Cheap Studio Apartments for Rent in Toronto, ON from $1,045 (395 Rentals) Page 3 of 8

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35 Walmer Road
Rent Specials
$1,663 - $1,813
Total Monthly Price

Total Monthly Price

Base Rent
$1,663 - $3,024

Total Monthly Price
$1,663 - $3,024
Studio Apartments Available Now

35 Walmer Road

35 Walmer RdToronto, ON M5R 2X3
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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
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Balfour Square
$1,685Studio Apartments Available Aug 1

Balfour Square

50 Rosehill AveToronto, ON M4T 2W7
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property at 1 Homewood Ave

$1,689 - $1,889

Studio Rentals

Available May 15

1 Homewood Ave

TorontoONM4Y 2J8
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The Summit
Rent Specials
$1,695 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,695 - $2,700

Total Monthly Price
Varies
Studio Apartments Available Now

The Summit

280 St George StToronto, ON M5R 2P7
Student Housing
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Fontainebleu
$1,695Studio Apartments Contact Us For Availability

Fontainebleu

130 Rosedale Valley RdToronto, ON M4W 1P6
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property at 7 Hambly Av

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

Studio, 1 Bath Home for Rent

Available May 16

7 Hambly Av

TorontoONM4E 2R5
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Lakeview Towers
$1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,700 - $2,000

Total Monthly Price
$1,700 - $2,000
Studio Apartments Available Now

Lakeview Towers

22 Close AveToronto, ON M6K 2V4
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Cottingham Manor
Rent Specials
$1,700 - $2,070
Total Monthly Price

Total Monthly Price

Base Rent
$1,700 - $2,345

Total Monthly Price
$1,700 - $2,345
Studio Apartments Available Now

Cottingham Manor

291 Avenue RdToronto, ON M4V 2G9
Affordability
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property at 432 Jarvis St

$1,525 - $1,700

Studio Rentals

Available Now

432 Jarvis St

TorontoONM4Y 2H3
property at 48 Isabella St

$1,700 - $1,899

Studio Rentals

Available Jul 1

48 Isabella St

TorontoONM4Y 1N2
property at 135 Earl Pl

$1,725 - $2,200

Studio Rentals

Available Jul 1

135 Earl Pl

TorontoONM4Y 1M4

Toronto, ON Area Reviews

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Dee4+ 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 $1,387.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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.