Cheap Apartments for Rent in the Bay Street Corridor Neighborhood of Toronto, ON from $1,300 (259 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 Available Now

100 Alexander Street

100 Alexander StToronto, ON M4Y 1B7
Student Housing
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  • Utilities Included
  • 3D Tour
property at 432 Jarvis St

$1,525 - $1,700

Studio Rentals

Available Now

432 Jarvis St

TorontoONM4Y 2H3
property at 100 Wellesley St E

$1,605 - $2,550

Studio To 2 Bedroom Rentals

Available Now

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.

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Motion
Rent Specials
$2,019 - $4,141
Total Monthly Price

Total Monthly Price

Base Rent
$2,019 - $4,141
Total Monthly Price
$2,019 - $4,141
Studio to 3 Bedroom Apartments Available Now

Motion

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

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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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.

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

Gloucester

83 Gloucester LnToronto, ON M4Y 1L5
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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.

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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
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Village Green
$1,565 - $3,125Studio to 3 Bedroom Apartments

Village Green

50 Alexander StToronto, ON M4Y 1B6
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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

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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Showing Results 1-50, Page 1 of 6

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. 550 Jarvis St has the second lowest priced unit, which is a Studio apartment currently listed from $1,599. Here are the most affordable Bay Street Corridor apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Mid-Town ApartmentsBachelor B1Studio,1BA$1,399
550 Jarvis StBachelor ApartmentStudio,1BA$1,599
Dundonald ArmsBachelorStudio,1BA$1,600
96 Isabella The Arms ApartmentsBachelorStudio,1BA$1,600
100 Alexander StreetStudioStudio,1BA$1,600
Wellesley Apartments0 Beds, 1 BathsStudio,1BA$1,605
608 Church StreetBachelorStudio,1BA$1,725
25 St. Mary StreetBachelorStudio,1BA$1,747
The MaplesBachelorStudio,1BA$1,749
Eighty-five on WellesleyStudioStudio,1BA$1,750

Best Value Apartments for Rent in Bay Street Corridor, ON

As of August 04, 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 Two Bedroom Model at 66 Isabella St starting at $2,699 with a $3.96 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
66 Isabella StTwo Bedroom2BR,1BA$3.96
135 Isabella St1 Bedroom1BR,1BA$3.08
The ColonnadeStudioStudio ,1BA$4.00
Alexandra1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$3.48
Dundonald ArmsBachelorStudio ,1BA$3.20
96 Isabella The Arms ApartmentsBachelorStudio ,1BA$3.44
40 Gerrard Street East Apartments0 Bedroom(s) and 1 Bathroom(s)Studio ,1BA$4.03
Mid-Town ApartmentsBachelorStudio ,1BA$3.57
100 Alexander StreetStudioStudio ,1BA$4.00

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 $1,750.

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

The cheapest apartment in Bay Street Corridor is Mid-Town Apartments which is listed at $1,749, while the average apartment in Bay Street Corridor costs $2,995.

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 84 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 $1,779 which is $1,216 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

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Rent According to Income: A Look at Income-Restricted Rentals

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.