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$1,900 - $2,7001 to 2 Bedroom Apartments
The Village
100 Maitland StToronto, ON M4Y 1E3
Cheap Apartments for Rent in Toronto, ON from $700 with Washer/Dryer (55 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Toronto.
8 Wood Dale Rd
VaughanONL4K 5S8
2 Lytton Blvd
Richmond HillONL4B 3H2
54 Crystalview Cres
BramptonONL6P 2S3
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$1,799 - $2,999Studio to 3 Bedroom Apartments
Sherobee Apartments
2200 Sherobee RdMississauga, ON L5B 1M8
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.
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 | $1,935 | $1,045 | $9,443 |
| Toronto 1 Bedroom Apartments | $2,457 | $895 | $10,000+ |
| Toronto 2 Bedroom Apartments | $3,165 | $900 | $10,000+ |
| Toronto 3 Bedroom Apartments | $4,088 | $1,569 | $10,000+ |
| Toronto 4 Bedroom Apartments | $5,318 | $1,384 | $10,000+ |
| Toronto 5 Bedroom Apartments | $14,835 | $10,000 | $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 $1,395.
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 $4,387.
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 3,329 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 $1,337 which is $3,050 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.