Cheap Apartments for Rent in the Mimico Neighborhood of Toronto, ON from $800 (79 Rentals)

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

property at 2527 Lake Shore Blvd W

$1,450 - $2,350

Studio To 2 Bedroom Rentals

Available Now

Mimico Estates

2527 Lake Shore Blvd W
TorontoONM8V 1E6
property at 148 Islington Ave

$1,550 - $1,840

1 To 2 Bedroom Rentals

Available Now

Islington Apartments

148 Islington Ave
TorontoONM8V 3B6

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Promenade Apartments
$1,9992 Bedroom Apartments Available Now

Promenade Apartments

2301 Lakeshore Blvd WToronto, ON M8V 1A7
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Lakeshore
$1,350 - $1,700Studio to 1 Bedroom Apartments

Lakeshore

2545-2561 Lakeshore Blvd WToronto, ON M8V 3Y3
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Mimico Estates
$1,450 - $2,350Studio to 2 Bedroom Apartments

Mimico Estates

2521-2543 Lake Shore Blvd WToronto, ON M8V 1E5

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26 Albert Avenue
$1,699Studio to 2 Bedroom Apartments

26 Albert Avenue

26 Albert AveToronto, ON M8V 1C2
  • Utilities Included
property at 69 Third St

$1,700

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$1,700
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$1,700

1 Bedroom, 1 Bath Home for Rent

Available Now

69 Third St

TorontoONM8V 2X7
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Landmark Apartments
$1,799 - $1,999Studio to 3 Bedroom Apartments

Landmark Apartments

2493 Lake Shore Blvd WToronto, ON M8V 1E2
  • Utilities Included
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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2369 Lake Shore Blvd W
$1,8001 to 2 Bedroom Apartments

2369 Lake Shore Blvd W

2369 Lake Shore Blvd WToronto, ON M8V 1C2
Student Housing
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SURF
$1,8001 Bedroom Apartments

SURF

2309 Lake Shore Blvd WToronto, ON M8V 1A6
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2311 Lake Shore Blvd W
$1,800 - $1,850Studio to 1 Bedroom Apartments

2311 Lake Shore Blvd W

2311 Lake Shore Blvd WToronto, ON M8V 1A6
Student Housing

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2519 Lake Shore Blvd W
$1,850Studio to 1 Bedroom Apartments

2519 Lake Shore Blvd W

2519 Lake Shore Blvd WToronto, ON M8V 1E3
Student Housing
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2 Superior Avenue
$1,900 - $2,200Studio to 3 Bedroom Apartments

2 Superior Avenue

2 Superior AveToronto, ON M8V 2M1

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Cheapest Available Mimico Apartments for Rent

 

The cheapest available apartment rental in the Mimico area of Toronto, ON is a 1 Bed unit found at Marina View Apartments priced from $1,400. Mimico Estates has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here are the most affordable Mimico apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Marina View Apartments1 Bedroom1BR,1BA$1,400
Mimico Estates0 Beds, 1 BathsStudio,1BA$1,450
2355 Lake Shore Blvd WStudioStudio,1BA$1,550
Islington Apartments1 Beds, 1 Baths1BR,1BA$1,550
26 Albert AvenueStudio (Bachelor)Studio,1BA$1,699
Shoreline TowersBachelor, 1 bath with a balconyStudio,1BA$1,757
24 2nd Street ApartmentsOne Bedroom (Standard)1BR,1BA$1,795
Landmark Apartments2 Bedroom2BR,1BA$1,999
2335 Lake Shore Blvd WOne Bedroom Apartment1BR,1BA$1,999
Promenade Apartments2 Bedroom2BR,1BA$1,999

Best Value Apartments for Rent in Mimico, ON

As of June 04, 2026 the best value apartment in the Mimico area is the $2.22 price per square foot 1 Beds, 1 Baths Model at Mimico Estates in the in the Mimico neighborhood starting from $1,750. The second greatest value Mimico apartment is the 2 Bedroom Model at Promenade Apartments starting at $1,999 with a $2.56 price per square foot in the Mimico neighborhood. Here is today’s list of the best values for Mimico apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mimico Estates1 Beds, 1 Baths1BR,1BA$2.22
Promenade Apartments2 Bedroom2BR,1BA$2.56
Landmark Apartments2 Bedroom2BR,1BA$2.60
24 2nd Street ApartmentsOne Bedroom (Standard)1BR,1BA$2.76
Marina View Apartments1 Bedroom1BR,1BA$3.11
Islington Apartments1 Beds, 1 Baths1BR,1BA$3.78
Shoreline TowersBachelor, 1 bath with a balconyStudio ,1BA$4.32
26 Albert AvenueStudio (Bachelor)Studio ,1BA$4.33
2355 Lake Shore Blvd WStudioStudio ,1BA$4.86

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 $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.

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