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$1,8951 to 3 Bedroom Apartments
Beech Grove Suites
106 Parkway Forest DrToronto, ON M2J 0A5
Cheap Apartments for Rent in Toronto, ON from $700 with Washer/Dryer (59 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Toronto.
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$1,899 - $2,025Studio to 2 Bedroom Apartments
91 Wellesley Street
91 Wellesley St EToronto, ON M4Y 1H9
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$1,900 - $6,750Studio to 4 Bedroom Apartments
44 Walmer Rd
44 Walmer RdToronto, ON M5R 2X5
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$1,900Studio to 2 Bedroom Apartments
450 Winona Drive
450 Winona DrToronto, ON M6E 3P9
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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$1,900 - $2,7001 to 2 Bedroom Apartments
The Village
100 Maitland StToronto, ON M4Y 1E3
2 Lytton Blvd
Richmond HillONL4B 3H2
54 Crystalview Cres
BramptonONL6P 2S3
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Rent Specials
$1,842 - $2,2711 to 2 Bedroom Apartments Available Jun 30
20 Elizabeth Street N
20 Elizabeth St NMississauga, ON L5G 2T9
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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$1,899 - $2,999Studio to 3 Bedroom Apartments
Sherobee Apartments
2200 Sherobee RdMississauga, ON L5B 1M8
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 | $2,087 | $1,200 | $7,345 |
| Toronto 1 Bedroom Apartments | $2,519 | $895 | $10,000+ |
| Toronto 2 Bedroom Apartments | $3,274 | $1,350 | $10,000+ |
| Toronto 3 Bedroom Apartments | $4,153 | $1,569 | $10,000+ |
| Toronto 4 Bedroom Apartments | $5,732 | $1,069 | $10,000+ |
| Toronto 5 Bedroom Apartments | $13,866 | $1,000 | $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
Do you know the Toronto area?
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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 $1,399.
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 $4,767.
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 3,239 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 $1,155 which is $3,612 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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.