
Cheap Homes for Rent in New Toronto Neighborhood of Toronto, ON from $1,100 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the New Toronto area of Toronto.


199 Ninth St

35 Twenty Fourth St

90 Twenty Fifth St

10-105 TWENTY FIFTH STREET
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.

32 Seventh St

2791 Lake Shore Blvd W

68 Fifteenth St

71 Thirteenth St

14 Vanevery St
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.
New Toronto, Toronto, ON Local Guide
How much does it cost to rent a home in New Toronto?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Toronto 2 Bedroom Homes for Rent | $2,816 | $2,300 | $3,200 |
| New Toronto 3 Bedroom Homes for Rent | $3,499 | $2,897 | $3,850 |
| New Toronto 4 Bedroom Homes for Rent | $3,400 | $3,300 | $3,500 |
| New Toronto 5 Bedroom Homes for Rent | $7,499 | $7,499 | $7,499 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the New Toronto Neighborhood of Toronto, ON.
Explore Toronto
Cheapest Available New Toronto Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Islington Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,420 |
| 155 Lake Shore | 155 Lake Shore - Plan B | 1BR,1BA | $2,299 |
Best Value Apartments for Rent in New Toronto, ON
As of December 09, 2025 the best value apartment in the New Toronto area is the $3.39 price per square foot 155 Lake Shore - Plan B Model at 155 Lake Shore in the in the New Toronto neighborhood starting from $2,299. The second greatest value New Toronto apartment is the 0 Beds, 1 Baths Model at Islington Apartments starting at $1,420 with a $4.66 price per square foot in the Mimico 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. |
|---|---|---|---|
| 155 Lake Shore | 155 Lake Shore - Plan B | 1BR,1BA | $3.39 |
| Islington Apartments | 0 Beds, 1 Baths | Studio ,1BA | $4.66 |
Frequently Asked Questions about New Toronto
What type of rentals are currently available in New Toronto?
There are currently 125 Apartments for Rent in New Toronto, ON with pricing that ranges from $1,420 to $3,200. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Toronto ranging from $1,150 to $7,499.
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 $1,150 to $7,499 with an average monthly rent of $3,786.
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

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!

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.