Cheap Apartments for Rent in Toronto, ON from $700 (875 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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Pharmacy Place
$1,645 - $2,795Studio to 3 Bedroom Apartments Available Now

Pharmacy Place

263-283 Pharmacy AveToronto, ON M1L 3E7
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Cottingham Manor
Rent Specials
$1,649 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,649 - $2,250

Total Monthly Price
$1,649 - $2,250
Studio to 1 Bedroom Apartments Available Now

Cottingham Manor

291 Avenue RdToronto, ON M4V 2G9
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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
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30 Springhurst Ave
Rent Specials
$1,650 - $2,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $2,400

Total Monthly Price
$1,650 - $2,400
Studio to 1 Bedroom Apartments Available Now

30 Springhurst Ave

30 Springhurst AveToronto, ON M6K 1B3
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property at 445 Eglinton Ave E

$1,600 - $1,800

Studio To 1 Bedroom Rentals

Available Now

445 Eglinton Ave E

TorontoONM4P 1N1
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Cliffside Apartments
Rent Specials
$1,668 - $3,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,668 - $3,000

Total Monthly Price
$1,668 - $3,000
1 to 3 Bedroom Apartments Available Sep 1

Cliffside Apartments

2382 Kingston RdToronto, ON M1N 0C5
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565 Sherbourne St
Rent Specials
$1,675 - $3,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,675 - $3,350

Total Monthly Price
$1,675 - $3,350
Studio to 3 Bedroom Apartments Available Now

565 Sherbourne St

565 Sherbourne StToronto, ON M4X 1W7
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Biggin Court Apartments
Rent Specials
$1,675 - $2,249
Total Monthly Price

Total Monthly Price

Base Rent
$1,675 - $2,249

Total Monthly Price
$1,675 - $2,249
1 to 2 Bedroom Apartments Available Now

Biggin Court Apartments

2 Biggin CtToronto, ON M4A 1L9
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property at 10 Teesdale Pl

$1,675 - $2,225

1 To 2 Bedroom Rentals

Available Now

10 Teesdale Pl

TorontoONM1L 1K9
property at 160 Balmoral Ave

$1,675 - $1,895

Studio To 1 Bedroom Rentals

Available Sep 1

160 Balmoral Ave

TorontoONM4V 1J7
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Upper Canada Court, West
$1,685 - $2,349Studio to 2 Bedroom Apartments Available Oct 1

Upper Canada Court, West

110 Erskine AveToronto, ON M4P 2A1
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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
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property at 1233 Yonge St

$1,695 - $2,195

1 To 2 Bedroom Rentals

Available Now

1233 Yonge St

TorontoONM4T 1W4

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 $1,400.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

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.