Cheap Apartments for Rent in Toronto, ON from $700 (855 Rentals) Page 4 of 18

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

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2Fifteen
Rent Specials
$1,650 - $4,820
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $4,820
Total Monthly Price
$1,650 - $4,820
Studio to 4 Bedroom Apartments Available Now

2Fifteen

215 Lonsdale RdToronto, ON M4V 2K8
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Pharmacy Place
$1,650 - $2,1901 to 2 Bedroom Apartments Available Now

Pharmacy Place

263-283 Pharmacy AveToronto, ON M1L 3E7
Affordability
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  • Utilities Included
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Rosedale East
Rent Specials
$1,650 - $2,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $2,600
Total Monthly Price
$1,650 - $2,600
Studio to 2 Bedroom Apartments Available Now

Rosedale East

50-70 Cambridge AveToronto, ON M4K 2L3
Affordability
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property at 2707 Yonge St

$1,650 - $2,395

1 To 2 Bedroom Rentals

Available Now

2707 Yonge St

TorontoONM4N 2H8
property at 445 Eglinton Ave E

$1,650 - $2,000

Studio To 1 Bedroom Rentals

Available Now

445 Eglinton Ave E

TorontoONM4P 1N1
property at 36 Brunswick Ave

$1,650 - $3,750

Studio To 3 Bedroom Rentals

Available Now

36 Brunswick Ave

TorontoONM5S 2L7
property at 214 St George St

$1,650 - $1,900

Studio To 1 Bedroom Rentals

Available Jul 1

214 St George St

TorontoONM5R 2N8
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Cliffside Apartments
Rent Specials
$1,668 - $2,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,668 - $2,400
Total Monthly Price
$1,668 - $2,400
1 Bedroom Apartments Available Aug 1

Cliffside Apartments

2382 Kingston RdToronto, ON M1N 0C5
Affordability
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property at 20 Teesdale Pl

$1,675 - $2,875

1 To 3 Bedroom Rentals

Available Now

20 Teesdale Pl

TorontoONM1L 1L1
property at 10 Teesdale Pl

$1,675 - $2,095

1 To 2 Bedroom Rentals

Available Now

10 Teesdale Pl

TorontoONM1L 1K9
property at 1 Homewood Ave

$1,689 - $1,889

Studio To 1 Bedroom Rentals

Available Now

1 Homewood Ave

TorontoONM4Y 2J8
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Fontainebleu
$1,695Studio Apartments Contact Us For Availability

Fontainebleu

130 Rosedale Valley RdToronto, ON M4W 1P6
Affordability
  • Verified
  • Utilities Included
  • 3D Tour
property at 1233 Yonge St

$1,695 - $2,195

1 To 2 Bedroom Rentals

Available Now

1233 Yonge St

TorontoONM4T 1W4
property at 480 Wilson Ave

$1,695 - $2,350

Studio To 2 Bedroom Rentals

Available Jul 1

480 Wilson Ave

TorontoONM3H 0G1
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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 $1,350.

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

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.