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$1,285 - $2,599Studio to 2 Bedroom Apartments Available Now
3141 Jaguar Valley
3141 Jaguar Valley DrMississauga, ON L5A 2J5
Cheap Apartments for Rent in Toronto, ON from $700 with Washer/Dryer (56 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Toronto.
2 Lytton Blvd
Richmond HillONL4B 3H2
54 Crystalview Cres
BramptonONL6P 2S3
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.
6 Flavelle Trl
VaughanONL4L 1V8
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$1,842 - $2,1231 Bedroom Apartments Available Aug 15
20 Elizabeth Street N
20 Elizabeth St NMississauga, ON L5G 2T9
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$1,899 - $2,999Studio to 3 Bedroom Apartments
Sherobee Apartments
2200 Sherobee RdMississauga, ON L5B 1M8
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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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 | $1,880 | $1,045 | $7,278 |
| Toronto 1 Bedroom Apartments | $2,376 | $895 | $10,000+ |
| Toronto 2 Bedroom Apartments | $3,165 | $1,450 | $10,000+ |
| Toronto 3 Bedroom Apartments | $3,940 | $1,569 | $10,000+ |
| Toronto 4 Bedroom Apartments | $4,489 | $1,119 | $8,661 |
| Toronto 5 Bedroom Apartments | $13,478 | $9,389 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Toronto, ON Area Reviews
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Write a ReviewDee • 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 $1,400.
What is the price of a cheap apartment in Toronto?
The cheapest apartment in Toronto is 90 Eastdale which is listed at $1,395, while the average apartment in Toronto costs $2,579.
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 2,973 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 $1,167 which is $1,412 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
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.
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.
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.
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.