
Cheap 2 Bedroom Apartments for Rent in the Mimico Neighborhood of Toronto, ON from $1,840 (26 Rentals)


Promenade Apartments

24 2nd Street Apartments

797 Oxford St

797 Oxford St

2976 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.

2976 Lake Shore Blvd W

77 Murrie St

77 Murrie St

43 St George St

43 St George St

407 Royal York Rd
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

407 Royal York Rd

2386 Lake Shore Blvd W

2386 Lake Shore Blvd W

Landmark Apartments

2556 Lake Shore Blvd W

156 Royal York Rd
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.

2556 Lake Shore Blvd W

156 Royal York Rd

1164 The Queensway

1164 The Queensway

1007 The Queensway

1007 The Queensway
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.

1037 The Queensway

1037 The Queensway
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 | $2,438 | $1,400 | $7,149 |
Mimico 2 Bedroom Apartments | $3,270 | $1,840 | $9,058 |
| 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 $1,840, 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

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.