{"id":29779,"date":"2021-05-17T15:55:54","date_gmt":"2021-05-17T22:55:54","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=29779"},"modified":"2024-01-24T13:04:03","modified_gmt":"2024-01-24T21:04:03","slug":"smart-ways-to-save-on-rent-in-toronto","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/renters\/smart-ways-to-save-on-rent-in-toronto\/","title":{"rendered":"10 Smart Ways To Save On Rent In Toronto"},"content":{"rendered":"\n<p>Torontonians have known for a while now that their fair city costs a pretty penny to call home. And for those who want to find ways to save money on rent, they&#8217;ve had to be creative.<\/p>\n\n\n\n<p>While cutting back on your overall expenses will leave your bank account more able to weather the rent cheque getting cashed, how do you actually save on rent, specifically?<\/p>\n\n\n\n<p>We&#8217;re looking at how to save money on rent in <a href=\"https:\/\/liv.rent\/blog\/2021\/03\/neighbourhood-guide-downtown-toronto\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Toronto (opens in a new tab)\">Toronto<\/a> without calling the city quits. With these seven strategies, you&#8217;ll be able to change up your living situation completely \u2014 or just tweak a few things here and there \u2014 to find yourself with hundreds of more dollars in your pocket each month.<\/p>\n\n\n\n<br>\n<h2 style=\"text-align: center;\" id=\"toc\"><strong>Table of Contents<\/strong><\/h2>\n\n\n\n<div style=\"border: 1px solid black; text-align: center; margin: 20px 0%; padding: 20px\">\n\n<p style=\"text-align: center;\"><strong><a href=\"#downsize\">1. Downsize to a smaller place<\/a><\/strong><\/p>\n\n<p style=\"text-align: center;\"><strong><a href=\"#family\">2. Move in with your family or significant other<\/a><\/strong><\/p>\n\n<p style=\"text-align: center;\"><strong><a href=\"#share\">3. Share a rental with roommates<\/a><\/strong><\/p>\n\n<p style=\"text-align: center;\"><strong><a href=\"#open-search\">4. Open your search area<\/a><\/strong><\/p>\n\n<p style=\"text-align: center;\"><strong><a href=\"#neighbourhood\">5. Move to a cheaper neighbourhood\n<\/a><\/strong><\/p>\n\n<p style=\"text-align: center;\"><strong><a href=\"#negotiate\">6. Negotiate cheaper rent<\/a><\/strong><\/p>\n\n<p style=\"text-align: center;\"><strong><a href=\"#longer-lease\">7. Sign a longer lease<\/a><\/strong><\/p>\n\n<p style=\"text-align: center;\"><strong><a href=\"#parking\">8. Ask about parking<\/a><\/strong><\/p>\n\n<p style=\"text-align: center;\"><strong><a href=\"#utilities\">9. Do the math on utilities<\/a><\/strong><\/p>\n\n<p style=\"text-align: center;\"><strong><a href=\"#tax\">10. Take advantage of tax write-offs<\/a><\/strong><\/p>\n\n<\/div>\n\n\n\n<br>\n<style>\n.background-renter-cta-search-toronto {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-renter-cta-search-toronto p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-renter-cta-search-toronto {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-renter-cta-search-toronto {\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n  \n<\/style>\n\n<div class=\"background-renter-cta-search-toronto cta-block-renter-cta-search-toronto\">\n<h3><strong>liv.rent &#8211; Search apartments &amp; houses for rent in Toronto<\/strong><\/h3>\n\n<p>Search houses, rooms, condos and <a href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto\" target=\"_blank\" rel=\"noopener noreferrer\">apartments for rent in Toronto<\/a>. Chat instantly with verified landlords. Apply to multiple listings. Save your chat history &amp; signed documents all in one platform.