Cheap Homes for Rent in New Toronto Neighborhood of Toronto, ON from $1,700 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the New Toronto 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.

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.

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 $1,495. 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 ListingModel NameBed/BathPriced From
Islington Apartments0 Beds, 1 BathsStudio,1BA$1,495
Fairfield TowersOne Bedroom1BR,1BA$1,999
155 Lake Shore155 Lake Shore - Plan B1BR,1BA$2,299

Best Value Apartments for Rent in New Toronto, ON

As of January 31, 2026 the best value apartment in the New Toronto area is the $2.43 price per square foot Two Bedroom Model at Fairfield Towers in the in the Long Branch neighborhood starting from $2,379. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fairfield TowersTwo Bedroom2BR,1BA$2.43
155 Lake Shore155 Lake Shore - Plan B1BR,1BA$3.39
Islington Apartments0 Beds, 1 BathsStudio ,1BA$4.90

Frequently Asked Questions about New Toronto

What type of rentals are currently available in New Toronto?

There are currently 124 Apartments for Rent in New Toronto, ON with pricing that ranges from $1,495 to $3,315. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Toronto ranging from $1,700 to $3,850.

What is the current price range for Rental Homes in New Toronto?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Toronto ranges from $1,700 to $3,850 with an average monthly rent of $2,693.

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 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.

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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.

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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.

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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.