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$0 - $1,500

Cheap Apartments Under $1500 in Toronto, ON

30 Rentals Found

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~~$1775~~$1,450+/month

Studio · 1 Bath

701 Don Mills Rd

Toronto, ON · Entire Apartment

Charming multi-story brick apartment buildings with white accents and black roofs line a peaceful street under a clear blue sky. Mature landscaping and well-maintained greenery enhance curb appeal in a vibrant urban setting with nearby high-rise buildings.

bright and cozy living room featuring a modern white sectional sofa with patterned cushions, abstract wall art, large windows with grey curtains, a minimalist wooden coffee table adorned with flowers and books, and a wall-mounted flat-screen tv. natural light complements the clean, neutral decor creating a welcoming atmosphere.

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modern living room with a soft blush sectional sofa adorned with colorful pillows and a cozy throw, complemented by a sleek black media console, glass coffee table, and vibrant yellow bench, illuminated by natural light from large windows and enhanced with contemporary abstract wall art and fresh sunflowers.

bright and cozy bedroom featuring a neatly made bed with striped linens, complemented by modern bedside tables with lamps, a framed black and white cityscape above the headboard, and soft gray curtains framing a window with a brick exterior view. the space is clean, minimalist, and inviting with warm wooden flooring and a subtle patterned rug.

cozy and minimalist bedroom featuring a neatly made bed with neutral-toned bedding, contemporary abstract wall art, and soft gray curtains framing a small window. the space is clean and well-lit by ceiling light, highlighting simple yet elegant decor and warm wooden flooring.

bright and clean white bathroom featuring a bathtub with overhead shower, a white vanity with sink and mirror, frosted window for natural light, and simple tiled walls for a fresh and minimalist look, ideal for a modern home.

~~$1695~~$1,450/month

Studio · 1 Bath

1574 Bathurst Street

Toronto, ON · Entire Apartment

charming multi-story brick apartment buildings with white accents and steep dark roofs, set against a clear blue sky in an urban neighborhood with well-maintained landscaping and a street view including parked cars and city buildings in the background

bright and cozy living room featuring a blush pink sectional sofa with colorful pillows, modern glass coffee table, flat-screen tv on a sleek console, and a stylish mustard ottoman. large windows with dark curtains provide natural light, complemented by abstract wall art and fresh sunflowers adding warmth and charm.

bright and modern living room featuring a white l-shaped sofa with patterned cushions, abstract wall art, a minimalist wooden coffee table, large windows with dark curtains, a flat-screen tv mounted on the wall, and a cozy neutral-toned rug. natural light complements the clean and contemporary design, creating an inviting and comfortable space.

bright and cozy modern bedroom featuring a neatly made bed with striped bedding and multiple pillows, soft ambient lighting from bedside lamps, a framed black and white cityscape above the headboard, and neutral gray curtains framing a window with a city view. The room has clean white walls and light wood flooring, creating a serene and inviting atmosphere.

cozy minimalist bedroom featuring a neatly made bed with neutral-toned bedding and accent pillows, complemented by modern abstract wall art, soft gray curtains, and natural light from a small window, creating a calm and inviting atmosphere perfect for restful nights.

bright and clean white bathroom featuring a bathtub with showerhead, a vanity with sink and mirror, frosted window for privacy, and simple tiled walls creating a fresh and minimalist space ideal for relaxation and daily routines.

~~$1695~~$1,450/month

Studio · 1 Bath

1570 Bathurst Street

Toronto, ON · Entire Apartment

2 Units Available

$1,350–$1,450/month

Studio – 1 Bed

110 Unity Rd

Toronto, ON · Fred J Beavis Apartments

bright and spacious living room with modern furnishings including a comfortable sofa, green accent chairs, wooden dining table, and mid-century style cabinetry. large windows offer ample natural light and city views, complemented by clean white walls and minimalist decor for a cozy urban living space.

a towering beige high-rise residential building with classic architectural elements stands prominently under a bright blue sky in a bustling urban area, surrounded by modern skyscrapers and city street activity, showcasing elegant arched entrances and numerous windows for natural light

small, clean white bathroom featuring a pedestal sink and toilet, illuminated by a modern four-bulb vanity light above a large rectangular mirror, with simple and minimalistic design elements creating a bright and functional space.

bright and airy bedroom featuring a patterned bedspread with yellow and blue leaves, modern bedside lamps, and a minimalist abstract wall art. the room includes an en-suite bathroom visible through an open door, showcasing a clean and inviting living space with neutral tones and natural light.

modern clean u-shaped kitchen with white cabinetry, tiled backsplash, stainless steel appliances including dishwasher and stove, and a beige tile floor, featuring bright overhead lighting and a cozy breakfast bar counter.

modern and minimalist home office featuring a wooden desk with a laptop, ergonomic chair, decorative shelving, and abstract wall art, adjacent to a living area separated by sliding glass doors, offering a clean and well-lit workspace with natural light and neutral tones.

