
Apartments for Rent in Toronto, ON Under $1,500 (148 Rentals)


Goodwood Apartments

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1592 Bathurst Street

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Six Points Suites | 40 Trethewey Dr

657 Balliol

The Continental

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The Park Mills

260 Sherbourne

Upper Canada Apartments 165

Collegiate Court
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Suncrest Court

Gertrude Suites

680 Roselawn Avenue

200 Roehampton

Havenbrook Towers

The Citadel

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The Imperial

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260 Wellesley St E

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WELLINGTON APARTMENTS

103 & 105 West Lodge
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Crescent Town

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Parkside | Student Residence

Islington Apartments

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St. Andrews Towers | 14, 16, 20 Carluke

Park Terraces North & South

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650 Parliament St

2251 - 2257 Jane Street

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22 Oakmount

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15 Bater Ave

Marina View Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Terrace Wood

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Bel Manor Apartments

Mid-Town Apartments

Georgian Arms

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Campus Gate Residence's

Yonge Eglinton Apartments

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1011 Lansdowne Ave Apartments

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440 Winona Drive

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256-262 Sherbourne St.

York Mills
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.

Bradley Courts

The Els - Student Living

Bradley Court

77 Howard St

Bright clean 1 bedroom apartment with outdoor space

2903 St Clair Ave E

140 Springhurst Ave

2407 Lake Shore Blvd W

Mimico Estates

214 Wellesley St E
Toronto, ON Local Guide
How much does it cost to rent an apartment in Toronto?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Toronto Studio Apartments Under $1500 | $1,909 | $995 | $8,290 |
| Toronto 1 Bedroom Apartments Under $1500 | $2,374 | $895 | $10,000+ |
| Toronto 2 Bedroom Apartments Under $1500 | $3,159 | $1,550 | $10,000+ |
| Toronto 3 Bedroom Apartments Under $1500 | $4,078 | $1,569 | $10,000+ |
| Toronto 4 Bedroom Apartments Under $1500 | $4,433 | $1,119 | $8,642 |
| Toronto 5 Bedroom Apartments | $16,752 | $8,900 | $10,000+ |
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Toronto, ON Rentals by Map
See the most popular apartments and homes in Toronto, ON
Toronto, ON Area Reviews
Dee • 4+ years in Toronto
February 25, 202530 years here ... its not impressive working people cant afford rent
Frequently Asked Questions about Toronto
How much are Studio apartments in Toronto?
There are currently 4,868 Studio Apartments in Toronto with rent ranges from $995 to $8,290 with an average price of $1,909.
What is the current price range for One Bedroom Toronto Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Toronto ranges from $895 to $12,053 with an average monthly rent of $2,374.
What does renting a Two Bedroom Apartment in Toronto cost?
The monthly rent prices of Two Bedroom Apartments currently available in Toronto range from $1,550 to $13,848. Today's average rental price for Two Bedrooms here is $3,159.
How expensive are Toronto Three Bedroom Apartments?
There are currently 2,442 Three Bedroom Apartments listings available in Toronto on ApartmentHomeLiving.com. The pricing ranges from $1,569 to $16,682 - averaging $4,078 for the location.
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

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.

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.

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.

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.