Cheap Homes for Rent in Mimico Neighborhood of Toronto, ON from $1,600 (62 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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Mimico Estates priced from $1,495. 2355 Lake Shore Blvd W has the second lowest priced unit, which is a Studio apartment currently listed from $1,550. Here are the most affordable Mimico apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Mimico Estates0 Beds, 1 BathsStudio,1BA$1,495
2355 Lake Shore Blvd WStudioStudio,1BA$1,550
Marina View ApartmentsGround 1 Bedroom1BR,1BA$1,600
Islington Apartments1 Beds, 1 Baths1BR,1BA$1,615
Shoreline TowersBachelor, 1 bath with a balconyStudio,1BA$1,757
2 Superior Avenue1 Beds, 1 Baths1BR,1BA$1,900
2335 Lake Shore Blvd WOne Bedroom Apartment1BR,1BA$1,999

Best Value Apartments for Rent in Mimico, ON

As of March 20, 2026 the best value apartment in the Mimico area is the $2.37 price per square foot 1 Beds, 1 Baths Model at Mimico Estates in the in the Mimico neighborhood starting from $1,865. The second greatest value Mimico apartment is the 1 Beds, 1 Baths Model at 2 Superior Avenue starting at $2,250 with a $3.75 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.
Mimico Estates1 Beds, 1 Baths1BR,1BA$2.37
2 Superior Avenue1 Beds, 1 Baths1BR,1BA$3.75
Marina View ApartmentsGround 1 Bedroom1BR,1BA$3.56
Islington Apartments1 Beds, 1 Baths1BR,1BA$3.94
Shoreline TowersBachelor, 1 bath with a balconyStudio ,1BA$4.32
2355 Lake Shore Blvd WStudioStudio ,1BA$4.86

Frequently Asked Questions about Mimico

What type of rentals are currently available in Mimico?

There are currently 356 Apartments for Rent in Mimico, ON with pricing that ranges from $950 to $3,200. There are also 227 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mimico ranging from $1,699 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 $1,699 to $8,500 with an average monthly rent of $3,286.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.