Cheap Apartments for Rent in Toronto, ON from $700 (707 Rentals) Page 4 of 15

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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
close
View Me
Promenade Apartments
$1,785 - $2,1951 to 2 Bedroom Apartments Available Now

Promenade Apartments

2301 Lakeshore Blvd WToronto, ON M8V 1A7
Affordability
  • Verified
  • Utilities Included
  • Smoke Free
close
View Me
Royale Towers
$1,785 - $2,6951 to 3 Bedroom Apartments Available Now

Royale Towers

335 Van Horne AveToronto, ON M2J 3K3
Affordability
  • Verified
  • Utilities Included
  • Smoke Free
close
View Me
100 Alexander Street
Rent Specials
$1,799 - $2,149
Total Monthly Price

Total Monthly Price

Base Rent
$1,799 - $2,149
Total Monthly Price
$1,799 - $2,149
Studio to 1 Bedroom Apartments Available Now

100 Alexander Street

100 Alexander StToronto, ON M4Y 1B7
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
close
View Me
Victoria Village Towers
$1,799 - $3,849
Total Monthly Price

Total Monthly Price

Base Rent
$1,799 - $3,849
Total Monthly Price
$1,799 - $3,849
Studio to 3 Bedroom Apartments Available Now

Victoria Village Towers

1704 Victoria Park AveToronto, ON M1R 1R5
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
property at 350 Winona Dr

$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

350 Winona Dr

TorontoONM6C 3T3
Showing Results 151-200, Page 4 of 15

Toronto, ON Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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.