
Cheap Apartments for Rent in Toronto, ON from $700 (877 Rentals) Page 13 of 18
Search the lowest-cost Apartments available for rent right now in Toronto.


The Medley

Total Monthly Price
3 Swift Drive

879 Kennedy Rd

2461 Queen St E

40 Raglan Avenue

Foxden Cottonwood

Vaughan Terrace

Nouville Apartments

Victoria Park Apartments

65 Keewatin Ave

The Wessex

Truman St Clair

Helens Court Apartments

Bay Mills Place

Bonaview Towers

Antrim Apartments

3888 Bathurst Street

3892 Bathurst

134-146 Dundas St W

New Garden Residences

149 St George St

709 KENNEDY APARTMENTS

24 Webster Avenue

Birchmount Woods

Monterey Park

345 Lonsdale

77 Erskine Ave

Algonquin Apartments

Martin Way Towers West

Westbury Manor

20 Chichester Pl

Terra Park Apartments

Total Monthly Price
Viewpoint Towers

1827 VICTORIA APARTMENTS

143 Stephen Drive

4 Hill Heights Rd

26-34 Saranac Boulevard

26 Albert Avenue

620 Martin Grove Rd

Victoria Park Apartments

80 Guestville Ave

3091 Eglinton Ave E

107 Redpath

40 Delisle Apartments

The Links Road

Wilson Manor

Humber River Apartments

227 Cosburn Ave

169 St George
Toronto, ON Local Guide
How much does it cost to rent an apartment in Toronto?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Toronto Studio Apartments | $1,898 | $1,099 | $7,377 |
| Cheap Toronto 1 Bedroom Apartments | $2,403 | $895 | $10,000+ |
| Cheap Toronto 2 Bedroom Apartments | $3,153 | $1,450 | $10,000+ |
| Cheap Toronto 3 Bedroom Apartments | $4,080 | $1,569 | $10,000+ |
| Cheap Toronto 4 Bedroom Apartments | $4,365 | $1,119 | $8,642 |
| Toronto 5 Bedroom Apartments | $16,752 | $8,900 | $10,000+ |
Browse Top Apartments in Toronto
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Toronto, ON Area Reviews
Dee • 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 Robina Suites which is listed at $1,399, while the average apartment in Toronto costs $2,542.
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 3,148 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 $1,165 which is $1,377 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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.