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$1,399 - $2,539Studio to 2 Bedroom Apartments Available Now
Mid-Town Apartments
137 Isabella StToronto, ON M4Y 1P2
Cheap Apartments for Rent in the Bay Street Corridor Neighborhood of Toronto, ON from $1,399 (187 Rentals)
Search the lowest-cost Apartments available for rent right now in the Bay Street Corridor area of Toronto.
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$1,534 - $2,699Studio to 2 Bedroom Apartments Available Now
The Maitlands
36-42 Maitland StToronto, ON M4Y 1C5
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$1,550 - $1,849Studio to 1 Bedroom Apartments Available Now
550 Jarvis St
550 Jarvis StToronto, ON M4Y 2H9
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$1,565 - $3,890Studio to 2 Bedroom Apartments Available Now
Village Green
40 Alexander StToronto, ON M4Y 1B5
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$1,600 - $1,695Studio Apartments Available Now
Dundonald Arms
49 Dundonald StToronto, ON M4Y 1K3
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$1,600 - $1,695Studio to 1 Bedroom Apartments Available Now
96 Isabella The Arms Apartments
96 Isabella StToronto, ON M4Y 1N9
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$1,600 - $2,449
Total Monthly Price
Base Rent$1,600 - $2,449
Total Monthly Price$1,600 - $2,449
100 Alexander Street
100 Alexander StToronto, ON M4Y 1B7
432 Jarvis St
TorontoONM4Y 2H3
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$1,635 - $2,550Studio to 2 Bedroom Apartments Available Now
Wellesley Apartments
100 Wellesley St EToronto, ON M4Y 1H5
Wellesley Apartments
100 Wellesley St E
TorontoONM4Y 1H5
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
60 Gloucester St
TorontoONM4Y 1L7
48 Isabella St
TorontoONM4Y 1N2
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$1,747 - $2,097Studio to 2 Bedroom Apartments Available Now
25 St. Mary Street
25 St Mary StToronto, ON M5S 2W9
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$1,749 - $1,999Studio to 1 Bedroom Apartments Available Now
The Maples
20 Carlton Street, 25 Wood StToronto, ON M4Y 2P9
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$1,750 - $1,950
Total Monthly Price
Base Rent$1,750 - $1,950
Total Monthly Price$1,750 - $1,950
Eighty-five on Wellesley
85 Wellesley St EToronto, ON M4Y 1H8
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$1,900 - $2,2001 Bedroom Apartments Available Now
66 Isabella St
66 Isabella StToronto, ON M4Y 1N3
10 Huntley St
TorontoONM4Y 2K7
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$1,979 - $3,309Studio to 3 Bedroom Apartments Available Now
1101 Bay
1101 Bay StToronto, ON M5S 3L9
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$1,995 - $3,990Studio to 2 Bedroom Apartments Available Now
31 Phipps Street
31 Phipps StToronto, ON M4Y 0E5
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.
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$1,9991 Bedroom Apartments Available Now
135 Isabella St
135 Isabella StToronto, ON M4Y 1P4
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$2,010 - $4,141
Total Monthly Price
Base Rent$2,010 - $4,141
Total Monthly Price$2,010 - $4,141
Motion
570 Bay StToronto, ON M5G 0B2
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$2,089 - $2,6391 to 2 Bedroom Apartments Available Soon
Alexandra
41 Dundonald StToronto, ON M4Y 1K2
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$2,226 - $4,946
Total Monthly Price
Base Rent$2,226 - $4,946
Total Monthly Price$2,226 - $4,946
The Livmore Bay & Gerrard
55 Gerrard St WToronto, ON M5G 1Z4
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$2,245 - $5,295Studio to 3 Bedroom Apartments Available Now
Toronto House
225 Adelaide St WToronto, ON M5H 0A7
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$2,260 - $3,1001 to 2 Bedroom Apartments Available Now
Carlton Court Apartments
33 Wood StToronto, ON M4Y 2P8
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$2,275 - $9,879
Total Monthly Price
Base Rent$2,275 - $9,879
Total Monthly Price$2,275 - $9,879
The Rosemont Residences
50 John StToronto, ON M5V 3T5
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$2,295 - $4,9501 to 3 Bedroom Apartments Available Now
Gerrard West
99 Gerrard St WToronto, ON M5G 2B5
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$2,299 - $3,775Studio to 2 Bedroom Apartments Available Now
The Bay Club
925 Bay StToronto, ON M5S 3L4
14 D'Arcy St
TorontoONM5T 1J7
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.
