Cheap Homes for Rent in Mimico Neighborhood of Toronto, ON from C$1,500 (11 Rentals)

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

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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$1,485. Mimico Estates has the second lowest priced unit, which is a Studio apartment currently listed from C$1,495. Here are the most affordable Mimico apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Islington Apartments0 Beds, 1 BathsStudio,1BAC$1,485
Mimico Estates0 Beds, 1 BathsStudio,1BAC$1,495
40 Beaty AvStudioStudio,1BAC$1,545
Marina View ApartmentsGround 1 Bedroom1BR,1BAC$1,800
SURFOne Bedroom1BR,C$1,800

Best Value Apartments for Rent in Mimico, ON

As of April 30, 2025 the best value apartment in the Mimico area is the C$2.76 price per square foot Two Bedroom Model at Humber River Apartments in the in the Alderwood neighborhood starting from C$2,619. The second greatest value Mimico apartment is the One Bedroom Model at Fairfield Towers starting at C$2,199 with a C$2.53 price per square foot in the Alderwood 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.
Humber River ApartmentsTwo Bedroom2BR,1BAC$2.76
Fairfield TowersOne Bedroom1BR,1BAC$2.53
Shoreline Towers2 bedroom, 1 bath with a balcony2BR,1BAC$3.15
Marina View Apartments2 Bedroom2BR,1BAC$2.88
Promenade Apartments2 Bedroom2BR,1BAC$3.22
2 Superior Avenue1 Beds, 1 Baths1BR,1BAC$2.87
Lakewood Apartments I1 Bedroom1BR,1BAC$2.74
2311 Lake Shore Blvd WOne Bedroom1BR,1BAC$2.72
Roxbury ManorOne Bedroom1BR,1BAC$3.09
Mimico Estates0 Beds, 1 BathsStudio ,1BAC$2.99

Frequently Asked Questions about Mimico

What type of rentals are currently available in Mimico?

There are currently 355 Apartments for Rent in Mimico, ON with pricing that ranges from C$1,150 to C$4,506. There are also 94 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mimico ranging from C$1,595 to C$8,400.

What is the current price range for Rental Homes in Mimico?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mimico ranges from C$1,595 to C$8,400 with an average monthly rent of C$2,935.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.