7 of the cheapest apartments you can rent in Toronto right now

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 cheap 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 $1,200 per month.

540 Sherbourne St

This renovated and pet-friendly apartment is located in the Wellesley St and Isabella St area. It’s described as bright, quiet, clean, and spacious. It comes with a 4-piece bathroom, energy-efficient lighting, and a balcony overlooking a beautiful historic church.

Price: $1,550/month

465 Salem Avenue North

Located conveniently near the corner of Dovercourt Rd and Davenport Rd, this pet-friendly unit is ideal for pet-owners. The bright kitchen is outfitted with stainless steel appliances, and the apartment features high ceilings and hardwood throughout.

Price: $1,595/month

345 Leslie Street

Located in the heart of Leslieville, this one-bedroom apartment is located in the basement with no other tenants or units in the house, so you won’t have to worry about footsteps above your head. All utilities are included, even wifi. Plus, the landlord has testimonials in the description to show potential tenants that they’d be in good hands.

Price: $1,550/month

1172 Mt Pleasant Road

This apartment is located in the beautiful area of Mt Pleasant Rd and Blythwood Ave. A short staircase at the entrance leads you up to a spacious unit with laminate floors, a kitchen with new appliances, a three-piece bath, and a washer and dryer. All for a very reasonable price!

Price: $1,500/month

88 Scott Street

This stunning apartment is located right in the heart of Old Toronto, steps from St. Lawrence Market. It’s bright and newly-renovated with granite countertops, 10-ft ceilings, and a private terrace. Plus, you’ll also have access to the building’s amenities, like a fitness centre, rooftop patio, and sauna. You can also get a discount on your internet, cable, and phone.

Price: $1,645/month

702 Rhodes Avenue

Living solo in Toronto doesn’t get much cheaper than this. Located in the basement of a two-storey home, this east-end apartment is within walking distance to all kinds of amenities in the Greenwood and Coxwell Ave area. The tenants upstairs are described as quiet and respectful, and the apartment itself is described as modern and bright — all of which are hard to come by for a basement unit.

Price: $1,200/month

224 Pickering Street

This all-inclusive studio comes furnished or unfurnished, depending on your preference. Aside from internet for $50 per month, you won’t have to worry about paying any additional bills. The unit is freshly painted with a three-piece bath, located near Danforth Ave and Victoria Park.

Price: $1,200/month