Cheap Studio Apartments for Rent in Toronto, ON from $1,045 (396 Rentals) Page 3 of 8

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article
close
View Me
Rosedale East
Rent Specials
$1,650 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $2,600
Total Monthly Price
$1,650 - $2,600
Studio Apartments Available Now

Rosedale East

50-70 Cambridge AveToronto, ON M4K 2L3
Affordability
  • Verified
  • Utilities Included
  • 3D Tour
close
View Me
2Fifteen
Rent Specials
$1,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $4,820
Total Monthly Price
$1,650 - $4,820
Studio Apartments Available Sep 15

2Fifteen

215 Lonsdale RdToronto, ON M4V 2K8
Luxury
  • Verified
  • 3D Tour
property at 1 Homewood Ave

$1,689 - $1,889

Studio Rentals

Available Now

1 Homewood Ave

TorontoONM4Y 2J8
close
View Me
Fontainebleu
$1,695Studio Apartments Contact Us For Availability

Fontainebleu

130 Rosedale Valley RdToronto, ON M4W 1P6
Affordability
  • Verified
  • Utilities Included
  • 3D Tour
property at 480 Wilson Ave

$1,695 - $2,350

Studio Rentals

Available Jul 1

480 Wilson Ave

TorontoONM3H 0G1
close
View Me
Cottingham Manor
Rent Specials
$1,699 - $1,824
Total Monthly Price

Total Monthly Price

Base Rent
$1,699 - $2,345
Total Monthly Price
$1,699 - $2,345
Studio Apartments Available Now

Cottingham Manor

291 Avenue RdToronto, ON M4V 2G9
Affordability
  • Verified
  • 3D Tour
property at 48 Isabella St

$1,599 - $1,899

Studio Rentals

Available Jul 1

48 Isabella St

TorontoONM4Y 1N2
Showing Results 101-150, Page 3 of 8

Toronto, ON Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 $1,350.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is 7-9 Homewood Ave which is listed at $1,025, while the average apartment in Toronto costs $5,748.

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 3,002 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 $1,177 which is $4,571 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 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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.