Cheap Apartments for Rent in Toronto, ON from $700 (855 Rentals) Page 5 of 18

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

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Cottingham Manor
Rent Specials
$1,699 - $2,345
Total Monthly Price

Total Monthly Price

Base Rent
$1,699 - $2,345

Total Monthly Price
$1,699 - $2,345
Studio to 1 Bedroom Apartments Available Now

Cottingham Manor

291 Avenue RdToronto, ON M4V 2G9
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Redpath Towers
Rent Specials
$1,700 - $2,525
Total Monthly Price

Total Monthly Price

Base Rent
$1,700 - $2,525

Total Monthly Price
$1,700 - $2,525
Studio to 2 Bedroom Apartments Available Now

Redpath Towers

95 Redpath AveToronto, ON M4S 2K1
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property at 48 Isabella St

$1,599 - $1,899

Studio To 1 Bedroom Rentals

Available Jul 1

48 Isabella St

TorontoONM4Y 1N2
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Godstone Place
$1,710 - $2,0751 to 2 Bedroom Apartments Available Now

Godstone Place

30 Godstone RdToronto, ON M2J 2Z7
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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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property at 33 Eastmount Ave

$1,730 - $1,950

Studio To 1 Bedroom Rentals

Available Now

Eastmount Apartments

33 Eastmount Ave
TorontoONM4K 1V3
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Commonwealth Towers
Rent Specials
$1,737 - $3,447
Total Monthly Price

Total Monthly Price

Base Rent
$1,737 - $3,447

Total Monthly Price
$1,737 - $3,447
Studio to 2 Bedroom Apartments Available Now

Commonwealth Towers

40-60 Pleasant BlvdToronto, ON M4T 1J9
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Bela Square
Rent Specials
$1,742 - $4,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,742 - $4,300

Total Monthly Price
$1,742 - $4,300
1 to 4 Bedroom Apartments Available Now

Bela Square

100 Eastdale AvToronto, ON M4C 0B6
Student Housing
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Centennial Towers
Rent Specials
$1,750 - $3,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $3,100

Total Monthly Price
$1,750 - $3,100
1 to 3 Bedroom Apartments Available Now

Centennial Towers

65 Thorncliffe Park DrToronto, ON M4H 1L2
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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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Birch Towers
Rent Specials
$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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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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Laurel Grove
$1,750 - $2,5751 to 3 Bedroom Apartments Available Jul 1

Laurel Grove

25 Parkway Forest DrToronto, ON M2J 1L4
Affordability
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property at 137 Brookhaven Dr

$1,750 - $2,195

1 To 2 Bedroom Rentals

Available Jul 1

137 Brookhaven Dr

TorontoONM6M 4P1

Toronto, ON Area Reviews

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Dee4+ 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 $1,350.

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

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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.

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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.

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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.

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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.