2294 Lake Shore Blvd W
TorontoONM8V 1B4
Cheap Apartments for Rent in the Mimico Neighborhood of Toronto, ON from $1,000 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mimico area of Toronto.
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Rent Specials
$1,400 - $1,900
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,400 - $1,900
Total Monthly Price
$1,400 - $1,900
Marina View Apartments
2303-2307 Lake Shore Blvd WToronto, ON M8V 1A7
2527 Lake Shore Blvd W
TorontoONM8V 1E6
2407 Lake Shore Blvd W
TorontoONM8V 1C5
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$1,550 - $2,200
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,550 - $2,200
Total Monthly Price
$1,550 - $2,200
2355 Lake Shore Blvd W
2355 Lake Shore Blvd WToronto, ON M8V 1B7
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$1,550 - $1,7901 to 2 Bedroom Apartments Available Now
Islington Apartments
148 Islington AveToronto, ON M8V 3B6
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.
148 Islington Ave
TorontoONM8V 3B6
155 Stanley Ave
TorontoONM8V 1N8
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$1,707 - $2,647Studio to 3 Bedroom Apartments Available Now
Shoreline Towers
2313-2323 Lakeshore Blvd WToronto, ON M8V 1B4
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$1,495 - $1,865Studio to 2 Bedroom Apartments
Mimico Estates
2521-2543 Lake Shore Blvd WToronto, ON M8V 1E5
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$1,8001 to 2 Bedroom Apartments
2369 Lake Shore Blvd W
2369 Lake Shore Blvd WToronto, ON M8V 1C2
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$1,8001 Bedroom Apartments
SURF
2309 Lake Shore Blvd WToronto, ON M8V 1A6
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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$1,800 - $1,850Studio to 1 Bedroom Apartments
2311 Lake Shore Blvd W
2311 Lake Shore Blvd WToronto, ON M8V 1A6
Showing Results 1-13, Page 1 of 1
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 | $1,529 | $1,400 | $1,707 |
| Mimico 1 Bedroom Apartments | $1,865 | $1,550 | $2,250 |
| Mimico 2 Bedroom Apartments | $2,126 | $1,000 | $3,200 |
| Mimico 3 Bedroom Apartments | $2,647 | $2,647 | $2,647 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Mimico Neighborhood of Toronto, ON.
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Cheapest Available Mimico Apartments for Rent
The cheapest available apartment rental in the Mimico area of Toronto, ON is a Studio 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 $1,495. Here are the most affordable Mimico apartments for rent in Toronto, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Marina View Apartments | Bachelor | Studio,1BA | $1,400 |
| Mimico Estates | 0 Beds, 1 Baths | Studio,1BA | $1,495 |
| Islington Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,550 |
| 2355 Lake Shore Blvd W | Studio | Studio,1BA | $1,550 |
| Shoreline Towers | Bachelor, 1 bath with a balcony | Studio,1BA | $1,707 |
Best Value Apartments for Rent in Mimico, ON
As of March 06, 2026 the best value apartment in the Mimico area is the $2.37 price per square foot 1 Beds, 1 Baths Model at Mimico Estates in the in the Mimico neighborhood starting from $1,865. The second greatest value Mimico apartment is the Ground 1 Bedroom Model at Marina View Apartments starting at $1,700 with a $3.78 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mimico Estates | 1 Beds, 1 Baths | 1BR,1BA | $2.37 |
| Marina View Apartments | Ground 1 Bedroom | 1BR,1BA | $3.78 |
| Islington Apartments | 1 Beds, 1 Baths | 1BR,1BA | $3.78 |
| Shoreline Towers | Bachelor, 1 bath with a balcony | Studio ,1BA | $4.19 |
| 2355 Lake Shore Blvd W | Studio | Studio ,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 Islington Apartments which is listed at $1,550, while the average apartment in Mimico costs $2,647.
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 8 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
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.
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.