Cheap Apartments for Rent in Toronto, SD from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Toronto.

300 1st Ave SW

Heritage High Apartments

The Rock Apartments

Innovation Village

Southland Court

The Nexus
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 | $911 | $775 | $1,100 |
Toronto 1 Bedroom Apartments | $1,150 | $500 | $1,885 |
Toronto 2 Bedroom Apartments | $1,444 | $625 | $2,100 |
Toronto 3 Bedroom Apartments | $1,565 | $895 | $1,950 |
Toronto 4 Bedroom Apartments | $1,472 | $1,350 | $1,595 |
Browse Top Apartments in Toronto
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Toronto, SD Local Guide
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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 |
Southland Court | Studio - B | Studio,1BA | $795 |
The Nexus | 235 - 2 BR/1 BA | 2BR,1BA | $795 |
Best Value Apartments for Rent in Toronto, SD and Nearby
As of March 13, 2025 the best value apartment in the Toronto area is the $1.08 price per square foot 2BR/2.0BA Model at One & Two Willow Creek in the starting from $1,410. The second greatest value Toronto apartment is the 2 Bedroom Model at Lake Area Townhomes starting at $1,240 with a $1.00 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 | $1.08 |
Lake Area Townhomes | 2 Bedroom | 2BR,2.5BA | $1.00 |
Marketplace Apartments | F | 2BR,2BA | $1.40 |
Briarwood Estates | 901D Briarwood | 3BR,2BA | $1.30 |
110 W 10th St | Model A | 2BR,2BA | $1.25 |
Wilkeshire Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.92 |
Block 100 | Two Bedroom | 2BR,1BA | $1.18 |
RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
Wildwood Apartments | 2BR/1.0BA | 2BR,1BA | $1.27 |
1009 Southland Ln | 1 Bed 1 Bath | 1BR,1BA | $1.44 |
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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 The Rock Apartments and starts from $895.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.