$1,350/month

1 Bed · 1 Bath · 1022 ft²

25 The Esplanade

Toronto, ON · Entire Apartment

bright exterior view of a mid-century modern apartment building featuring multiple balconies, red brick and beige facade, large windows, and a variety store on the ground floor, surrounded by mature trees and clear blue sky

2 Units Available

$1,350–$1,450/month

Studio – 1 Bed

100 Unity Road

Toronto, ON · Green Meadows Apartments

exterior view of a mid-century modern three-story apartment building featuring a mix of white and brown brick facades, balconies with white railings, and surrounded by leafless trees and a paved walkway under a clear sky, offering a quiet residential atmosphere.

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exterior view of a multi-unit residential building featuring a modern architectural style with beige brick and brown brick accents, surrounded by leafless trees and fenced yards under a clear blue sky.

$1,500/month

Studio · 1 Bath · 200 ft²

2808 Keele Street

Toronto, ON · Entire Apartment

140 Wellesley Street East, Toronto, ON Photo 18 of 18

modern kitchen featuring light wood cabinetry, stainless steel appliances including microwave and stove, sleek white subway tile backsplash, and a clean, minimalist aesthetic. the space is well-lit with natural light, showcasing a tidy and contemporary design ideal for stylish urban living.

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modern kitchen featuring light wood cabinetry, stainless steel appliances including microwave and oven, refrigerator, white subway tile backsplash, and sleek countertops. bright, clean, and well-organized space with contemporary design elements and efficient layout.

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2 Units Available

$1,167–$1,375/month

Studio – 1 Bed

140 Wellesley Street East

Toronto, ON · 140 Wellesley Street East

That perfect place won't wait.

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2 Units Available

$1,499–$1,499/month

Studio – 1 Bed

10 Macey Ave

Toronto, ON · Macey Apartments

140 D'Arcy Street, Toronto, ON Photo 20 of 20

modern kitchen with wood cabinetry, stainless steel appliances including microwave, oven, and refrigerator, green tiled backsplash, and ample natural light creating a bright, inviting cooking space perfect for summer living.

vibrant urban street scene at dusk featuring a modern brick and stone mixed-use building with illuminated retail storefronts and large windows, lively pedestrian activity, and lush street trees enhancing the city atmosphere.

modern urban mixed-use building featuring a red brick facade with large windows, retail storefronts at street level, and rooftop greenery under a clear blue sky, surrounded by trees and bustling pedestrian activity

light-filled modern bedroom featuring a large window with city views at sunset, cozy bed with plush headboard and decorative pillows, matching nightstands with stylish lamps and greenery, soft neutral tones and minimalist decor for a serene retreat.

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bright and modern open-concept living space featuring a cozy beige sofa, round wooden coffee tables with decorative accents, and a sleek kitchen with wood cabinetry and green tile backsplash. the room includes a dining area with white chairs and a glass table, a stacked washer and dryer, and a large flat-screen tv, all illuminated by natural and artificial lighting.

modern kitchen with light wood and white cabinetry, teal patterned backsplash, stainless steel appliances, and a glass dining table with plush chairs. bright and clean space featuring a striking blue door and sleek linear pendant lighting, perfect for contemporary living.

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bright and modern open-concept living space featuring a white sofa with accent pillows, a round wooden coffee table with decorative items, and a cozy textured rug. adjacent kitchen boasts sleek cabinetry, stainless steel appliances, and a stylish green tile backsplash. stacked washer and dryer unit enhances functionality, while natural and artificial lighting create a welcoming ambiance.

bright and airy bedroom featuring a large window with city views, modern neutral decor, plush white bedding with accent pillows, matching bedside tables with lamps, and a cozy textured rug, creating a serene urban retreat filled with natural light.

