Cheap Apartments for Rent in Toronto, ON from C$700 (442 Rentals) Page 3 of 9

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

property at 2707 Yonge St

2707 Yonge St

TorontoONM4N 2H8
property at 60 Gloucester St

60 Gloucester St

TorontoONM4Y 1L7
property at 45 Gardiner Rd

45 Gardiner Rd

TorontoONM5P 3B6
property at 710 Spadina Ave.

710 Spadina Ave.

TorontoONM5S 2J3
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1000 Mount Pleasant
from C$1,865Studio Apartments Contact Us For Availability

1000 Mount Pleasant

1000 Mt Pleasant RdToronto, ON M4P 2M2
Affordability
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  • Matterport 3D Tour
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Balfour Square
from C$1,875Studio to 2 Bedroom Apartments Available Now

Balfour Square

50 Rosehill AveToronto, ON M4T 2W7
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  • Utilities Included
  • Matterport 3D Tour
Showing Results 101-150, Page 3 of 9

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 C$1,500.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Carrying Place Vista which is listed at C$1,313, while the average apartment in Toronto costs C$3,343.

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 12 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 C$279 which is C$3,064 cheaper than the average rent for all rentals in Toronto.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.