Cheap Homes for Rent in Mimico Neighborhood of Toronto, ON from C$1,400 (23 Rentals)

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Search the lowest-cost Homes available for rent right now in the Mimico area of Toronto.

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Cheapest Available Mimico Apartments for Rent

 

The cheapest available apartment rental in the Mimico area of Toronto, ON is a Studio unit found at 40 Beaty Av priced from C$1,545. Mimico Estates has the second lowest priced unit, which is a Studio apartment currently listed from C$1,585. Here are the most affordable Mimico apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
40 Beaty AvStudioStudio,1BAC$1,545
Mimico Estates0 Beds, 1 BathsStudio,1BAC$1,585
Islington Apartments1 Beds, 1 Baths1BR,1BAC$1,695
Marina View ApartmentsGround 1 Bedroom1BR,1BAC$1,800
SURFOne Bedroom1BR,C$1,800

Best Value Apartments for Rent in Mimico, ON

As of April 17, 2025 the best value apartment in the Mimico area is the C$2.76 price per square foot Two Bedroom Model at Humber River Apartments in the in the Alderwood neighborhood starting from C$2,619. The second greatest value Mimico apartment is the One Bedroom Model at Fairfield Towers starting at C$2,199 with a C$2.53 price per square foot in the Alderwood neighborhood. Here is today’s list of the best values for Mimico apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Humber River ApartmentsTwo Bedroom2BR,1BAC$2.76
Fairfield TowersOne Bedroom1BR,1BAC$2.53
Marina View Apartments2 Bedroom2BR,1BAC$2.88
Promenade Apartments2 Bedroom2BR,1BAC$3.22
2 Superior Avenue1 Beds, 1 Baths1BR,1BAC$2.87
Lakewood Apartments I1 Bedroom1BR,1BAC$2.83
Mimico Estates1 Beds, 1 Baths1BR,1BAC$2.80
2311 Lake Shore Blvd WOne Bedroom1BR,1BAC$2.72
Roxbury ManorOne Bedroom1BR,1BAC$3.09
Shoreline Towers1 bedroom, 1 bath with a balcony1BR,1BAC$3.41

Frequently Asked Questions about Mimico

What type of rentals are currently available in Mimico?

There are currently 356 Apartments for Rent in Mimico, ON with pricing that ranges from C$1,150 to C$4,506. There are also 90 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mimico ranging from C$1,400 to C$8,400.

What is the current price range for Rental Homes in Mimico?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mimico ranges from C$1,400 to C$8,400 with an average monthly rent of C$2,613.

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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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

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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.