Where can you find the cheapest rent in Toronto?

[2021] Where Can You Find The Cheapest Toronto Rentals?

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 just because rent has been historically high doesn’t mean that there aren’t a few places to check for cheaper rent. We’re going to look at how much it costs to rent in Toronto in 2021.

Plus, we combed through the listings on our liv.rent platform to find you cheap apartments for rent in Toronto that you can apply to right now.

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.


Table of Contents

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?

Neighbourhoods in Toronto - which is the most affordable?

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:


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1. Brampton

What is the 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.

Cheap apartments in Brampton:

Studio apartment for rent in Brampton

Cheap apartment for rent in Brampton Toronto.

Monthly rent: $1,486
Address: 49 McMurchy Avenue North
Plus, get one-month free rent on a 13-month lease

One-bedroom apartment for rent in Brampton

Cheap one-bedroom apartments for rent in Toronto.

Monthly rent: $1,300
Address: Vivian Crescent

Two-bedroom apartment for rent in Brampton

Affordable places to live in Toronto.

Monthly rent: $1,500
Address: Kawana Road

3. Scarborough

What is the 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.

Studio apartment for rent in Scarborough

Affordable apartment for rent in Toronto.

Monthly rent: $1,350
Address: 205 Morningside avenue

One-bedroom apartment for rent in Scarborough

Affordable toronto apartment rental.

Monthly rent: $1,599
Address: 1320 Danforth Road

Two-bedroom apartment for rent in Scarborough

Affordable home for rent in Toronto,.

Monthly rent: $1,300
Address: Elkwood Drive

2. Vaughan/Richmond Hill

What is the 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.

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

Studio apartment for rent in Richmond Hill

Affordable apartments for rent in Toronto.

Monthly rent: $1,400
Address: 55 Trayborn Drive

One-bedroom apartment for rent in Vaughan

Toronto homes that are cheap to rent.

Monthly rent: $1,199
Address: Brownridge Drive

Two-bedroom apartment for rent in Vaughan

Renting a home in Toronto.

Monthly rent: $1,800
Address: 898 Portage Parkway

4. Markham

What is the 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.

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

Studio apartment for rent in Markham

Toronto affordable apartment rentals.

Monthly rent: $1,550
Address: 111 Upper Duke Crescent

One-bedroom apartment for rent in Markham

Affordable homes in Toronto.

Monthly rent: $1,500
Address: 57 Jackson Eli Way

Two-bedroom apartment for rent in Markham

Finding an affordable home in Toronto.

Monthly rent: $1,700
Address: Germain Crescent

5. Mississauga

What is the 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.

Studio apartment for rent in Mississauga

How to find an affordable home in Toronto?

Monthly rent: $1,450
Address: 1301 Dundas Street

One-bedroom apartment for rent in Mississauga

Finding an affordable home in Toronto.

Monthly rent: $1,650
Address: 2797 Battleford Road

Two-bedroom apartment for rent in Mississauga

Cheap places to live in Toronto.

Monthly rent: $2,050
Address: 388 Prince of Wales Drive

6. Etobicoke

What is the 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.

Studio apartment for rent in Etobicoke

Affordable apartments in Toronto.

Monthly rent: $1,348
Address: 2757 Kipling Avenue

One-bedroom apartment for rent in Etobicoke

How much is monthly rent in Toronto?

Monthly rent: $1,495
Address: 112 Alder Crescent

Two-bedroom apartment for rent in Etobicoke

A two-bedroom apartment for rent in Etobicoke.

Monthly rent: $2,100
Address: 112 Alder Crescent

7. North York

What is the 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.

Studio apartment for rent in North York

A studio apartment for rent in North York.

Monthly rent: $1,481
Address: 2292 Weston Road

One-bedroom apartment for rent in North York

A one-bedroom apartment for rent in North York.

Monthly rent: $1,707
Address: 24 Leith Hill Road

Two-bedroom apartment for rent in North York

A two-bedroom apartment for rent in North York.

Monthly rent: $2,000
Address: 50 Ann O’Reilly Road

8. Downtown

What is the average rent in Downtown?

The average rent in Downtown was $1,786 for an unfurnished, one-bedroom apartment according to liv.rent data from April 2021.

Studio apartment for rent in Downtown

A studio apartment for rent in Downtown.

Monthly rent: $1,280
Address: 251 Jarvis Street

One-bedroom apartment for rent in Downtown

A one-bedroom apartment for rent in Downtown.

Monthly rent: $1,700
Address: 11 Wellesley Street West

Two-bedroom apartment for rent in Downtown

A two-bedroom apartment for rent in Downtown.

Monthly rent: $2,300
Address: 20 Gladstone Avenue


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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