Cheap Apartments for Rent in the Caledonia Fairbank Neighborhood of Toronto, ON from $1,400 (10 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Caledonia Fairbank 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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Northcliffe Heights
$1,669Studio to 2 Bedroom Apartments

Northcliffe Heights

620 Northcliffe BlvdToronto, ON M6E 3M1
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682 Northcliffe Blvd
Studio to 2 Bedroom Apartments

682 Northcliffe Blvd

682 Northcliffe BlvdToronto, ON M6E 3M5
  • Utilities Included
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640 Lauder Ave
Studio to 2 Bedroom Apartments

640 Lauder Ave

640 Lauder AveToronto, ON M6E 3K1
  • Utilities Included

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Cheapest Available Caledonia Fairbank Apartments for Rent

 

The cheapest available apartment rental in the Caledonia Fairbank area of Toronto, ON is a Studio unit found at Gertrude Suites priced from $1,499. 633 Northcliffe Boulevard has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,628. Here are the most affordable Caledonia Fairbank apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Gertrude SuitesStudioStudio,1BA$1,499
633 Northcliffe Boulevard1 Bed, 1 Bath1BR,1BA$1,628
2040 EGLINTON AVE WStudioStudio,1BA$1,845

Best Value Apartments for Rent in Caledonia Fairbank, ON

As of April 22, 2026 the best value apartment in the Caledonia Fairbank area is the $2.77 price per square foot 1 bedroom, bathroom and balcony Model at 2005 Eglinton Avenue West in the in the Briar Hill Belgravia neighborhood starting from $2,047. The second greatest value Caledonia Fairbank apartment is the 1 Bed, 1 Bath Model at 633 Northcliffe Boulevard starting at $1,628 with a $2.72 price per square foot in the Briar Hill Belgravia neighborhood. Here is today’s list of the best values for Caledonia Fairbank apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2005 Eglinton Avenue West1 bedroom, bathroom and balcony1BR,1BA$2.77
633 Northcliffe Boulevard1 Bed, 1 Bath1BR,1BA$2.72
The FairbankStudio Unit - TerraceStudio ,1BA$4.44
2040 EGLINTON AVE WStudioStudio ,1BA$4.01
Gertrude SuitesStudioStudio ,1BA$3.75

Frequently Asked Questions about Cheap Caledonia Fairbank Apartments

What is a cheap apartment in Caledonia Fairbank?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Caledonia Fairbank is under $2,099.

What is the price of a cheap apartment in Caledonia Fairbank?

The cheapest apartment in Caledonia Fairbank is 633 Northcliffe Boulevard which is listed at $1,628, while the average apartment in Caledonia Fairbank costs $3,699.

What types of apartments are the cheapest in Caledonia Fairbank?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 52 regular apartments in Caledonia Fairbank that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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 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.

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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.