Cheap Apartments for Rent in Toronto, ON from $700 (661 Rentals) Page 5 of 14

How Many Bedrooms?Done
Select your price rangeDone
to
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.

close
View Me
Shaughnessy Place
$1,845 - $2,2251 to 2 Bedroom Apartments Available Now

Shaughnessy Place

175 Shaughnessy BlvdToronto, ON M2J 1K3
Affordability
  • Verified
  • Utilities Included
  • 3D Tour
close
View Me
Poplar Grove
$1,845 - $2,7851 to 3 Bedroom Apartments Available Now

Poplar Grove

125 Parkway Forest DrToronto, ON M2J 1L7
Affordability
  • Verified
  • Utilities Included
  • 3D Tour
property at 350 Winona Dr

$1,850

1 Bedroom, 1 Bath Home for Rent

Available Now

350 Winona Dr

TorontoONM6C 3T3
property at 1050 Markham Rd

$1,850 - $2,295

1 To 2 Bedroom Rentals

Available Now

1050 Markham Rd

TorontoONM1H 2Y7
property at 1294 Islington Ave

$1,850 - $2,150

1 To 2 Bedroom Rentals

Available Jan 1, 2026

1294 Islington Ave

TorontoONM9A 3K2
property at 25 Bay Mills Blvd

$1,885 - $3,070

Studio To 3 Bedroom Rentals

Available Now

25 Bay Mills Blvd

TorontoONM1T 3P4
property at 20 Shallmar Blvd

$1,895 - $2,585

1 To 2 Bedroom Rentals

Available Now

20 Shallmar Blvd

TorontoONM5N 1J5
property at 9 Roanoke Rd

$1,895 - $2,390

1 To 2 Bedroom Rentals

Available Now

9 Roanoke Rd

TorontoONM3A 1E3
property at 30 Livonia Pl

$1,895 - $2,295

1 To 2 Bedroom Rentals

Available Now

30 Livonia Pl

TorontoONM1E 4W7
property at 30 Tuxedo Ct

$1,895 - $2,350

1 To 2 Bedroom Rentals

Available Now

30 Tuxedo Ct

TorontoONM1G 3S8
property at 15 Tangreen Ct

$1,895 - $2,795

1 To 3 Bedroom Rentals

Available Now

15 Tangreen Ct

TorontoONM2M 3Z1
property at 270 Sheldon Ave

$1,895 - $2,850

Studio To 3 Bedroom Rentals

Available Now

270 Sheldon Ave

TorontoONM8W 4M1
Showing Results 201-250, Page 5 of 14

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 $1,438.

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.