Cheap Apartments for Rent in the Bay Street Corridor Neighborhood of Toronto, ON from $1,400 (49 Rentals)

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

property at 100 Wellesley St E

100 Wellesley St E

TorontoONM4Y 1H5

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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property at 60 Gloucester St

60 Gloucester St

TorontoONM4Y 1L7

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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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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44 Huntley St
Studio to 2 Bedroom Apartments

44 Huntley St

44 Huntley StToronto, ON M4Y 1P2
Student Housing
  • Utilities Included
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WELLESLEY APARTMENTS
Studio to 2 Bedroom Apartments

WELLESLEY APARTMENTS

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

JARVIS COURT APARTMENTS

432 Jarvis StToronto, ON M4Y 2H3
  • Utilities Included
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60 Gloucester St
Studio to 2 Bedroom Apartments

60 Gloucester St

60 Gloucester StToronto, ON M4Y 1L5
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The Wessex
Studio to 2 Bedroom Apartments

The Wessex

88 Wellesley St EToronto, ON M4Y 1H5
Student Housing
  • Utilities Included
  • Smoke Free
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134-146 Dundas St W
1 to 2 Bedroom Apartments

134-146 Dundas St W

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

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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Westbury Manor
1 to 2 Bedroom Apartments

Westbury Manor

414 Jarvis StToronto, ON M4Y 2G6
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  • Smoke Free
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Isabella Court
Studio to 1 Bedroom Apartments

Isabella Court

33 Isabella StToronto, ON M4Y 1M8
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  • Smoke Free
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Village Green Community
Studio to 3 Bedroom Apartments

Village Green Community

50 Alexander StToronto, ON M4Y 1B6
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135 Earl Pl
Studio to 1 Bedroom Apartments

135 Earl Pl

135 Earl PlToronto, ON M4Y 1M4
Furnished
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  • Smoke Free
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Gloucester
1 Bedroom Apartments

Gloucester

83 Gloucester LnToronto, ON M4Y 1L5
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Grange Tower
Studio to 3 Bedroom Apartments

Grange Tower

20 St Patrick StToronto, ON M5T 2Y4
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120 Maitland Street
Studio to 1 Bedroom Apartments

120 Maitland Street

120 Maitland StToronto, ON M4Y 1E4
  • Utilities Included

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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Velocity at the Square
Studio to 2 Bedroom Apartments

Velocity at the Square

252 Victoria StToronto, ON M5B 1V8
Student Housing
  • Utilities Included
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57 Charles at Bay
Studio to 2 Bedroom Apartments

57 Charles at Bay

57 Charles St WToronto, ON M5S 2X1
Showing Results 1-49, Page 1 of 1

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 608 Church Street priced from $1,455. WELLESLEY APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from $1,500. Here are the most affordable Bay Street Corridor apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
608 Church StreetBACHELORStudio,1BA$1,455
WELLESLEY APARTMENTSStudio, 1 BathroomStudio,1BA$1,500
JARVIS COURT APARTMENTSBachelorStudio,1BA$1,525
Dundonald ArmsBachelorStudio,1BA$1,600
96 Isabella The Arms ApartmentsBachelorStudio,1BA$1,600
Mid-Town ApartmentsBachelorStudio,1BA$1,649
Wellesley Apartments0 Beds, 1 BathsStudio,1BA$1,695
The MaplesBachelorStudio,1BA$1,699
College ParkBachelorStudio,1BA$1,717
Village GreenSAStudio,1BA$1,795

Best Value Apartments for Rent in Bay Street Corridor, ON

As of November 25, 2025 the best value apartment in the Bay Street Corridor area is the $4.08 price per square foot 1 Bedroom Model at The Colonnade in the in the Bay Street Corridor neighborhood starting from $3,325. The second greatest value Bay Street Corridor apartment is the Two Bedroom Model at 66 Isabella St starting at $2,749 with a $4.04 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.
The Colonnade1 Bedroom1BR,1BA$4.08
66 Isabella StTwo Bedroom2BR,1BA$4.04
College ParkBachelorStudio ,1BA$2.81
The Lincoln1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$3.79
135 Isabella St1 Bedroom1BR,1BA$4.20
96 Isabella The Arms ApartmentsBachelorStudio ,1BA$3.44
JARVIS COURT APARTMENTSBachelorStudio ,1BA$3.39
Mid-Town ApartmentsBachelorStudio ,1BA$3.80
Dundonald ArmsBachelorStudio ,1BA$4.00
The MaplesBachelorStudio ,1BA$4.25

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 $1,795.

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 $1,695, while the average apartment in Bay Street Corridor costs $4,825.

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 50 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 $971 which is $3,854 cheaper than the average rent for all rentals in Bay Street Corridor.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.