Cheap Apartments for Rent in the University Annex Neighborhood of Toronto, ON from $1,300 (168 Rentals)

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

property at 273 St George St

$1,300 - $1,950

Studio To 1 Bedroom Rentals

Available May 1

273 St George St

TorontoONM5R 2P9
property at 224 St George St

$1,599 - $1,925

Studio To 1 Bedroom Rentals

Available Now

224 St George St

TorontoONM5R 2N9
property at 710 Spadina Ave.

$1,650 - $2,750

Studio To 2 Bedroom Rentals

Available May 1

710 Spadina Ave.

TorontoONM5S 2J3

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.

property at 214 St George St

$1,750 - $1,975

Studio To 1 Bedroom Rentals

Available May 1

214 St George St

TorontoONM5R 2N8
property at 153 St George St

$1,750 - $2,200

Studio To 1 Bedroom Rentals

Available May 1

153 St George St

TorontoONM5R 2L9

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.

property at 151 St George St

$1,850 - $2,200

Studio To 1 Bedroom Rentals

Available May 1

151 St George St

TorontoONM5R 2L9
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Casablanca
Rent Specials
$1,875 - $2,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,875 - $2,000

Total Monthly Price
$1,875 - $2,000
1 Bedroom Apartments Available Now

Casablanca

640 Davenport RdToronto, ON M5R 1K9
Student Housing
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  • Smoke Free
property at 103 Avenue Rd

$1,900 - $2,350

Studio To 1 Bedroom Rentals

Available Now

103 Avenue Rd

TorontoONM5R 2G9
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Mirvish Village
Rent Specials
$1,995 - $5,950
Total Monthly Price

Total Monthly Price

Base Rent
$1,995 - $5,950

Total Monthly Price
$1,995 - $5,950
Studio to 3 Bedroom Apartments Available Now

Mirvish Village

748 Bathurst StToronto, ON M5S 0C7
Student Housing
  • Verified
  • 3D Tour
  • Smoke Free

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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330 Avenue Rd
$1,417 - $1,680Studio to 1 Bedroom Apartments

330 Avenue Rd

330 Avenue RdToronto, ON M4V 2H3
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326 Avenue Rd
$1,417 - $1,680Studio to 1 Bedroom Apartments

326 Avenue Rd

326 Avenue RdToronto, ON M4V 2H3
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342 Avenue Rd
$1,417 - $1,680Studio to 1 Bedroom Apartments

342 Avenue Rd

342 Avenue RdToronto, ON M4V 2H3

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.

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340 Avenue Rd
$1,417 - $1,680Studio to 1 Bedroom Apartments

340 Avenue Rd

340 Avenue RdToronto, ON M4V 2H7
property at 71 Poplar Plains Cres

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1.5 Bath Home for Rent

Available Now

71 Poplar Plains Cres

TorontoONM4V 1G1
property at 74 Poplar Plains Cres

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1.5 Bath Home for Rent

Available Now

74 Poplar Plains Cres

TorontoONM4V 1E8
property at 76 Poplar Plains Cres

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 2 Bath Home for Rent

Available Now

76 Poplar Plains Cres

TorontoONM4V 1E8
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Vermont Apartments
$1,600 - $1,849Studio to 2 Bedroom Apartments

Vermont Apartments

4 Vermont AveToronto, ON M6G 2R8
  • Utilities Included
  • Smoke Free

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.

Cheapest Available University Annex Apartments for Rent

 

The cheapest available apartment rental in the University Annex area of Toronto, ON is a Studio unit found at 70 Spadina Road priced from $1,625. The Summit has the second lowest priced unit, which is a Studio apartment currently listed from $1,650. Here are the most affordable University Annex apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
70 Spadina RoadStudioStudio,1BA$1,625
The SummitBachelorStudio,1BA$1,650
100 Spadina RoadBachelor ApartmentStudio,1BA$1,670
85 Lowther AvenueBachelor, bathroom no balconyStudio,1BA$1,697
145 St. George Streetbachelor, 1 bathroom with a balconyStudio,1BA$1,697
267 St. George Streetbachelor 1 bathroom with a balconyStudio,1BA$1,697
Cottingham ManorBachelor 07 and 08Studio,1BA$1,700
177 St. George StreetBachelor*Studio,1BA$1,730
25 St. Mary StreetBachelorStudio,1BA$1,747
Prince Arthur0 Beds, 1 BathsStudio,1BA$1,750

Best Value Apartments for Rent in University Annex, ON

As of April 16, 2026 the best value apartment in the University Annex area is the $3.80 price per square foot 2 Bedroom Model at The Colonnade in the in the Bay Street Corridor neighborhood starting from $4,030. The second greatest value University Annex apartment is the 1 Bedroom Model at 50 Spadina Road starting at $2,713 with a $2.98 price per square foot in the University Annex neighborhood. Here is today’s list of the best values for University Annex apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Colonnade2 Bedroom2BR,2BA$3.80
50 Spadina Road1 Bedroom1BR,1BA$2.98
169 St George169-2bb2BR,1BA$3.18
Two St. ThomasOne Bedroom1BR,1BA$3.79
University Apartments - 8 St. ThomasTwo Bedroom2BR,1BA$3.92
66 Spadina Road1 Bedroom1BR,1BA$3.24
Mirvish VillageFinished studioStudio ,1BA$3.52
320-342 Avenue Road1 Bedroom1BR,1BA$3.30
10 Walmer Road1 bedroom, 1 bathroom with balcony1BR,1BA$3.99
145 St. George Streetbachelor, 1 bathroom with a balconyStudio ,1BA$3.93

Frequently Asked Questions about Cheap University Annex Apartments

What is a cheap apartment in University Annex?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Annex is under $1,750.

What is the price of a cheap apartment in University Annex?

The cheapest apartment in University Annex is 267 St. George Street which is listed at $1,797, while the average apartment in University Annex costs $5,600.

What types of apartments are the cheapest in University Annex?

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 182 regular apartments in University Annex 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 University Annex?

Cheap apartments in University Annex have an average cost of $2,207 which is $3,393 cheaper than the average rent for all rentals in University Annex.

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

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

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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Renting your next home can feel thrilling and overwhelming at the same time.

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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.