Cheap Apartments for Rent in Toronto, ON from $700 (877 Rentals) Page 8 of 18

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

property at 849 Bathurst St

$1,850 - $3,500

1 To 3 Bedroom Rentals

Available Now

849 Bathurst St

TorontoONM5R 3G2
property at 60 Gloucester St

$1,850 - $2,300

Studio To 1 Bedroom Rentals

Available Sep 1

60 Gloucester St

TorontoONM4Y 1L7
property at 25 Bay Mills Blvd

$1,855 - $2,650

Studio To 2 Bedroom Rentals

Available Now

Bay Mills Apartments

25 Bay Mills Blvd
TorontoONM1T 3P4
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The Quay - Tower III
Rent Specials
$1,857 - $3,677
Total Monthly Price

Total Monthly Price

Base Rent
$1,857 - $3,677

Total Monthly Price
$1,857 - $3,677
Studio to 3 Bedroom Apartments Available Now

The Quay - Tower III

370 Queens Quay WToronto, ON M5V 3J3
Student Housing
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  • Utilities Included
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Montgomery Mills
Rent Specials
$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
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890 Jane St
Rent Specials
$1,875 - $19,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,875 - $19,650

Total Monthly Price
$1,875 - $19,650
1 to 3 Bedroom Apartments Available Now

890 Jane St

890 Jane StToronto, ON M6N 4C6
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Academy Place
Rent Specials
$1,890 - $3,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,890 - $3,250

Total Monthly Price
$1,890 - $3,250
1 to 3 Bedroom Apartments Available Now

Academy Place

2085-2101 Islington AveToronto, ON M9P 3R1
Student Housing
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  • Utilities Included
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Brookbanks Apartments
Rent Specials
$1,895 - $3,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,895 - $3,100

Total Monthly Price
$1,895 - $3,100
1 to 4 Bedroom Apartments Available Now

Brookbanks Apartments

5 - 15 Brookbanks DrToronto, ON M3A 2S8
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Keele and Lawrence
Rent Specials
$1,895 - $2,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,895 - $2,300

Total Monthly Price
$1,895 - $2,300
1 to 2 Bedroom Apartments Available Now

Keele and Lawrence

1560 Lawrence Av WToronto, ON M6L 1B9
Student Housing
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Halsa
Rent Specials
$1,895 - $3,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,895 - $3,500

Total Monthly Price
$1,895 - $3,500
Studio to 2 Bedroom Apartments Available Now

Halsa

230 Royal York RdToronto, ON M8V 2V9
Corporate Housing
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21 Welsford Gdns
Rent Specials
$1,899 - $2,199
Total Monthly Price

Total Monthly Price

Base Rent
$1,899 - $2,199

Total Monthly Price
$1,899 - $2,199
1 to 2 Bedroom Apartments Available Now

21 Welsford Gdns

21 Welsford GdnsToronto, ON M3A 2P6
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property at 2 Superior Ave

$1,899 - $2,150

1 To 2 Bedroom Rentals

Available Now

2 Superior Ave

TorontoONM8V 2M3
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7 St. Dennis
Rent Specials
$1,900 - $3,049
Total Monthly Price

Total Monthly Price

Base Rent
$1,900 - $3,049

Total Monthly Price
$1,900 - $3,049
1 to 3 Bedroom Apartments Available Now

7 St. Dennis

7 St Dennis DrToronto, ON M3C 1E4
Affordability
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property at 480 Wilson Ave

$1,900 - $2,600

1 To 2 Bedroom Rentals

Available Now

480 Wilson Ave

TorontoONM3H 0G1

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 $1,400.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.