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bright and modern open-concept living space featuring a cozy sitting area with neutral furniture, a sleek kitchen with wood and white cabinetry, green tiled backsplash, and stainless steel appliances, complemented by stylish lighting and natural wood flooring for a welcoming atmosphere

bright and airy bedroom featuring a large window with urban views, neutral color palette, modern furnishings including a padded headboard bed, wooden dresser, and matching nightstands, accented with decorative pillows and greenery for a cozy yet contemporary feel.

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modern hallway with stylish geometric chandelier, wood-paneled walls, patterned tile flooring, and elegant archways leading to other rooms. features a decorative console table with flowers and a large mirror, creating a warm and inviting atmosphere with a contemporary design.

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bright and airy bedroom with minimalist design featuring a wooden dresser, white bedding with subtle stripes, a decorative table lamp, and lush green plants, complemented by natural light and clean lines for a tranquil and modern living space.

$1,087/month

Studio · 1 Bath · 512 ft²

140 D'Arcy Street

Toronto, ON · Entire Apartment

bright and modern bathroom featuring white subway tile walls, sleek black floor tiles, a white vanity with chrome fixtures, and a clean white toilet, creating a fresh and minimalist ambiance perfect for contemporary living spaces.

sleek modern kitchen featuring glossy white cabinets, stainless steel appliances, black countertops, and bright lighting that highlights the clean and minimal design. light wood flooring and a small dining area add warmth and functionality to the space.

historic red brick building featuring a distinctive turret and ornate gable roofline, blending classic architectural charm with urban surroundings near modern high-rises. the structure showcases arched entryways and bay windows, creating an inviting street presence in a city neighborhood.

sleek modern kitchen featuring glossy white cabinetry, stainless steel appliances, and a black countertop with a minimalist design. bright and clean space illuminated by a central ceiling light and natural light from a window, perfect for contemporary living.

Bright and cozy living and dining area featuring a beige sofa, modern glass coffee table, round wooden dining table with grey chairs, light wood flooring, and a view into a bedroom with exposed brick wall and black door framing for an inviting home atmosphere.

bright and modern studio apartment featuring light wood flooring, a beige sofa, glass coffee table, sliding closet doors, and a cozy dining area with a round wooden table and chairs. natural light enhances the clean and minimalist space with exposed brick accents in the adjacent room.

bright and modern bedroom featuring exposed brick walls, black trim windows and doors, light wood flooring, and minimalist decor with a cozy queen bed and soft lighting. the space blends industrial charm with contemporary comfort, enhanced by natural light from large windows and clean, neutral tones.

bright and modern bedroom featuring a wooden bed frame with gray bedding and pillows, sleek black door, wood-look flooring, and a wall-mounted air conditioning unit, complemented by natural light and minimalistic decor for a cozy and inviting atmosphere

~~$1799~~$1,499/month

1 Bed · 1 Bath · 430 ft²

262A Sherbourne Street

Toronto, ON · Entire Apartment

exterior view of a mid-century modern apartment building with balconies, set among other high-rise residential buildings under a bright blue sky with scattered clouds. the building features beige brick walls, black balcony railings, and a well-maintained green lawn at the front, offering urban living with outdoor space.

modern kitchen featuring light wood cabinetry, stainless steel appliances, and white subway tile backsplash, complemented by a clean and minimalist design with ample cabinet space and sleek fixtures, ideal for contemporary living.

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urban apartment balcony with glass railings overlooking neighboring brick buildings, featuring a concrete floor and open door leading to interior hardwood floors and tiled kitchen area, perfect for city living with outdoor space

bright and clean communal laundry room featuring multiple washers and dryers in a tiled space with blue wall accents and overhead fluorescent lighting, ideal for convenient laundry needs in residential buildings.

entrance of a mid-century modern apartment building at 433 with glass doors, a neon open sign, brick facade, and a paved walkway bordered by iron fencing and greenery, situated in an urban setting with high-rise reflections

modern mid-rise apartment buildings featuring multiple balconies with glass railings, well-maintained green lawn areas, and a clear blue sky providing bright natural lighting, ideal for urban living with a clean and inviting exterior.

