
Cheap Homes for Rent in New Toronto Neighborhood of Toronto, ON from $1,500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the New Toronto area of Toronto.


102 Twenty Fifth St

90 Twenty Fifth St

3110 Lake Shore Blvd W

3110 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.

90 Twenty Fifth St

2976 Lake Shore Blvd W

2976 Lake Shore Blvd W

100 Twenty Fifth St

100 Twenty Fifth 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 | $2,415 | $1,800 | $2,800 |
| New Toronto 3 Bedroom Homes for Rent | $2,854 | $2,400 | $3,650 |
| New Toronto 4 Bedroom Homes for Rent | $3,400 | $3,400 | $3,400 |
| New Toronto 5 Bedroom Homes for Rent | $12,500 | $10,000 | $10,000+ |
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
 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. 24 2nd Street Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,695. 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 |
| 24 2nd Street Apartments | One Bedroom (Standard) | 1BR,1BA | $1,695 |
| Fairfield Towers | One Bedroom | 1BR,1BA | $1,999 |
Best Value Apartments for Rent in New Toronto, ON
As of April 05, 2026 the best value apartment in the New Toronto area is the $2.36 price per square foot Two Bedroom Model at Fairfield Towers in the in the Long Branch neighborhood starting from $2,309. The second greatest value New Toronto apartment is the Premium One Bedroom Model at 24 2nd Street Apartments starting at $1,895 with a $2.92 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. |
|---|---|---|---|
| Fairfield Towers | Two Bedroom | 2BR,1BA | $2.36 |
| 24 2nd Street Apartments | Premium One Bedroom | 1BR,1BA | $2.92 |
| 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 124 Apartments for Rent in New Toronto, ON with pricing that ranges from $1,615 to $3,315. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Toronto ranging from $1,500 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 $1,500 to $12,500 with an average monthly rent of $4,560.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.

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.