Cheap Apartments for Rent in Toronto, ON from $700 (839 Rentals) Page 3 of 17

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

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440 Winona Drive
$1,600 - $2,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,300

Total Monthly Price
$1,600 - $2,300
Studio to 2 Bedroom Apartments Available Now

440 Winona Drive

440 Winona DrToronto, ON M6E 3P9
Student Housing
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100 Alexander Street
Rent Specials
$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 Contact Us For Availability

100 Alexander Street

100 Alexander StToronto, ON M4Y 1B7
Student Housing
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  • Utilities Included
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1524 Bathurst Street
Rent Specials
$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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Shorecrest Apartments
$1,600 - $2,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,750

Total Monthly Price
$1,600 - $2,750
Studio to 3 Bedroom Apartments Available Now

Shorecrest Apartments

35 Spencer AveToronto, ON M6K 1G8
Student Housing
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  • Utilities Included
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Upper Canada Court, West
$1,625 - $1,775Studio to 1 Bedroom Apartments Available Now

Upper Canada Court, West

110 Erskine AveToronto, ON M4P 2A1
Affordability
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  • Utilities Included
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545 & 555 Sherbourne
Rent Specials
$1,625 - $2,625
Total Monthly Price

Total Monthly Price

Base Rent
$1,625 - $2,625

Total Monthly Price
$1,625 - $2,625
Studio to 2 Bedroom Apartments Available Now

545 & 555 Sherbourne

545 Sherbourne StToronto, ON M4X 1W6
Student Housing
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  • Utilities Included
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property at 100 Wellesley St E

$1,500 - $2,695

Studio To 3 Bedroom Rentals

Available Now

Wellesley Apartments

100 Wellesley St E
TorontoONM4Y 1H5
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Warren Court Apartments
Rent Specials
$1,650 - $2,690
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $2,690

Total Monthly Price
$1,650 - $2,690
Studio to 3 Bedroom Apartments Available Now

Warren Court Apartments

3000 Victoria Park AveToronto, ON M2J 4Y2
Affordability
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Toronto, ON Area Reviews

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Dee4+ 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 $1,387.

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

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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.

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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.

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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.

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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.