Cheap Apartments for Rent in Toronto, ON from $700 (875 Rentals) Page 3 of 18

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

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Northwoods Village
Rent Specials
$1,599 - $2,649
Total Monthly Price

Total Monthly Price

Base Rent
$1,599 - $2,649
Total Monthly Price
$1,599 - $2,649
Studio to 4 Bedroom Apartments Available Now

Northwoods Village

32-51 Brookwell DrToronto, ON M3M 2Y1
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
property at 1962 Gerrard St E

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

1962 Gerrard St E

TorontoONM4E 2B1
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The Latimer Apartments
Rent Specials
$1,600 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $1,700
Total Monthly Price
$1,600 - $1,700
Studio to 1 Bedroom Apartments Available Now

The Latimer Apartments

560 Eglinton Ave WToronto, ON M5N 1B8
Student Housing
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  • 3D Tour
  • Smoke Free
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100 Alexander Street
$1,600 - $2,449
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,449
Total Monthly Price
$1,600 - $2,449
Studio to 2 Bedroom Apartments Available Now

100 Alexander Street

100 Alexander StToronto, ON M4Y 1B7
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
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1524 Bathurst Street
$1,600 - $2,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,500
Total Monthly Price
$1,600 - $2,500
1 to 2 Bedroom Apartments Available Now

1524 Bathurst Street

1520-1524 Bathurst StToronto, ON M5P 3H3
Affordability
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  • Utilities Included
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property at 10 Elvaston Dr

$1,600 - $2,575

Studio To 3 Bedroom Rentals

Available Now

10 Elvaston Dr

TorontoONM4A 1M9
property at 432 Jarvis St

$1,525 - $1,700

Studio Rentals

Available Now

432 Jarvis St

TorontoONM4Y 2H3
property at 100 Wellesley St E

$1,605 - $2,550

Studio To 2 Bedroom Rentals

Available Now

Wellesley Apartments

100 Wellesley St E
TorontoONM4Y 1H5
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Ava Manor
Rent Specials
$1,609 - $3,457
Total Monthly Price

Total Monthly Price

Base Rent
$1,609 - $3,457
Total Monthly Price
$1,609 - $3,457
Studio to 3 Bedroom Apartments Available Now

Ava Manor

1862 Bathurst StToronto, ON M5P 3K8
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
property at 1 Oriole Rd

$1,620 - $2,195

Studio To 2 Bedroom Rentals

Available Now

Oriole Apartments

1 Oriole Rd
TorontoONM4V 2E7
Showing Results 101-150, Page 3 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 $1,400.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Robina Suites which is listed at $1,399, while the average apartment in Toronto costs $2,538.

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 3,096 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 $1,173 which is $1,365 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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.