
Cheap Apartments for Rent in the University Annex Neighborhood of Toronto, ON from $1,400 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Annex area of Toronto.


224 St George St

399 Dupont Street

267 St. George Street

70 Spadina

177 St. George Street

25 St. Mary Street

The Summit
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.

392 Montrose Av

250 St George St

151 St George St

320-342 Avenue Road

710 Spadina Av

20 Prince Arthur Ave

214 St George St

103 Avenue Rd
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.

85 Lowther Avenue

1101 Bay

Ramsden Place

The Britt

340 Avenue Rd

342 Avenue Rd

330 Avenue Rd

326 Avenue Rd

Vermont Apartments
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.

15 Walmer Rd

149 St George St

191 St George St

214 St George St

250 St George St

145 St. George Street

20 Prince Arthur Ave

35 Walmer Road

The Cottingham Manor
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.

151 St George St

103 Avenue Rd

Mirvish Village

Sussex Square

224 St George St

Brazil Towers

153 St. George

88 Bernard Ave

169 St George
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.
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 | $1,991 | $1,450 | $2,550 |
| University Annex 1 Bedroom Apartments | $2,512 | $1,750 | $4,395 |
| University Annex 2 Bedroom Apartments | $3,902 | $2,300 | $6,695 |
| University Annex 3 Bedroom Apartments | $6,251 | $3,400 | $8,895 |
Browse Apartments in this Neighborhood
There are currently 45 rentals with your search options within a 2 mile radius of the University Annex Neighborhood of Toronto, ON.
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 100 Spadina Road | Bachelor Apartment | Studio,1BA | $1,670 |
| 70 Spadina | Studio | Studio,1BA | $1,699 |
| 177 St. George Street | Bachelor* | Studio,1BA | $1,730 |
| The Summit | Bachelor | Studio,1BA | $1,750 |
| 145 St. George Street | bachelor, 1 bathroom with a balcony | Studio,1BA | $1,797 |
| 15 Walmer Rd | One Bedroom | 1BR,1BA | $1,799 |
| Prince Arthur | 0 Beds, 1 Baths | Studio,1BA | $1,800 |
| 320-342 Avenue Road | 1 Bedroom | 1BR,1BA | $1,847 |
| 35 Walmer Road | Studio | Studio,1BA | $1,895 |
| 10 Walmer Road | 1 bedroom, 1 bathroom with balcony | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Colonnade | 2 Bedroom Two Bath | 2BR,2BA | $4.07 |
| 723 Bloor Street West | 2-Bedrooms* | 2BR,1BA | $2.42 |
| 44 Walmer Rd | 2 Beds, 2 baths | 2BR,2BA | $3.00 |
| 25 St. Mary Street | 2 bedroom | 2BR,1BA | $2.91 |
| Mirvish Village | 1 Bedroom plus Den | 1BR,1BA | $3.54 |
| Fifty Spadina | 1 Bedroom | 1BR,1BA | $3.96 |
| 169 St George | 169-1bb | 1BR,1BA | $3.29 |
| 66 Spadina Rd | 1 Bedroom | 1BR,1BA | $3.45 |
| 320-342 Avenue Road | 1 Bedroom | 1BR,1BA | $3.04 |
| 10 Walmer Road | 1 bedroom, 1 bathroom with balcony | 1BR,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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

