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 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.

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Besides the neighbourhood breakdown, 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:

202- 284 Lawrence Ave W – $1,325

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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

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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.

645 Saint Clair Avenue West- $1350

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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

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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

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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 as of February 2.