
Cheap Studio Apartments for Rent in Toronto, ON from $1,045 (395 Rentals) Page 2 of 8


Total Monthly Price
470 Sentinel Road

1 Marquette Avenue

Oriole Apartments

Total Monthly Price
Ava Manor

Total Monthly Price
Huntley Apartments

109 Jameson Avenue

117 Old Forest Hill Road

Jameson Ave Apartments - 87 James
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Cedarwood Suites

Total Monthly Price
Northwoods Village

60 Gloucester St

710 Spadina Av

57 Rivitt Pl

96 Isabella The Arms Apartments

1765 & 1775 Weston Rd Apartments

80 St. Clair East

135 Isabella St

Total Monthly Price
Shorecrest Apartments
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.

Dunfield and Holly Towers

Total Monthly Price
440 Winona Drive

Total Monthly Price
100 Alexander Street

2890 St Clair Ave E

608 Church Street

Sherwood Apartments

Dufferin Heights

Glencairn Garden Apartments

70 Spadina Road

Upper Canada Court, West
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Davisville Village

Total Monthly Price
545 & 555 Sherbourne

196 Eglinton Avenue East

The Sheldrake

Briar Hill - Belgravia

Garden View Apartments

Imperial Towers

Wellesley Apartments

Wellesley Apartments

4750 Bathurst Street

2 Regal Road

Tichester Park Manors

310-312 LONSDALE RD

Mid-Town Apartments

Islington Towers

Maddox Tyndall

21 Park Boulevard

Residences of Rose Park
Toronto, ON Local Guide
How much does it cost to rent an apartment in Toronto?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Toronto Studio Apartments | $1,938 | $1,045 | $8,486 |
| Toronto 1 Bedroom Apartments | $2,460 | $895 | $10,000+ |
| Toronto 2 Bedroom Apartments | $3,222 | $900 | $10,000+ |
| Toronto 3 Bedroom Apartments | $4,092 | $1,569 | $10,000+ |
| Toronto 4 Bedroom Apartments | $5,079 | $1,384 | $10,000+ |
| Toronto 5 Bedroom Apartments | $19,393 | $8,639 | $10,000+ |
Explore Toronto
Toronto, ON Area Reviews
Dee • 4+ years in Toronto
February 25, 202530 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 $1,387.
What is the price of a cheap apartment in Toronto?
The cheapest apartment in Toronto is 7-9 Homewood Ave which is listed at $749, while the average apartment in Toronto costs $5,848.
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 3,414 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 $1,316 which is $4,532 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.