14 D'Arcy St
TorontoONM5T 1J7
28 Wellesley St E, Unit 3504 (Den)
28 Wellesley St E
TorontoONM4Y 0C4
28 Wellesley St E, Unit 3504 (Den)
28 Wellesley St E
TorontoONM4Y 0C4
230 Simcoe St, Unit 1226
230 Simcoe St
TorontoONM5T 1T4
230 Simcoe St, Unit 1226
230 Simcoe St
TorontoONM5T 1T4
632B Yonge St
TorontoONM4Y 1Z8
632B Yonge St
TorontoONM4Y 1Z8
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$1,450 - $1,5001 Bedroom Apartments
Gloucester
83 Gloucester LnToronto, ON M4Y 1L5
35 Mercer St
TorontoONM5V 0V1
35 Mercer St
TorontoONM5V 0V1
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
38 Widmer St, Unit 1111
38 Widmer St
TorontoONM5V 0P7
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$1,500 - $2,250Studio to 2 Bedroom Apartments
WELLESLEY APARTMENTS
138-142 Wellesley St EToronto, ON M4Y 2K4
7 Carlton St.
TorontoONM5B 1L2
7 Carlton St.
TorontoONM5B 1L2
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$1,525 - $1,725Studio to 1 Bedroom Apartments
JARVIS COURT APARTMENTS
432 Jarvis StToronto, ON M4Y 2H3
632B Yonge St
TorontoONM4Y 1Z8
632B Yonge St
TorontoONM4Y 1Z8
600 Church St, Unit 2
600 Church St
TorontoONM4Y 2E7
600 Church St, Unit 2
600 Church St
TorontoONM4Y 2E7
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$1,600 - $1,750Studio to 2 Bedroom Apartments
44 Huntley St
44 Huntley StToronto, ON M4Y 1P2
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Bay Street Corridor, Toronto, ON Local Guide
How much does it cost to rent an apartment in Bay Street Corridor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bay Street Corridor Studio Apartments | $2,223 | $1,399 | $5,387 |
| Bay Street Corridor 1 Bedroom Apartments | $3,245 | $1,695 | $10,000+ |
| Bay Street Corridor 2 Bedroom Apartments | $4,330 | $2,190 | $10,000+ |
| Bay Street Corridor 3 Bedroom Apartments | $6,711 | $3,875 | $10,000+ |
| Bay Street Corridor 4 Bedroom Apartments | $6,719 | $6,719 | $6,719 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 187 rentals with your search options within a 2 mile radius of the Bay Street Corridor Neighborhood of Toronto, ON.
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Cheapest Available Bay Street Corridor Apartments for Rent
The cheapest available apartment rental in the Bay Street Corridor area of Toronto, ON is a Studio unit found at Mid-Town Apartments priced from $1,399. The Maitlands has the second lowest priced unit, which is a Studio apartment currently listed from $1,534. Here are the most affordable Bay Street Corridor apartments for rent in Toronto, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mid-Town Apartments | Bachelor B1 | Studio, 1BA | $1,399 |
| The Maitlands | Bachelor, 1 Bathroom(s) | Studio, 1BA | $1,534 |
| 550 Jarvis St | Bachelor Apartment | Studio, 1BA | $1,550 |
| Village Green | SE | Studio, 1BA | $1,565 |
| 96 Isabella The Arms Apartments | Bachelor | Studio, 1BA | $1,600 |
| 100 Alexander Street | Studio | Studio, 1BA | $1,600 |
| Dundonald Arms | Bachelor | Studio, 1BA | $1,600 |
| Wellesley Apartments | 0 Beds, 1 Baths | Studio, 1BA | $1,635 |
| 608 Church Street | Bachelor | Studio, 1BA | $1,725 |
| 25 St. Mary Street | Bachelor | Studio, 1BA | $1,747 |
Best Value Apartments for Rent in Bay Street Corridor, ON
As of September 19, 2026 the best value apartment in the Bay Street Corridor area is the $3.29 price per square foot 2 Bedroom - 03 Model at Bay Charles Tower in the Bay Street Corridor neighborhood starting from $3,499. The second greatest value Bay Street Corridor apartment is the 2F Renovation 2 Model at Village Green in the Bay Street Corridor neighborhood starting at $2,995 with a $3.40 price per square foot. Here is today’s list of the best values for Bay Street Corridor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bay Charles Tower | 2 Bedroom - 03 | 2BR, 1BA | $3.29 |
| Village Green | 2F Renovation 2 | 2BR, 1BA | $3.40 |
| The Colonnade | 1 Bedroom | 1BR, 1BA | $3.54 |
| 48 Isabella St Apartments | 1 Beds, 1 Baths | 1BR, 1BA | $2.49 |
| The Maitlands | 1 Bedroom(s) and 1 Bathroom(s), Den | 1BR, 1BA | $3.17 |
| Bloor Yonge Tower | 1 Beds, 1 Baths | 1BR, 1BA | $2.75 |
| 135 Isabella St | 1 Bedroom | 1BR, 1BA | $3.24 |
| Dundonald Arms | Bachelor | Studio, 1BA | $3.20 |
| 96 Isabella The Arms Apartments | Bachelor | Studio, 1BA | $3.44 |
| Mid-Town Apartments | Bachelor | Studio, 1BA | $3.57 |
Frequently Asked Questions about Cheap Bay Street Corridor Apartments
What is a cheap apartment in Bay Street Corridor?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Bay Street Corridor is under $1,747.
What is the price of a cheap apartment in Bay Street Corridor?
The cheapest apartment in Bay Street Corridor is 96 Isabella The Arms Apartments which is listed at $1,695, while the average apartment in Bay Street Corridor costs $3,100.
What types of apartments are the cheapest in Bay Street Corridor?
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 91 regular apartments in Bay Street Corridor 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 Bay Street Corridor?
Cheap apartments in Bay Street Corridor have an average cost of $1,773 which is $1,327 cheaper than the average rent for all rentals in Bay Street Corridor.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.