Cheap Homes for Rent in Bay Street Corridor Neighborhood of Toronto, ON from $1,400 (289 Rentals)

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

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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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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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. 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
Dundonald ArmsBachelorStudio,1BA$1,400
550 Jarvis StBachelor ApartmentStudio,1BA$1,599
Bloor Yonge Tower0 Beds, 1 BathsStudio,1BA$1,599
96 Isabella The Arms ApartmentsBachelorStudio,1BA$1,600
100 Alexander StreetStudioStudio,1BA$1,600
608 Church StreetBachelor*Studio,1BA$1,601
Wellesley Apartments0 Beds, 1 BathsStudio,1BA$1,645
Mid-Town ApartmentsBachelorStudio,1BA$1,649
The Lincoln0 Bedroom(s) and 1 Bathroom(s)Studio,1BA$1,699
Village GreenSC Renovation 3Studio,1BA$1,715

Best Value Apartments for Rent in Bay Street Corridor, ON

As of May 06, 2026 the best value apartment in the Bay Street Corridor area is the $3.80 price per square foot 2 Bedroom Model at The Colonnade in the in the Bay Street Corridor neighborhood starting from $4,030. The second greatest value Bay Street Corridor apartment is the 1 Bedroom(s) and 1 Bathroom(s) Model at The Maitlands starting at $2,059 with a $3.04 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 Colonnade2 Bedroom2BR,2BA$3.80
The Maitlands1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$3.04
The WessexOne bedroom1BR,1BA$3.23
91 Wellesley StreetOne Bedroom + Balcony1BR,1BA$3.33
Alexandra1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$3.63
66 Isabella StOne Bedroom1BR,1BA$3.75
Dundonald ArmsBachelorStudio ,1BA$2.80
96 Isabella The Arms ApartmentsBachelorStudio ,1BA$3.44
Bloor Yonge Tower0 Beds, 1 BathsStudio ,1BA$3.61
Mid-Town ApartmentsBachelorStudio ,1BA$3.80

Frequently Asked Questions about Bay Street Corridor

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

There are currently 359 Apartments for Rent in Bay Street Corridor, ON with pricing that ranges from $1,425 to $23,333. There are also 790 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bay Street Corridor ranging from $1,400 to $45,000.

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 $1,400 to $45,000 with an average monthly rent of $7,283.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.