New month, new home? Across the city, many residents look to move around the first day or week of each month. And for those looking to rent a new place in Toronto, the average rental price for a one-bedroom is hovering around $2,040 a month.
But sometimes, listings pop up for places that are renting way below the average cost in the city.
Last month, a map provided by Rentals.ca showed the average price per Toronto neighbourhood, with a colour-coded scale to indicate which areas are cheapest and which are most expensive.
Cabbagetown South-St. James Town has the cheapest rent at $1,722 per month on average, followed by South Parkdale at $1,772, Wychwood at $1,780 and University at $1,902.
Besides the neighbourhood breakdown, Rentals.ca has also provided Curiocity the five “cheapest” one-bedroom apartments listed as of February 2.
Here’s what you can rent for under $1,500 in Toronto right now:
This one-bedroom apartment includes heat, water, and one parking spot. It also has a private balcony, and there is on-site coin laundry.
204 – 7 Thorburn Avenue – $1,350
This apartment is $1,350 per month, plus $150 for fixed rate Utilities, as per the listing. Permit street parking is available, and there are laundry machines in the building.
This apartment is walking distance to Casa Loma, and heat, electricity, and water are included. Coin Laundry is near by. And street parking is available.
4 – 166 Eastbourne Avenue – $1,395
This unit is going for $1,395 per month, plus $195 for fixed rate utilities. There is hardwood flooring throughout the unit, and laundry machines are in the building.
Basement – 50 Dewhurst Boulevard – $1,400
This basement unit is available for March 1. It has a separate entrance and is a newly built 1 bedroom.
Of course, like many good things in the city, these may be snagged fairly quick!
Happy rental hunting, Toronto!
All units available on rentals.ca as of February 2.