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$1,500 - $2,200Studio to 2 Bedroom Apartments Available Now
2355 Lake Shore Blvd W
2355 Lake Shore Blvd WToronto, ON M8V 1B7
Cheap Apartments for Rent in the Mimico Neighborhood of Toronto, ON from $1,400 (104 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mimico area of Toronto.
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$1,400 - $1,900Studio to 1 Bedroom Apartments Available Now
Marina View Apartments
2303-2307 Lake Shore Blvd WToronto, ON M8V 1A7
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$1,657 - $2,297Studio to 3 Bedroom Apartments Available Jan 1, 2026
Shoreline Towers
2313-2323 Lakeshore Blvd WToronto, ON M8V 1B4
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$1,475 - $1,750Studio to 2 Bedroom Apartments
Mimico Estates
2521-2543 Lake Shore Blvd WToronto, ON M8V 1E5
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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.
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$1,850Studio to 1 Bedroom Apartments
2519 Lake Shore Blvd W
2519 Lake Shore Blvd WToronto, ON M8V 1E3
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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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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.
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$1,999 - $2,499Studio to 2 Bedroom Apartments
2335 Lake Shore Blvd W
2335 Lake Shore Blvd WToronto, ON M8V 1B4
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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.
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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.
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 | $1,495 | $1,400 | $1,657 |
| Mimico 1 Bedroom Apartments | $1,868 | $1,700 | $2,200 |
| Mimico 2 Bedroom Apartments | $2,474 | $2,200 | $3,200 |
Browse Apartments in this Neighborhood
There are currently 104 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. Islington Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,420. 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 |
| Islington Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,420 |
| Mimico Estates | 0 Beds, 1 Baths | Studio,1BA | $1,475 |
| 2355 Lake Shore Blvd W | Studio | Studio,1BA | $1,500 |
| 2335 Lake Shore Blvd W | One Bedroom Apartment | 1BR,1BA | $1,999 |
Best Value Apartments for Rent in Mimico, ON
As of December 05, 2025 the best value apartment in the Mimico area is the $2.41 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 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 | $2.41 |
| Marina View Apartments | Ground 1 Bedroom | 1BR,1BA | $3.78 |
| 2355 Lake Shore Blvd W | Studio | Studio ,1BA | $4.70 |
| Islington Apartments | 0 Beds, 1 Baths | Studio ,1BA | $4.66 |
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 $1,495, while the average apartment in Mimico costs $2,248.
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
Helpful Apartment Articles, How-To's and Tips
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.