
Cheap 1 Bedroom Apartments for Rent in the Mimico Neighborhood of Toronto, ON from $1,300 (41 Rentals)


Islington Apartments

Islington Apartments

Marina View Apartments

2696 Lake Shore Blvd W

2355 Lake Shore Blvd W

Promenade Apartments

Shoreline Towers
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.

105 Uno Dr

1037 The Queensway

2 Superior Ave

1007 The Queensway

24 2nd Street Apartments

36 Ashmore Ave

36 Ashmore Ave

2696 Lake Shore Blvd W
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.

2696 Lake Shore Blvd W

2696 Lake Shore Blvd W

2696 Lake Shore Blvd W

SURF

2311 Lake Shore Blvd W

2369 Lake Shore Blvd W

Mimico Estates

2519 Lake Shore Blvd W
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.

859 The Queensway

46 Albert Ave

46 Albert Ave

2 Superior Avenue

801 The Queensway

801 The Queensway

1007 The Queensway

1007 The Queensway
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.

1037 The Queensway

1037 The Queensway

1007 The Queensway

1007 The Queensway

2 Royal York Apartments

2220 Lake Shore Blvd W

2220 Lake Shore Blvd W

33 Shore Breeze Dr
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.

33 Shore Breeze Dr
Mimico, Toronto, ON Local Guide
How much does it cost to rent an apartment in Mimico?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mimico Studio Apartments | $1,563 | $1,450 | $1,757 |
Mimico 1 Bedroom Apartments | $1,848 | $1,300 | $2,450 |
| Mimico 2 Bedroom Apartments | $2,109 | $900 | $3,200 |
| Mimico 3 Bedroom Apartments | $2,697 | $2,697 | $2,697 |
Explore Toronto
Frequently Asked Questions about Cheap Mimico Apartments
What is a cheap apartment in Mimico?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mimico is under $1,999.
What is the price of a cheap apartment in Mimico?
The cheapest apartment in Mimico is Islington Apartments which is listed at $1,595, while the average apartment in Mimico costs $2,697.
What types of apartments are the cheapest in Mimico?
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 11 regular apartments in Mimico 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

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.

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.

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.

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.