Cheap Apartments for Rent in Toronto, ON from $700 (707 Rentals) Page 3 of 15

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

property at 48 Isabella St

$1,650 - $2,100

Studio To 1 Bedroom Rentals

Available Feb 28

48 Isabella St

TorontoONM4Y 1N2
property at 2 Bellwoods Park

$1,650 - $4,299

Studio To 4 Bedroom Rentals

Available Now

2 Bellwoods Park

TorontoONM6J 1S4
property at 445 Eglinton Ave E

$1,650 - $1,850

Studio To 1 Bedroom Rentals

Available Now

445 Eglinton Ave E

TorontoONM4P 1N1
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Upper Canada Apartments 165
$1,685 - $1,755Studio to 1 Bedroom Apartments Available Now

Upper Canada Apartments 165

165 Erskine AveToronto, ON M4P 2A1
Affordability
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  • Utilities Included
property at 100 Wellesley St E

$1,500 - $2,695

Studio To 3 Bedroom Rentals

Available Now

100 Wellesley St E

TorontoONM4Y 1H5
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Castlegate Apartments
Rent Specials
$1,700 - $2,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,700 - $2,750
Total Monthly Price
$1,700 - $2,750
Studio to 3 Bedroom Apartments Available Now

Castlegate Apartments

39-45 Parkcrest DrToronto, ON M1M 3S6
Student Housing
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  • Utilities Included
  • 3D Tour
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Pharmacy Place
$1,715 - $2,4851 to 2 Bedroom Apartments Available Now

Pharmacy Place

263-283 Pharmacy AveToronto, ON M1L 3E7
Affordability
  • Verified
  • Utilities Included
  • 3D Tour
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Academy Place
Rent Specials
$1,725 - $3,260
Total Monthly Price

Total Monthly Price

Base Rent
$1,725 - $3,260
Total Monthly Price
$1,725 - $3,260
1 to 3 Bedroom Apartments Available Now

Academy Place

2085-2101 Islington AveToronto, ON M9P 3R1
Student Housing
  • Verified
  • Utilities Included
  • Smoke Free
Showing Results 101-150, Page 3 of 15

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 $1,439.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Carrying Place Vista which is listed at $1,387, while the average apartment in Toronto costs $3,109.

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 1,150 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 $1,406 which is $1,703 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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.