<\/p>\n\n<a href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"button-renter-cta-search-toronto\" class=\"button-renter-cta-search-toronto\">Browse Listings<\/button><\/a>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"downsize\">1. Downsize to a smaller place<\/h2>\n\n\n\n<p>One of the easiest ways to save on rent is to downsize to a smaller place. For example, if you live alone in a <a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=1&amp;page=1\" target=\"_blank\">one-bedroom apartment<\/a>, then you can try downsizing to a <a href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=0&amp;page=1\">studio apartme<\/a><a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=0&amp;page=1\" target=\"_blank\">n<\/a><a href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=0&amp;page=1\">t<\/a> and save a few hundred dollars each month. <\/p>\n\n\n\n<p>There are lots of ways to make a <a href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=0&amp;page=1\">studio apartme<\/a><a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=0&amp;page=1\" target=\"_blank\">n<\/a><a href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=0&amp;page=1\">t<\/a> into a functional and cozy living space, even if you&#8217;re used to having more room.<\/p>\n\n\n\n<p>And, those who live with a partner or roommate splitting a <a rel=\"noreferrer noopener\" aria-label=\"two-bedroom apartment (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=2&amp;page=1\" target=\"_blank\">two-bedroom apartment<\/a> could try to move into a one-bedroom instead and either share the bedroom or convert part or all of the living room into a second bedroom.<\/p>\n\n\n\n<div style=\"border: 2px solid lightcoral; text-align: center; margin: 30px 0; padding: 20px; color: #BD8D7C;\">\n<p style=\"font-size: 16px;margin: 0;\"><b>&gt;&gt; Recommended Reading:<\/b> <a href=\"https:\/\/liv.rent\/blog\/2019\/11\/vancouver-or-toronto-a-cost-of-living-comparison\/\" target=\"_blank\" rel=\"noopener noreferrer\">Vancouver vs Toronto: Cost of Living Comparison\n<\/a><\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"family\">2. Move in with your family or significant other<\/h2>\n\n\n\n<p>In expensive cities like <a rel=\"noreferrer noopener\" aria-label=\"Vancouver (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/vancouver?page=1\" target=\"_blank\">Vancouver<\/a> and <a rel=\"noreferrer noopener\" aria-label=\"Toronto (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?page=1\" target=\"_blank\">Toronto<\/a>, couples often move in together motivated by finances more than love! If that&#8217;s a life choice that&#8217;s available to you, you can save a lot of money by splitting a <a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=1&amp;page=1\" target=\"_blank\">one-bedroom apartment<\/a> rather than renting your own <a href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=0&amp;page=1\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"studio (opens in a new tab)\">studio<\/a>, even.<\/p>\n\n\n\n<p>Another option is to move in with family. Either splitting a home with your siblings or even moving back home and chipping in can help you drastically reduce your cost of living.<\/p>\n\n\n\n<div style=\"border: 5px solid aliceblue; text-align: center; margin: 20px 0%; padding: 20px\">\n<p style=\"font-size: 20px; color: #3E5B77; margin: 0;\"><strong><a href=\"#toc\">Back To Top<\/a><\/strong><\/p>\n<\/div>\n\n\n\n<div>&nbsp;<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"share\">3. Share a rental with roommates<\/h2>\n\n\n\n<p>How to save money on housing 101 has to be sharing a home with roommates. Splitting a home can help cut back not just on the rent you pay but also on overall living expenses and <a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/blog\/2019\/11\/setting-up-utilities\/\" target=\"_blank\">utilities<\/a>.   <\/p>\n\n\n\n<p>Let&#8217;s do the math:You could rent a one-bedroom apartment in Toronto for an average of $1,871 according to our October 2021 <a href=\"https:\/\/liv.rent\/blog\/2021\/10\/october-2021-toronto-rent-report\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">rental data<\/a>.<\/p>\n\n\n\n<p>Or, you could split a three-bedroom apartment, averaging $2,763, and share it with two other people. That would mean your rent portion is $921 per month.