Cheap Apartments for Rent in Toronto, ON from $700 (855 Rentals) Page 2 of 18

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Search the lowest-cost Apartments available for rent right now in Toronto.

property at 2938 Danforth Ave

$1,499 - $1,599

Studio To 1 Bedroom Rentals

Available Now

2938 Danforth Ave

TorontoONM4C 1M5
property at 224 St George St

$1,499 - $1,599

Studio To 1 Bedroom Rentals

Available Now

224 St George St

TorontoONM5R 2N9
property at 115 Montrose Av

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

115 Montrose Av

TorontoONM6J 2T6
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Shorecrest Apartments
$1,500 - $2,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,750
Total Monthly Price
$1,500 - $2,750
Studio to 3 Bedroom Apartments Available Now

Shorecrest Apartments

35 Spencer AveToronto, ON M6K 1G8
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Upper Canada Apartments 165
$1,500Studio Apartments Available Sep 1

Upper Canada Apartments 165

165 Erskine AveToronto, ON M4P 2A1
Affordability
  • Verified
  • Utilities Included
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30 Springhurst Ave
Rent Specials
$1,500 - $2,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,150
Total Monthly Price
$1,500 - $2,150
Studio to 1 Bedroom Apartments Available Now

30 Springhurst Ave

30 Springhurst AveToronto, ON M6K 1B3
Student Housing
  • Verified
  • Utilities Included
property at 432 Jarvis St

$1,500 - $1,700

Studio Rentals

Available Now

432 Jarvis St

TorontoONM4Y 2H3
property at 10 Elvaston Dr

$1,525 - $2,575

Studio To 3 Bedroom Rentals

Available Now

10 Elvaston Dr

TorontoONM4A 1M9

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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Doversquare Apartments
Rent Specials
$1,550 - $2,299
Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $2,299
Total Monthly Price
$1,550 - $2,299
Studio to 2 Bedroom Apartments Available Now

Doversquare Apartments

730 Dovercourt RdToronto, ON M6H 2W9
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

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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property at 148 Islington Ave

$1,550 - $1,840

1 To 2 Bedroom Rentals

Available Now

Islington Apartments

148 Islington Ave
TorontoONM8V 3B6
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The Summit
Rent Specials
$1,555 - $1,995
Total Monthly Price

Total Monthly Price

Base Rent
$1,555 - $1,995
Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

The Summit

280 St George StToronto, ON M5R 2P7
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
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470 Sentinel Road
Rent Specials
$1,579 - $2,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,579 - $2,650
Total Monthly Price
$1,579 - $2,650
Studio to 3 Bedroom Apartments Contact Us For Availability

470 Sentinel Road

470 Sentinel RdToronto, ON M3J 1V6
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
property at 1 Oriole Rd

$1,580 - $2,255

Studio To 2 Bedroom Rentals

Available Now

Oriole Apartments

1 Oriole Rd
TorontoONM4V 2E7
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Huntley Apartments
Rent Specials
$1,590 - $2,580
Total Monthly Price

Total Monthly Price

Base Rent
$1,590 - $2,580
Total Monthly Price
$1,590 - $2,580
Studio to 2 Bedroom Apartments Available Now

Huntley Apartments

77 Huntley StToronto, ON M4Y 2L1
Student Housing
  • Verified
  • Smoke Free
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565 Sherbourne St
Rent Specials
$1,590 - $3,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,590 - $3,400
Total Monthly Price
$1,590 - $3,400
Studio to 3 Bedroom Apartments Available Now

565 Sherbourne St

565 Sherbourne StToronto, ON M4X 1W7
Affordability
  • Verified
  • Utilities Included
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545 & 555 Sherbourne
Rent Specials
$1,590 - $2,580
Total Monthly Price

Total Monthly Price

Base Rent
$1,590 - $2,580
Total Monthly Price
$1,590 - $2,580
Studio to 2 Bedroom Apartments Available Now

545 & 555 Sherbourne

545 Sherbourne StToronto, ON M4X 1W6
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
Showing Results 51-100, Page 2 of 18

Toronto, ON Area Reviews

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Dee • 4+ years in Toronto

February 25, 2025

30 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 $1,350.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Bell Tower Residences which is listed at $1,285, while the average apartment in Toronto costs $5,748.

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 3,002 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 $1,177 which is $4,571 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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.