Cheap Apartments for Rent in Toronto, ON from $700 (661 Rentals) Page 6 of 14
Search the lowest-cost Apartments available for rent right now in Toronto.

Beach Park Apartments

91 Wellesley Street

Parkridge Apartments

869-875 Avenue Rd

Beach Suites

Fifeshire Towers

83 & 85 Silver Birch Avenue

St. Dennis Apartments

919 Dufferin

3000 Dufferin St

20 Prince Arthur Ave

58 Morningview Trl

20-2220 Soudan Ave

561 Sherbourne

Kennedy Apartments

Park Vista Apartments

Rosslyn Residence

2 Dorado Ct

West22

250 St Clair Ave. W.

2550 Kingston

345 Lonsdale

Litho

2560 Kingston

890 Jane St

Hunter's Lodge

898 Eglinton Ave E
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 | $2,094 | $1,045 | $10,000+ |
| Cheap Toronto 1 Bedroom Apartments | $2,415 | $895 | $10,000+ |
| Cheap Toronto 2 Bedroom Apartments | $3,089 | $1,559 | $10,000+ |
| Cheap Toronto 3 Bedroom Apartments | $3,856 | $1,180 | $10,000+ |
| Cheap Toronto 4 Bedroom Apartments | $4,320 | $1,459 | $10,000+ |
| Toronto 5 Bedroom Apartments | $1,045 | $1,045 | $1,045 |
Browse Top Apartments in Toronto
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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 $1,438.
What is the price of a cheap apartment in Toronto?
The cheapest apartment in Toronto is Carrying Place Vista which is listed at $1,313, while the average apartment in Toronto costs $3,313.
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 1,314 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 $865 which is $2,448 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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.






















