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Helen Towers
833 Kennedy RdToronto, ON M1K 2E3
Cheap Apartments for Rent in Toronto, ON from C$700 (443 Rentals) Page 4 of 9
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from C$1,899Studio to 3 Bedroom Apartments Available Now
Four Thousand Yonge Street
4000 Yonge StToronto, ON M4N 2N9
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Ravine Park Apartments
2303 Eglinton Ave EToronto, ON M1K 2N6
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from C$1,8991 to 3 Bedroom Apartments Available Now
Rexlington Heights
9-27 Bergamot AveToronto, ON M9W 3X1
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from C$1,899Studio to 3 Bedroom Apartments Available Now
Parkside Square
55 Smooth Rose CrtToronto, ON M2J 0G7
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from C$1,899Studio Apartments Contact Us For Availability
2701 Eglinton Ave W
2701 Eglinton Ave WToronto, ON M6M 1T9
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313 The Kingsway
TorontoONM9A 3V3
73 Bogert Av
TorontoONM2N 1K5
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from C$1,9001 to 2 Bedroom Apartments Available Now
45 Balliol Street
45 Balliol StToronto, ON M4S 1C3
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2 Dorado Ct
2 Dorado CtToronto, ON M3M 2T3
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from C$1,900Studio to 1 Bedroom Apartments Available Now
10 Walmer Road
10 Walmer RdToronto, ON M5R 2W4
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from C$1,900Studio to 3 Bedroom Apartments Available Now
2550 Kingston
2550 Kingston RdToronto, ON M1M 1L9
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from C$1,9001 to 2 Bedroom Apartments Available Aug 1
11 Eccleston Drive
11 Eccleston DrToronto, ON M4A 1K2
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from C$1,9001 to 3 Bedroom Apartments Available Now
5 Capri Road
5 Capri RdToronto, ON M9B 6B9
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from C$1,900Studio to 2 Bedroom Apartments Available Now
Faywood-Vinci Community
59 Vinci CresToronto, ON M3H 2Y9
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from C$1,9001 to 2 Bedroom Apartments Available Jul 1
50 Eccleston Drive
50 Eccleston DrToronto, ON M4A 1K8
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from C$1,900Studio to 3 Bedroom Apartments Available Now
2560 Kingston
2560 Kingston RdToronto, ON M1M 1L9
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from C$1,900Studio to 2 Bedroom Apartments Available Jul 1, 2026
2 Swift Drive
2 Swift DrToronto, ON M4A 2A3
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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 | C$2,058 | C$1,045 | C$5,780 |
| Cheap Toronto 1 Bedroom Apartments | C$2,451 | C$890 | C$6,470 |
| Cheap Toronto 2 Bedroom Apartments | C$3,170 | C$1,700 | C$10,000 |
| Cheap Toronto 3 Bedroom Apartments | C$4,201 | C$2,400 | C$10,000 |
| Cheap Toronto 4 Bedroom Apartments | C$5,170 | C$1,350 | C$10,000 |
| Toronto 5 Bedroom Apartments | C$4,890 | C$4,890 | C$4,890 |
Browse Top Apartments in Toronto
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Toronto, ON Area Reviews
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Write a ReviewDee • 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 C$1,500.
What is the price of a cheap apartment in Toronto?
The cheapest apartment in Toronto is Carrying Place Vista which is listed at C$1,313, while the average apartment in Toronto costs C$3,335.
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 12 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 C$275 which is C$3,060 cheaper than the average rent for all rentals in Toronto.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.