<\/p>\n\n\n\n<div style=\"border: 2px solid lightcoral; text-align: center; margin: 30px 0; padding: 20px; color: #BD8D7C;\">\n<p style=\"font-size: 16px;margin: 0;\"><b>&gt;&gt; Recommended Reading:<\/b> <a href=\"https:\/\/liv.rent\/blog\/2020\/06\/average-rent-near-transit-in-greater-toronto-area-gta\/\" target=\"_blank\" rel=\"noopener noreferrer\">Average Rent Near Transit in the Greater Toronto Area (GTA)<\/a><\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"open-search\">4. Open your search area<\/h2>\n\n\n\n<p>If you&#8217;re looking to reduce your monthly rent payments, you may need to expand your search beyond the most central neighbourhoods, as these tend to be the most expensive. <\/p>\n\n\n\n<p>Take a look at our monthly <a rel=\"noreferrer noopener\" aria-label=\"Rent Reports for Toronto (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/category\/rent-reports\/toronto\/\" target=\"_blank\">Rent Reports for Toronto<\/a> to get a sense of the more affordable areas, and be sure to include these in your search criteria when looking for a place to rent. <\/p>\n\n\n\n<p>Renters should also open up their search criteria for the type of listing they&#8217;re looking for, as they may be able to find better prices for units that may not be exactly what they&#8217;re looking for, but offer great value. If you&#8217;re looking for a unit with two full bathrooms, consider adding 1.5 bathroom units to your search. If you&#8217;ve selected in-suite laundry or parking as a requirement, try expanding this to shared laundry or street parking to find more units that might work for you.<\/p>\n\n\n\n<div>&nbsp;<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"neighbourhood\">5. Move to a cheaper neighbourhood<\/h2>\n\n\n\n<p>A simple solution to paying too much in rent is to move to a neighbourhood where <a href=\"https:\/\/wealthawesome.com\/cheapest-places-to-live-in-canada\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"rent is more affordable (opens in a new tab)\">rent is more affordable<\/a>.<\/p>\n\n\n\n<p>Often, the closer you are to the city centre, the more expensive your rent will be. So, if your lifestyle can permit you to be further away from the city, then your wallet will thank you. <\/p>\n\n\n\n<p>Of course, where you live depends on way more than just money. There&#8217;s transit and commuting to consider as well as neighbourhood character and quality of life. And if saving money is your top priority, then it will pay to find out where you can get the most bang for your buck. <\/p>\n\n\n\n<p>Here&#8217;s a chart from our <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/10\/october-2021-toronto-rent-report\/\" target=\"_blank\">Toronto rent report<\/a> for November 2021:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"685\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/10\/2021_10_26_Toronto_RentReport_November_EN_Blog-7-1024x685.png\" alt=\"average rent for unfurnished units in toronto via liv rent\" class=\"wp-image-33096\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/10\/2021_10_26_Toronto_RentReport_November_EN_Blog-7-1024x685.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/10\/2021_10_26_Toronto_RentReport_November_EN_Blog-7-225x150.png 225w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/10\/2021_10_26_Toronto_RentReport_November_EN_Blog-7-300x201.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/10\/2021_10_26_Toronto_RentReport_November_EN_Blog-7-768x513.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/10\/2021_10_26_Toronto_RentReport_November_EN_Blog-7-345x230.png 345w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/10\/2021_10_26_Toronto_RentReport_November_EN_Blog-7-370x247.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/10\/2021_10_26_Toronto_RentReport_November_EN_Blog-7-440x294.png 440w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/10\/2021_10_26_Toronto_RentReport_November_EN_Blog-7-570x380.png 570w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/10\/2021_10_26_Toronto_RentReport_November_EN_Blog-7-170x113.png 170w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>So, in Toronto, consider living in a more affordable neighbourhood if you&#8217;re looking to cut back on your rental expenses and <a rel=\"noreferrer noopener\" aria-label=\"subscribe (opens in a new tab)\" href=\"https:\/\/mautic.liv.rent\/subscribe\" target=\"_blank\">subscribe<\/a> to liv.rent to get up-to-date rental averages like these.