
Cheap Apartments for Rent in Toronto, ON from $700 (789 Rentals) Page 5 of 16
Search the lowest-cost Apartments available for rent right now in Toronto.


Spacious 1 Bedroom Apartment for rent

48 Isabella St

Total Monthly Price
Shoreline Towers

Total Monthly Price
2700 Bathurst Street

Total Monthly Price
Altair

299 Glenlake (Toronto) Limited

The Citadel

411 Eglinton Ave E

Total Monthly Price
Rexlington Heights

College Park

Total Monthly Price
45 Balliol Street

214 St George St

Tippett Park

20 Antrim

Bexhill Court

Total Monthly Price
Academy Place

St. Andrews Towers East

30 Tuxedo Ct

270 Sheldon Ave

585 Avenue Road

5 Capri Road

Total Monthly Price
85 Lowther Avenue

650 Eglinton Avenue West

Total Monthly Price
St. Andrews Towers | 14, 16, 20 Carluke

2960 Don Mills Rd

Total Monthly Price
Victoria Village Towers

111 and 121 Combermere Drive

3875 Sheppard Avenue East

Total Monthly Price
140 Carlton

Beach Suites

225 Davisville Avenue

10 Carabob Ct

Princeton Apartments

Shaughnessy Place

592-596 Church St & 67-71 Gloucester St

York Mills Apartments - 1200 York Mills

77 Mutual St

56 Bicknell Ave

Total Monthly Price
1475 King St W

Total Monthly Price
The Gateway

Cliffside Apartments

Total Monthly Price
25-35-45 Trudelle Street

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2313 Islington Ave

Total Monthly Price
2460-2500 Keele Street

60 Gloucester St

20 Prince Arthur Ave

153 St George St

Willowdale Apartments

Poplar Grove
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 | $1,990 | $1,045 | $10,000+ |
| Cheap Toronto 1 Bedroom Apartments | $2,429 | $895 | $10,000+ |
| Cheap Toronto 2 Bedroom Apartments | $3,229 | $950 | $10,000+ |
| Cheap Toronto 3 Bedroom Apartments | $4,208 | $1,569 | $10,000+ |
| Cheap Toronto 4 Bedroom Apartments | $6,516 | $1,384 | $10,000+ |
| Toronto 5 Bedroom Apartments | $24,045 | $10,000 | $10,000+ |
Browse Top Apartments in Toronto
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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 $1,495.
What is the price of a cheap apartment in Toronto?
The cheapest apartment in Toronto is Carrying Place Vista which is listed at $1,387, while the average apartment in Toronto costs $4,917.
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 2,740 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 $1,273 which is $3,644 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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.