Cheap Apartments for Rent in Toronto, SD from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Toronto.

924 4th St

300 Highland Ct
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.

The Rock Apartments

Heritage High Apartments

Southland Court
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

506 4th Ave N

The Nexus
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Toronto, SD Local Guide

How much does it cost to rent an apartment in Toronto?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Toronto Studio Apartments | $897 | $750 | $1,155 |
Toronto 1 Bedroom Apartments | $1,172 | $600 | $1,980 |
Toronto 2 Bedroom Apartments | $1,467 | $625 | $1,980 |
Toronto 3 Bedroom Apartments | $1,756 | $1,150 | $2,200 |
Toronto 4 Bedroom Apartments | $1,546 | $1,350 | $1,695 |
Browse Top Apartments in Toronto
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Toronto, SD Local Guide
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Cheapest Available Toronto Apartments for Rent and Nearby
 The cheapest available apartment rental in Toronto, SD is a 2 Beds unit found at RC Square Apartments in the Downtown Marshall neighborhood priced from $625. Southland Court in the Downtown Brookings neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Toronto apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
RC Square Apartments | 2 Bedroom | 2BR,1BA | $625 |
Southland Court | Studio - B | Studio,1BA | $750 |
The Nexus | 233 - Studio B/1 BA | Studio,1BA | $795 |
Briarwood Estates | 901 Pearl Ave | 2BR,1BA | $850 |
The Rock Apartments | GF: 2 Bed 1 Bath- Premium | 2BR,1BA | $895 |
Best Value Apartments for Rent in Toronto, SD and Nearby
As of August 02, 2025 the best value apartment in the Toronto area is the $0.92 price per square foot 3x2 Model at 100 W 10th St in the starting from $1,650. The second greatest value Toronto apartment is the 3 Bed Model at Cloverfield Townhomes starting at $2,200 with a $1.22 price per square foot in the Downtown Brookings neighborhood. Here is today’s list of the best values for Toronto apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
100 W 10th St | 3x2 | 3BR,2BA | $0.92 |
Cloverfield Townhomes | 3 Bed | 3BR,2.5BA | $1.22 |
Lake Area Townhomes | 2 Bedroom | 2BR,2.5BA | $1.00 |
105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.23 |
Marketplace Apartments | 2BR/2.0BA | 2BR,2BA | $1.37 |
Thunder Hawk | Two Bedroom Two Bathroom | 2BR,2BA | $1.36 |
110 W 10th St | Model A | 2BR,2BA | $1.30 |
RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.40 |
1009 Southland Ln | 1 Bed 1 Bath | 1BR,1BA | $1.44 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Toronto, SD
Walk Score®
25 / 100
Car-Dependent
Most errands require a car
Bike Score®
32 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Toronto Apartments
What is the Cheapest Studio apartment in Toronto?
Currently the most affordable Cheap Studio Apartment in Toronto is at Southland Court listed at $750.
How much is rent for a Cheap One Bedroom Toronto Apartment?
The lowest price for a Cheap One Bedroom Toronto Apartment is $885 at Southland Court.
What is the lowest price for a Cheap Two Bedroom Toronto Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Toronto is starting from $625 at RC Square Apartments.
What is the most affordable Toronto Three Bedroom Apartment?
The best deal on a cheap Toronto Three Bedroom Apartment rental is at The Nexus and starts from $1,495.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.