~~$1585~~$1,500/month

Studio · 1 Bath · 400 ft²

433 Jarvis Street

Toronto, ON · Entire Apartment

bright and clean modern bathroom featuring a white vanity with sink, toilet, and a bathtub with white tiled walls, complemented by black floor tiles and a sleek black door for a contemporary contrast

modern kitchen with sleek white cabinetry, black countertops, stainless steel appliances, and light wood flooring, featuring a bright and clean aesthetic with a minimalist design and a small dining area visible in the background

historic red brick victorian building with ornate stone arch entrance and turret, set against urban cityscape backdrop featuring modern high-rise buildings and street art mural, showcasing unique architectural charm and urban appeal in a vibrant neighborhood.

modern white kitchen featuring sleek cabinetry, stainless steel appliances, and a black countertop with a minimalist faucet. bright and clean space with natural and artificial lighting highlighting the subway tile backsplash and light wood flooring.

Bright and airy living and dining area featuring modern minimalist design with light wood flooring, a cozy beige sofa, glass coffee table, and a round wooden dining table with gray chairs. The space is complemented by a large mirror, neutral tones, and natural light from an adjacent bedroom with brick wall accents.

modern small living area featuring light wood flooring, a beige sofa, glass coffee table, and a cozy dining nook adjacent to a bedroom with exposed brick wall and black framed door. bright and clean space with minimalist design and sliding closet doors.

bright and modern bedroom featuring a cozy queen-sized bed with neutral bedding, exposed brick accent wall, large window with black trim, and light wood flooring. the space combines rustic charm with contemporary design, enhanced by natural light and minimalistic decor.

bright modern bedroom featuring a wooden headboard bed with gray accent pillows and throw, light wood flooring, minimalistic side tables with glass lamps, and a sleek black door opening to a dining area, complemented by a white air conditioning unit and exposed brick wall for a cozy yet contemporary look.

~~$1499~~$1,299/month

Studio · 1 Bath · 430 ft²

256 Sherbourne Street

Toronto, ON · Entire Apartment

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~~$1550~~$1,485/month

Studio · 1 Bath · 330 ft²

214 Wellesley Street East

Toronto, ON · Entire Apartment

exterior view of a classic brick multi-unit residential building located on jarvis street, featuring traditional architectural elements with large windows and a central glass panel entrance, set against a backdrop of modern high-rise buildings under a cloudy sky, ideal for urban living

modern kitchen with light wood cabinetry, stainless steel appliances including microwave, stove, and refrigerator, white subway tile backsplash, and sleek faucet. clean, bright, and functional space ideal for contemporary living.

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bright and compact bathroom featuring white tiled walls, a classic white bathtub with showerhead, a white toilet, and a wall-mounted sink. natural light filters through a frosted window, enhancing the clean and simple design with tiled flooring for easy maintenance.

~~$1400~~$1,167/month

Studio · 1 Bath · 400 ft²

120 Maitland Street

Toronto, ON · Entire Apartment

bright and clean modern bathroom featuring white walls, a sleek vanity with mirror, a standard toilet, and a tiled bathtub area. contrasting black floor tiles and a black door add a contemporary touch to this minimalist space.

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historic red brick building featuring ornate turrets and arched windows in an urban setting with modern high-rises in the background. distinct architectural details blend victorian and dutch renaissance styles, showcasing craftsmanship and character in a vibrant city environment.

modern kitchen featuring sleek white cabinetry with silver hardware, black countertops, stainless steel appliances including refrigerator and stove, a minimalist subway tile backsplash, and bright overhead lighting enhancing the clean and contemporary aesthetic.

bright and cozy living and dining area featuring light wood flooring, a beige sofa with a patterned rug, a glass coffee table with floral decor, and a round wooden dining table with modern gray chairs. a bedroom with exposed brick wall and a black framed door is visible through the doorway, enhancing the inviting and contemporary feel of the space.

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bright and modern bedroom featuring exposed brick walls, light wood flooring, and a cozy queen-sized bed with neutral bedding. natural light floods through large windows with black trim, complemented by sleek black doors and minimalist bedside tables with unique lamps. a wall-mounted air conditioning unit adds comfort.

bright modern bedroom with wooden bed frame, gray bedding, and minimalist decor featuring black door and exposed brick wall, illuminated by natural light from window and ceiling light fixture

~~$1799~~$1,499/month

1 Bed · 1 Bath · 430 ft²

260 Sherbourne Street

Toronto, ON · Entire Apartment

bright and spacious living and dining area featuring modern furnishings, light gray walls, large windows with vertical blinds, and stylish lighting fixtures. the room combines comfort and elegance with a sleek wooden dining table, minimalist sofas, and decorative wall art, creating an inviting and contemporary living space.

