Cheap Homes for Rent in Bay Street Corridor Neighborhood of Toronto, ON from $1,500 (114 Rentals)

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

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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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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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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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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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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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. Gloucester has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. Here are the most affordable Bay Street Corridor apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Dundonald ArmsBachelorStudio,1BA$1,400
GloucesterJr 1 Bedroom1BR,1BA$1,450
550 Jarvis StBachelor ApartmentStudio,1BA$1,599
96 Isabella The Arms ApartmentsBachelorStudio,1BA$1,600
608 Church StreetBachelor*Studio,1BA$1,601
Mid-Town ApartmentsBachelorStudio,1BA$1,649
Wellesley Apartments0 Beds, 1 BathsStudio,1BA$1,695
The MaplesBachelorStudio,1BA$1,699
College ParkBachelorStudio,1BA$1,735
Village GreenSAStudio,1BA$1,735

Best Value Apartments for Rent in Bay Street Corridor, ON

As of January 28, 2026 the best value apartment in the Bay Street Corridor area is the $2.87 price per square foot 2 bedroom Model at 25 St. Mary Street in the in the Bay Street Corridor neighborhood starting from $2,597. The second greatest value Bay Street Corridor apartment is the Two Bedroom Model at University Apartments - 8 St. Thomas starting at $2,895 with a $3.61 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 Street2 bedroom2BR,1BA$2.87
University Apartments - 8 St. ThomasTwo Bedroom2BR,1BA$3.61
Carlton Court ApartmentsJunior One Bedroom1BR,1BA$3.48
135 Isabella St1 Bedroom1BR,1BA$3.40
College ParkBachelorStudio ,1BA$2.83
The Lincoln1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$3.79
66 Isabella StOne Bedroom1BR,1BA$3.75
Dundonald ArmsBachelorStudio ,1BA$2.80
96 Isabella The Arms ApartmentsBachelorStudio ,1BA$3.44
GloucesterJr 1 Bedroom1BR,1BA$3.63

Frequently Asked Questions about Bay Street Corridor

What type of rentals are currently available in Bay Street Corridor?

There are currently 365 Apartments for Rent in Bay Street Corridor, ON with pricing that ranges from $1,525 to $10,995. There are also 324 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bay Street Corridor ranging from $1,560 to $28,000.

What is the current price range for Rental Homes in Bay Street Corridor?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Bay Street Corridor ranges from $1,560 to $28,000 with an average monthly rent of $3,403.

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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.