These are the 8 Cheapest Rentals in Toronto Right Now

cheapest rentals
Basement - 218 Heath Street West/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.

READ: What You Need to Ask Potential Roommates to Avoid a Living Nightmare

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

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

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

8. Basement – 37 Tufton Crescent: $1500 per month

Basement – 37 Tufton Crescent/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 0
  • Size: Not available

Located in Victoria Village in North York, this spacious, one-bedroom basement unit has a fireplace and is close to amenities, including schools, shopping, and transit.

7. #4 – 498 Horner Avenue: $1380 per month

#4 – 498 Horner Avenue/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 1
  • Size: Not available

This one-bedroom unit is equipped with a full kitchen and bathroom, air conditioning, and is steps from the Browns Line, highways, and Sherway Gardens Shopping Centre.

6. Basement – 36 Wharnsby Drive: $1200 per month

Bsmt – 36 Wharnsby Dr/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 1
  • Size: 700–1100 sq. ft.

This basement suite rental is located in a ‘quiet and mature’ neighbourhood and is equipped with one bedroom and bathroom. Plus, it’s close to schools, parks, and shopping in addition to 24-hour bus service.

5. Basement – 66 Antelope Drive: $1200 per month

Basement – 66 Antelope Drive/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 1
  • Size: Not available

This basement unit comes with one parking spot, laundry, and a spacious kitchen with stainless steel appliances. It’s close to schools, parks, the TTC, U of T’s Scarborough campus, Centennial College, Pan Am Sports Center, and Highway 401, making it an ideal spot for a student.

4. Basement – 218 Heath Street West: $1180 per month

Basement – 218 Heath Street West/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 0
  • Size: Not available

Located in the heart of Forest Hill, this cozy, basement unit is a quick walk to St. Clair West subway station, shops, parks, and schools and has direct walk-out access.

3. Basement – 75 Rosethorn Avenue: $1100 per month

Basement – 75 Rosethorn Avenue/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 1
  • Size: Not available

This bright and spacious, open-concept basement apartment is steps from St. Clair Avenue West and minutes from local schools, parks, transportation, shopping, and more. Thanks to above-ground windows, the unit gets lots of natural light.

2. 14 San Carmeloway: $950 per month

14 San Carmeloway/Zoocasa
  • Bedroom: 1
  • Bathroom: 1
  • Parking: 1
  • Size: Not available

This basement was recently renovated and is close to York University, shopping, parks, and public transit, making it great for a rental for a student.

1. Basement – 47 Benary Crescent: $900 per month

Basement – 47 Benary Crescent/Zoocasa
  • Bedroom: 2
  • Bathroom: 1
  • Parking: 3
  • Size: Not available

This basement unit is located in a quiet neighbourhood in Scarborough and is close to Thomson Memorial Park. Despite being a lower unit, there are above ground windows that let lots of natural sunlight in.

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