~~$1700~~$1,500+/month

Studio · 1 Bath

200-222 Elm Street

Toronto, ON · Entire Apartment

charming mid-century brick apartment buildings with classic architectural details, featuring multiple windows and air conditioning units, situated on a clean urban street with sidewalks and greenery. ideal for comfortable city living with vintage appeal.

bright and clean galley kitchen with white cabinetry, electric stove, and refrigerator, featuring a modern minimalist design and tasteful decor accents, perfect for efficient cooking and storage in a compact space.

modern kitchen with light wood cabinetry, stainless steel appliances including microwave, stove, and refrigerator, sleek white countertops, and white subway tile backsplash, complemented by natural and artificial lighting for a bright and clean cooking space

bright and cozy studio apartment featuring modern minimalist design with a comfortable bed, plush sofa, and a small dining area. natural light floods the space through a large window, highlighting the warm wood flooring and tasteful artwork for a welcoming ambiance.

bright and clean bathroom featuring a white bathtub with a beige shower curtain, a white sink with silver fixtures, a small window allowing natural light, and minimalist decor with plants and framed artwork, creating a calm and inviting atmosphere

$1,450/month

Studio · 1 Bath · 400 ft²

433 Sherbourne Street

Toronto, ON · Entire Apartment

~~$1295~~$1,250+/month

Studio · 1 Bath

38 Lambton Avenue

Toronto, ON · Entire Apartment

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~~$1695~~$1,495/month

1 Bed · 1 Bath · 485 ft²

2107 Yonge Street

Toronto, ON · Entire Apartment

modern three-story brick apartment building with large windows and well-maintained landscaping featuring colorful flowers and green grass under a bright blue sky. the property includes a driveway leading to individual garages and mature trees providing shade and curb appeal.

This modern kitchen features sleek white cabinetry, stainless steel appliances including a refrigerator, oven, and dishwasher, and a stylish black and white tiled backsplash with a matching patterned floor. The space is well-lit with a clean, contemporary design perfect for any home.

image showing a person holding a smartphone with a promotional overlay inviting viewers to take a virtual tour and lease remotely with 360-degree viewing options for convenient apartment leasing experience.

Bright and spacious empty room featuring large windows with city views, light gray walls, polished parquet flooring, and a white heating unit under the windows. The clean and minimalist space offers excellent natural light and a neutral palette, perfect for customization.

modern bathroom featuring a sleek white bathtub with black tile accents, a white toilet, and a stylish black vanity with a matching mirror cabinet under bright lighting, showcasing a clean and contemporary design with gray walls and white tiled floor.

exterior view of a well-maintained mid-century modern apartment building entrance featuring brick facade, manicured lawn, flower beds, and clear signage at 146 jameson. the entrance has decorative stone columns and glass doors, creating an inviting appeal.

bright entryway featuring large windows allowing ample natural light, colorful geometric floor pattern, and glass door entrance creating a welcoming and airy atmosphere in this urban residential or commercial building lobby.

bright and clean apartment building hallway featuring ornate patterned rugs, beige walls, and natural light from large windows. the space includes a glass door leading to a stairwell and modern ceiling lights, creating a welcoming and well-maintained atmosphere.

Exterior view of a well-maintained mid-century modern apartment building featuring light brown brick facade, large windows, manicured lawn with flower beds, and a clean sidewalk. The property showcases an inviting entrance with decorative planters and mature trees under a blue sky.

modern three-story brick apartment building with large windows and a central glass entrance surrounded by lush greenery and mature trees under a bright blue sky, featuring a well-maintained lawn and colorful flower beds, located in an urban neighborhood with adjacent residential buildings and bike racks visible

~~$1499~~$1,449/month

Studio · 1 Bath · 423 ft²

140, 146 Jameson Avenue

Toronto, ON · Entire Apartment

bright modern open-concept living room and kitchen with large windows offering city views, sleek stainless steel appliances, minimalist cabinetry, and cozy gray sectional sofa on a patterned rug, featuring wood flooring and track lighting for a stylish urban apartment.

modern high-rise residential building with expansive glass balconies and sleek architectural design, situated in an urban setting with surrounding greenery and city infrastructure, showcasing a blend of glass and concrete materials under a partly cloudy sky.

