Cheap Studio Apartments for Rent in Toronto, ON from $1,045 (336 Rentals) Page 3 of 7

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property at 160 Balmoral Ave

$1,795 - $1,995

Studio Rentals

Available Jan 1, 2026

160 Balmoral Ave

TorontoONM4V 1J7
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Upper Canada Court, West
$1,820Studio Apartments Available Now

Upper Canada Court, West

110 Erskine AveToronto, ON M4P 2A1
Affordability
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Genesis Place
$400Studio Apartments

Genesis Place

280 Gerrard St EToronto, ON M5A 2G4
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St David's Village
$775 - $850Studio Apartments

St David's Village

1290 Danforth RdToronto, ON M1J 3L9
Senior Living
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The Esplanade
$940Studio Apartments

The Esplanade

140 The EsplanadeToronto, ON M5A 4P5
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330 Hopewell Ave
$950Studio Apartments

330 Hopewell Ave

330 Hopewell AveToronto, ON M6E 2S3
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243 Eglinton Ave W
$1,000Studio Apartments

243 Eglinton Ave W

243 Eglinton Ave WToronto, ON M4R 1B1
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The Esplanade
$1,015Studio Apartments

The Esplanade

171 Front StToronto, ON M5A 4H3
Showing Results 101-150, Page 3 of 7

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 $1,499.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Mimico Estates which is listed at $1,395, while the average apartment in Toronto costs $3,321.

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 1,317 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 $865 which is $2,456 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 How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!