By most people’s standards, renting in Toronto is nowhere near affordable. But, these one-bedroom apartments for rent in Toronto are among the cheapest that you will find right now, according to the experts at

So if you’re apartment-hunting with a limited budget, these rentals might give you the best value for your dollar.

Check out these apartments for rent in Toronto right now to see how much you can save.

9 St Steven’s Court: $1,381+ per month

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Located in the heart of Humber Valley Village, these luxurious units are priced well below the market rate because of the owner’s obligation to redevelop this master-planned community.

You can live in style in one of the most beautiful and convenient neighbourhoods in the city for much more affordable prices.

246 Sorauren Avenue: $1,650 per month

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This newly-renovated luxury unit in Roncesvalles has a full kitchen with stainless steel appliances, quartz countertops, a gorgeous updated bathroom, hardwood floors, and a built-in dining nook.

It’s a studio apartment located in the basement of a home in a safe and quiet neighbourhood that’s close to everything you need. Plus, all utilities are included.

Danjohn Crescent: $1,475 per month

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This spacious basement unit comes with a full kitchen and living area, as well as one bedroom, laundry, and a parking spot.

Major highways, shopping malls, and grocery stores are a short drive away.

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88 Baycrest Avenue: $1,500 per month

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This self-contained, renovated apartment is located in the basement of this adorable home in the Bathurst and Baycrest area.

All utilities are included in the price, as well as access to the spacious backyard — plus, some of the furniture is included.

2210 Kennedy Road: $1,300 per month

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This renovated apartment is located in a house and comes with utilities included, as well as parking.

The home is located in Scarborough a short distance north of Highway 401.