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$1,400 - $1,7001 Bedroom Apartments Available Now
Marina View Apartments
2303-2307 Lake Shore Blvd WToronto, ON M8V 1A7
Cheap Apartments for Rent in the Mimico Neighborhood of Toronto, ON from $1,300 (72 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mimico area of Toronto.
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$1,420 - $1,790Studio to 2 Bedroom Apartments Available Now
Islington Apartments
148 Islington AveToronto, ON M8V 3B6
Islington Apartments
148 Islington Ave
TorontoONM8V 3B6
Mimico Estates
2527 Lake Shore Blvd W
TorontoONM8V 1E6
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$1,550 - $2,200Studio to 2 Bedroom Apartments Available Now
2355 Lake Shore Blvd W
2355 Lake Shore Blvd WToronto, ON M8V 1B7
39 Vanevery St
TorontoONM8V 1Y5
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$1,757 - $2,697Studio to 3 Bedroom Apartments Available Now
Shoreline Towers
2313-2323 Lakeshore Blvd WToronto, ON M8V 1B4
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$1,7951 Bedroom Apartments Contact Us For Availability
Promenade Apartments
2301 Lakeshore Blvd WToronto, ON M8V 1A7
2407 Lake Shore Blvd W
TorontoONM8V 1C5
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$1,895 - $3,500
Total Monthly Price
Base Rent$1,895 - $3,500
Total Monthly Price$1,895 - $3,500
Halsa
230 Royal York RdToronto, ON M8V 2V9
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
2 Superior Ave
TorontoONM8V 2M3
4 Superior Ave
TorontoONM8V 2M4
105 Uno Dr
TorontoONM8Z 3P2
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$2,000 - $2,650
Total Monthly Price
Base Rent$2,000 - $2,650
Total Monthly Price$2,000 - $2,650
2 Royal York Apartments
2 Royal York RdToronto, ON M8V 2S6
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$1,300 - $2,400Studio to 2 Bedroom Apartments
Eldorado Apartments
2667 Lake Shore BlvdToronto, ON M8V 1G8
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$1,350 - $1,700Studio to 1 Bedroom Apartments
Lakeshore
2545-2561 Lakeshore Blvd WToronto, ON M8V 3Y3
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$1,490 - $2,395Studio to 2 Bedroom Apartments
Mimico Estates
2521-2543 Lake Shore Blvd WToronto, ON M8V 1E5
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$1,500 - $2,650Studio to 2 Bedroom Apartments
The Deauville
2663 Lake Shore Blvd WToronto, ON M8V 1E5
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$1,595 - $2,295Studio to 2 Bedroom Apartments
24 2nd Street Apartments
24 2nd StToronto, ON M8V 1H4
95 Royal York Rd
TorontoONM8V 2T9
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
95 Royal York Rd
TorontoONM8V 2T9
56-356 Annie Craig Dr
TorontoONM8V 0C8
7 Ashmore Ave
TorontoONM8Z 4C5
7 Ashmore Ave
TorontoONM8Z 4C5
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$1,700 - $2,450Studio to 2 Bedroom Apartments
Riviera Court
6 Royal York RdToronto, ON M8V 2S7
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$1,725 - $2,499Studio to 2 Bedroom Apartments
2335 Lake Shore Blvd W
2335 Lake Shore Blvd WToronto, ON M8V 1B4
36 Zorra St
TorontoONM8Z 0G5
36 Zorra St
TorontoONM8Z 0G5
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$1,762 - $1,849Studio to 2 Bedroom Apartments
26 Albert Avenue
26 Albert AveToronto, ON M8V 1C2
2696 Lake Shore Blvd W, Unit 5
2696 Lake Shore Blvd W
TorontoONM8V 1G8
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
2696 Lake Shore Blvd W, Unit 5
2696 Lake Shore Blvd W
TorontoONM8V 1G8
77 Murrie St
TorontoONM8V 1X6
77 Murrie St
TorontoONM8V 1X6
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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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$1,800 - $1,850Studio to 1 Bedroom Apartments
2311 Lake Shore Blvd W
2311 Lake Shore Blvd WToronto, ON M8V 1A6
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$1,8001 Bedroom Apartments
SURF
2309 Lake Shore Blvd WToronto, ON M8V 1A6
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$1,845Studio to 3 Bedroom Apartments
Landmark Apartments
2493 Lake Shore Blvd WToronto, ON M8V 1E2
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$1,850Studio to 1 Bedroom Apartments
2519 Lake Shore Blvd W
2519 Lake Shore Blvd WToronto, ON M8V 1E3
23 Algoma St
TorontoONM8Y 1C2
23 Algoma St
TorontoONM8Y 1C2
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.
