
Cheap Apartments for Rent in Toronto, ON from C$700 (369 Rentals)Page 2 of 8
Search the lowest-cost Apartments available for rent right now in Toronto.


31 Clearview Heights

15 Eastwood Rd

Main Square

Goldengate Apartments

Dunfield and Holly Towers

2449 Queen St E

410 Wilson Ave

1675 Eglinton Ave W

2560 Kingston

Wellesley Apartments

1299 Bayview Av

100 Wellesley St E

The Citadel

47 Lower River Street

148 Islington Ave

75 Kensington Av

77 Davisville

Village Green

Forest Hill Manor

30 Tuxedo Ct

160 Balmoral Ave

33 Orchard View Blvd

411 Duplex Ave

1 Homewood Ave

40 Gerrard St E

77 Mutual St

2 Fairglen Cres

85 Lowther Avenue

135 Earl Pl

Marina View Apartments

80 St. Clair

La Place Marie

30 Springhurst Ave

Markham Apartments

Wellesley Parliament Square

2700 Bathurst Street

Allan Plaza Apartments

The Torontonian

1046 Lofts

Cedarwood Suites

Willows Apartments

89 Whitehall Rd

60 Wasdale Crescent

1765 & 1775 Weston Rd Apartments

710 Spadina Ave.

Crescent Town
Toronto, ON Local Guide
How much does it cost to rent an apartment in Toronto?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Toronto Studio Apartments | C$1,959 | C$1,045 | C$3,600 |
Cheap Toronto 1 Bedroom Apartments | C$2,522 | C$895 | C$10,000 |
Cheap Toronto 2 Bedroom Apartments | C$3,243 | C$1,899 | C$10,000 |
Cheap Toronto 3 Bedroom Apartments | C$4,271 | C$2,195 | C$10,000 |
Cheap Toronto 4 Bedroom Apartments | C$4,877 | C$3,674 | C$6,594 |
Toronto 5 Bedroom Apartments | C$999 | C$999 | C$999 |
Browse Top Apartments in Toronto
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Frequently Asked Questions about Cheap Toronto Apartments
What is a cheap apartment in Toronto?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Toronto is under C$1,549.
What is the price of a cheap apartment in Toronto?
The cheapest apartment in Toronto is 125 Neptune which is listed at C$1,650, while the average apartment in Toronto costs C$3,835.
What types of apartments are the cheapest in Toronto?
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 8 regular apartments in Toronto 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 Toronto?
Cheap apartments in Toronto have an average cost of C$243 which is C$3,592 cheaper than the average rent for all rentals in Toronto.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.