Cheap Apartments for Rent in Toronto, SD from $400 (17 Rentals)
Cheap Apartments in Toronto.

182 3rd St NE

100 Robert Ave

Heritage High Apartments

The Rock Apartments

Innovation Village

Southland Court
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

The Nexus
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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 | $912 | $775 | $1,100 |
Toronto 1 Bedroom Apartments | $1,148 | $500 | $1,885 |
Toronto 2 Bedroom Apartments | $1,435 | $625 | $1,900 |
Toronto 3 Bedroom Apartments | $1,584 | $1,150 | $1,870 |
Toronto 4 Bedroom Apartments | $1,472 | $1,350 | $1,595 |
Browse Top Apartments in Toronto
See all Apartments in TorontoExplore Toronto
Toronto, SD Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Wildwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. 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 |
Wildwood Apartments | 1BR/1.0BA | 1BR,1BA | $715 |
The Rock Apartments | GF: 2 Bed 1 Bath | 2BR,1BA | $750 |
The Nexus | 235 - 2 BR/1 BA | 2BR,1BA | $795 |
Southland Court | Studio - B | Studio,1BA | $795 |
Best Value Apartments for Rent in Toronto, SD and Nearby
As of May 03, 2025 the best value apartment in the Toronto area is the $1.34 price per square foot 2BR/2.0BA Model at One & Two Willow Creek in the starting from $1,750. The second greatest value Toronto apartment is the 1 Bedroom Model at Lake Area Townhomes starting at $820 with a $0.69 price per square foot . 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. |
---|---|---|---|
One & Two Willow Creek | 2BR/2.0BA | 2BR,2BA | $1.34 |
Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $0.69 |
Marketplace Apartments | F | 2BR,2BA | $1.36 |
Briarwood Estates | 901D Briarwood | 3BR,2BA | $1.30 |
110 W 10th St | Model A | 2BR,2BA | $1.25 |
RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
Wilkeshire Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.04 |
The Rock Apartments | GF: 2 Bed 1 Bath- Premuim | 2BR,1BA | $1.42 |
Wildwood Apartments | 2BR/1.0BA | 2BR,1BA | $1.27 |
Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.36 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Toronto, SD Rentals by Map
See the most popular apartments and homes in Toronto, SD
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 The Nexus listed at $795.
How much is rent for a Cheap One Bedroom Toronto Apartment?
The lowest price for a Cheap One Bedroom Toronto Apartment is $715 at Wildwood Apartments.
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 Suite Liv'n - Marshall and starts from $1,150.
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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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.

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.