Cheap Apartments for Rent in the Bay Street Corridor Neighborhood of Toronto, ON from C$1,500 (40 Rentals)

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

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.

property at 60 Gloucester St

60 Gloucester St

TorontoONM4Y 1L7
property at 135 Earl Pl

135 Earl Pl

TorontoONM4Y 1M4

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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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
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48 Isabella St
Studio to 2 Bedroom Apartments

48 Isabella St

48 Isabella StToronto, ON M4Y 1N3
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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
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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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Isabella Court
Studio to 1 Bedroom Apartments

Isabella Court

33 Isabella StToronto, ON M4Y 1M8
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Westbury Manor
1 to 2 Bedroom Apartments

Westbury Manor

414 Jarvis StToronto, ON M4Y 2G6
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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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Gloucester
1 Bedroom Apartments

Gloucester

83 Gloucester LnToronto, ON M4Y 1L5
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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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  • Smoke Free
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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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College Park Suites
Studio to 2 Bedroom Apartments

College Park Suites

424 Yonge StToronto, ON M5B 2H3
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100 Maitland St
1 to 2 Bedroom Apartments

100 Maitland St

100 Maitland StToronto, ON M4Y 1E3
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120 Maitland Street
Studio to 1 Bedroom Apartments

120 Maitland Street

120 Maitland StToronto, ON M4Y 1E4
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57 Charles at Bay
Studio to 2 Bedroom Apartments

57 Charles at Bay

57 Charles St WToronto, ON M5S 2X1

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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The Livmore
Studio to 3 Bedroom Apartments

The Livmore

55 Gerrard St WToronto, ON M5G 1Z4

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 WELLESLEY APARTMENTS priced from C$1,500. JARVIS COURT APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from C$1,550. Here are the most affordable Bay Street Corridor apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
WELLESLEY APARTMENTSStudio, 1 BathroomStudio,1BAC$1,500
JARVIS COURT APARTMENTSBachelorStudio,1BAC$1,550
The MaplesBachelorStudio,1BAC$1,699
48 Isabella St Apartments0 Beds, 1 BathsStudio,1BAC$1,700
608 Church StreetBACHELORStudio,1BAC$1,735
Village GreenSEStudio,1BAC$1,745
Wellesley Apartments0 Beds, 1 BathsStudio,1BAC$1,750
550 Jarvis StBachelor ApartmentStudio,1BAC$1,799
Bloor Yonge Tower0 Beds, 1 BathsStudio,1BAC$1,800
40 Gerrard Street East Apartments0 Bedroom(s) and 1 Bathroom(s)Studio,1BAC$1,839

Best Value Apartments for Rent in Bay Street Corridor, ON

As of July 15, 2025 the best value apartment in the Bay Street Corridor area is the C$2.85 price per square foot 1 bedroom Model at 25 St. Mary Street in the in the Bay Street Corridor neighborhood starting from C$2,025. The second greatest value Bay Street Corridor apartment is the Two Bedroom Model at 66 Isabella St starting at C$2,749 with a C$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.
25 St. Mary Street1 bedroom1BR,1BAC$2.85
66 Isabella StTwo Bedroom2BR,1BAC$4.04
91 Wellesley Street1 Bed, 1 bath1BR,1BAC$2.99
The Village1 Bedroom(s) and 1 Bathroom(s)1BR,1BAC$2.97
77 Gerrard WestOne Bedroom1BR,1BAC$3.86
135 Isabella St1 bedroom large1BR,1BAC$3.15
Mid-Town ApartmentsOne Bedroom1BR,1BAC$3.02
The Lincoln1 Bedroom(s) and 1 Bathroom(s)1BR,1BAC$3.82
48 Isabella St Apartments0 Beds, 1 BathsStudio ,1BAC$3.43
Bloor Yonge Tower0 Beds, 1 BathsStudio ,1BAC$3.94

Frequently Asked Questions about Cheap Bay Street Corridor Apartments

What is the Cheapest Studio apartment in Bay Street Corridor?

Currently the most affordable Cheap Studio Apartment in Bay Street Corridor is at WELLESLEY APARTMENTS listed at C$1,500.

How much is rent for a Cheap One Bedroom Bay Street Corridor Apartment?

The lowest price for a Cheap One Bedroom Bay Street Corridor Apartment is C$1,725 at JARVIS COURT APARTMENTS.

What is the lowest price for a Cheap Two Bedroom Bay Street Corridor Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Bay Street Corridor is starting from C$2,299 at Mid-Town Apartments.

What is the most affordable Bay Street Corridor Three Bedroom Apartment?

The best deal on a cheap Bay Street Corridor Three Bedroom Apartment rental is at Toronto House and starts from C$3,699.

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.