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$1,999 - $3,315
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,999 - $3,315
Total Monthly Price
$1,999 - $3,315
Fairfield Towers
6 24th StToronto, ON M8V 3N4
Cheap Apartments for Rent in the New Toronto Neighborhood of Toronto, ON from $1,500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Toronto area of Toronto.
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$1,595 - $1,7501 to 2 Bedroom Apartments Available Now
Islington Apartments
148 Islington AveToronto, ON M8V 3B6
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$1,799 - $2,699Studio to 2 Bedroom Apartments
155 Lake Shore
155 Lake Shore DrToronto, ON M8V 2A1
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Studio to 1 Bedroom Apartments
Woods Manor
2835 Lake Shore Blvd WToronto, ON M8V 1H6
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1 to 2 Bedroom Apartments
25th Street Apartments
80-100 Twenty Fifth StToronto, ON M8V 3P9
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1 Bedroom Apartments
8 Sand Beach Rd
8 Sand Beach RdToronto, ON M8V 3Y8
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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Studio to 2 Bedroom Apartments
Seacomber Apartments
95 Twenty Fifth StToronto, ON M8V 3P9
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1 to 2 Bedroom Apartments
Lorette Manor
250 Twelfth StToronto, ON M8V 3Y8
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1 to 2 Bedroom Apartments
20 14th St
20 14th StToronto, ON M8V 2G9
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1 to 3 Bedroom Apartments
William Punnett Housing CO-OP
3077 Lake Shore BlvdToronto, ON M8V 1K7
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Studio to 2 Bedroom Apartments
70 15th St
70 15th StToronto, ON M8V 3J5
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1 to 4 Bedroom Apartments
Nakiska Co-Operative Homes
3078 Lake Shore BlvdToronto, ON M8V 3G8
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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Studio to 1 Bedroom Apartments
105 25th St
105 25th StToronto, ON M8V 3P9
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1 Bedroom Apartments
185 Symons St
185 Symons StToronto, ON M8V 1V1
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Studio Apartments
2711 Lake Shore Blvd
2711 Lake Shore BlvdToronto, ON M8V 1G8
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Studio to 1 Bedroom Apartments
10-12 Dwight Ave
10-12 Dwight AveToronto, ON M8V 1H1
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Studio Apartments
3150 Lake Shore Blvd W
3150 Lake Shore Blvd WToronto, ON M8V 1J8
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Studio Apartments
2719 Lake Shore Blvd
2719 Lake Shore BlvdToronto, ON M8V 3Y8
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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Studio to 2 Bedroom Apartments
12 Sand Beach Rd
12 Sand Beach RdToronto, ON M8V 3Y8
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Studio Apartments
122 8th St
122 8th StToronto, ON M8V 1J5
Showing Results 1-20, Page 1 of 1
New Toronto, Toronto, ON Local Guide
How much does it cost to rent an apartment in New Toronto?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Toronto 1 Bedroom Apartments | $1,729 | $1,595 | $1,999 |
| New Toronto 2 Bedroom Apartments | $2,326 | $1,750 | $3,200 |
| New Toronto 3 Bedroom Apartments | $3,315 | $3,315 | $3,315 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the New Toronto Neighborhood of Toronto, ON.
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Cheapest Available New Toronto Apartments for Rent
The cheapest available apartment rental in the New Toronto area of Toronto, ON is a 1 Bed unit found at Islington Apartments priced from $1,595. 24 2nd Street Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,595. Here are the most affordable New Toronto apartments for rent in Toronto, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Islington Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,595 |
| 24 2nd Street Apartments | Bachelor | Studio,1BA | $1,595 |
| Fairfield Towers | One Bedroom | 1BR,1BA | $1,999 |
| 155 Lake Shore | 155 Lake Shore - Plan C | 1BR,1BA | $2,049 |
Best Value Apartments for Rent in New Toronto, ON
As of April 24, 2026 the best value apartment in the New Toronto area is the $2.30 price per square foot One Bedroom Model at Fairfield Towers in the in the Long Branch neighborhood starting from $1,999. The second greatest value New Toronto apartment is the 155 Lake Shore - Plan C Model at 155 Lake Shore starting at $2,049 with a $3.11 price per square foot in the New Toronto neighborhood. Here is today’s list of the best values for New Toronto apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fairfield Towers | One Bedroom | 1BR,1BA | $2.30 |
| 155 Lake Shore | 155 Lake Shore - Plan C | 1BR,1BA | $3.11 |
| 24 2nd Street Apartments | Bachelor | Studio ,1BA | $3.19 |
| Islington Apartments | 1 Beds, 1 Baths | 1BR,1BA | $3.89 |
Frequently Asked Questions about Cheap New Toronto Apartments
What types of apartments are the cheapest in New Toronto?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in New Toronto that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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.