Apartments for Rent in Toronto, SD Under $500 (1 Rental)
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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 |
Explore Toronto
Toronto, SD Local Guide
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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 Toronto
How much are Studio apartments in Toronto?
There are currently 12 Studio Apartments in Toronto with rent ranges from $750 to $1,155 with an average price of $897.
What is the current price range for One Bedroom Toronto Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Toronto ranges from $600 to $1,980 with an average monthly rent of $1,172.
What does renting a Two Bedroom Apartment in Toronto cost?
The monthly rent prices of Two Bedroom Apartments currently available in Toronto range from $625 to $1,980. Today's average rental price for Two Bedrooms here is $1,467.
How expensive are Toronto Three Bedroom Apartments?
There are currently 14 Three Bedroom Apartments listings available in Toronto on ApartmentHomeLiving.com. The pricing ranges from $1,150 to $2,200 - averaging $1,756 for the location.
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.