
Cheap Apartments for Rent in Toronto, ON from $700 (875 Rentals) Page 4 of 18
Search the lowest-cost Apartments available for rent right now in Toronto.


320-342 Avenue Road

Total Monthly Price
1 Springhurst Ave

Total Monthly Price
Cottingham Manor

Goldengate

Islington Towers

165-195 Barrington Ave

Total Monthly Price
Rosedale East

Total Monthly Price
30 Springhurst Ave

21 Park Boulevard

2707 Yonge St

1545 Birchmount Rd

134 Carlton St.

445 Eglinton Ave E

1660 Bathurst Street

90 Eastdale

Total Monthly Price
Cliffside Apartments

Gowan Court

Northcliffe Heights

100 Spadina Road

633 Northcliffe Boulevard

Ridge Hill Manor

Faywood-Vinci Community

Total Monthly Price
565 Sherbourne St

Total Monthly Price
Biggin Court Apartments

10 Teesdale Pl

160 Balmoral Ave

Upper Canada Court, West

Yonge Eglinton Apartments — Orchard View

Yonge Eglinton Apartments — Orchard View

1 Homewood Ave

10 Hogan Dr

464 & 448 Spadina Rd

166 Eastbourne Ave

San Marino Place

Total Monthly Price
Davick Court - 42, 44 & 46 Saranac Blvd

Fontainebleu

595 St Clair Ave W

1233 Yonge St

650 Eglinton Avenue West

145 St. George Street

Ramsden Place

The Fleetwood

310-312 LONSDALE RD

225 Davisville Avenue

Midland Complex

25 Mabelle

Total Monthly Price
Clearview on the Park

102 Trethewey Dr

1617 Victoria Park Ave
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 | $1,909 | $995 | $8,290 |
| Cheap Toronto 1 Bedroom Apartments | $2,374 | $895 | $10,000+ |
| Cheap Toronto 2 Bedroom Apartments | $3,159 | $1,550 | $10,000+ |
| Cheap Toronto 3 Bedroom Apartments | $4,078 | $1,569 | $10,000+ |
| Cheap Toronto 4 Bedroom Apartments | $4,433 | $1,119 | $8,642 |
| Toronto 5 Bedroom Apartments | $16,752 | $8,900 | $10,000+ |
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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 $1,400.
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

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.

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.

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.

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.