Cheap Apartments for Rent in Toronto, ON from $700 (661 Rentals) Page 4 of 14

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

property at 2707 Yonge St

$1,685 - $1,865

1 Bedroom Rentals

Available Now

2707 Yonge St

TorontoONM4N 2H8
property at 160 Balmoral Ave

$1,795 - $1,995

Studio To 1 Bedroom Rentals

Available Now

160 Balmoral Ave

TorontoONM4V 1J7
property at 250 St George St

$1,795 - $1,950

Studio To 1 Bedroom Rentals

Available Now

250 St George St

TorontoONM5R 3L8
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Upper Canada Court, West
$1,820 - $1,825Studio to 1 Bedroom Apartments Available Now

Upper Canada Court, West

110 Erskine AveToronto, ON M4P 2A1
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Laurel Grove
$1,835 - $2,7251 to 3 Bedroom Apartments Available Now

Laurel Grove

25 Parkway Forest DrToronto, ON M2J 1L4
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Elm Grove
$1,8351 Bedroom Apartments Contact Us For Availability

Elm Grove

80 Forest Manor RdToronto, ON M2J 1M6
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Showing Results 151-200, Page 4 of 14

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 $1,438.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Carrying Place Vista which is listed at $1,313, while the average apartment in Toronto costs $3,313.

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 1,314 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 $865 which is $2,448 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 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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.