Cheap Homes for Rent in Riverdale Neighborhood of Toronto, ON from $1,200 (191 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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.

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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 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 ListingModel NameBed/BathPriced From
Donlands ApartmentsOne Bedroom1BR,1BA$1,599
Rosedale EastBachelorStudio,1BA$1,650
Eastmount Apartments0 Beds, 1 BathsStudio,1BA$1,730
Montcrest Apartments A&BJR1BR,1BA$1,749
Broadview Mansions0 Bedroom(s) and 1 Bathroom(s)Studio,1BA$1,769
EVOLVGrowStudio,1BA$1,900
BridgeStudioStudio,1BA$1,950
Beach Park Apartments1 Bedroom1BR,1BA$1,999
BEACHHILL Apartments1 Bed Den 1 Bath G1BR,1BA$2,195
Maple House at Canary LandingA81BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
BridgeOne Bedroom + Den1BR,1BA$4.28
Donlands ApartmentsOne Bedroom1BR,1BA$2.67
Beach Park Apartments1 Bedroom1BR,1BA$3.48
BEACHHILL Apartments1 Bed Den 1 Bath G1BR,1BA$3.84
Maple House at Canary LandingA151BR,1BA$4.78
Cherry House at Canary LandingA101BR,1BA$5.06
Montcrest Apartments A&BJR1BR,1BA$4.12
Broadview Mansions0 Bedroom(s) and 1 Bathroom(s)Studio ,1BA$4.16
Rosedale EastBachelorStudio ,1BA$4.13
Eastmount Apartments0 Beds, 1 BathsStudio ,1BA$4.44

Frequently Asked Questions about Riverdale

What type of rentals are currently available in Riverdale?

There are currently 349 Apartments for Rent in Riverdale, ON with pricing that ranges from $1,599 to $8,426. There are also 395 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverdale ranging from $1,280 to $9,995.

What is the current price range for Rental Homes in Riverdale?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Riverdale ranges from $1,280 to $9,995 with an average monthly rent of $4,269.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

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.