
Cheap Apartments for Rent in the Riverdale Neighborhood of Toronto, ON from $1,200 (219 Rentals)
Search the lowest-cost Apartments available for rent right now in the Riverdale area of Toronto.


Total Monthly Price
Rosedale East

Eastmount Apartments

15 Eastwood Rd

5 Donlands Ave

Broadview Mansions

23 Howland Rd

EVOLV

Total Monthly Price
Bridge

Beach Park Apartments
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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.

Beach Suites

50 Cambridge Ave

70 Cambridge Ave

Total Monthly Price
BEACHHILL Apartments

4 Hazelwood Av

1112 Queen St E

Maple House at Canary Landing

1167 Queen St E

225 Sackville St

225 Sackville St
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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.

50 Power St

50 Power St

793 Pape Ave

793 Pape Ave

1228 Danforth Ave

1228 Danforth Ave

Gerrard Suites

27 Hiawatha Rd

27 Hiawatha Rd

1444 Dundas St E
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1444 Dundas St E

2-12 Kingston Rd

8 Kingston Rd

8 Kingston Rd

Hillsdale Manor

82 Curzon St

82 Curzon St

11 Ferrier Ave

11 Ferrier Ave

8 Brookmount Rd
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8 Brookmount Rd

1 Columbine Ave

1 Columbine Ave

733 Pape Ave

733 Pape Ave

Eastwood Manor

170 Bayview Ave

170 Bayview Ave

730 Logan Ave

730 Logan Ave
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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.
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 | $2,213 | $1,650 | $4,228 |
| Riverdale 1 Bedroom Apartments | $2,613 | $1,599 | $5,291 |
| Riverdale 2 Bedroom Apartments | $3,640 | $2,200 | $7,000 |
| Riverdale 3 Bedroom Apartments | $4,653 | $3,673 | $8,426 |
Browse Apartments in this Neighborhood
There are currently 219 rentals with your search options within a 2 mile radius of the Riverdale Neighborhood of Toronto, ON.
See all Apartments in TorontoExplore Toronto
Cheapest Available Riverdale Apartments for Rent
 The cheapest available apartment rental in the Riverdale area of Toronto, ON is a 1 Bed unit found at Donlands Apartments priced from $1,599. Rosedale East 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 |
|---|---|---|---|
| Donlands Apartments | One Bedroom | 1BR,1BA | $1,599 |
| Rosedale East | Bachelor | Studio,1BA | $1,650 |
| Eastmount Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,730 |
| Montcrest Apartments A&B | JR | 1BR,1BA | $1,749 |
| Broadview Mansions | 0 Bedroom(s) and 1 Bathroom(s) | Studio,1BA | $1,769 |
| EVOLV | Grow | Studio,1BA | $1,900 |
| Bridge | Studio | Studio,1BA | $1,950 |
| Beach Park Apartments | 1 Bedroom | 1BR,1BA | $1,999 |
| BEACHHILL Apartments | 1 Bed Den 1 Bath G | 1BR,1BA | $2,195 |
| Maple House at Canary Landing | A8 | 1BR,1BA | $2,501 |
Best Value Apartments for Rent in Riverdale, ON
As of June 18, 2026 the best value apartment in the Riverdale area is the $4.28 price per square foot One Bedroom + Den Model at Bridge in the in the Riverdale neighborhood starting from $2,755. The second greatest value Riverdale apartment is the One Bedroom Model at Donlands Apartments starting at $1,599 with a $2.67 price per square foot in the Playter Estates Danforth 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 | One Bedroom + Den | 1BR,1BA | $4.28 |
| Donlands Apartments | One Bedroom | 1BR,1BA | $2.67 |
| Beach Park Apartments | 1 Bedroom | 1BR,1BA | $3.48 |
| BEACHHILL Apartments | 1 Bed Den 1 Bath G | 1BR,1BA | $3.84 |
| Maple House at Canary Landing | A15 | 1BR,1BA | $4.78 |
| Cherry House at Canary Landing | A10 | 1BR,1BA | $5.06 |
| Montcrest Apartments A&B | JR | 1BR,1BA | $4.12 |
| Broadview Mansions | 0 Bedroom(s) and 1 Bathroom(s) | Studio ,1BA | $4.16 |
| Rosedale East | Bachelor | Studio ,1BA | $4.13 |
| Eastmount Apartments | 0 Beds, 1 Baths | Studio ,1BA | $4.44 |
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 $2,501.
What is the price of a cheap apartment in Riverdale?
The cheapest apartment in Riverdale is Donlands Apartments which is listed at $1,599, while the average apartment in Riverdale costs $4,450.
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 226 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 $2,420 which is $2,030 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

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.

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.