Where can you find the cheapest rent in Toronto?

[Updated 2021] The Cheapest Neighbourhoods For Rent In Toronto

This city isn’t known for being the cheapest rent in Canada. In fact, before the market changed after COVID-19, Toronto was consistently the most expensive place to rent in the country. But how much is rent in Toronto? We’re going to look at rental averages in the main GTA neighbourhoods and show you where to find cheap rent in Toronto if you want to keep your costs as low as possible.

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Neighbourhoods in Toronto - which is the most affordable?

Table of Contents

1. Brampton


Average rent in Brampton

The average rent in Brampton was $1,475 for an unfurnished, one-bedroom apartment according to liv.rent data from April 2021.

This neighbourhood has historically always been the number one most affordable place to rent in the entire GTA and is about 45 minutes away by car from Downtown Toronto.

2. Scarborough


Average rent in Scarborough

The average rent in Scarborough was $1,600 for an unfurnished, one-bedroom apartment according to liv.rent data from April 2021. This neighbourhood is just east of Downtown Toronto, about 35 minutes away by car.

3. Vaughan/Richmond Hill


Average rent in Vaughan/Richmond Hill

The average rent in Vaughan/Richmond Hill was $1,649 for an unfurnished, one-bedroom apartment according to liv.rent data from April 2021. These two neighbourhoods are very close to each other and it’s about a 50-minute drive to Downtown Toronto from here by car.

  • Studio apartments for rent: Vaughan
  • One-bedroom apartments for rent: Vaughan
  • Two-bedroom apartments for rent: Vaughan

4. Markham


Average rent in Markham

The average rent in Markham was $1,683 for an unfurnished, one-bedroom apartment according to liv.rent data from April 2021. It’s about a 45-minute drive away from Downtown Toronto from here.

  • Studio apartments for rent: Markham
  • One-bedroom apartments for rent: Markham
  • Two-bedroom apartments for rent: Markham

5. Mississauga


Average rent in Mississauga

The average rent in Mississauga was $1,690 for an unfurnished, one-bedroom apartment according to liv.rent data from April 2021. About a 40-minute drive away from Downtown Toronto, this is an affordable place to live that’s adjacent to the city.

6. Etobicoke


Average rent in Etobicoke

The average rent in Etobicoke was $1,720 for an unfurnished, one-bedroom apartment according to liv.rent data from April 2021. Closer to the city than other GTA areas, it’s a 30-minute drive to Downtown Toronto from here.

7. North York


Average rent in North York

The average rent in North York was $1,723 for an unfurnished, one-bedroom apartment according to liv.rent data from April 2021. Just north of Downtown Toronto, North York is about a 35-minute drive away.

8. Downtown


Average rent in Downtown

The average rent Downtown was $1,786 for an unfurnished, one-bedroom apartment according to liv.rent data from April 2021. Right in the centre of the city, it’s easy to get where you’re going by public transit here.

Average rent in Toronto

The Toronto market has been in decline for a while and it’s not expected to rebound for a while, especially in Downtown where it’s dropped significantly more than other neighbourhoods.

So, what’s the cheapest rent in Toronto? Well, the average rent is $1,666 for an unfurnished one-bedroom and $1,752 for a furnished one-bedroom. But if you break down rent by GTA neighbourhood, then the ranking looks like this:

  1. Brampton — $1,475
  2. Scarborough — $1,600
  3. Vaughan/Richmond Hill — $1,649
  4. Markham — $1,683
  5. Mississauga — $1,690
  6. Etobicoke — $1,720
  7. North York — $1,723
  8. Downtown — $1,786

Source: liv.rent April 2021 Toronto Rent Report

If you find an apartment for rent in Toronto that’s less than these averages — then we’d call that a good deal!


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How to find cheap rent in Toronto

Now that you have an idea of what the cheapest neighbourhoods are in the GTA, how do you find cheap rent?

1. Use liv.rent to find listings

The first place you can look is liv.rent — search in an affordable neighbourhood and drat and drop the price selector tool to pull up listings that are within your budget.

2. Look for rental incentives

Next, you can scan listings with rental incentives like a month of free rent, discounts on rent, or other freebies that come when you sign a one-year lease.

3. Negotiate rent

Finally, you might be able to negotiate a lower rent for a unit. This is especially true if the place you’re looking at is listed for above the monthly average in the area.

Ask the landlord if they’d be open to accepting 5% to 10% less and be ready to prove that similar units in the area are going for cheaper.


What is the cheapest rent in Toronto?


The cheapest rent in Toronto is found in neighbourhoods like Brampton and Scarborough that are further away from the centre of the city. Let’s take a look now at all the GTA neighbourhoods and check out what deals we can find:


liv.rent has officially landed in Toronto

Start your search today and browse through verified condos, houses and apartments for rent in Toronto. Connect instantly with verified landlords and apply to multiple listings with just a few clicks.


Resources for Toronto Renters

COVID-19 resources 

For information regarding COVID-19, refer to these comprehensive resource posts. They include information on the various federal and provincial assistance initiatives available to help support landlords (small business relief) and tenants (rent relief):

Renting in Ontario

For information on renting in Ontario, refer to these resource posts about leases and evictions.



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liv.rent writer sarah anderson

Sarah Anderson, B.A.

Creative Content Writer at liv.rent

Sarah Anderson is a Creative Content Writer at liv.rent who shares the latest updates and news with the safe and trusted community of landlords and tenants at liv.rent. [Read Full Bio]

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