Cheap Apartments for Rent in the Bay Street Corridor Neighborhood of Toronto, ON from $1,400 (525 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Bay Street Corridor area of Toronto.

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100 Alexander Street
$1,600 - $2,449
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,449
Total Monthly Price
$1,600 - $2,449
Studio to 2 Bedroom Apartments Contact Us For Availability

100 Alexander Street

100 Alexander StToronto, ON M4Y 1B7
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
property at 100 Wellesley St E

$1,500 - $2,650

Studio To 3 Bedroom Rentals

Available Now

Wellesley Apartments

100 Wellesley St E
TorontoONM4Y 1H5

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property at 432 Jarvis St

$1,525 - $1,700

Studio Rentals

Available Now

432 Jarvis St

TorontoONM4Y 2H3
property at 48 Isabella St

$1,599 - $1,899

Studio To 1 Bedroom Rentals

Available Jul 1

48 Isabella St

TorontoONM4Y 1N2

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Motion
Rent Specials
$2,028 - $4,145
Total Monthly Price

Total Monthly Price

Base Rent
$2,028 - $4,145
Total Monthly Price
$2,028 - $4,145
Studio to 3 Bedroom Apartments Available Now

Motion

570 Bay StToronto, ON M5G 0B2
Student Housing
  • Verified
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Gloucester
$1,450 - $1,5001 Bedroom Apartments

Gloucester

83 Gloucester LnToronto, ON M4Y 1L5
  • Smoke Free
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WELLESLEY APARTMENTS
$1,500 - $2,250Studio to 2 Bedroom Apartments

WELLESLEY APARTMENTS

138-142 Wellesley St EToronto, ON M4Y 2K4
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JARVIS COURT APARTMENTS
$1,525 - $1,725Studio to 1 Bedroom Apartments

JARVIS COURT APARTMENTS

432 Jarvis StToronto, ON M4Y 2H3
  • Utilities Included

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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48 Isabella St Apartments
$1,599 - $1,899Studio to 2 Bedroom Apartments

48 Isabella St Apartments

48 Isabella StToronto, ON M4Y 1N3
  • Utilities Included
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44 Huntley St
$1,600 - $1,750Studio to 2 Bedroom Apartments

44 Huntley St

44 Huntley StToronto, ON M4Y 1P2
Student Housing
  • Utilities Included
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Westbury Manor
$1,750 - $2,2501 to 2 Bedroom Apartments

Westbury Manor

414 Jarvis StToronto, ON M4Y 2G6
  • Utilities Included
  • Smoke Free
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134-146 Dundas St W
$1,750 - $2,4951 to 2 Bedroom Apartments

134-146 Dundas St W

134-146 Dundas St WToronto, ON M5G 1C6
  • Utilities Included

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Showing Results 1-50, Page 1 of 11

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 Dundonald Arms priced from $1,400. Mid-Town Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,529. Here are the most affordable Bay Street Corridor apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Dundonald ArmsBachelorStudio,1BA$1,400
Mid-Town ApartmentsBachelor B1Studio,1BA$1,529
550 Jarvis StBachelor ApartmentStudio,1BA$1,599
96 Isabella The Arms ApartmentsBachelorStudio,1BA$1,600
Wellesley Apartments0 Beds, 1 BathsStudio,1BA$1,610
608 Church StreetBachelor*Studio,1BA$1,725
25 St. Mary StreetBachelorStudio,1BA$1,747
The MaplesBachelorStudio,1BA$1,749
The Lincoln0 Bedroom(s) and 1 Bathroom(s)Studio,1BA$1,750
40 Gerrard Street East Apartments0 Bedroom(s) and 1 Bathroom(s)Studio,1BA$1,799

Best Value Apartments for Rent in Bay Street Corridor, ON

As of June 08, 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 in the Bay Street Corridor neighborhood starting from $3,499. The second greatest value Bay Street Corridor apartment is the 2 Bedroom Model at The Colonnade starting at $4,030 with a $3.80 price per square foot in the Bay Street Corridor neighborhood. Here is today’s list of the best values for Bay Street Corridor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bay Charles Tower2 Bedroom - 032BR,1BA$3.29
The Colonnade2 Bedroom2BR,2BA$3.80
57 Charles at BayF32BR,1BA$3.72
Bloor Yonge Tower1 Beds, 1 Baths1BR,1BA$2.92
135 Isabella St2 Bedroom2BR,1BA$3.58
The Village1-Bed1BR,1BA$3.13
Alexandra1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$3.89
Dundonald ArmsBachelorStudio ,1BA$2.80
96 Isabella The Arms ApartmentsBachelorStudio ,1BA$3.44
Mid-Town ApartmentsBachelorStudio ,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 $1,799.

What is the price of a cheap apartment in Bay Street Corridor?

The cheapest apartment in Bay Street Corridor is Dundonald Arms which is listed at $1,495, while the average apartment in Bay Street Corridor costs $11,064.

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 56 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 $1,259 which is $9,805 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.

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