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C$1,500 - C$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 C$1,000 (104 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mimico area of Toronto.
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C$1,700 - C$1,9001 Bedroom Apartments Available Now
Marina View Apartments
2303-2307 Lake Shore Blvd WToronto, ON M8V 1A7
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C$1,700 - C$2,450Studio to 3 Bedroom Apartments Available Nov 1
Shoreline Towers
2313-2323 Lakeshore Blvd WToronto, ON M8V 1B4
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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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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 to 3 Bedroom Apartments
IQ Condominiums Phase II- Towers A & B
1061 The QueenswayToronto, ON M8Z 1R7
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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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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 | C$1,573 | C$1,495 | C$1,700 |
| Mimico 1 Bedroom Apartments | C$1,842 | C$1,650 | C$2,145 |
| Mimico 2 Bedroom Apartments | C$2,250 | C$1,000 | C$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 Islington Apartments priced from C$1,495. 2355 Lake Shore Blvd W has the second lowest priced unit, which is a Studio apartment currently listed from C$1,500. Here are the most affordable Mimico apartments for rent in Toronto, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Islington Apartments | 0 Beds, 1 Baths | Studio,1BA | C$1,495 |
| 2355 Lake Shore Blvd W | Studio | Studio,1BA | C$1,500 |
| Mimico Estates | 0 Beds, 1 Baths | Studio,1BA | C$1,575 |
| Marina View Apartments | Ground 1 Bedroom | 1BR,1BA | C$1,700 |
| Promenade Apartments | 1 Bedroom | 1BR,1BA | C$1,795 |
| 2335 Lake Shore Blvd W | One Bedroom Apartment | 1BR,1BA | C$1,999 |
Best Value Apartments for Rent in Mimico, ON
As of October 20, 2025 the best value apartment in the Mimico area is the C$2.63 price per square foot 1 Beds, 1 Baths Model at Mimico Estates in the in the Mimico neighborhood starting from C$1,895. The second greatest value Mimico apartment is the 1 Bedroom Model at Promenade Apartments starting at C$1,795 with a C$3.26 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 | C$2.63 |
| Promenade Apartments | 1 Bedroom | 1BR,1BA | C$3.26 |
| Marina View Apartments | Ground 1 Bedroom | 1BR,1BA | C$3.78 |
| 2355 Lake Shore Blvd W | Studio | Studio ,1BA | C$4.70 |
| Islington Apartments | 0 Beds, 1 Baths | Studio ,1BA | C$4.90 |
Frequently Asked Questions about Cheap Mimico Apartments
What is the Cheapest Studio apartment in Mimico?
Currently the most affordable Cheap Studio Apartment in Mimico is at Islington Apartments listed at C$1,495.
How much is rent for a Cheap One Bedroom Mimico Apartment?
The lowest price for a Cheap One Bedroom Mimico Apartment is C$1,595 at Islington Apartments.
What is the lowest price for a Cheap Two Bedroom Mimico Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Mimico is starting from C$2,095 at Promenade Apartments.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.