Cheap Homes for Rent in Mimico Neighborhood of Toronto, ON from C$1,600 (15 Rentals)

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

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.

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.

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.

Cheapest Available Mimico Apartments for Rent

 

The cheapest available apartment rental in the Mimico area of Toronto, ON is a Studio unit found at 40 Beaty Av priced from C$1,345. Islington Apartments has the second lowest priced unit, which is a Studio apartment currently listed from C$1,485. Here are the most affordable Mimico apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
40 Beaty AvStudioStudio,1BAC$1,345
Islington Apartments0 Beds, 1 BathsStudio,1BAC$1,485
Mimico Estates0 Beds, 1 BathsStudio,1BAC$1,585
Marina View ApartmentsGround 1 Bedroom1BR,1BAC$1,800
Shoreline TowersBachelor, 1 bath with a balconyStudio,1BAC$1,800

Best Value Apartments for Rent in Mimico, ON

As of June 15, 2025 the best value apartment in the Mimico area is the C$2.75 price per square foot 2 Bedroom Model at Marina View Apartments in the in the Alderwood neighborhood starting from C$2,200. The second greatest value Mimico apartment is the 1 Bedroom Model at Lakewood Apartments I starting at C$2,145 with a C$3.21 price per square foot in the Port Credit 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.
Marina View Apartments2 Bedroom2BR,1BAC$2.75
Lakewood Apartments I1 Bedroom1BR,1BAC$3.21
1015 Orchard1015 Orchard - Plan A1BR,1BAC$3.13
Landmark Apartments1 Bedroom1BR,1BAC$3.47
Promenade Apartments1 Bedroom1BR,1BAC$3.64
22 Oakmount1 Bedroom A1BR,1BAC$3.84
Mimico Estates0 Beds, 1 BathsStudio ,1BAC$3.17
Shoreline TowersBachelor, 1 bath with a balconyStudio ,1BAC$4.42
Islington Apartments0 Beds, 1 BathsStudio ,1BAC$4.87

Frequently Asked Questions about Mimico

What type of rentals are currently available in Mimico?

There are currently 353 Apartments for Rent in Mimico, ON with pricing that ranges from C$1,345 to C$3,350. There are also 115 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mimico ranging from C$1,650 to C$8,200.

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$1,650 to C$8,200 with an average monthly rent of C$2,989.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.