modern bathroom with a glass-enclosed shower, sleek white countertop, and minimalist fixtures. features neutral beige tiles, clean white walls, and neatly organized shelves with towels and decorative items. bright and tidy space with natural and artificial lighting enhancing the contemporary design.

modern kitchen featuring sleek stainless steel appliances including refrigerator, stove, microwave, and dishwasher. glossy beige upper cabinets contrast with warm wood lower cabinets and drawers. white subway tile backsplash and quartz countertops enhance the clean, contemporary aesthetic. natural light brightens the space through a window with a beige roller shade.

bright and modern living room featuring a large wall-mounted flat screen tv, cozy gray sectional sofa, and floor-to-ceiling windows with city skyline views. minimalist white console table with decorative books and stools complement the light wood flooring and neutral decor, creating a clean and inviting space.

$1,205/month

1 Bed · 1 Bath · 799 ft²

1815 Yonge St

Toronto, ON · Entire Apartment

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bright and stylish living room featuring a plush blush sectional sofa with accent pillows and throw, a sleek black entertainment console with a large flat-screen tv, modern glass coffee tables adorned with sunflowers, and a cozy mustard bench on a gray area rug, complemented by natural light from double windows with dark curtains and contemporary abstract wall art.

bright and cozy living room featuring a large white sectional sofa with decorative pillows, modern abstract wall art, a beige coffee table with books and a laptop, soft neutral curtains, a flat-screen tv mounted on the wall, and a green potted plant, all illuminated by a ceiling light and natural light from classic windows overlooking brick buildings.

bright and cozy bedroom featuring a neatly made bed with a striped comforter and multiple pillows, complemented by soft gray curtains framing a window with a view of a brick exterior. the room includes modern bedside lamps, a small wooden nightstand with books and decorative items, and a minimalist wall art piece depicting a cityscape. clean white walls and wood flooring enhance the room's inviting atmosphere.

cozy bedroom featuring a modern upholstered bed with neutral bedding and accent pillows, complemented by a dark wood nightstand with decorative framed photos and books. the room showcases soft gray walls, a small window with thick curtains, and minimalist abstract wall art, creating a calm and inviting atmosphere.

bright and clean white bathroom featuring a bathtub with a handheld showerhead, a white vanity with sink, a toilet, and a frosted window allowing natural light while ensuring privacy. the tiled walls and floor add a classic touch to this fresh and simple bathroom space.

~~$1599~~$1,450/month

Studio · 1 Bath

1560 Bathurst Street

Toronto, ON · Entire Apartment

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$1,399/month

1 Bed · 1 Bath · 750 ft²

22 Kenmark Boulevard

Toronto, ON · Entire Apartment

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bright and clean kitchen featuring white cabinetry, modern appliances, and wood-style flooring, creating a fresh and inviting cooking space with ample storage and a minimalist design.

bright and clean empty room with polished parquet flooring, large window allowing natural light, and neutral beige walls, offering a versatile living space with a city view from the window

bright and clean bathroom with white tiled walls, a bathtub, a white vanity with sink, and a window providing natural light. simple and functional design offers a fresh and inviting space for daily routines.

bright empty room with polished parquet flooring, multiple white doors including closet space, and large window allowing abundant natural light, featuring a clean and simple aesthetic ideal for personalization and modern living.

~~$1650~~$1,500/month

Studio · 1 Bath · 450 ft²

2356 Eglinton Avenue East

Toronto, ON · Entire Apartment

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$1,500/month

2 Bed · 2 Bath · 918 ft²

105 George St

Toronto, ON · Entire Apartment

About Toronto, ON

With almost half of the population born outside of Canada, Toronto is one of the most multicultural cities in the world. From high-rise condominium towers dominating the Downtown Core to uniquely Torontonian bay-and-gable housing in Old Toronto and pre-war single-family houses in the suburbs, Toronto, Ontario offers a vast array of housing and rental options suitable for everyone in all stages of life.

Known for its gorgeous natural spaces and extensive public transit system, Toronto is consistently ranked as one of the most livable cities. Serving as Canada’s banking and financial capital, the city of Toronto continues to grow with the Greater Toronto Area (GTA) being home to over 6 million people.

Renting in Toronto, ON

Finding cheap apartments under $1500 in Toronto requires research, communication with landlords & property managers, securing references, and signing a lease. All this can add up to a lengthy endeavour if you’re not familiar with how to find an apartment in Toronto. To help you get started, here is a guide with tips for renting in Toronto.

