Cheap Studio Apartments for Rent in Toronto, ON from $995 (391 Rentals) Page 3 of 8

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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.

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Cottingham Manor
Rent Specials
$1,649 - $1,799
Total Monthly Price

Total Monthly Price

Base Rent
$1,649 - $2,250
Total Monthly Price
$1,649 - $2,250
Studio Apartments Available Now

Cottingham Manor

291 Avenue RdToronto, ON M4V 2G9
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30 Springhurst Ave
Rent Specials
$1,650 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $2,400
Total Monthly Price
$1,650 - $2,400
Studio Apartments Available Now

30 Springhurst Ave

30 Springhurst AveToronto, ON M6K 1B3
Student Housing
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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
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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.

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565 Sherbourne St
Rent Specials
$1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,675 - $3,350
Total Monthly Price
$1,675 - $3,350
Studio Apartments Available Now

565 Sherbourne St

565 Sherbourne StToronto, ON M4X 1W7
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Upper Canada Court, West
$1,685Studio Apartments Available Oct 1

Upper Canada Court, West

110 Erskine AveToronto, ON M4P 2A1
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property at 1 Homewood Ave

$1,689 - $1,889

Studio Rentals

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1 Homewood Ave

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

Fontainebleu

130 Rosedale Valley RdToronto, ON M4W 1P6
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Balfour Square
$1,725Studio Apartments Available Sep 5

Balfour Square

50 Rosehill AveToronto, ON M4T 2W7
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Showing Results 101-150, Page 3 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 $1,400.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Bradley Court which is listed at $1,099, while the average apartment in Toronto costs $2,538.

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 3,096 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 $1,173 which is $1,365 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

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.

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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.