
Cheap Apartments for Rent in Toronto, ON from $700 (839 Rentals) Page 2 of 17
Search the lowest-cost Apartments available for rent right now in Toronto.


21 Welsford Gdns

Main Square

10 Elvaston Dr

Yonge Eglinton Apartments

The Crossways

Total Monthly Price
2837 Yonge Street

22-22 Robina Ave

96 Wiltshire Ave

124 Spencer Ave
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.

Total Monthly Price
Doversquare Apartments

Islington Apartments

2355 Lake Shore Blvd W

200 Roehampton

Castlegate Apartments

Islington Apartments

Upper Canada Court, East

Brentwood Towers

Park Terraces North & South

1065 Eglinton

The Maitlands

166 Eastbourne Ave

Upper Canada Court, Centre

San Marino Place

Havenbrook Towers

1 Marquette Avenue

Total Monthly Price
470 Sentinel Road

Oriole Apartments

Total Monthly Price
Ava Manor

1660 Bathurst Street

Total Monthly Price
Huntley Apartments

134 Carlton St.

35 David Salomon

109 Jameson Avenue

117 Old Forest Hill Road

Donlands Apartments

550 Jarvis St

Ravine Park Apartments

55 Emmett Avenue

Total Monthly Price
31-35 St. Dennis Drive

316 The Kingsway

Cedarwood Suites

Jameson Ave Apartments - 87 James

Total Monthly Price
Northwoods Village

60 Gloucester St

1 Southmead Rd

Beautiful Lower level apartment

57 Rivitt Pl

1765 & 1775 Weston Rd Apartments

Total Monthly Price
440 Winona Drive
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 | $1,938 | $1,045 | $8,486 |
| Cheap Toronto 1 Bedroom Apartments | $2,460 | $895 | $10,000+ |
| Cheap Toronto 2 Bedroom Apartments | $3,222 | $900 | $10,000+ |
| Cheap Toronto 3 Bedroom Apartments | $4,092 | $1,569 | $10,000+ |
| Cheap Toronto 4 Bedroom Apartments | $5,079 | $1,384 | $10,000+ |
| Toronto 5 Bedroom Apartments | $19,393 | $8,639 | $10,000+ |
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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 $1,387.
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 $5,848.
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 3,414 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 $1,316 which is $4,532 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.