Cheap Homes for Rent in Bay Street Corridor Neighborhood of Toronto, ON from $1,300 (109 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. 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
100 Alexander StreetStudioStudio,1BA$1,600
135 Isabella StStudioStudio,1BA$1,600
96 Isabella The Arms ApartmentsBachelorStudio,1BA$1,600
44 Huntley StOne bedroom1BR,1BA$1,600
608 Church StreetBachelor*Studio,1BA$1,601
91 Wellesley StreetBachelor + BalconyStudio,1BA$1,647
Mid-Town ApartmentsBachelorStudio,1BA$1,649
Wellesley Apartments0 Beds, 1 BathsStudio,1BA$1,650

Best Value Apartments for Rent in Bay Street Corridor, ON

As of March 22, 2026 the best value apartment in the Bay Street Corridor area is the $3.43 price per square foot Two Bedroom Model at University Apartments - 8 St. Thomas in the in the Bay Street Corridor neighborhood starting from $2,750. The second greatest value Bay Street Corridor apartment is the 1 Beds, 1 Baths Model at Bloor Yonge Tower starting at $1,850 with a $2.85 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.
University Apartments - 8 St. ThomasTwo Bedroom2BR,1BA$3.43
Bloor Yonge Tower1 Beds, 1 Baths1BR,1BA$2.85
Carlton Court ApartmentsJunior One Bedroom1BR,1BA$3.77
44 Huntley StOne bedroom1BR,1BA$2.67
91 Wellesley StreetOne Bedroom + Balcony1BR,1BA$3.17
The WessexBachelorStudio ,1BA$3.63
66 Isabella StOne Bedroom1BR,1BA$3.75
Dundonald ArmsBachelorStudio ,1BA$2.80
96 Isabella The Arms ApartmentsBachelorStudio ,1BA$3.44
48 Isabella St Apartments0 Beds, 1 BathsStudio ,1BA$3.72

Frequently Asked Questions about Bay Street Corridor

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

There are currently 368 Apartments for Rent in Bay Street Corridor, ON with pricing that ranges from $1,425 to $29,339. There are also 682 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bay Street Corridor ranging from $1,300 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 $1,300 to $45,000 with an average monthly rent of $6,950.

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 $29,339, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $45,000. Four Bedroom Single-Family rentals are also available starting from $3,980 and Four Bedroom Apartments start at $10,000.

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 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.

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.

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

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.