
Cheap Apartments for Rent in the Riverdale Neighborhood of Toronto, ON from $1,200 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Riverdale area of Toronto.


15 Eastwood Rd

5 Donlands Ave

Donlands Apartments

Beach Suites

Beach Park Apartments
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.

215 Greenwood Av

Broadview Mansions

1383 Queen St E

EVOLV

33 Eastmount Ave

BEACHHILL Apartments
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.

70 Cambridge Ave

50 Cambridge Ave

Maple House at Canary Landing

Bridge

1167 Queen St E

Gerrard Suites
The Art of the Rental Viewing: What to look for during a property tour
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.

2-12 Kingston Rd

778 Broadview Ave

Hillsdale Manor

Eastwood Manor

Montcrest Apartments A&B

156 Kingston Rd
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Eastmount Apartments

245 Logan Ave

The Postmark
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 | $2,590 | $1,650 | $5,795 |
| Riverdale 1 Bedroom Apartments | $2,514 | $1,750 | $3,570 |
| Riverdale 2 Bedroom Apartments | $3,504 | $1,800 | $9,819 |
| Riverdale 3 Bedroom Apartments | $4,885 | $3,550 | $8,014 |
| Riverdale 4 Bedroom Apartments | $9,454 | $9,454 | $9,454 |
Browse Apartments in this Neighborhood
There are currently 27 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 778 Broadview Ave priced from $1,575. 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 |
|---|---|---|---|
| 778 Broadview Ave | Studio | Studio,1BA | $1,575 |
| Rosedale East | Bachelor | Studio,1BA | $1,650 |
| Hillsdale Manor | 1 Bedroom | 1BR,1BA | $1,700 |
| Montcrest Apartments A&B | Studio, 1 bath | Studio,1BA | $1,729 |
| Beach Park Apartments | 1 Bedroom | 1BR,1BA | $1,799 |
| Broadview Mansions | 0 Bedroom(s) and 1 Bathroom(s) | Studio,1BA | $1,809 |
| EVOLV | Stride | Studio,1BA | $1,950 |
| Eastmount Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,985 |
| BEACHHILL Apartments | 1 Bed 1 Bath B | 1BR,1BA | $2,095 |
| Maple House at Canary Landing | A1 | 1BR,1BA | $2,203 |
Best Value Apartments for Rent in Riverdale, ON
As of March 19, 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 B02 Model at Birch House at Canary Landing starting at $3,028 with a $4.61 price per square foot in the Moss Park Regent Park 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 |
| Birch House at Canary Landing | B02 | 2BR,2BA | $4.61 |
| Beach Park Apartments | 1 Bedroom | 1BR,1BA | $3.13 |
| BEACHHILL Apartments | 1 Bed 1 Bath B | 1BR,1BA | $4.16 |
| Hillsdale Manor | 1 Bedroom | 1BR,1BA | $3.41 |
| Eastmount Apartments | 1 Beds, 1 Baths | 1BR,1BA | $4.14 |
| Broadview Mansions | 0 Bedroom(s) and 1 Bathroom(s) | Studio ,1BA | $4.26 |
| Rosedale East | Bachelor | Studio ,1BA | $4.13 |
| Montcrest Apartments A&B | Studio, 1 bath | Studio ,1BA | $4.34 |
| 778 Broadview Ave | Studio | Studio ,1BA | $4.58 |
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 $2,203.
What is the price of a cheap apartment in Riverdale?
The cheapest apartment in Riverdale is Hillsdale Manor which is listed at $1,700, while the average apartment in Riverdale costs $9,454.
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 190 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 $2,096 which is $7,358 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

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.