
Cheap Apartments for Rent in Toronto, ON from $700 (855 Rentals) Page 3 of 18
Search the lowest-cost Apartments available for rent right now in Toronto.


Chatsworth Apartments

117 Old Forest Hill Road

267 St. George Street

Total Monthly Price
St. Andrews Towers | 14, 16, 20 Carluke

Glencairn Garden Apartments

55 Emmett Avenue

Donlands Apartments

Total Monthly Price
1 Springhurst Ave

Park Willow Developments

550 Jarvis St

Ravine Park Apartments

Total Monthly Price
2837 Yonge Street

70 Spadina Road

26 Sloane Avenue

2701 EGLINTON AVE W

1065 Eglinton

Eccleston Heights | 1, 3, 21 Eccleston

Total Monthly Price
Northwoods Village

Lawrence Park Apartments

Cedarwood Suites

2938 Danforth Ave

250 St George St

160 Dowling Ave

29 Tillbrook Ct

Residences of Rose Park

56 Gilroy Dr

1765 & 1775 Weston Rd Apartments

710 Spadina Av

Main Square

135 Isabella St

96 Isabella The Arms Apartments

Tiara Mansions

Total Monthly Price
The Latimer Apartments

Total Monthly Price
100 Alexander Street

Dunfield and Holly Towers

Total Monthly Price
29 Upper Canada Drive

Total Monthly Price
1524 Bathurst Street

2890 St Clair Ave E

Sherwood Apartments

Wellesley Apartments

Maddox Tyndall

Wellesley Apartments

Harding Square

Total Monthly Price
Biggin Court Apartments

Hopewell Court

Park Vista Apartments

Davisville Village

80 St. Clair East

196 Eglinton Avenue East
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 | $2,050 | $1,045 | $7,264 |
| Cheap Toronto 1 Bedroom Apartments | $2,528 | $895 | $10,000+ |
| Cheap Toronto 2 Bedroom Apartments | $3,263 | $1,350 | $10,000+ |
| Cheap Toronto 3 Bedroom Apartments | $4,078 | $1,569 | $10,000+ |
| Cheap Toronto 4 Bedroom Apartments | $5,413 | $1,019 | $10,000+ |
| Toronto 5 Bedroom Apartments | $14,610 | $1,000 | $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 $1,350.
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

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.

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.

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.