Cheap Apartments for Rent in Toronto, ON from C$700(286 Rentals)

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6 Boake St
C$8454 Bedroom, 2 Bath Home for RentAvailable Mar 1, 2025

6 Boake St

Toronto, ON M3J 0B6
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15 Vena Wy
C$1,1054 Bedroom, 1 Bath Home for RentAvailable Dec 28

15 Vena Wy

Toronto, ON M9M 2V9
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371 Assiniboine Rd
C$1,12610 Bedroom, 3 Bath Home for RentAvailable Mar 1, 2025

371 Assiniboine Rd

Toronto, ON M3J 0A6
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139 Eighth St
C$1,1263 Bedroom, 1 Bath Home for RentAvailable Now

139 Eighth St

Toronto, ON M8V 3C9
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358 Bleecker St
C$1,1484 Bedroom, 1 Bath Home for RentAvailable Now

358 Bleecker St

Toronto, ON M4X 1K7
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561 Sherbourne St
C$1,2783 Bedroom, 1 Bath Home for RentAvailable Now

561 Sherbourne St

Toronto, ON M4X 0A1
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101-103 Spadina Rd
C$1,425Studio, 1 Bath Home for RentAvailable Now

101-103 Spadina Rd

Toronto, ON M5R 2T1
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433 Sherbourne St
C$1,550Studio, 1 Bath Home for RentAvailable Now

433 Sherbourne St

Toronto, ON M4X 1K5
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12-14 York St
C$1,5814 Bedroom, 2 Bath Home for RentAvailable Now

12-14 York St

Toronto, ON M5J 0A9
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215 Queen St W
C$1,6463 Bedroom, 1 Bath Home for RentAvailable May 1, 2025

215 Queen St W

Toronto, ON M5V 0P5
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2527 Lake Shore Blvd W
C$1,695Studio, 1 Bath Home for RentAvailable Now

2527 Lake Shore Blvd W

Toronto, ON M8V 1E9
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148 Islington Ave
C$1,695Studio, 1 Bath Home for RentAvailable Now

148 Islington Ave

Toronto, ON M8V 3B6
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31 Upper Canada Dr
C$1,700Studio, 1 Bath Home for RentAvailable Now

31 Upper Canada Dr

Toronto, ON M2P 1S3
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Showing Results 1-50, Page 1 of 6

Toronto, ON Local Guide

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Written By:
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Local Guide Expert

Cheapest Neighborhoods for Apartments in Toronto, ON

Pricing Updated: 12/26/2024

Current apartment rentals in the Toronto, ON area range in price from C$775 to C$12,968 with an overall median price of C$3,720. The three Toronto neighborhoods with the lowest median rent pricing are Rouge at C$1,000, Keelesdale Eglinton West at C$1,450, and Rexdale Kipling at C$2,119. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Toronto Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
RougeC$1,000C$1,0001
Keelesdale Eglinton WestC$1,925C$1,4508
Rexdale KiplingC$2,119C$2,1191
Old East YorkC$2,389C$1,2003
GuildwoodC$2,500C$2,2002
Agincourt MalvernC$2,515C$1,4699
Dorset ParkC$2,550C$1,2001
Tam OShanter SullivanC$2,574C$1,4697
BendaleC$2,599C$1,2002
MimicoC$2,600C$1,04524

Cheapest Available Toronto Apartments for Rent

 

The cheapest available apartment rental in Toronto, ON is a Studio unit found at Bradley Court in the Church Yonge Corridor neighborhood priced from C$1,045. Bradley Courts in the Church Yonge Corridor neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from C$1,150. Here is today’s list of the most affordable Toronto apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bradley CourtBachelorStudio,1BAC$1,045
Bradley CourtsBachelorStudio,1BAC$1,150
42 Thorncliffe ParkBachelor1BR,1BAC$1,200
Carrying Place VistaBachelor Unit1BR,1BAC$1,313
1002 Lawrence Ave EBachelorStudio,1BAC$1,400
103 Spadina RdPrivate Room1BR,1BAC$1,400
890 Jane StStudioStudio,1BAC$1,500
The CrosswaysBashelorsStudio,1BAC$1,539
Wellesley Parliament SquareStudio, 1 bathStudio,1BAC$1,550
1215 Bathurst StStudioStudio,1BAC$1,575

Best Value Apartments for Rent in Toronto, ON

As of December 26, 2024 the best value apartment in the Toronto area is the C$1.65 price per square foot 3 Beds, 1 Baths Model at Bloor and Havenwood Townhomes in the in the Mississauga Centre Streetsville neighborhood starting from C$2,995. The second greatest value Toronto apartment is the 3 Beds, 1 Baths Model at Cassandra Townhomes starting at C$3,170 with a C$1.85 price per square foot in the Banbury Don Mills York Mills neighborhood. Here is today’s list of the best values for Toronto apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bloor and Havenwood Townhomes3 Beds, 1 Baths3BR,1BAC$1.65
Cassandra Townhomes3 Beds, 1 Baths3BR,1BAC$1.85
Romfield CircuitTwo Bedroom2BR,1BAC$2.06
Wynford Tower2 Beds, 2 baths2BR,2BAC$2.21
Pickering Place Apartments3 Beds, 1 Baths3BR,1BAC$2.23
Clark Townhomes2 Beds, 1 Baths2BR,1BAC$2.26
25 Mabelle2 Bed - 1.5 Bath2BR,1.5BAC$2.12
Viewpoint Towers2 Bedroom (2B)2BR,1BAC$1.90
2-12 Kingston Rd1 BR1BR,1BAC$1.85
42 Thorncliffe ParkOne Bedroom1BR,1BAC$2.13

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Toronto Overview

Toronto is a fantastic place to call home. With thousands of available rentals all over the city, find your perfect new place with ease!

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Toronto, ON Rentals by Map

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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 Bradley Court listed at C$1,045.

How much is rent for a Cheap One Bedroom Toronto Apartment?

The lowest price for a Cheap One Bedroom Toronto Apartment is C$1,200 at 42 Thorncliffe Park.

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 C$1,800 at 42 Thorncliffe Park.

What is the most affordable Toronto Three Bedroom Apartment?

The best deal on a cheap Toronto Three Bedroom Apartment rental is at 1780 Lawrence Av E and starts from C$2,200.

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.

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