Cheap Studio Apartments for Rent in Toronto, ON from $1,045 (357 Rentals) Page 2 of 8

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property at 1 Homewood Ave

$1,600 - $1,799

Studio Rentals

Available Now

1 Homewood Ave

TorontoONM4Y 2J8
property at 2928 Yonge St

$1,630 - $1,895

Studio Rentals

Available Now

2928 Yonge St

TorontoONM4N 2J9
property at 411 Duplex Ave

$1,640 - $2,795

Studio Rentals

Available Now

411 Duplex Ave

TorontoONM4R 1V2
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470 Sentinel Road
Rent Specials
$1,649 - $1,749
Total Monthly Price

Total Monthly Price

Base Rent
$1,649 - $2,779
Total Monthly Price
$1,649 - $2,779
Studio Apartments Available Now

470 Sentinel Road

470 Sentinel RdToronto, ON M3J 1V6
Student Housing
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  • Utilities Included
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property at 48 Isabella St

$1,650 - $2,100

Studio Rentals

Available Feb 28

48 Isabella St

TorontoONM4Y 1N2
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Upper Canada Apartments 165
$1,685Studio Apartments Available Now

Upper Canada Apartments 165

165 Erskine AveToronto, ON M4P 2A1
Affordability
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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 $1,439.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Clearview on the Park which is listed at $1,246, while the average apartment in Toronto costs $3,109.

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 1,150 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 $1,406 which is $1,703 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.