Cheap Homes for Rent in the Bay Street Corridor Neighborhood of Toronto, ON from $1,200 (213 Rentals)

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

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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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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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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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 05, 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 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 $1,399 to $16,524. There are also 1037 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bay Street Corridor ranging from $1,200 to $30,000.

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 $1,200 to $30,000 with an average monthly rent of $3,233.

How much are larger Three and Four Bedroom Rentals in Bay Street Corridor?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Bay Street Corridor range from $3,199 to $16,524, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $28,000. Four Bedroom Single-Family rentals are also available starting from $4,700 and Four Bedroom Apartments start at $4,800.

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

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

Written by: Robin Stewart

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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

Written by: Robin Stewart

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

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

Written by: Robin Stewart

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.