Toronto is Canada’s second most unaffordable city for renting, but it’s not entirely impossible to live here on a budget. There are still plenty of affordable apartment rentals in Toronto that don’t require living with roommates or in a barely-habitable unit with mysterious stains everywhere.
These are some of the cheapest apartments listed on Rentals.ca, some costing as little as $995 per month.
5 Thorburn Ave: $995 – $1195/month
These rentals are located in a professionally maintained boutique building located in the Liberty Village neighbourhood in Toronto, steps from the Waterfront, Exhibition Place, Queen St West, and High Park.
The units come with nearly new appliances, cabinetry and countertops, as well as a four-piece bathroom, and access to laundry facilities in the building. Plus, all of the rentals are now being offered at a discounted one-year rate.
915 St Clair Ave West: $995/month
These professionally maintained and upgraded rental units are located in Wychwood, close to many shops and amenities as well as C Bereton Park, Humewood Park, and Hillcrest Park.
The units feature hardwood flooring throughout, nearly-new appliances, three-piece tiled bathrooms with a standing shower, with heat and water included in the monthly cost.
751 Saint Clarens Ave – $1395/month
Located in Wallace-Emerson, this self-contained unit on the lower level of a detached home is partially furnished and move-in ready, with fresh paint throughout, on-site laundry, and a spacious layout. All utilities are included in the price and you can even rent a parking spot for $60 a month.
95 Lawton Blvd: $1395 – $1795/month
You’ll find these rentals just north of Yonge and St Clair, near shops and restaurants and the TTC. All apartments are newly renovated and feature new appliances and balconies. The buildings also feature brand new elevators. Indoor parking is an additional $175 per month.
398 Avenue Rd -$1495 – $1695/month
These charming units are located in Forest Hill, close to Casa Loma, Yorkville, The Annex, and many shops, restaurants, and walkable areas. The newly-renovated apartments feature new appliances and hardwood flooring, with a trendy bistro and convenience store located within the building.
Indoor parking costs an additional $225 per month, but your rent includes heat, water, and electricity.