Cheap Homes for Rent in Mimico Neighborhood of Toronto, ON from $1,100 (35 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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Showing Results 1-35, Page 1 of 1

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 $1,395. Marina View Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,400. Here are the most affordable Mimico apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Mimico Estates0 Beds, 1 BathsStudio,1BA$1,395
Marina View ApartmentsBachelorStudio,1BA$1,400
Islington Apartments0 Beds, 1 BathsStudio,1BA$1,420
2355 Lake Shore Blvd WOne Bedroom1BR,1BA$1,800
Promenade Apartments1 Bedroom1BR,1BA$1,895
2335 Lake Shore Blvd WOne Bedroom Apartment1BR,1BA$1,999

Best Value Apartments for Rent in Mimico, ON

As of December 19, 2025 the best value apartment in the Mimico area is the $2.41 price per square foot 1 Beds, 1 Baths Model at Mimico Estates in the in the Mimico neighborhood starting from $1,750. The second greatest value Mimico apartment is the 1 Bedroom Model at Promenade Apartments starting at $1,825 with a $3.18 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$2.41
Promenade Apartments1 Bedroom1BR,1BA$3.18
Marina View ApartmentsGround 1 Bedroom1BR,1BA$3.78
2355 Lake Shore Blvd WOne Bedroom1BR,1BA$4.50
Islington Apartments0 Beds, 1 BathsStudio ,1BA$4.66

Frequently Asked Questions about Mimico

What type of rentals are currently available in Mimico?

There are currently 350 Apartments for Rent in Mimico, ON with pricing that ranges from $1,100 to $3,200. There are also 195 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mimico ranging from $1,150 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 $1,150 to $8,500 with an average monthly rent of $3,747.

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 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.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.