Cheap Apartments for Rent in Toronto, ON from C$700 with Washer/Dryer (49 Rentals)

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

property at 124 Glenwood Cres

124 Glenwood Cres

TorontoONM4B 1K2
property at 146 Dawes Rd

146 Dawes Rd

TorontoONM4C 5C2
property at 46 Edgecroft Rd

46 Edgecroft Rd

TorontoONM8Z 2B8

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.

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.

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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La Place Victoria
Studio to 3 Bedroom Apartments

La Place Victoria

1154 Wilson AveToronto, ON M3M 1K3
  • Utilities Included
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Forest Hill Residences
Studio to 4 Bedroom Apartments

Forest Hill Residences

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

1525 Wilson Ave

1525 Wilson AveToronto, ON M3M 1J7
  • Utilities Included

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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1570 Lawrence Ave West
1 to 3 Bedroom Apartments

1570 Lawrence Ave West

1570 Lawrence Ave WToronto, ON M6M 4K6
  • Utilities Included
  • Smoke Free
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620 Martin Grove Rd
Studio to 2 Bedroom Apartments

620 Martin Grove Rd

620 Martin Grove RdToronto, ON M9R 0A5
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New Garden Residences
Studio to 2 Bedroom Apartments

New Garden Residences

211 Jarvis StToronto, ON M5B 2C1
  • Utilities Included
  • Smoke Free
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55 Livingston Rd
1 to 3 Bedroom Apartments

55 Livingston Rd

55 Livingston RdToronto, ON M1E 1A7
  • Utilities Included
  • Smoke Free
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35 Walmer Road
Studio to 3 Bedroom Apartments

35 Walmer Road

35 Walmer RdToronto, ON M5R 2X3
  • Utilities Included
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38 Dixington Crescent
1 to 3 Bedroom Apartments

38 Dixington Crescent

38 Dixington CresToronto, ON M9P 2M5
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71 Parkwoods Village
Studio to 3 Bedroom Apartments

71 Parkwoods Village

71 Parkwoods Village DrToronto, ON M4V 1V5
  • Utilities Included
  • Smoke Free

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Vivere
Studio to 2 Bedroom Apartments

Vivere

65 Lillian StToronto, ON M4S 0A1
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Commonwealth Towers
Studio to 2 Bedroom Apartments

Commonwealth Towers

40-60 Pleasant BlvdToronto, ON M4T 1J9
  • Utilities Included
  • Smoke Free
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Grange Tower
Studio to 3 Bedroom Apartments

Grange Tower

20 St Patrick StToronto, ON M5T 2Y4
  • Utilities Included
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Velocity at the Square
Studio to 2 Bedroom Apartments

Velocity at the Square

252 Victoria StToronto, ON M5B 1V8
  • Utilities Included
  • Smoke Free

Toronto, ON Local Guide

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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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Dee4+ 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 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 C$1,500.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Carrying Place Vista which is listed at C$1,313, while the average apartment in Toronto costs C$3,464.

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 44 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 C$389 which is C$3,075 cheaper than the average rent for all rentals in Toronto.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.