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Cheap Apartments for Rent in the New Toronto Neighborhood of Toronto, ON from $1,400 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Toronto area of Toronto.
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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.
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 Studio Apartments | $1,420 | $1,420 | $1,420 |
| New Toronto 2 Bedroom Apartments | $3,200 | $3,200 | $3,200 |
Browse Apartments in this Neighborhood
There are currently 67 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 Studio unit found at Islington Apartments priced from $1,420. Fairfield Towers has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,999. Here are the most affordable New Toronto apartments for rent in Toronto, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Islington Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,420 |
| Fairfield Towers | One Bedroom | 1BR,1BA | $1,999 |
| 155 Lake Shore | 155 Lake Shore - Plan B | 1BR,1BA | $2,299 |
Best Value Apartments for Rent in New Toronto, ON
As of December 24, 2025 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 B Model at 155 Lake Shore starting at $2,299 with a $3.39 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 B | 1BR,1BA | $3.39 |
| Islington Apartments | 0 Beds, 1 Baths | Studio ,1BA | $4.66 |
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!