<\/p>\n\n\n\n<p>As you can see, when you look at each neighbourhood in terms of rental averages, it&#8217;s more clear where you can save on rent in Toronto. Places like <a href=\"https:\/\/liv.rent\/rental-listings\/city\/brampton\">Brampton<\/a> or <a href=\"https:\/\/liv.rent\/rental-listings\/city\/scarborough\">Scarborough<\/a> are much more affordable than Downtown or North York, for example.<\/p>\n\n\n\n<div style=\"border: 2px solid lightcoral; text-align: center; margin: 30px 0; padding: 20px; color: #BD8D7C;\">\n<p style=\"font-size: 16px;margin: 0;\"><b>&gt;&gt; Recommended Reading:<\/b> <a href=\"https:\/\/liv.rent\/blog\/2021\/04\/2021-where-can-you-find-the-cheapest-toronto-rentals\/\" target=\"_blank\" rel=\"noopener noreferrer\"> Where Can You Find The Cheapest Toronto Rentals?<\/a><\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading negotiate\" id=\"negotiate\">6. Negotiate cheaper rent<\/h2>\n\n\n\n<p>An easy way to save on rent is to negotiate it. The best thing about this tip is that you can negotiate rent at any time, whether you&#8217;re about to sign a lease on a new place or whether you rent from month to month.<\/p>\n\n\n\n<p>It&#8217;s especially easy to negotiate rent if you&#8217;re paying above average for the type of unit or neighbourhood you&#8217;re in.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/blog\/2021\/04\/ask-an-expert-klaus-rode-on-toronto-rentals-century-21\/\" target=\"_blank\">Real estate expert Klaus Rode<\/a> said that the key to negotiating cheaper rent is to have realistic expectations. &#8220;Be reasonable, and be willing to compromise,&#8221; he said. If you wanted a $200 discount, but you ended up with a $100 or $50 discount, that\u2019s a win.&#8221;<\/p>\n\n\n\n<div style=\"border: 5px solid aliceblue; text-align: center; margin: 20px 0%; padding: 20px\">\n<p style=\"font-size: 20px; color: #3E5B77; margin: 0;\"><strong><a href=\"#toc\">Back To Top<\/a><\/strong><\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"longer-lease\">7. Sign a longer lease<\/h2>\n\n\n\n<p>If your circumstances allow for it, try negotiating a longer lease in exchange for reduced rent. Many landlords are concerned about keeping the unit occupied, so if you&#8217;re able to sign a two-year lease when the unit only requires a one-year term, they may be willing to compromise on the price slightly.<\/p>\n\n\n\n<p>Especially in areas with a high concentration of students, landlords may find themselves settling for month-to-month leases, so enquire about whether they&#8217;d prefer a yearly term in exchange for a discount. Stability is key for most landlords, so offering them this may help you save money during your term.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"parking\">8. Ask about parking<\/h2>\n\n\n\n<p>Some units have the price of parking included in their cost, whether or not you plan on using it. If you notice that parking is included with your rent and you don&#8217;t have a vehicle, be sure to ask the landlord if you can forego this for a slight discount on your monthly rent.<\/p>\n\n\n\n<p>This can easily save tenants $100-150, depending on the area, and will keep you from paying for features you aren&#8217;t using.<\/p>\n\n\n\n<div style=\"border: 5px solid aliceblue; text-align: center; margin: 20px 0%; padding: 20px\">\n<p style=\"font-size: 20px; color: #3E5B77; margin: 0;\"><strong><a href=\"#toc\">Back To Top<\/a><\/strong><\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"utilities\">9. Do the math on utilities<\/h2>\n\n\n\n<p>Some rental units include <a href=\"https:\/\/liv.rent\/blog\/2019\/11\/setting-up-utilities\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"utilities (opens in a new tab)\">utilities<\/a> and some do not. It&#8217;s a good idea to try and do the math to compare the costs of both options.<\/p>\n\n\n\n<p>Depending on your lifestyle, the size of the unit and the city you live in \u2014 you may find that it&#8217;s cheaper to do one than the other.<\/p>\n\n\n\n<p>For example, let&#8217;s take a <a rel=\"noreferrer noopener\" aria-label=\"one-bedroom for rent in Toronto (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=1&amp;page=1\" target=\"_blank\">one-bedroom for rent in Toronto<\/a> that costs $2,100 per month and includes heat, hot water, cable, and internet. A similar unit is $1,900 but doesn&#8217;t include cable or internet.