
Cheap 1 Bedroom Apartments for Rent in the Mimico Neighborhood of Toronto, ON from $1,400 (47 Rentals)


Islington Apartments

Islington Apartments

2696 Lake Shore Blvd W

2355 Lake Shore Blvd W

Shoreline Towers

105 Uno Dr

1037 The Queensway

1007 The Queensway
Genius Ideas and Studio Layout Tips That Maximize Every Square Inch
Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

110 Milton St

110 Milton St

Lakeshore

69 Third St

Mimico Estates

36 Ashmore Ave

36 Ashmore Ave

24 2nd Street Apartments

2696 Lake Shore Blvd W
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

2696 Lake Shore Blvd W

2696 Lake Shore Blvd W

2696 Lake Shore Blvd W

2369 Lake Shore Blvd W

SURF

2311 Lake Shore Blvd W

1195 The Queensway

1195 The Queensway

2519 Lake Shore Blvd W
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.

2 Superior Avenue

11 Uno Dr

11 Uno Dr

6 Chartwell Rd

6 Chartwell Rd

90 Portland St

90 Portland St

1007 The Queensway

1007 The Queensway
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.

2 Royal York Apartments

689 The Queensway

689 The Queensway

165 Legion Rd N

7 Smith Crescent

7 Smith Crescent

165 Legion Rd N

689 The Queensway

33 Shore Breeze 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.

689 The Queensway

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 | $2,437 | $1,400 | $7,145 |
| Mimico 2 Bedroom Apartments | $3,271 | $1,840 | $9,064 |
| Mimico 3 Bedroom Apartments | $4,716 | $2,697 | $6,735 |
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 Marina View Apartments which is listed at $1,400, while the average apartment in Mimico costs $4,716.
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

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.