Cheap Apartments for Rent in Toronto, ON from $700 (839 Rentals) Page 2 of 17

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

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2837 Yonge Street
Rent Specials
$1,549 - $2,799
Total Monthly Price

Total Monthly Price

Base Rent
$1,549 - $2,799

Total Monthly Price
$1,549 - $2,799
Studio to 2 Bedroom Apartments Available Now

2837 Yonge Street

2837 Yonge StToronto, ON M4N 2J6
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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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Doversquare Apartments
Rent Specials
$1,550 - $2,749
Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $2,749

Total Monthly Price
$1,550 - $2,749
Studio to 2 Bedroom Apartments Available Now

Doversquare Apartments

730 Dovercourt RdToronto, ON M6H 2W9
Student Housing
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  • Utilities Included
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property at 148 Islington Ave

$1,550 - $1,890

1 To 2 Bedroom Rentals

Available Now

Islington Apartments

148 Islington Ave
TorontoONM8V 3B6
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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
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property at 1 Oriole Rd

$1,580 - $2,350

Studio To 2 Bedroom Rentals

Available Now

Oriole Apartments

1 Oriole Rd
TorontoONM4V 2E7
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Ava Manor
Rent Specials
$1,581 - $3,457
Total Monthly Price

Total Monthly Price

Base Rent
$1,581 - $3,457

Total Monthly Price
$1,581 - $3,457
Studio to 3 Bedroom Apartments Available Now

Ava Manor

1862 Bathurst StToronto, ON M5P 3K8
Student Housing
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  • Utilities Included
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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
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31-35 St. Dennis Drive
Rent Specials
$1,599 - $2,399
Total Monthly Price

Total Monthly Price

Base Rent
$1,599 - $2,399

Total Monthly Price
$1,599 - $2,399
1 to 2 Bedroom Apartments Available Now

31-35 St. Dennis Drive

31-35 St Dennis DrToronto, ON M3C 1G7
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Northwoods Village
Rent Specials
$1,599 - $2,703
Total Monthly Price

Total Monthly Price

Base Rent
$1,599 - $2,703

Total Monthly Price
$1,599 - $2,703
Studio to 4 Bedroom Apartments Available Now

Northwoods Village

32-51 Brookwell DrToronto, ON M3M 2Y1
Student Housing
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property at 60 Gloucester St

$1,599 - $2,000

Studio To 1 Bedroom Rentals

Available Now

60 Gloucester St

TorontoONM4Y 1L7
property at 1 Southmead Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Home for Rent

Available Now

1 Southmead Rd

TorontoONM1L 2H7
property at 57 Rivitt Pl

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

Studio, 1 Bath Home for Rent

Available Now

57 Rivitt Pl

TorontoONM1X 0A9
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440 Winona Drive
$1,600 - $2,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,300

Total Monthly Price
$1,600 - $2,300
Studio to 2 Bedroom Apartments Available Now

440 Winona Drive

440 Winona DrToronto, ON M6E 3P9
Student Housing
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  • Utilities Included
  • 3D Tour

Toronto, ON Area Reviews

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Dee4+ 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 $1,387.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

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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.

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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.

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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.

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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.