Average Rent in Toronto, ON

What is the average rent in Toronto for cheap apartments under $1500?

The average rent in Toronto, ON for cheap apartments under $1500 will vary on a month-to-month basis. For the latest stats on average rent in Toronto, check out our monthly Toronto rent reports.

Finding cheap apartments under $1500 in Toronto, ON

Since it’s Canada’s most populous city and consistently one of its most expensive, it will be hard to find cheap rentals in Toronto - especially if you’re trying to find a place to rent for under $1000. However, to start your search, you can refer to this guide on the cheapest neighbourhoods for rent in City of Toronto.

In addition to choosing your location, it’s important to know what rental types are available in Toronto (e.g. 1 bedroom apartments, 2 bedroom apartments, 3 bedroom apartments, studio apartments) and the average rent for each property type. Refer below to figure out your options - ranging from furnished rentals and unfurnished rentals to long term rentals and short term rentals.

Toronto Rental Types

There are many rental property types you can choose from in Toronto.

Apartments for rent Toronto

Apartments are the most common form of housing you’ll find in Toronto. Renters should be prepared for higher prices for apartments for rent in Toronto, especially compared to other Canadian cities. Still, diligent renters should be able to find something within their budget in this sprawling metropolis.

Houses for rent Toronto

Though the city is very densely populated, there are quieter areas of Toronto surrounding the city’s downtown where renters may find houses for rent in Toronto. Both partial houses and entire houses for rent are common, with a mix of older and newer homes depending on which part of the city you’re looking in.

Townhouses for rent Toronto

Townhouses are a popular form of housing in Toronto that combines the best qualities of both apartments and whole houses. Typically less expensive than houses, townhouses for rent in Toronto offer an attractive combination of freedom and space, generally coming with your own private yard and entrance.

Basements for rent Toronto

A popular alternative for students, first-time renters and anyone else seeking relatively inexpensive rental housing are basements for rent in Toronto. Since rent prices for apartments and houses can often get too expensive, many renters seek out basements for rent in Toronto as a cheaper alternative. Homeowners often rent out their basements as a way to offset their mortgage payments. This makes it easy for renters to find relatively inexpensive basements for rent in all areas of the city.

Condos for rent Toronto

Particularly in more densely-populated areas like Downtown Toronto, condos for rent in Toronto are often the most common form of rental housing. These types of rental accommodation are perfect for those who like to be in the centre of the action, and don’t need too much space. If you are looking to rent in the city centre though, be prepared for significantly higher monthly rent prices.

Rooms for rent Toronto

Sharing a house or apartment is practically essential for those looking for cheap rent. Rooms for rent in Toronto are a great way to experience the best of the city on a budget, and can offer you the opportunity to live in neighbourhoods that would otherwise be unaffordable.

Special Toronto Rental Types

In addition to choosing your property type, there are also specific rental types you can look into.

Pet friendly rentals in Toronto

Though not every landlord is keen on allowing pets, there are a good number of pet-friendly rentals in Toronto for those with furry friends. Both dog-friendly and cat-friendly rental units are available, as well as properties where both are allowed. Keep in mind that some rental units are available, as well as properties where both are allowed. Keep in mind that some neighbourhoods are better suited to those with pets, and adjust your search accordingly.

Furnished rentals in Toronto

If you’re new to town or just haven’t had a chance to pick up furniture of your own yet, not to worry – there are plenty of furnished rentals available in Toronto. Renters seeking furnished units should search for these units using filters, but do be prepared to pay more in rent. There are pros and cons to renting furnished units compared to unfurnished units, so deciding whether it’s worth it to buy furniture when moving is a good first step.

Short term rentals in Toronto

As Canada's largest city, Toronto has plenty of work opportunities and world-class academic institutions, making it a popular place for those renting on a short-term basis. Short-term rentals in Toronto are exceedingly popular, particularly during the summer months and at the beginning of school semesters. The added flexibility is an appealing prospect for many renters, and a key factor in deciding whether or not short-term rentals are right for you.

Cheap rentals in Toronto

Toronto is famous across Canada for its high rent prices, but if you’re thoughtful in your search, it shouldn’t be too hard to find something within your budget. If you’re looking for cheap rentals in Toronto, ON, try finding a roommate or two and exploring shared housing; or search for rooms for rent. It’s worth noting that there are neighbourhoods in Toronto where rent is considerably cheaper, so exploring these options is a good idea as well.

