
Cheap Homes for Rent in Toronto, ON from $500 (1,136 Rentals) Page 2 of 23
Search the lowest-cost Homes available for rent right now in Toronto.


10 Zezel Way

110 Robinson St

110 Robinson St

45 Silver Springs Blvd

45 Silver Springs Blvd

22 Crosland Dr

1847 Lawrence Ave E

24 Cliffwood Rd

22 Crosland Dr
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

8 Medford Ave, Unit Room # 3

1847 Lawrence Ave E

123 Steeles Ave E

8 Medford Ave, Unit Room # 3

123 Steeles Ave E

71 Thirtieth St

19 Dunsfold Dr

19 Dunsfold Dr

68 Meadowview Ave

68 Meadowview Ave
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.

505 Cummer Ave

505 Cummer Ave

102 Peckham Ave

102 Peckham Ave

18 Troyer Ave

92 Monkhouse Rd

72 Whitehorn Crescent

42 St Dunstan Dr

72 Whitehorn Crescent

92 Monkhouse Rd
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.

2 Grittani Ln

2 Grittani Ln

2 Grittani Ln

42 St Dunstan Dr

18 Troyer Ave

2 Grittani Ln

97 Byng Ave

898 Portage Pkwy, Unit 2308

898 Portage Pkwy, Unit 2308

93 Peckham Ave
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.

500 Drewry Ave

91 Townsgate Dr, Unit 1012

93 Peckham Ave

97 Byng Ave

45 Pineway Blvd

45 Pineway Blvd

91 Townsgate Dr, Unit 1012

500 Drewry Ave

563 Highglen Ave

563 Highglen Ave
Toronto, ON Local Guide
How much does it cost to rent a home in Toronto?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Toronto 2 Bedroom Homes for Rent | $2,714 | $725 | $10,000+ |
| Toronto 3 Bedroom Homes for Rent | $3,533 | $750 | $10,000+ |
| Toronto 4 Bedroom Homes for Rent | $4,545 | $1,500 | $10,000+ |
| Toronto 5 Bedroom Homes for Rent | $6,298 | $998 | $10,000+ |
| Toronto 6 Bedroom Homes for Rent | $8,281 | $1,100 | $10,000+ |
| Toronto 7 Bedroom Homes for Rent | $7,929 | $1,800 | $10,000+ |
Browse Top Homes for Rent in Toronto
Explore Toronto
Toronto, ON Area Reviews
Dee • 4+ years in Toronto
February 25, 202530 years here ... its not impressive working people cant afford rent
Frequently Asked Questions about Toronto
What type of rentals are currently available in Toronto?
There are currently 9612 Apartments for Rent in Toronto, ON with pricing that ranges from $895 to $30,559. There are also 10914 Single Family Homes for rent, Condos, and Townhome rentals currently available in Toronto ranging from $550 to $30,000.
What is the current price range for Rental Homes in Toronto?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Toronto ranges from $550 to $30,000 with an average monthly rent of $2,895.
How much are larger Three and Four Bedroom Rentals in Toronto?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Toronto range from $1,569 to $16,682, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $30,000. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,119.
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

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.

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.

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.

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.