
Cheap Homes for Rent in the New Toronto Neighborhood of Toronto, ON from $1,300 (30 Rentals)
Search the lowest-cost Homes available for rent right now in the New Toronto area of Toronto.


3110 Lake Shore Blvd W

3110 Lake Shore Blvd W

3110 Lake Shore Blvd W

97 Twelfth St

97 Twelfth St

90 Twenty Fifth St, Unit 31
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

90 Twenty Fifth St, Unit 31

2961 Lake Shore Blvd W

2961 Lake Shore Blvd W

115 Eighth St, Unit 4

115 Eighth St, Unit 6

115 Eighth St, Unit 4

115 Eighth St, Unit 6
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

72 Eleventh St

69 Third St, Unit 3

69 Third St, Unit 3

72 Eleventh St

90 Twenty Fifth St, Unit 8

100 Twenty Fifth St, Unit 14

100 Twenty Fifth St, Unit 14
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

90 Twenty Fifth St, Unit 8

79 Twenty Fifth St, Unit 4

79 Twenty Fifth St, Unit 4

77 Murrie St

77 Murrie St

80 Twenty Fifth St, Unit 10

100 Twenty Fifth St, Unit 4
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.

100 Twenty Fifth St, Unit 4

80 Twenty Fifth St, Unit 10
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 | $2,344 | $1,700 | $2,900 |
| New Toronto 3 Bedroom Homes for Rent | $2,840 | $2,450 | $3,450 |
| New Toronto 4 Bedroom Homes for Rent | $3,995 | $3,995 | $3,995 |
| New Toronto 5 Bedroom Homes for Rent | $11,500 | $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 30 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 $1,615. Fairfield Towers has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,979. 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 | $1,615 |
| Fairfield Towers | One Bedroom | 1BR,1BA | $1,979 |
| 24 2nd Street Apartments | Premium Two Bedroom | 2BR,1BA | $2,295 |
| 155 Lake Shore | 155 Lake Shore - Plan B | 2BR,1BA | $2,549 |
Best Value Apartments for Rent in New Toronto, ON
As of July 23, 2026 the best value apartment in the New Toronto area is the $2.27 price per square foot One Bedroom Model at Fairfield Towers in the in the Long Branch neighborhood starting from $1,979. The second greatest value New Toronto apartment is the 155 Lake Shore - Plan B Model at 155 Lake Shore starting at $2,549 with a $2.94 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 | $2.27 |
| 155 Lake Shore | 155 Lake Shore - Plan B | 2BR,1BA | $2.94 |
| 24 2nd Street Apartments | Premium Two Bedroom | 2BR,1BA | $2.87 |
| 39 Vanevery St, Unit Lower Level | 39 Vanevery St | 1BR,1BA | $2.50 |
| Islington Apartments | 1 Beds, 1 Baths | 1BR,1BA | $3.94 |
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 $1,595 to $3,315. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Toronto ranging from $1,350 to $11,500.
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 $1,350 to $11,500 with an average monthly rent of $4,144.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.