
Cheap Apartments for Rent in Toronto, ON from $700 (855 Rentals) Page 5 of 18
Search the lowest-cost Apartments available for rent right now in Toronto.


145 St. George Street

535 The East Mall

Total Monthly Price
Cottingham Manor

7 Glazebrook Ave

102 Trethewey Dr

25 Mabelle

Wynford Central

2&4 Milepost

Total Monthly Price
Redpath Towers

Birchmount Park Towers

Highland Commons

48 Isabella St

153 St George St

391 Sherbourne Street

Godstone Place

1640 Lawrence

San Marino Place

The Richmond

608 Church Street

2040 EGLINTON AVE W

Total Monthly Price
Rexlington Heights

Eastmount Apartments

Total Monthly Price
Commonwealth Towers

Lord Dufferin Apartments

Total Monthly Price
Bela Square

Bexhill Court

25 St. Mary Street

4141 Bathurst

Total Monthly Price
31-35 St. Dennis Drive

15 Eastwood Rd

Trudelle Court Apartments

The Maples

Leaside Towers

Total Monthly Price
Centennial Towers

220 Redpath Ave

34 Dixington Cres

Station House on Bloor

Total Monthly Price
Terrace Wood

Total Monthly Price
Birch Towers

5 Donlands Ave

The Lincoln

1650 Bathurst

The Torontonian

Total Monthly Price
Willowridge Towers

La Corona

Faywood-Vinci Community

Laurel Grove

137 Brookhaven Dr
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 | $2,050 | $1,045 | $7,264 |
| Cheap Toronto 1 Bedroom Apartments | $2,528 | $895 | $10,000+ |
| Cheap Toronto 2 Bedroom Apartments | $3,263 | $1,350 | $10,000+ |
| Cheap Toronto 3 Bedroom Apartments | $4,078 | $1,569 | $10,000+ |
| Cheap Toronto 4 Bedroom Apartments | $5,413 | $1,019 | $10,000+ |
| Toronto 5 Bedroom Apartments | $14,610 | $1,000 | $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 $1,350.
What is the price of a cheap apartment in Toronto?
The cheapest apartment in Toronto is Bell Tower Residences which is listed at $1,285, while the average apartment in Toronto costs $5,748.
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 3,002 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 $1,177 which is $4,571 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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
