grove Suites

106 Parkway Forest DrToronto, ON M2J 0A5
Furnished
  • Utilities Included
  • Smoke Free
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91 Wellesley Street
$1,899 - $2,025Studio to 2 Bedroom Apartments

91 Wellesley Street

91 Wellesley St EToronto, ON M4Y 1H9
  • Utilities Included
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44 Walmer Rd
$1,900 - $6,750Studio to 4 Bedroom Apartments

44 Walmer Rd

44 Walmer RdToronto, ON M5R 2X5
  • Smoke Free
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450 Winona Drive
$1,900Studio to 2 Bedroom Apartments

450 Winona Drive

450 Winona DrToronto, ON M6E 3P9
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The Village
$1,900 - $2,7001 to 2 Bedroom Apartments

The Village

100 Maitland StToronto, ON M4Y 1E3
Student Housing
  • Utilities Included

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

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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 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 $1,395 at 90 Eastdale.

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 The Quad at York Phase 2 and starts from $1,580.

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

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.