
Cheap Apartments for Rent in Toronto, ON from $700 (707 Rentals) Page 5 of 15
Search the lowest-cost Apartments available for rent right now in Toronto.


1015 Dupont St

316 The Kingsway

585 Avenue Road

Highland Commons

Lakeview Towers

Cliffside Apartments

1475 King St W

2700 Bathurst Street

25-35-45 Trudelle Street

2460-2500 Keele Street

2313 Islington Ave

1294 Islington Ave

Tippett Park

Laurel Grove

Elm Grove

316-320 Lonsdale Road

320-342 Avenue Road

2110 Keele Street

Goldengate Apartments

Upper Canada Court, West

Godstone Place

Shaughnessy Place

10 Teesdale Pl

20 Teesdale Pl

Tobermory Terrace

25 Stong Court

Total Monthly Price
Elmpark Manor Apartments

2960 Don Mills Rd

Beach Park Apartments

Fifeshire Towers

Hunter's Lodge

Broadview Towers

330 Chisholm Ave

Casablanca

37 Sellers Ave

157 Wychwood Ave

20 Prince Arthur Ave

Palomar at Village Gate West

55 Brownlow Avenue

Ramsden Place

286 Finch Ave W

11 Dervock Crescent

Valley Court

Total Monthly Price
Sandalwood Manor

Lord Dufferin Apartments

24 Mabelle

Sierra at Village Gate West

Rockford

158 Ashdale Av
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 | $1,910 | $1,045 | $2,800 |
| Cheap Toronto 1 Bedroom Apartments | $2,295 | $800 | $5,000 |
| Cheap Toronto 2 Bedroom Apartments | $3,036 | $1,559 | $7,295 |
| Cheap Toronto 3 Bedroom Apartments | $3,890 | $1,509 | $10,000+ |
| Cheap Toronto 4 Bedroom Apartments | $3,628 | $1,459 | $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 $1,439.
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 $3,109.
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 1,150 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 $1,406 which is $1,703 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.