Cheap Apartments for Rent in the University Annex Neighborhood of Toronto, ON from $1,200 (142 Rentals)

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

property at 101-103 Spadina Rd

$1,250 - $2,600

Studio To 2 Bedroom Rentals

Available Now

101-103 Spadina Rd

TorontoONM5R 2T1
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The Summit
$1,555 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,555 - $1,795
Total Monthly Price
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Studio Apartments Available Aug 15

The Summit

280 St George StToronto, ON M5R 2P7
Student Housing
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  • Utilities Included
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property at 250 St George St

$1,599 - $2,000

Studio To 1 Bedroom Rentals

Available Now

250 St George St

TorontoONM5R 3L8
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Cottingham Manor
Rent Specials
$1,649 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,649 - $2,250
Total Monthly Price
$1,649 - $2,250
Studio to 1 Bedroom Apartments Available Now

Cottingham Manor

291 Avenue RdToronto, ON M4V 2G9
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 227 Beverley St

$1,750 - $3,900

1 To 3 Bedroom Rentals

Available Now

227 Beverley St

TorontoONM5T 1Z4
property at 149 St George St

$1,800 - $2,300

Studio To 1 Bedroom Rentals

Available Sep 1

149 St George St

TorontoONM5R 2L9
property at 849 Bathurst St

$1,850 - $3,500

1 To 3 Bedroom Rentals

Available Now

849 Bathurst St

TorontoONM5R 3G2

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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35 Walmer Road
Rent Specials
$1,935 - $3,099
Total Monthly Price

Total Monthly Price

Base Rent
$1,935 - $3,099
Total Monthly Price
$1,935 - $3,099
Studio to 2 Bedroom Apartments Available Now

35 Walmer Road

35 Walmer RdToronto, ON M5R 2X3
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Casablanca
Rent Specials
$2,000
Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000
1 Bedroom Apartments Contact Us For Availability

Casablanca

640 Davenport RdToronto, ON M5R 1K9
Student Housing
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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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property at 151 St George St

$2,200 - $2,300

1 Bedroom Rentals

Available Sep 1

151 St George St

TorontoONM5R 2L9

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

340 Avenue Rd

340 Avenue RdToronto, ON M4V 2H7

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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Showing Results 1-50, Page 1 of 3

Cheapest Available University Annex Apartments for Rent

 

The cheapest available apartment rental in the University Annex area of Toronto, ON is a 1 Bed unit found at 1098 Bathurst Street priced from $1,600. 320-342 Avenue Road has the second lowest priced unit, which is a Studio apartment currently listed from $1,648. Here are the most affordable University Annex apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
1098 Bathurst Street1 Bedroom1BR,1BA$1,600
320-342 Avenue RoadBachelorStudio,1BA$1,648
Cottingham ManorBachelor 07 and 08Studio,1BA$1,649
100 Spadina RoadBachelorStudio,1BA$1,670
Ramsden PlaceBachelorStudio,1BA$1,697
145 St. George Streetbachelor, 1 bathroom with a balconyStudio,1BA$1,697
70 Spadina RoadStudioStudio,1BA$1,720
25 St. Mary StreetBachelorStudio,1BA$1,747
24 Webster AvenueStudioStudio,1BA$1,750
10 Walmer Road1 bedroom, 1 bathroom with balcony1BR,1BA$1,897

Best Value Apartments for Rent in University Annex, ON

As of August 03, 2026 the best value apartment in the University Annex area is the $3.15 price per square foot 2 Bedroom Model at 50 Spadina Road in the in the University Annex neighborhood starting from $3,969. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
50 Spadina Road2 Bedroom2BR,1.5BA$3.15
Bay Charles Tower2 Bedroom - 032BR,1BA$3.29
The Colonnade1 Bedroom + Den1BR,1BA$3.81
7 Walmer Road2 Bedroom(s) and 2 Bathroom(s)2BR,2BA$4.11
Avenue Park Apartments1 Beds, 1 Baths1BR,1BA$3.17
35 Walmer Road1 Bedroom1BR,1BA$3.19
1098 Bathurst Street1 Bedroom1BR,1BA$3.02
10 Walmer Road1 bedroom, 1 bathroom with balcony1BR,1BA$4.03
70 Spadina RoadStudioStudio ,1BA$4.02
145 St. George Streetbachelor, 1 bathroom with a balconyStudio ,1BA$4.17

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 1098 Bathurst Street which is listed at $1,600, while the average apartment in University Annex costs $2,570.

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 79 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 $1,910 which is $660 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.