
Cheap Apartments for Rent in the University Annex Neighborhood of Toronto, ON from $1,200 (236 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Annex area of Toronto.


492 Montrose Ave

224 St George St

Total Monthly Price
The Summit

267 St. George Street

70 Spadina Road

250 St George St

710 Spadina Av

320-342 Avenue Road

36 Brunswick Ave
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214 St George St

145 St. George Street

Total Monthly Price
Cottingham Manor

153 St George St

25 St. Mary Street

710 Spadina Ave.

31 Phipps Street

85 Lowther Avenue

20 Prince Arthur Ave
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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.

149 St George St

Ramsden Place

177 St. George Street

Total Monthly Price
Mirvish Village

10 Walmer Road

Total Monthly Price
Casablanca

103 Avenue Rd

55 Spadina Rd

66 Spadina Road

1101 Bay
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399 Dupont Street

Total Monthly Price
35 Walmer Road

88 Spadina Rd

273 St George St

132 Huron St

157 Spadina Rd

The Bay Club

99 Bellevue Ave

99 Bellevue Ave

99 Bellevue Ave
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99 Bellevue Ave

99 Bellevue Ave

99 Bellevue Ave

643 Bathurst St

262 Clinton St

643 Bathurst St

262 Clinton St

426 Markham St

426 Markham St

342 Avenue Rd
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University Annex, Toronto, ON Local Guide
How much does it cost to rent an apartment in University Annex?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Annex Studio Apartments | $2,104 | $1,250 | $6,735 |
| University Annex 1 Bedroom Apartments | $2,936 | $1,450 | $8,371 |
| University Annex 2 Bedroom Apartments | $4,188 | $2,200 | $10,000+ |
| University Annex 3 Bedroom Apartments | $5,173 | $3,500 | $10,000+ |
| University Annex 4 Bedroom Apartments | $5,600 | $5,600 | $5,600 |
Browse Apartments in this Neighborhood
There are currently 236 rentals with your search options within a 2 mile radius of the University Annex Neighborhood of Toronto, ON.
See all Apartments in TorontoExplore Toronto
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 267 St. George Street priced from $1,597. 70 Spadina Road has the second lowest priced unit, which is a Studio apartment currently listed from $1,599. Here are the most affordable University Annex apartments for rent in Toronto, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 267 St. George Street | bachelor 1 bathroom with a balcony | Studio,1BA | $1,597 |
| 70 Spadina Road | Studio | Studio,1BA | $1,599 |
| 100 Spadina Road | Bachelor Apartment | Studio,1BA | $1,670 |
| 145 St. George Street | bachelor, 1 bathroom with a balcony | Studio,1BA | $1,697 |
| Cottingham Manor | Bachelor 07 and 08 | Studio,1BA | $1,699 |
| 153 St. George | 0 Beds, 1 Baths | Studio,1BA | $1,700 |
| 25 St. Mary Street | Bachelor | Studio,1BA | $1,747 |
| 1098 Bathurst Street | 1 Bedroom | 1BR,1BA | $1,750 |
| 24 Webster Avenue | Studio | Studio,1BA | $1,750 |
| 320-342 Avenue Road | Bachelor | Studio,1BA | $1,769 |
Best Value Apartments for Rent in University Annex, ON
As of June 18, 2026 the best value apartment in the University Annex area is the $3.57 price per square foot 2 Bedroom Model at 50 Spadina Road in the in the University Annex neighborhood starting from $4,062. The second greatest value University Annex apartment is the 2 Bedroom - 03 Model at Bay Charles Tower starting at $3,499 with a $3.29 price per square foot in the Bay Street Corridor neighborhood. Here is today’s list of the best values for University Annex apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 50 Spadina Road | 2 Bedroom | 2BR,1.5BA | $3.57 |
| Bay Charles Tower | 2 Bedroom - 03 | 2BR,1BA | $3.29 |
| The Colonnade | 2 Bedroom | 2BR,2BA | $3.80 |
| Prince Arthur | 2 Beds, 2 Baths | 2BR,2BA | $3.90 |
| University Apartments - 8 St. Thomas | One Bedroom | 1BR,1BA | $3.07 |
| 35 Walmer Road | 2 Bedroom | 2BR,1BA | $3.99 |
| 1098 Bathurst Street | 2 Bedroom | 2BR,1BA | $3.62 |
| Mirvish Village | Finished studio | Studio ,1BA | $3.52 |
| 10 Walmer Road | 1 bedroom, 1 bathroom with balcony | 1BR,1BA | $4.02 |
| 70 Spadina Road | Studio | Studio ,1BA | $3.72 |
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 $1,769.
What is the price of a cheap apartment in University Annex?
The cheapest apartment in University Annex is 1098 Bathurst Street which is listed at $1,750, 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 96 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 $1,863 which is $3,737 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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
