These are the 10 Cheapest Rentals in Toronto Right Now

cheapest rentals
14 Bobcat Terrace/Zoocasa

If one thing’s for certain, it’s that affordable rent isn’t always easy to come by in Toronto.

Point bank: A new report revealed that our fair city remains the most expensive place to rent a one-bedroom in the entire country, with the average rent for a one-bedroom reaching $2300. And let’s not forget that the annual rental rate is expected to continue rising by 7% in Toronto this year.

That being said, you might be happy to learn that listings much cheaper than this actually exist.

READ: Toronto Remains Most Expensive City to Rent a One-Bedroom in Canada

We’ve teamed up with Zoocasa to bring you the cheapest rentals across Toronto this month, with the most ‘affordable’ units going for just $900 per month.

Read on to find out more about the 10 cheapest rentals in Toronto this month.

10. Lower – 154 Wallace Avenue: $1200 per month

154 Wallace Avenue/Zoocasa
  • Bedroom: 1+1
  • Bathroom: 1
  • Parking: 0

This rental is available immediately. Equipped with a spacious bedroom and living room, while the den could be used as a second bedroom if needed. Plus, it’s walking distance to the TTC and Dufferin Mall.

9. Basement, 64 Queens Drive: $1200 per month

64 Queens Drive/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 6

This spacious one-bedroom is minutes from the TTC, GO Train, Highway 401 and 400. Rent includes gas, water, and hydro.

8. 8 Frost King Lane, $1200 per month

8 Frost King Lane/Zoocasa
  • Bedroom: 1+1
  • Bathroom: 1
  • Parking: 2

This basement rental is perfect for a Humber College student as its close to campus, Woodbine Mall, the hospital, and Highway 27.

7. 14 Bobcat Terrace, $1200 per month

cheapest rentals
14 Bobcat Terrace/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 0

This bright and spacious basement apartment is minutes from local schools, parks, transportation, places of worship, banks, shopping, and more.

6. #1 – 173 Symons Street: $1,100 per month

#1 – 173 Symons Street/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 0

With a move-in date set for February 1, this bachelor apartment could soon be yours. This unit was recently renovated, bringing more life to the space. You’ll be a quick walk to the Lakeshore and the 24-hour streetcar.

5. Basement, 86 Halfmoon Square: $1,100 per month

86 Halfmoon Square/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 1

This rental has an updated kitchen complete with granite counters and an eat-in space — perfect for those who like to cook. Other highlights include the spacious bedroom, internet included, and the space is close to U of T Scarborough, the 401, shops, and the TTC.

4. Basement, 101 Robbinstone Drive: $1,100 per month

cheapest rentals
101 Robbinstone Drive/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 1

This Scarborough rental is ready for someone to move. However, a female tenant is preferred. It’s in a great location and is walking distance from the TTC, mosque, shopping, schools, Centennial College, and Highway 401.

3. Basement, 330 St Germain Avenue: $950 per month

330 St Germain Ave/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 0

Located right off Avenue Road, this cozy bachelor comes furnished, so it’s perfect for those who are looking for their first place. There’s a southern facing window, so you’ll never feel too in the dark. While there’s no laundry, there’s a laundromat just four blocks away on Yonge Street.

2. Basement, 41 Wayford Crescent: $900 per month

41 Wayford Crescent/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 0

Located in Scarborough, this space is ready for you to move in, with a great location close to restaurants, grocery stores, schools, the TTC, and Highway 401.

1. Basement, 198 Orton Park Road: $900 per month

cheapest rentals
198 Orton Park Road/Zoocasa
  • Bedrooms: 1
  • Bathrooms: 1
  • Parking: 1

This is an ideal spot for a U of T Scarborough student as this basement rental is close to campus and steps away from the TTC.

All numbers were accurate as of January 17, 2020.

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