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Rent Specials
$1,995 - $4,695Studio to 3 Bedroom Apartments Available Now
Toronto House
225 Adelaide St WToronto, ON M5H 0A7
Cheap Apartments for Rent in the Kensington Chinatown Neighborhood of Toronto, ON from $1,800 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Kensington Chinatown area of Toronto.
321A Augusta Av
TorontoONM5T 2M2
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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Rent Specials
$2,450 - $5,150Studio to 3 Bedroom Apartments Available Now
Waverley
484 Spadina AveToronto, ON M5S 2H1
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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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Kensington Chinatown, Toronto, ON Local Guide
How much does it cost to rent an apartment in Kensington Chinatown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kensington Chinatown Studio Apartments | $3,226 | $1,995 | $4,795 |
| Kensington Chinatown 1 Bedroom Apartments | $3,841 | $2,675 | $6,021 |
| Kensington Chinatown 2 Bedroom Apartments | $4,220 | $2,300 | $6,583 |
| Kensington Chinatown 3 Bedroom Apartments | $5,117 | $3,600 | $6,612 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Kensington Chinatown Neighborhood of Toronto, ON.
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Cheapest Available Kensington Chinatown Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Toronto House | Studio | Studio,1BA | $1,995 |
| Waverley | Sinclair 2 | Studio,1BA | $2,475 |
Best Value Apartments for Rent in Kensington Chinatown, ON
As of December 24, 2025 the best value apartment in the Kensington Chinatown area is the $4.41 price per square foot Studio Model at Toronto House in the in the Bay Street Corridor neighborhood starting from $1,995. The second greatest value Kensington Chinatown apartment is the Sinclair 2 Model at Waverley starting at $2,475 with a $5.77 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Toronto House | Studio | Studio ,1BA | $4.41 |
| Waverley | Sinclair 2 | Studio ,1BA | $5.77 |
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 $2,200, while the average apartment in Kensington Chinatown costs $5,150.
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 13 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 $1,314 which is $3,836 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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!