Cheap Apartments for Rent in the University Annex Neighborhood of Toronto, ON from $1,400 (45 Rentals)

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

property at 224 St George St

$1,599 - $1,975

Studio To 1 Bedroom Rentals

Available Now

224 St George St

TorontoONM5R 2N9

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 392 Montrose Av

$1,750

1 Bedroom, 1 Bath Home for Rent

Available Now

392 Montrose Av

TorontoONM6G 3H1
property at 250 St George St

$1,795 - $1,950

Studio To 1 Bedroom Rentals

Available Now

250 St George St

TorontoONM5R 3L8
property at 151 St George St

$1,800 - $2,350

Studio To 1 Bedroom Rentals

Available Feb 1

151 St George St

TorontoONM5R 2L9
property at 214 St George St

$1,899 - $3,600

1 To 3 Bedroom Rentals

Available Now

214 St George St

TorontoONM5R 2N8
property at 103 Avenue Rd

$1,900 - $3,350

Studio To 2 Bedroom Rentals

Available Now

103 Avenue Rd

TorontoONM5R 2G9

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

340 Avenue Rd

340 Avenue RdToronto, ON M4V 2H7
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342 Avenue Rd
$1,417 - $1,680Studio to 1 Bedroom Apartments

342 Avenue Rd

342 Avenue RdToronto, ON M4V 2H3
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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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Vermont Apartments
$1,600 - $1,849Studio to 2 Bedroom Apartments

Vermont Apartments

4 Vermont AveToronto, ON M6G 2R8
  • Utilities Included
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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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15 Walmer Rd
$1,750 - $3,499Studio to 3 Bedroom Apartments

15 Walmer Rd

15 Walmer RdToronto, ON M5R 2X1
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149 St George St
$1,750 - $2,300Studio to 1 Bedroom Apartments

149 St George St

149 St George StToronto, ON M5R 2L9
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191 St George St
$1,775 - $2,675Studio to 2 Bedroom Apartments

191 St George St

191 St George StToronto, ON M5R 2M6
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214 St George St
$1,779 - $2,190Studio to 3 Bedroom Apartments

214 St George St

214 St George StToronto, ON M5R 2N8
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250 St George St
$1,795 - $1,950Studio to 2 Bedroom Apartments

250 St George St

250 St George StToronto, ON M5R 3L8
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145 St. George Street
$1,797 - $1,997Studio to 2 Bedroom Apartments

145 St. George Street

145 St George StToronto, ON M5R 2M1
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20 Prince Arthur Ave
$1,800 - $3,500Studio to 2 Bedroom Apartments

20 Prince Arthur Ave

20 Prince Arthur AveToronto, ON M5R 1A9
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35 Walmer Road
$1,895 - $3,247Studio to 3 Bedroom Apartments

35 Walmer Road

35 Walmer RdToronto, ON M5R 2X3
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The Cottingham Manor
$1,899Studio to 1 Bedroom Apartments

The Cottingham Manor

291 Avenue RdToronto, ON M4V 2G9
  • 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.

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151 St George St
$1,900 - $2,450Studio to 1 Bedroom Apartments

151 St George St

151 St George StToronto, ON M5R 2L9
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103 Avenue Rd
$1,900 - $3,350Studio to 3 Bedroom Apartments

103 Avenue Rd

103 Avenue RdToronto, ON M5R 2G5
  • Utilities Included
  • Smoke Free
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Mirvish Village
$1,940 - $5,100Studio to 3 Bedroom Apartments

Mirvish Village

748 Bathurst StToronto, ON M5S 0C7
Student Housing
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Sussex Square
$1,995 - $3,295Studio to 2 Bedroom Apartments

Sussex Square

666 Spadina AveToronto, ON M5S 2H8
  • Utilities Included
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224 St George St
$1,995Studio to 1 Bedroom Apartments

224 St George St

224 St George StToronto, ON M5R 2N9
  • Utilities Included
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Brazil Towers
$2,095 - $2,695Studio to 3 Bedroom Apartments

Brazil Towers

485 Huron StToronto, ON M5R 2R5
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  • Smoke Free
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153 St. George
$2,100Studio to 2 Bedroom Apartments

153 St. George

153 St George StToronto, ON M5R 2L9
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  • Smoke Free
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88 Bernard Ave
$2,150 - $2,600Studio to 2 Bedroom Apartments

88 Bernard Ave

88 Bernard AveToronto, ON M5R 1R7
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169 St George
$2,195 - $2,795Studio to 3 Bedroom Apartments

169 St George

169 St George StToronto, ON M5R 2M4
  • Utilities Included
  • Smoke Free

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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 100 Spadina Road priced from $1,670. 70 Spadina has the second lowest priced unit, which is a Studio apartment currently listed from $1,699. Here are the most affordable University Annex apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
100 Spadina RoadBachelor ApartmentStudio,1BA$1,670
70 SpadinaStudioStudio,1BA$1,699
177 St. George StreetBachelor*Studio,1BA$1,730
The SummitBachelorStudio,1BA$1,750
145 St. George Streetbachelor, 1 bathroom with a balconyStudio,1BA$1,797
15 Walmer RdOne Bedroom1BR,1BA$1,799
Prince Arthur0 Beds, 1 BathsStudio,1BA$1,800
320-342 Avenue Road1 Bedroom1BR,1BA$1,847
35 Walmer RoadStudioStudio,1BA$1,895
10 Walmer Road1 bedroom, 1 bathroom with balcony1BR,1BA$1,897

Best Value Apartments for Rent in University Annex, ON

As of January 12, 2026 the best value apartment in the University Annex area is the $4.07 price per square foot 2 Bedroom Two Bath Model at The Colonnade in the in the Bay Street Corridor neighborhood starting from $5,495. The second greatest value University Annex apartment is the 2-Bedrooms* Model at 723 Bloor Street West starting at $2,575 with a $2.42 price per square foot in the Dovercourt Davenport Junction 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 Bedroom Two Bath2BR,2BA$4.07
723 Bloor Street West2-Bedrooms*2BR,1BA$2.42
44 Walmer Rd2 Beds, 2 baths2BR,2BA$3.00
25 St. Mary Street2 bedroom2BR,1BA$2.91
Mirvish Village1 Bedroom plus Den1BR,1BA$3.54
Fifty Spadina1 Bedroom1BR,1BA$3.96
169 St George169-1bb1BR,1BA$3.29
66 Spadina Rd1 Bedroom1BR,1BA$3.45
320-342 Avenue Road1 Bedroom1BR,1BA$3.04
10 Walmer Road1 bedroom, 1 bathroom with balcony1BR,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 $1,897.

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

The cheapest apartment in University Annex is 15 Walmer Rd which is listed at $1,799, while the average apartment in University Annex costs $5,361.

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 22 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 $1,165 which is $4,196 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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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.

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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.

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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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!