Cheap Homes for Rent in Mimico Neighborhood of Toronto, ON from $1,300 (36 Rentals)

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

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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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.

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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 $1,475. Here are the most affordable Mimico apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Marina View ApartmentsBachelorStudio,1BA$1,400
Mimico Estates0 Beds, 1 BathsStudio,1BA$1,475
Islington Apartments0 Beds, 1 BathsStudio,1BA$1,495
Promenade Apartments1 Bedroom1BR,1BA$1,785
2355 Lake Shore Blvd WOne Bedroom1BR,1BA$1,800
2335 Lake Shore Blvd WOne Bedroom Apartment1BR,1BA$1,999
2 Superior Avenue1 Beds, 1 Baths1BR,1BA$2,200
Landmark Apartments2 Bedroom2BR,1BA$2,225

Best Value Apartments for Rent in Mimico, ON

As of February 03, 2026 the best value apartment in the Mimico area is the $2.89 price per square foot 2 Bedroom Model at Landmark Apartments in the in the Mimico neighborhood starting from $2,225. The second greatest value Mimico apartment is the 1 Beds, 1 Baths Model at 2 Superior Avenue starting at $2,200 with a $3.01 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Landmark Apartments2 Bedroom2BR,1BA$2.89
2 Superior Avenue1 Beds, 1 Baths1BR,1BA$3.01
Mimico Estates1 Beds, 1 Baths1BR,1BA$2.57
Promenade Apartments1 Bedroom1BR,1BA$3.19
Marina View ApartmentsGround 1 Bedroom1BR,1BA$3.78
2355 Lake Shore Blvd WOne Bedroom1BR,1BA$4.50
Islington Apartments0 Beds, 1 BathsStudio ,1BA$4.90

Frequently Asked Questions about Mimico

What type of rentals are currently available in Mimico?

There are currently 348 Apartments for Rent in Mimico, ON with pricing that ranges from $1,045 to $3,200. There are also 155 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mimico ranging from $1,300 to $8,500.

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 $1,300 to $8,500 with an average monthly rent of $3,137.

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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.