Cheap Studio Apartments for Rent in Toronto, ON from $1,045 (369 Rentals) Page 2 of 8

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100 Alexander Street
Rent Specials
$1,600 - $1,799
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,449
Total Monthly Price
$1,600 - $2,449
Studio Apartments Available Now

100 Alexander Street

100 Alexander StToronto, ON M4Y 1B7
Student Housing
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  • Utilities Included
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property at 1 Homewood Ave

$1,600 - $1,799

Studio Rentals

Available Now

1 Homewood Ave

TorontoONM4Y 2J8
property at 1 Oriole Rd

$1,615 - $2,290

Studio Rentals

Available Now

1 Oriole Rd

TorontoONM4V 2E7
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545 Sherbourne
Rent Specials
$1,625 - $1,675
Total Monthly Price

Total Monthly Price

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

545 Sherbourne

545 Sherbourne StToronto, ON M4X 1K8
Student Housing
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  • Utilities Included
  • 3D Tour
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Mid-Town Apartments
Rent Specials
$1,649
Total Monthly Price

Total Monthly Price

Base Rent
$1,649 - $2,539
Total Monthly Price
$1,649 - $2,539
Studio Apartments Available Now

Mid-Town Apartments

137 Isabella StToronto, ON M4Y 1P2
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  • Utilities Included
  • 3D Tour
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The Imperial
$1,670 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,670 - $2,550
Total Monthly Price
$1,670 - $2,550
Studio Apartments Available Now

The Imperial

130 Jameson AveToronto, ON M6K 2X4
Student Housing
  • Verified
  • Utilities Included
property at 411 Duplex Ave

$1,200 - $2,795

Studio Rentals

Available Now

411 Duplex Ave

TorontoONM4R 1V2
Showing Results 51-100, Page 2 of 8

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 $1,495.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is 80 St. Clair East which is listed at $1,140, while the average apartment in Toronto costs $4,917.

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 2,740 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 $1,273 which is $3,644 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 Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.