Cheap Apartments for Rent in Toronto, ON from $700 (789 Rentals) Page 5 of 16

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

property at 48 Isabella St

$1,650 - $2,100

Studio To 1 Bedroom Rentals

Available Now

48 Isabella St

TorontoONM4Y 1N2
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Shoreline Towers
Rent Specials
$1,757 - $2,697
Total Monthly Price

Total Monthly Price

Base Rent
$1,757 - $2,697

Total Monthly Price
$1,757 - $2,697
Studio to 3 Bedroom Apartments Available Now

Shoreline Towers

2313-2323 Lakeshore Blvd WToronto, ON M8V 1B4
Student Housing
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2700 Bathurst Street
Rent Specials
$1,757 - $2,397
Total Monthly Price

Total Monthly Price

Base Rent
$1,757 - $2,397

Total Monthly Price
$1,757 - $2,397
Studio to 2 Bedroom Apartments Available Now

2700 Bathurst Street

2700 Bathurst StToronto, ON M6B 2Z7
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Altair
Rent Specials
$1,760 - $2,990
Total Monthly Price

Total Monthly Price

Base Rent
$1,760 - $2,990

Total Monthly Price
$1,760 - $2,990
Studio to 3 Bedroom Apartments Available Now

Altair

15 Martha Eaton WayToronto, ON M6M 5B5
Student Housing
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Rexlington Heights
Rent Specials
$1,779 - $2,679
Total Monthly Price

Total Monthly Price

Base Rent
$1,779 - $2,679

Total Monthly Price
$1,779 - $2,679
1 to 2 Bedroom Apartments Available Now

Rexlington Heights

9-27 Bergamot AveToronto, ON M9W 3X1
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45 Balliol Street
Rent Specials
$1,785 - $2,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,785 - $2,500

Total Monthly Price
$1,785 - $2,500
Studio to 1 Bedroom Apartments Available Now

45 Balliol Street

45 Balliol StToronto, ON M4S 1C3
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Academy Place
Rent Specials
$1,795 - $3,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,795 - $3,370

Total Monthly Price
$1,795 - $3,370
1 to 3 Bedroom Apartments Available Now

Academy Place

2085-2101 Islington AveToronto, ON M9P 3R1
Student Housing
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property at 30 Tuxedo Ct

$1,795 - $2,295

Studio To 2 Bedroom Rentals

Available Now

30 Tuxedo Ct

TorontoONM1G 3S8
property at 270 Sheldon Ave

$1,795 - $2,895

Studio To 3 Bedroom Rentals

Available Now

270 Sheldon Ave

TorontoONM8W 4M1
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85 Lowther Avenue
Rent Specials
$1,797 - $2,097
Total Monthly Price

Total Monthly Price

Base Rent
$1,797 - $2,097

Total Monthly Price
$1,797 - $2,097
Studio to 1 Bedroom Apartments Available Apr 1

85 Lowther Avenue

85 Lowther AveToronto, ON M5S 2E5
Student Housing
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Victoria Village Towers
$1,799 - $3,849
Total Monthly Price

Total Monthly Price

Base Rent
$1,799 - $3,849

Total Monthly Price
$1,799 - $3,849
Studio to 3 Bedroom Apartments Available Now

Victoria Village Towers

1704 Victoria Park AveToronto, ON M1R 1R5
Student Housing
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140 Carlton
$1,799 - $2,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,799 - $2,700

Total Monthly Price
$1,799 - $2,700
1 to 2 Bedroom Apartments Available Now

140 Carlton

140 Carlton StToronto, ON M5A 3W7
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Shaughnessy Place
$1,7991 Bedroom Apartments Available Apr 1

Shaughnessy Place

175 Shaughnessy BlvdToronto, ON M2J 1K3
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1475 King St W
$1,800 - $2,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,800 - $2,100

Total Monthly Price
$1,800 - $2,100
1 to 2 Bedroom Apartments Available Now

1475 King St W

1475 King St WToronto, ON M6K 1J3
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The Gateway
Rent Specials
$1,800 - $2,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,800 - $2,800

Total Monthly Price
$1,800 - $2,800
1 to 3 Bedroom Apartments Available Now

The Gateway

200 Gateway BlvdToronto, ON M3C 1B5
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2460-2500 Keele Street
$1,800 - $2,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,800 - $2,400

Total Monthly Price
$1,800 - $2,400
Studio to 2 Bedroom Apartments Available Now

2460-2500 Keele Street

2500 Keele StToronto, ON M6L 2N5
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property at 60 Gloucester St

$1,800 - $1,850

Studio To 1 Bedroom Rentals

Available Now

60 Gloucester St

TorontoONM4Y 1L7
property at 153 St George St

$1,800 - $2,200

Studio To 1 Bedroom Rentals

Available Now

153 St George St

TorontoONM5R 2L9
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Poplar Grove
$1,805 - $2,5901 to 3 Bedroom Apartments Available Now

Poplar Grove

125 Parkway Forest DrToronto, ON M2J 1L7
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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 $1,495.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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.