Cheap Apartments for Rent in Toronto, ON from $700 (789 Rentals) Page 6 of 16

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

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Elm Grove
$1,815 - $2,6101 to 3 Bedroom Apartments Available Now

Elm Grove

80 Forest Manor RdToronto, ON M2J 1M6
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The Britt
Rent Specials
$1,820 - $4,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,820 - $4,650

Total Monthly Price
$1,820 - $4,650
Studio to 2 Bedroom Apartments Available Now

The Britt

31 Phipps StToronto, ON M4Y 0E5
Student Housing
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225 Van Horne Apartments
$1,825 - $2,5801 to 3 Bedroom Apartments Available Apr 1

225 Van Horne Apartments

225 Van Horne AveToronto, ON M2J 2T9
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property at 10 Teesdale Pl

$1,825 - $2,075

1 To 2 Bedroom Rentals

Available Now

10 Teesdale Pl

TorontoONM1L 1K9
property at 20 Teesdale Pl

$1,825 - $2,945

1 To 3 Bedroom Rentals

Available Now

20 Teesdale Pl

TorontoONM1L 1L1
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Laurel Grove
$1,830 - $2,4991 to 3 Bedroom Apartments Available Now

Laurel Grove

25 Parkway Forest DrToronto, ON M2J 1L4
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5249 Dundas Street W
Rent Specials
$1,836 - $2,842
Total Monthly Price

Total Monthly Price

Base Rent
$1,836 - $2,842

Total Monthly Price
$1,836 - $2,842
Studio to 2 Bedroom Apartments Available Now

5249 Dundas Street W

5249 Dundas St WToronto, ON M9B 1A5
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Fifeshire Towers
Rent Specials
$1,849 - $3,049
Total Monthly Price

Total Monthly Price

Base Rent
$1,849 - $3,049

Total Monthly Price
$1,849 - $3,049
1 to 3 Bedroom Apartments Available Now

Fifeshire Towers

6040 Bathurst StToronto, ON M2R 1Z7
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3000 Dufferin St
Rent Specials
$1,849 - $2,599
Total Monthly Price

Total Monthly Price

Base Rent
$1,849 - $2,599

Total Monthly Price
$1,849 - $2,599
1 to 2 Bedroom Apartments Available Now

3000 Dufferin St

3000 Dufferin StToronto, ON M6B 3T6
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property at 6 Kings Point Dr

$1,850 - $2,099

Total Monthly Price

Total Monthly Price

Base Rent
$1,850 - $2,099

Total Monthly Price
$1,850 - $2,099

1 To 2 Bedroom Homes for Rent

Available Now

6 Kings Point Dr

TorontoONM8Y 1Z4
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Upper Canada Court, West
$1,8601 Bedroom Apartments Available May 1

Upper Canada Court, West

110 Erskine AveToronto, ON M4P 2A1
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Sandalwood Manor
$1,869 - $2,579
Total Monthly Price

Total Monthly Price

Base Rent
$1,869 - $2,579

Total Monthly Price
$1,869 - $2,579
1 to 3 Bedroom Apartments Available Now

Sandalwood Manor

10-20 Trudelle StToronto, ON M1J 1Y9
Student Housing
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Montgomery Mills
$1,870 - $2,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,870 - $2,700

Total Monthly Price
$1,870 - $2,700
Studio to 2 Bedroom Apartments Available Now

Montgomery Mills

24 Mabelle AveToronto, ON M9A 4X6
Student Housing
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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.