Cheap Studio Apartments for Rent in Toronto, ON from $1,045 (396 Rentals)

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650 Parliament St
Rent Specials
$1,300 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,150

Total Monthly Price
Varies
Studio Apartments Available Now

650 Parliament St

650 Parliament StToronto, ON M4X 1P8
Affordability
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  • Utilities Included
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440 Winona Drive
$1,300 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,300

Total Monthly Price
$1,300 - $2,300
Studio Apartments Available Now

440 Winona Drive

440 Winona DrToronto, ON M6E 3P9
Student Housing
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  • Utilities Included
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Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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15 Bater Ave
Rent Specials
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $2,100

Total Monthly Price
$1,400 - $2,100
Studio Apartments Available Now

15 Bater Ave

15 Bater AveToronto, ON M4K 2S4
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22 Oakmount
$1,400 - $1,950
Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $2,800

Total Monthly Price
$1,400 - $2,800
Studio Apartments Available Jul 31

22 Oakmount

22 Oakmount RdToronto, ON M6P 2M7
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260 Wellesley St E
Rent Specials
$1,450 - $1,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $2,950

Total Monthly Price
Varies
Studio Apartments Available Now

260 Wellesley St E

260 Wellesley St EToronto, ON M4X 1R2
Affordability
  • Verified
  • Utilities Included
  • 3D Tour

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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The Imperial
$1,450 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $2,550

Total Monthly Price
$1,450 - $2,550
Studio Apartments Available Now

The Imperial

130 Jameson AveToronto, ON M6K 2X4
Student Housing
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property at 2527 Lake Shore Blvd W

$1,490 - $2,295

Studio Rentals

Available Now

Mimico Estates

2527 Lake Shore Blvd W
TorontoONM8V 1E6

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Ava Manor
Rent Specials
$1,499
Total Monthly Price

Total Monthly Price

Base Rent
$1,499 - $3,457

Total Monthly Price
$1,499 - $3,457
Studio Apartments Available Now

Ava Manor

1862 Bathurst StToronto, ON M5P 3K8
Student Housing
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  • Utilities Included
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30 Springhurst Ave
Rent Specials
$1,500 - $2,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,150

Total Monthly Price
$1,500 - $2,150
Studio Apartments Available Now

30 Springhurst Ave

30 Springhurst AveToronto, ON M6K 1B3
Student Housing
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  • Utilities Included
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Upper Canada Apartments 165
$1,500Studio Apartments Available Sep 1

Upper Canada Apartments 165

165 Erskine AveToronto, ON M4P 2A1
Affordability
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  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 432 Jarvis St

$1,500 - $1,700

Studio Rentals

Available Now

432 Jarvis St

TorontoONM4Y 2H3
property at 10 Elvaston Dr

$1,525 - $2,575

Studio Rentals

Available Now

10 Elvaston Dr

TorontoONM4A 1M9

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Toronto, ON Local Guide

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $1,350.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is 7-9 Homewood Ave which is listed at $1,025, while the average apartment in Toronto costs $5,748.

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 3,002 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 $1,177 which is $4,571 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

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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.

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.