Toronto Amenities

When you’re searching for cheap apartments under $1500 in Toronto, make sure to look at what amenities are offered. For instance, check to see if the rental includes utilities like air conditioning, cable and internet or features such as a dishwasher, parking, balcony and fridge.

Tip: When looking at listings on liv.rent, scroll down to the "Amenities" section to see what utilities and features are included with the rental.

Living in Toronto, ON

Toronto is a truly world-class city, with easy access to the very best Canada has to offer. For students, schools like The University of Toronto, Toronto Metropolitan University, and York University each draw in tens of thousands each year spread across the city’s various neighbourhoods. For those with families looking to move to Toronto, there are a number of family-friendly neighbourhoods, as well as neighbourhoods that are particularly appealing to pet owners.

Popular Neighbourhoods in Toronto

Toronto is made up of a number of diverse, eclectic neighbourhoods spread across the city’s four administrative districts: Etobicoke-York, North York, Toronto, and East Scarborough. For more about Toronto’s individual neighbourhoods, you can consult this guide on .

Popular Cities Near Toronto

North York apartments for rent

Etobicoke apartments for rent

Scarborough apartments for rent

Mississauga apartments for rent

Vaughan apartments for rent

Richmond Hill apartments for rent

Brampton apartments for rent

Oshawa apartments for rent

Ajax apartments for rent

Markham apartments for rent

East York apartments for rent

York apartments for rent

Hamilton apartments for rent

Kitchener apartments for rent

London apartments for rent

Popular Universities Near Toronto

Apartments for rent near University of Toronto

Apartments for rent near University of Waterloo

Apartments for rent near York University

Apartments for rent near Carleton University

Apartments for rent near Queen's University

Apartments for rent near University of Ottawa

Apartments for rent near University of Toronto (Scarborough)

Apartments for rent near Toronto Metropolitan University

Apartments for rent near Western University

Apartments for rent near McMaster University

Apartments for rent near University of Guelph

Apartments for rent near Brock University

Apartments for rent near Ontario Tech University

Apartments for rent near Wilfrid Laurier University

Local Landmarks in Toronto

Known for its arts scene, sporting events, vibrant nightlife, and cuisines from all nationalities, Toronto has it all. Some of the most iconic landmarks include the CN Tower, Kensington Market, Eaton’s Centre, Yonge Street, Distillery District, Royal Ontario Museum, Rogers Centre, Ripley’s Aquarium of Canada, Toronto Islands, University of Toronto and Casa Loma.

Cheap Apartments Under $1500 Toronto

Search for condos, townhouses, rooms, and houses for rent in Toronto, ON on liv.rent. Finding cheap apartments under $1500 near you has never been easier. Filter your search by price range (great for finding cheap apartments for rent), unfurnished or furnished apartments for rent, pet-friendly rentals, availability, and housing type. Options range from studio apartments and suites for rent to 1 or 2 bedroom apartment and 3+ bedrooms for rent.

Our Toronto rental listings are updated in real-time and are current as of Jul 10, 2026.

Looking for Cheap Apartments Under $1500 in Toronto, ON?

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Cheap Apartments Under $1500 in Toronto, ON

About Toronto, ON

Renting in Toronto, ON

Average Rent in Toronto, ON

What is the average rent in Toronto for cheap apartments under $1500?

Finding cheap apartments under $1500 in Toronto, ON

Toronto Rental Types

Apartments for rent Toronto

Houses for rent Toronto

Townhouses for rent Toronto

Basements for rent Toronto

Condos for rent Toronto

Rooms for rent Toronto

Special Toronto Rental Types

Pet friendly rentals in Toronto

Furnished rentals in Toronto

Short term rentals in Toronto

Cheap rentals in Toronto

Toronto Amenities

Living in Toronto, ON

Popular Neighbourhoods in Toronto

Popular Cities Near Toronto

Popular Universities Near Toronto

Local Landmarks in Toronto

Cheap Apartments Under $1500 Toronto

Looking for Cheap Apartments Under $1500 in Toronto, ON?

Toronto Rental Types

Toronto Rentals by Bedrooms

Toronto Rentals by Amenity

Toronto Rentals by Lease

Toronto Rentals by Price