
Cheap Apartments for Rent in the Riverdale Neighborhood of Toronto, ON from $1,200 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Riverdale area of Toronto.


1309 Gerrard St E

Rosedale East

778 Broadview Ave

15 Eastwood Rd

Donlands Apartments

5 Donlands Ave
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Broadview Mansions

Beach Suites

Beach Park Apartments

158 Ashdale Av

70 Cambridge Ave

50 Cambridge Ave

1167 Queen St E
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Gerrard Suites

Montcrest Apartments A&B

Hillsdale Manor

Eastwood Manor

2-12 Kingston Rd

156 Kingston Rd

Eastmount Apartments
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Riverdale, Toronto, ON Local Guide
How much does it cost to rent an apartment in Riverdale?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riverdale Studio Apartments | $1,707 | $1,650 | $1,779 |
| Riverdale 1 Bedroom Apartments | $2,438 | $1,299 | $3,372 |
| Riverdale 2 Bedroom Apartments | $3,183 | $1,950 | $3,720 |
| Riverdale 3 Bedroom Apartments | $4,624 | $2,999 | $5,384 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Riverdale Neighborhood of Toronto, ON.
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Cheapest Available Riverdale Apartments for Rent
 The cheapest available apartment rental in the Riverdale area of Toronto, ON is a Studio unit found at Rosedale East priced from $1,650. 778 Broadview Ave has the second lowest priced unit, which is a Studio apartment currently listed from $1,650. Here are the most affordable Riverdale apartments for rent in Toronto, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rosedale East | Bachelor | Studio,1BA | $1,650 |
| 778 Broadview Ave | Studio | Studio,1BA | $1,650 |
| Montcrest Apartments A&B | JR | 1BR,1BA | $1,719 |
| Broadview Mansions | 0 Bedroom(s) and 1 Bathroom(s) | Studio,1BA | $1,779 |
| Beach Suites | 1 Bedroom | 1BR,1BA | $1,799 |
Best Value Apartments for Rent in Riverdale, ON
As of February 01, 2026 the best value apartment in the Riverdale area is the $4.10 price per square foot Three Bedroom Model at Bridge in the in the Riverdale neighborhood starting from $4,595. The second greatest value Riverdale apartment is the 2 Bedroom Model at The Postmark starting at $2,850 with a $3.52 price per square foot in the Riverdale neighborhood. Here is today’s list of the best values for Riverdale apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bridge | Three Bedroom | 3BR,2BA | $4.10 |
| The Postmark | 2 Bedroom | 2BR,2BA | $3.52 |
| Eastmount Apartments | 1 Beds, 1 Baths | 1BR,1BA | $2.74 |
| Beach Suites | 1 Bedroom | 1BR,1BA | $3.00 |
| Beach Park Apartments | 1 Bedroom | 1BR,1BA | $3.22 |
| BEACHHILL Apartments | 1 Bed 1 Bath B | 1BR,1BA | $4.36 |
| EVOLV | Expand | 1BR,1BA | $4.58 |
| Montcrest Apartments A&B | JR | 1BR,1BA | $4.04 |
| Broadview Mansions | 0 Bedroom(s) and 1 Bathroom(s) | Studio ,1BA | $4.19 |
| Rosedale East | Bachelor | Studio ,1BA | $4.13 |
Frequently Asked Questions about Cheap Riverdale Apartments
What is a cheap apartment in Riverdale?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverdale is under $2,275.
What is the price of a cheap apartment in Riverdale?
The cheapest apartment in Riverdale is Montcrest Apartments A&B which is listed at $1,719, while the average apartment in Riverdale costs $4,730.
What types of apartments are the cheapest in Riverdale?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 39 regular apartments in Riverdale that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Riverdale?
Cheap apartments in Riverdale have an average cost of $1,095 which is $3,635 cheaper than the average rent for all rentals in Riverdale.
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

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.

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.