Cheap Apartments for Rent in the Riverdale Neighborhood of Toronto, ON from $1,200 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverdale area of Toronto.

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property at 141 Rhodes Av

141 Rhodes Av

TorontoONM4L 3A2
property at 70 Cambridge Ave

70 Cambridge Ave

TorontoONM4K 1R8
property at 50 Cambridge Ave

50 Cambridge Ave

TorontoONM4K 2L3

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1167 Queen St E
1 to 3 Bedroom Apartments

1167 Queen St E

1167 Queen St EToronto, ON M4M 1L5
  • Utilities Included
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Hillsdale Manor
Studio to 2 Bedroom Apartments

Hillsdale Manor

818 Broadview AveToronto, ON M4K 2P7
  • Utilities Included
  • Smoke Free
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156 Kingston Rd
1 Bedroom Apartments

156 Kingston Rd

156 Kingston RdToronto, ON M4L 1S7
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2-12 Kingston Rd
1 Bedroom Apartments

2-12 Kingston Rd

2-12 Kingston RdToronto, ON M4L 1S5
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441 Kingston Road
Studio to 2 Bedroom Apartments

441 Kingston Road

441-474 Kingston RdToronto, ON M4L 1V3

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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 Montcrest Apartments A&B 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 ListingModel NameBed/BathPriced From
Montcrest Apartments A&BJR1BR,1BA$1,599
Rosedale EastBachelorStudio,1BA$1,650
778 Broadview Ave1 Bedroom1BR,1BA$1,686
Beach Suites1 Bedroom1BR,1BA$1,849
441 Kingston Road1 Bedroom Apartments1BR,1BA$1,897

Best Value Apartments for Rent in Riverdale, ON

As of October 31, 2025 the best value apartment in the Riverdale area is the $2.36 price per square foot 1 Beds, 1 Baths Model at Eastmount Apartments in the in the Broadview North neighborhood starting from $2,170. The second greatest value Riverdale apartment is the 1 Bedroom Model at Beach Suites starting at $1,849 with a $3.08 price per square foot in the East End Danforth neighborhood. Here is today’s list of the best values for Riverdale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eastmount Apartments1 Beds, 1 Baths1BR,1BA$2.36
Beach Suites1 Bedroom1BR,1BA$3.08
BridgeOne Bedroom + Den1BR,1BA$4.64
Beach Park Apartments1 Bedroom1BR,1BA$3.39
Birch House at Canary LandingA111BR,1BA$4.56
BEACHHILL Apartments1 Bed 1 Bath B1BR,1BA$4.44
441 Kingston Road1 Bedroom Apartments1BR,1BA$4.02
778 Broadview Ave1 Bedroom1BR,1BA$3.76
Montcrest Apartments A&BJR1BR,1BA$3.76
Rosedale EastBachelorStudio ,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 $2,195.

What is the price of a cheap apartment in Riverdale?

The cheapest apartment in Riverdale is Montcrest Apartments A&B which is listed at $1,599, while the average apartment in Riverdale costs $3,943.

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 7 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 $236 which is $3,707 cheaper than the average rent for all rentals in Riverdale.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.