
Cheap Apartments for Rent in Toronto, ON from $700 (839 Rentals) Page 3 of 17
Search the lowest-cost Apartments available for rent right now in Toronto.


Tiara Mansions

Total Monthly Price
440 Winona Drive

96 Isabella The Arms Apartments

80 St. Clair East

Total Monthly Price
100 Alexander Street

Total Monthly Price
1524 Bathurst Street

Marina View Apartments

Dunfield and Holly Towers

Total Monthly Price
Shorecrest Apartments

2890 St Clair Ave E

608 Church Street

Sherwood Apartments

Glencairn Garden Apartments

Dufferin Heights

Maddox Tyndall

Upper Canada Court, West

Davisville Village

70 Spadina Road

29 Tillbrook Ct

Total Monthly Price
545 & 555 Sherbourne

196 Eglinton Avenue East

633 Northcliffe Boulevard

Raglan Gardens

The Sheldrake

Briar Hill - Belgravia

Serrano at Village Gate West

Goldengate

Garden View Apartments

Sierra at Village Gate West

Wellesley Apartments

Imperial Towers

Wellesley Apartments

4750 Bathurst Street

2 Regal Road

82 Warren Road

310-312 LONSDALE RD

Tichester Park Manors

26 Sloane Avenue

Mid-Town Apartments

Total Monthly Price
Warren Court Apartments

700 & 730 Ontario Street Apartments

Islington Towers

Rosedale East

2 Secord Ave

21 Park Boulevard

Residences of Rose Park

50 Laurel Ave

103 Pandora Cir

1545 Birchmount Rd
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+ |
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 $1,387.
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.