Cheap Studio Apartments for Rent in Toronto, ON from C$800 (272 Rentals)Page 2 of 6

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property at 2928 Yonge St

2928 Yonge St

TorontoONM4N 2J9
property at 1 Oriole Rd

1 Oriole Rd

TorontoONM4V 2E7
property at 220 Redpath Ave

220 Redpath Ave

TorontoONM4P 1R2
property at 411 Duplex Ave

411 Duplex Ave

TorontoONM4R 1V2
property at 40 Gerrard St E

40 Gerrard St E

TorontoONM5B 1G3
property at 88 Bloor St E

88 Bloor St E

TorontoONM4W 3G9
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Balfour Square
from C$1,855Studio Apartments Available Now

Balfour Square

50 Rosehill AveToronto, ON M4T 2W7
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Showing Results 51-100, Page 2 of 6

Toronto, ON Area Reviews

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Dee • 4+ 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 C$1,500.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Bradley Court which is listed at C$1,045, while the average apartment in Toronto costs C$3,885.

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 7 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 C$156 which is C$3,729 cheaper than the average rent for all rentals in Toronto.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.