Cheap Apartments for Rent in the Kensington Chinatown Neighborhood of Toronto, ON from $1,500 (100 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Kensington Chinatown area of Toronto.

property at 179 Markham St

$2,500 - $3,600

3 Bedroom Rentals

Available Now

179 Markham St

TorontoONM6J 2G7

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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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Grange Tower
$1,850 - $3,700Studio to 3 Bedroom Apartments

Grange Tower

20 St Patrick StToronto, ON M5T 2Y4
  • Utilities Included
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Grange Apartments
$2,175Studio to 3 Bedroom Apartments

Grange Apartments

164-168 Grange AveToronto, ON M5T 2V5
Student Housing
  • Utilities Included
  • Smoke Free

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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 Kensington Chinatown Apartments for Rent

 

The cheapest available apartment rental in the Kensington Chinatown area of Toronto, ON is a Studio unit found at Toronto House priced from $2,105. Waverley has the second lowest priced unit, which is a 1 Bed apartment currently listed from $3,265. Here are the most affordable Kensington Chinatown apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Toronto HouseStudioStudio,1BA$2,105
WaverleyHelm1BR,1BA$3,265
23 RossThird Level3BR,3BA$6,000

Best Value Apartments for Rent in Kensington Chinatown, ON

As of August 25, 2026 the best value apartment in the Kensington Chinatown area is the $6.03 price per square foot Third Level Model at 23 Ross in the in the Kensington Chinatown neighborhood starting from $6,000. The second greatest value Kensington Chinatown apartment is the Helm Model at Waverley starting at $3,265 with a $6.00 price per square foot in the Kensington Chinatown neighborhood. Here is today’s list of the best values for Kensington Chinatown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
23 RossThird Level3BR,3BA$6.03
WaverleyHelm1BR,1BA$6.00
Toronto HouseJunior 1 BR1BR,1BA$5.64

Frequently Asked Questions about Cheap Kensington Chinatown Apartments

What is the price of a cheap apartment in Kensington Chinatown?

The cheapest apartment in Kensington Chinatown is Toronto House which is listed at $2,345, while the average apartment in Kensington Chinatown costs $4,368.

What types of apartments are the cheapest in Kensington Chinatown?

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 12 regular apartments in Kensington Chinatown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Kensington Chinatown?

Cheap apartments in Kensington Chinatown have an average cost of $1,307 which is $3,061 cheaper than the average rent for all rentals in Kensington Chinatown.

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 Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.