New Apartments for Rent in Toronto, ON Under C$2,500 (76 Rentals)

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Novus
Rent Specials
C$2,500 - C$7,890Built in 20211 to 3 Bedroom Apartments Available Now

Novus

11-25 Ordnance StToronto, ON M6K 1A1
Transit Friendly
  • Verified
  • Utilities Included
  • Matterport 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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EVOLV
Rent Specials
C$2,195 - C$3,300Built in 20211 to 2 Bedroom Apartments Available Now

EVOLV

25 Nicholas AveToronto, ON M5A 1X9
Corporate Housing
  • Verified
  • Utilities Included
  • Matterport 3D Tour

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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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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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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Roehampton
Built in 20151 to 3 Bedroom Apartments

Roehampton

305 Roehampton AveToronto, ON M4P 0B2
  • Utilities Included
  • Smoke Free
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5249 Dundas Street W
Built in 2021Studio to 2 Bedroom Apartments

5249 Dundas Street W

5249 Dundas St WToronto, ON M9B 1A5
property at 782 St Clair Av W

782 St Clair Av W

TorontoONM6C 1B6
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Toronto, ON Local Guide

Quick Rent Budget Calculator

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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.

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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 New Toronto Apartments

What is the Cheapest New apartment in Toronto?

Currently the most affordable New Apartment in Toronto is at 55 Broadway listed at C$1,742.

How much is the average rent for a New Toronto Apartment?

The average rent for a New Apartment in Toronto is C$3,235.

What is the largest New Toronto Apartment for rent?

Today's New apartment with the most square footage in Toronto is a 1,722 square feet unit starting from C$2,500 at Novus.

What is the average size for Toronto New Apartments for rent?

The average size for a New rental in Toronto is currently at 517 sq ft.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.