<\/p>\n\n\n\n<p>If you feel like you can get a better deal on internet and you don&#8217;t want cable, you could end up saving money by choosing to rent a place where utilities are not included in the cost of rent.<\/p>\n\n\n\n\n\n<div style=\"border: 5px solid aliceblue; text-align: center; margin: 20px 0%; padding: 20px\">\n<p style=\"font-size: 20px; color: #3E5B77; margin: 0;\"><strong><a href=\"#toc\">Back To Top<\/a><\/strong><\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"tax\">10. Take advantage of tax write-offs<\/h2>\n\n\n\n<p>Finally, one tiny way you can save money on rent in Toronto is by taking advantage of tax write-offs you might be eligible for. Anyone who saw their <a href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto?bedroom_count=1&amp;page=1\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"one-bedroom (opens in a new tab)\">one-bedroom<\/a> evolve into their home office. <\/p>\n\n\n\n<p>At our expert-led webinar, <a rel=\"noreferrer noopener\" aria-label=\"Landlord's Guide To Property Tax Deduction (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/04\/landlords-guide-to-property-tax-deductions\/\" target=\"_blank\">Landlord&#8217;s Guide To Property Tax Deduction<\/a>,  CFP\u00ae and  Investment Property Advisor Meghan Chomut talked about how to take advantage of the work-from-home tax credit.<\/p>\n\n\n\n<p>Essentially, there are two ways to claim it, the traditional way and a simplified way, and they&#8217;re open to anyone who worked from home for at least half of the year over a consecutive four weeks or more because of the pandemic. <\/p>\n\n\n\n<p>Talk to your accountant about claiming this write-off or make a note to try and do it next year if you find yourself <a href=\"https:\/\/liv.rent\/blog\/2020\/08\/taxbacks-guide-to-working-from-home\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"working from home (opens in a new tab)\">working from home<\/a> still.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p>We hope you&#8217;ve now got a few tips up your sleeve about how to afford <a rel=\"noreferrer noopener\" aria-label=\"rent in Toronto (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto\" target=\"_blank\">rent in Toronto<\/a> now, whether you are looking for a place to share with roommates or want to downsize to save on rent, use <a href=\"https:\/\/liv.rent\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"liv.rent (opens in a new tab)\">liv.rent<\/a> to find exactly what you&#8217;re looking for. <\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>Cover photo image source: <a href=\"https:\/\/www.pexels.com\/photo\/photo-of-cn-tower-during-golden-hour-2773226\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Pexels (opens in a new tab)\">Pexels<\/a><\/em><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<br> \n\n<style> \n\n.button-rethink-way-you-rent { \n  background-color: #3E5B77; \n  border: 5px #26425C; \n  color: white; \n  padding: 10px 30px; \n  text-align: center; \n  text-decoration: none; \n  display: inline-block; \n  font-size: 15px; \n  margin: 5px 0px 20px 0px; \n  cursor: pointer; \n} \n<\/style> \n\n<img decoding=\"async\" class=\"alignleft wp-image-23097\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2020\/08\/Digital-Contracts-Cropped-2.gif\" alt=\"Find apartments &amp; houses for rent with the liv.rent app\" width=\"196\" height=\"370\" style=\"float:left;\"> \n\n<h3 style=\"color: #3E5B77;\">Rethink The Way You Rent<\/h3> \n\n<p>Not on <strong><a href=\"https:\/\/liv.rent\/\" target=\"_blank\" rel=\"noopener noreferrer\">liv.rent<\/a><\/strong> yet? Experience the ease of digital applications &#038; contracts, verified tenants &#038; landlords, virtual tours and more \u2013 all on one platform. <strong><a href=\"https:\/\/liv.rent\/pricing\" target=\"_blank\" rel=\"noopener noreferrer\">Sign up for free<\/a><\/strong> or <strong><a href=\"https:\/\/liv.rent\/download\" target=\"_blank\" rel=\"noopener noreferrer\"> download the app<\/a><\/strong>.