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$1,899Studio to 3 Bedroom Apartments
2 Superior Avenue
2 Superior AveToronto, ON M8V 2M1
6 Chartwell Rd, Unit 302
6 Chartwell Rd
TorontoONM8Z 0H2
49 Algoma St
TorontoONM8Y 1C4
49 Algoma St
TorontoONM8Y 1C4
701 The Queensway
TorontoONM8Y 1L2
701 The Queensway
TorontoONM8Y 1L2
6 Chartwell Rd, Unit 302
6 Chartwell Rd
TorontoONM8Z 0H2
2508 Lake Shore Blvd W, Unit D
2508 Lake Shore Blvd W
TorontoONM8V 1E1
2508 Lake Shore Blvd W, Unit D
2508 Lake Shore Blvd W
TorontoONM8V 1E1
36 Second St, Unit 3
36 Second St
TorontoONM8V 2X2
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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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 | $1,634 | $1,420 | $2,125 |
| Mimico 1 Bedroom Apartments | $1,929 | $1,400 | $2,650 |
| Mimico 2 Bedroom Apartments | $2,996 | $1,790 | $6,906 |
| Mimico 3 Bedroom Apartments | $4,212 | $2,697 | $5,727 |
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 72 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 1 Bed 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 | 1 Bedroom | 1BR,1BA | $1,400 |
| Islington Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,420 |
| Mimico Estates | 0 Beds, 1 Baths | Studio,1BA | $1,490 |
| 2355 Lake Shore Blvd W | Studio | Studio,1BA | $1,550 |
| 2335 Lake Shore Blvd W | Bachelor Apartment | Studio,1BA | $1,725 |
| Shoreline Towers | Bachelor, 1 bath with a balcony | Studio,1BA | $1,757 |
| 26 Albert Avenue | 1 Bedroom | 1BR,1BA | $1,849 |
| Halsa | Studio | Studio,1BA | $1,895 |
| 2 Superior Avenue | 1 Beds, 1 Baths | 1BR,1BA | $1,899 |
| 2 Royal York Apartments | One Bedroom | 1BR,1BA | $2,000 |
Best Value Apartments for Rent in Mimico, ON
As of September 05, 2026 the best value apartment in the Mimico area is the $2.45 price per square foot 2 Beds, 1 bath Model at Riviera Court in the in the Mimico neighborhood starting from $2,450. The second greatest value Mimico apartment is the 2 Beds, 1 Baths Model at Mimico Estates starting at $2,395 with a $2.53 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. |
|---|---|---|---|
| Riviera Court | 2 Beds, 1 bath | 2BR,1BA | $2.45 |
| Mimico Estates | 2 Beds, 1 Baths | 2BR,1BA | $2.53 |
| 2 Royal York Apartments | Two Bedroom | 2BR,1BA | $3.19 |
| Eldorado Apartments | 2 Beds, 1 bath | 2BR,1BA | $3.06 |
| The Deauville | One Bedroom | 1BR,1BA | $3.02 |
| 2 Superior Avenue | 1 Beds, 1 Baths | 1BR,1BA | $3.17 |
| 26 Albert Avenue | 1 Bedroom | 1BR,1BA | $3.20 |
| Halsa | Studio | Studio ,1BA | $4.16 |
| Marina View Apartments | 1 Bedroom | 1BR,1BA | $3.11 |
| Shoreline Towers | Bachelor, 1 bath with a balcony | Studio ,1BA | $4.32 |
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 $2,000.
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 $1,924.
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 15 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.