Cheap Studio Apartments for Rent in Toronto, ON from $995 (391 Rentals) Page 2 of 8

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property at 222 Broadway Av

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

Studio, 1 Bath Home for Rent

Available Now

222 Broadway Av

TorontoONM4P 1V9
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The Summit
$1,555 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,555 - $1,795

Total Monthly Price
Varies
Studio Apartments Available Now

The Summit

280 St George StToronto, ON M5R 2P7
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
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Imperial Towers
Rent Specials
$1,579
Total Monthly Price

Total Monthly Price

Base Rent
$1,579 - $2,500

Total Monthly Price
$1,579 - $2,500
Studio Apartments Available Now

Imperial Towers

90 Tyndall AveToronto, ON M6K 1G3
Student Housing
  • Verified
  • 3D Tour
  • Smoke Free
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470 Sentinel Road
Rent Specials
$1,579 - $1,679
Total Monthly Price

Total Monthly Price

Base Rent
$1,579 - $2,650

Total Monthly Price
$1,579 - $2,650
Studio Apartments Contact Us For Availability

470 Sentinel Road

470 Sentinel RdToronto, ON M3J 1V6
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

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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545 & 555 Sherbourne
Rent Specials
$1,590 - $1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,590 - $2,625

Total Monthly Price
$1,590 - $2,625
Studio Apartments Available Now

545 & 555 Sherbourne

545 Sherbourne StToronto, ON M4X 1W6
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

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.

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Northwoods Village
Rent Specials
$1,599
Total Monthly Price

Total Monthly Price

Base Rent
$1,599 - $2,649

Total Monthly Price
$1,599 - $2,649
Studio Apartments Contact Us For Availability

Northwoods Village

32-51 Brookwell DrToronto, ON M3M 2Y1
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

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.

property at 10 Elvaston Dr

$1,600 - $2,575

Studio Rentals

Available Now

10 Elvaston Dr

TorontoONM4A 1M9
property at 432 Jarvis St

$1,525 - $1,700

Studio Rentals

Available Now

432 Jarvis St

TorontoONM4Y 2H3

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Ava Manor
Rent Specials
$1,609
Total Monthly Price

Total Monthly Price

Base Rent
$1,609 - $3,457

Total Monthly Price
$1,609 - $3,457
Studio Apartments Available Now

Ava Manor

1862 Bathurst StToronto, ON M5P 3K8
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
property at 1 Oriole Rd

$1,620 - $2,195

Studio Rentals

Available Now

Oriole Apartments

1 Oriole Rd
TorontoONM4V 2E7

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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 Bradley Court which is listed at $1,099, 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 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.

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

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.