
Cheap Apartments for Rent in Toronto, ON from $700 (877 Rentals) Page 6 of 18
Search the lowest-cost Apartments available for rent right now in Toronto.


3 Broadway

Liberty House

Royale Towers

Total Monthly Price
Redpath Towers

Weston Towers II

Hopewell Court

Total Monthly Price
Emery Crossing West

20 Teesdale Pl

Livonia Apartments

420 Eglinton Ave E

2099 Yonge St

135 Earl Pl

Total Monthly Price
1299 Bayview Av, Unit B

185 Shaughnessy Blvd

Promenade Apartments

Davette Apartments

Total Monthly Price
20 Antrim

14-22 Tichester Rd

Roanoke Apartments

Sheppard Manor Apartments

West Park Village Apartments

585 Avenue Road

390 Dawes Road

48 Grenoble Drive

5 Capri Road

85 Lowther Avenue

Total Monthly Price
898 Jane St

Total Monthly Price
140 Carlton

Total Monthly Price
6171 Bathurst St

Total Monthly Price
30 Gilder Dr

Total Monthly Price
2960 Don Mills Rd

Total Monthly Price
Victoria Village Towers

Queensview Apartments

Total Monthly Price
Commonwealth Towers

3890 Bathurst

35 Tobermory Dr

3000 Dufferin St

Total Monthly Price
3111 Eglinton

77 Mutual St

224 St George St

36 Payzac Av

Total Monthly Price
St. Andrews Towers East

Rideau Towers

710 Spadina Ave.

2700 Bathurst Street

Bayview Square North

Total Monthly Price
Lakeview Towers

The Gateway

2460-2500 Keele Street
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 | $1,909 | $995 | $8,290 |
| Cheap Toronto 1 Bedroom Apartments | $2,374 | $895 | $10,000+ |
| Cheap Toronto 2 Bedroom Apartments | $3,159 | $1,550 | $10,000+ |
| Cheap Toronto 3 Bedroom Apartments | $4,078 | $1,569 | $10,000+ |
| Cheap Toronto 4 Bedroom Apartments | $4,433 | $1,119 | $8,642 |
| Toronto 5 Bedroom Apartments | $16,752 | $8,900 | $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 $1,400.
What is the price of a cheap apartment in Toronto?
The cheapest apartment in Toronto is Robina Suites which is listed at $1,399, while the average apartment in Toronto costs $2,538.
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 3,096 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 $1,173 which is $1,365 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.

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.