<\/p> \n\n<a href=\"https:\/\/liv.rent\/\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"button-rethink-way-you-rent\" class=\"button-rethink-way-you-rent\">Learn More<\/button><\/a> \n\n<p style=\"color: #3E5B77\"><strong><a href=\"https:\/\/315027fd.sibforms.com\/serve\/MUIEALxBmw-zX8J7nIDbE8Y0GsbO2XD2wyS5o8IJ7wVaedytZTfE-Ysnf2unVSDuBMQ_DiIreTYMftk3u84zjN-NZ459-r4fafSVJmvHqufcCZsHOdl9YPdQlyNO_8e-aEyO3JswcwrjPcNt9Ll22P85SQ6zAIiqlLhL9S2Es9edJgfjg0307yN6DptRbjGnHobRqNlUNRLczWrl\" target=\"_blank\" rel=\"noopener noreferrer\">Subscribe<\/a><\/strong> to receive the latest tenant &#038; landlord tips and get notified about changes in the Canadian rental market.\n<\/p> \n\n<p style=\"color: #3E5B77\"><strong>>> Stay up-to-date on the average rent in Vancouver, Toronto and Montreal: <\/strong> <a href=\"https:\/\/liv.rent\/blog\/rent-reports\/\" target=\"_blank\" rel=\"noopener noreferrer\">Rent Reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Torontonians have known for a while now that their fair city costs a pretty penny to call home. And for those who want to find ways to save money on rent, they&#8217;ve had to be creative. While cutting back on your overall expenses will leave your bank account more able to weather the rent cheque [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":29824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false},"categories":[548,546,522],"tags":[595,591],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10 Smart Ways To Save On Rent In Toronto | liv.rent blog<\/title>\n<meta name=\"description\" content=\"For renters in Toronto, saving money on rent isn&#039;t always easy. In this post, we&#039;ll be going over seven smart ways to save on rent in Toronto.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/liv.rent\/blog\/renters\/smart-ways-to-save-on-rent-in-toronto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 Smart Ways To Save On Rent In Toronto | liv.rent blog\" \/>\n<meta property=\"og:description\" content=\"For renters in Toronto, saving money on rent isn&#039;t always easy. In this post, we&#039;ll be going over seven smart ways to save on rent in Toronto.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/liv.rent\/blog\/renters\/smart-ways-to-save-on-rent-in-toronto\/\" \/>\n<meta property=\"og:site_name\" content=\"liv.rent blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/liv.rent\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-17T22:55:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-24T21:04:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/04\/toronto_city_skyline-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sarah Anderson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@SarahRoseWords\" \/>\n<meta name=\"twitter:site\" content=\"@liv_rent\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sarah Anderson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/liv.rent\/blog\/renters\/smart-ways-to-save-on-rent-in-toronto\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/liv.rent\/blog\/renters\/smart-ways-to-save-on-rent-in-toronto\/\"},\"author\":{\"name\":\"Sarah Anderson\",\"@id\":\"https:\/\/liv.rent\/blog\/#\/schema\/person\/2020dc1358d063fc9c642ea9b38e25f0\"},\"headline\":\"10 Smart Ways To Save On Rent In Toronto\",\"datePublished\":\"2021-05-17T22:55:54+00:00\",\"dateModified\":\"2024-01-24T21:04:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/liv.rent\/blog\/renters\/smart-ways-to-save-on-rent-in-toronto\/\"},\"wordCount\":1464,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/liv.rent\/blog\/#organization\"},\"keywords\":[\"First Time Renters\",\"Renter Tips\"],\"articleSection\":[\"Apply\",\"Find\",\"Renters\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/liv.rent\/blog\/renters\/smart-ways-to-save-on-rent-in-toronto\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/liv.rent\/blog\/renters\/smart-ways-to-save-on-rent-in-toronto\/\",\"url\":\"https:\/\/liv.rent\/blog\/renters\/smart-ways-to-save-on-rent-in-toronto\/\",\"name\":\"10 Smart Ways To Save On Rent In Toronto | liv.rent blog\",\"isPartOf\":{\"@id\":\"https:\/\/liv.rent\/blog\/#website\"},\"datePublished\":\"2021-05-17T22:55:54+00:00\",\"dateModified\":\"2024-01-24T21:04:03+00:00\",\"description\":\"For renters in Toronto, saving money on rent isn't always easy. 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