Cheap Studio Apartments for Rent in Toronto, ON from $1,045 (319 Rentals) Page 7 of 7

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Velocity at the Square
Studio Apartments

Velocity at the Square

252 Victoria StToronto, ON M5B 1V8
Student Housing
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Westdale Apartments
Studio Apartments

Westdale Apartments

25 Paisley Blvd WMississauga, ON L5B 1E3
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Cedar Hill Apartments
Studio Apartments

Cedar Hill Apartments

100 Cedar AveRichmond Hill, ON L4C 2A9
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Riverview Apartments
Studio Apartments

Riverview Apartments

3065 Jaguar Valley DrMississauga, ON L5A 2J5
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3121 Kirwin Ave
Studio Apartments

3121 Kirwin Ave

3121 Kirwin AveMississauga, ON L5A 3R2
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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 $1,455.

What is the price of a cheap apartment in Toronto?

The cheapest apartment in Toronto is Bradley Court which is listed at $1,045, while the average apartment in Toronto costs $3,443.

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 1,206 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 $802 which is $2,641 cheaper than the average rent for all rentals in Toronto.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.