Cheap Apartments for Rent in Toronto, ON from $700 (839 Rentals) Page 5 of 17

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Search the lowest-cost Apartments available for rent right now in Toronto.

property at 48 Isabella St

$1,700 - $1,899

Studio To 1 Bedroom Rentals

Available Jul 1

48 Isabella St

TorontoONM4Y 1N2
property at 432 Jarvis St

$1,525 - $1,700

Studio Rentals

Available Now

432 Jarvis St

TorontoONM4Y 2H3
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Shaughnessy Place
$1,710 - $2,2101 to 2 Bedroom Apartments Available Jun 1

Shaughnessy Place

175 Shaughnessy BlvdToronto, ON M2J 1K3
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Godstone Place
$1,715 - $2,0851 to 2 Bedroom Apartments Available Now

Godstone Place

30 Godstone RdToronto, ON M2J 2Z7
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property at 135 Earl Pl

$1,725 - $2,200

Studio To 2 Bedroom Rentals

Available Now

135 Earl Pl

TorontoONM4Y 1M4
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Rexlington Heights
Rent Specials
$1,729 - $2,679
Total Monthly Price

Total Monthly Price

Base Rent
$1,729 - $2,679
Total Monthly Price
$1,729 - $2,679
1 to 2 Bedroom Apartments Available Now

Rexlington Heights

9-27 Bergamot AveToronto, ON M9W 3X1
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Commonwealth Towers
$1,737 - $3,497
Total Monthly Price

Total Monthly Price

Base Rent
$1,737 - $3,497
Total Monthly Price
$1,737 - $3,497
Studio to 2 Bedroom Apartments Available Now

Commonwealth Towers

40-60 Pleasant BlvdToronto, ON M4T 1J9
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Laurel Grove
$1,745 - $1,9951 to 2 Bedroom Apartments Available Now

Laurel Grove

25 Parkway Forest DrToronto, ON M2J 1L4
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Birch Towers
$1,750 - $2,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $2,700
Total Monthly Price
$1,750 - $2,700
1 to 3 Bedroom Apartments Available Now

Birch Towers

560 Birchmount RdToronto, ON M1K 1P2
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Terrace Wood
$1,750 - $2,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $2,150
Total Monthly Price
$1,750 - $2,150
1 to 2 Bedroom Apartments Available Now

Terrace Wood

45 Driftwood AveToronto, ON M3N 2M4
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property at 6 Kings Point Dr

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

1 Bedroom, 1 Bath Home for Rent

Available Now

6 Kings Point Dr

TorontoONM8Y 1Z4
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Centennial Towers
Rent Specials
$1,750 - $3,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $3,500
Total Monthly Price
$1,750 - $3,500
1 to 3 Bedroom Apartments Available Now

Centennial Towers

65 Thorncliffe Park DrToronto, ON M4H 1L2
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20 Antrim
Rent Specials
$1,750 - $2,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $2,850
Total Monthly Price
$1,750 - $2,850
1 to 3 Bedroom Apartments Available Now

20 Antrim

20 Antrim CresToronto, ON M1P 4N3
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Willowridge Towers
Rent Specials
$1,750 - $2,900
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $2,900
Total Monthly Price
$1,750 - $2,900
1 to 4 Bedroom Apartments Available Now

Willowridge Towers

10-22 Willowridge RdToronto, ON M9R 3Y9
Student Housing
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property at 270 Sheldon Ave

$1,750 - $2,795

Studio To 3 Bedroom Rentals

Available Now

Sheldon Towers

270 Sheldon Ave
TorontoONM8W 4M1
property at 103 Avenue Rd

$1,750 - $3,500

Studio To 2 Bedroom Rentals

Available Now

103 Avenue Rd

TorontoONM5R 2G9
property at 710 Spadina Ave.

$1,700 - $2,900

Studio To 2 Bedroom Rentals

Available Now

710 Spadina Ave.

TorontoONM5S 2J3
property at 250 St George St

$1,700 - $1,900

Studio To 1 Bedroom Rentals

Available Now

250 St George St

TorontoONM5R 3L8
Showing Results 201-250, Page 5 of 17

Toronto, ON Area Reviews

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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 $1,387.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is 2346 Weston which is listed at $1,387, while the average apartment in Toronto costs $5,848.

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 3,414 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 $1,316 which is $4,532 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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.