
Cheap Homes for Rent in New Toronto Neighborhood of Toronto, ON from $1,400 (24 Rentals)
Search the lowest-cost Homes available for rent right now in the New Toronto area of Toronto.


6 Seventeenth St

3110 Lake Shore Blvd W

3110 Lake Shore Blvd W

3110 Lake Shore Blvd W

3110 Lake Shore Blvd W

2798 Lake Shore Blvd W

2798 Lake Shore Blvd W
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.

90 Twenty Fifth St

90 Twenty Fifth St

90 Twenty Fifth St

90 Twenty Fifth St

69 Third St

2961 Lake Shore Blvd W

2976 Lake Shore Blvd W

2976 Lake Shore Blvd W
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.

77 Murrie St

77 Murrie St

79 Twenty Fifth St

79 Twenty Fifth St

80 Twenty Fifth St

100 Twenty Fifth St

100 Twenty Fifth St

80 Twenty Fifth St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 | $2,303 | $1,800 | $2,800 |
| New Toronto 3 Bedroom Homes for Rent | $2,871 | $2,293 | $3,450 |
| New Toronto 5 Bedroom Homes for Rent | $12,500 | $10,000 | $10,000+ |
| New Toronto 7 Bedroom Homes for Rent | $5,250 | $5,250 | $5,250 |
Browse Homes for Rent in this Neighborhood
There are currently 24 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
 The cheapest available apartment rental in the New Toronto area of Toronto, ON is a 1 Bed unit found at Islington Apartments priced from $1,550. 24 2nd Street Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,795. 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 | $1,550 |
| 24 2nd Street Apartments | One Bedroom (Standard) | 1BR,1BA | $1,795 |
| 67 Lake Shore Dr | One-Bedroom | 1BR,1BA | $1,900 |
| Fairfield Towers | One Bedroom | 1BR,1BA | $1,999 |
| 155 Lake Shore | 155 Lake Shore - Plan C | 2BR,1BA | $2,549 |
Best Value Apartments for Rent in New Toronto, ON
As of June 08, 2026 the best value apartment in the New Toronto area is the $2.87 price per square foot 155 Lake Shore - Plan C Model at 155 Lake Shore in the in the New Toronto neighborhood starting from $2,549. The second greatest value New Toronto apartment is the One Bedroom Model at Fairfield Towers starting at $1,999 with a $2.30 price per square foot in the Long Branch 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 C | 2BR,1BA | $2.87 |
| Fairfield Towers | One Bedroom | 1BR,1BA | $2.30 |
| 67 Lake Shore Dr | One-Bedroom | 1BR,1BA | $2.24 |
| 24 2nd Street Apartments | One Bedroom (Standard) | 1BR,1BA | $2.76 |
| Islington Apartments | 1 Beds, 1 Baths | 1BR,1BA | $3.78 |
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 $1,550 to $3,315. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Toronto ranging from $1,450 to $12,500.
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 $1,450 to $12,500 with an average monthly rent of $4,371.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.