Cheap Apartments Under $1500 in London, ON
8 Rentals Found
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$1,414+/month
Studio · 1 Bath 725-745 Wonderland Road South
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939 Western Rd
London, ON · Entire Apartment%2Fstatic_files%2Fbuilding%2F19714%2Fbuilding_19714_cc5ab17e-a5b0-45ac-aadd-b5d085f6c0dc.jpg&w=3840&q=75)
3 Units Available
$1,399–$1,456/month
Studio – 2 Bed 500 Gordon Avenue
London, ON · Gordon Avenue Apartments383 Princess Ave
London, ON · Entire Apartment 2 Units Available
$1,175–$1,500/month
1 Bed – 2 Bed 358 Glebe Street
London, ON · 358 Glebe Street
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About London, ON
London, Ontario has some of the province’s most sought-after addresses for homebuyers and renters alike, and for good reason. London is often referred to as the "Forest City" thanks to its over four million trees and scenic trail-filled parks. The city’s other major draw is the Western University Ontario, one of Canada’s major public research universities that attracts students the world over to its gates.
London, Ontario also has a rental scene as diverse as its community, and there really is a neighbourhood for everyone in this city. More residential areas offer a family-friendly appeal and both condos and single-family homes for rent, while more urban areas and neighbourhoods close to educational institutions primarily focus on townhomes, apartments and rooms for students and young professionals.
Renting in London, ON
Finding cheap apartments under $1500 in London 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 London. To help you get started, here is a guide with tips for renting in London.
Average Rent in London, ON
What is the average rent in London for cheap apartments under $1500?
The average rent in London, ON for cheap apartments under $1500 will vary on a month-to-month basis. For the latest stats on average rent in London, check out our monthly Toronto rent reports.
Finding cheap apartments under $1500 in London, ON
London is an attractive city of Ontario known for its thriving community and diverse housing options. While rental prices in London are generally more affordable compared to Toronto, they have been steadily increasing over time. As a result, finding cheap rentals in London, especially apartments for rent under $1000, can be challenging. However, to initiate your search, you can refer to this guide highlighting affordable neighborhoods in the Greater Toronto Area (GTA) that may offer relatively more budget-friendly rental options.
In addition to choosing your location, it’s important to know what rental types are available in London (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.
London Rental Types
There are many rental property types you can choose from in London.
Apartments for rent London
Apartment buildings, especially low-rise and mid-rise structures, are spread throughout London, Ontario. Apartments for rent in London are especially common near the city center and around the University of Western Ontario and Fanshawe College.
Houses for rent London
There are plenty of houses for rent in London for those with a higher budget, or who have multiple roommates. In more residential areas of the city, both partial houses and entire houses for rent are common – as well as both new builds and older homes from the city’s earlier days. London is also known for an abundance of laneway homes and townhomes within the city, making it easy to find a place to rent that suits your needs.
Townhouses for rent London
Townhouses are increasing popular in London, especially in areas of newer development and in centrally located parts of the city. It combines the best qualities of both apartments and whole houses. Typically less expensive than houses, townhouses for rent in London offer an attractive combination of freedom and space, generally coming with your own private yard and entrance.
Basements for rent London
For those looking to find affordable rental housing in this increasingly expensive city, basements for rent in London pose an attractive alternative. Since house prices are so expensive, homeowners will sometimes 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 London
In more urban areas like Downtown London, there’s been an uptick in condos for rent in London. These types of rental accommodation are perfect for those who like to be in the centre of the action, and don’t need as much space. If you are looking to rent in the city centre though, be prepared for higher-than-average rent prices.
Rooms for rent London
Sharing a house or apartment is practically essential for those looking for cheap rent. Rooms for rent in London 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 London Rental Types
In addition to choosing your property type, there are also specific rental types you can look into.
Pet friendly rentals in London
Though not every landlord is keen on allowing pets, there are a good number of pet-friendly rentals in London 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 London neighbourhoods are better suited to those with pets, and adjust your search accordingly.
Furnished rentals in London
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 London. 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 London
London 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 London 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 London
London, Ontario, is often sought after for its affordable living costs. For those on a tight budget, finding cheap rentals in London, ON, is made easier by considering shared housing or looking for rooms for rent. A practical approach is finding a roommate to share expenses. Additionally, there are specific neighbourhoods in London where rent tends to be more economical, so exploring these areas can yield cost-effective options for potential renters.
London Amenities
When you’re searching for cheap apartments under $1500 in London, 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 London, ON
Living in London, Ontario, offers a balanced lifestyle that bridges the bustling energy of larger cities with the charm of a smaller community. Nestled within Ontario and situated a comfortable distance from Toronto, London provides a more laid-back and affordable living experience, making it particularly renter-friendly. The city appeals to a diverse range of individuals, from students attending its respected universities to families seeking quieter neighborhoods. With a vibrant arts scene, numerous parks, and a growing downtown area, there’s no shortage of activities and entertainment. For those seeking a blend of urban and suburban life without the intensity of Toronto, London is an ideal choice.
Popular Neighbourhoods in London
Like any city, London is made up of smaller neighbourhoods with their own distinct features. Some of the most popular neighbourhoods include Downtown London, Old East Village, Masonville, Byron, Hyde Park, Whitehills, Oakridge, and Westmount.
Popular Cities Near London
Popular Universities Near London
Local Landmarks in London
London is a history buff’s dream and has tons to offer those looking to learn a bit more about the community’s origins. For esteemed architecture, take in the University of Western Ontario’s stunning campuses, or St. Peter’s Basilica Church. If you’re trying to get closer to London’s famed natural beauty, stroll through the expansive Springbank Park or head up to Boler Mountain in the winter for great skiing and snowboarding.
Cheap Apartments Under $1500 London
Search for condos, townhouses, rooms, and houses for rent in London, 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 London rental listings are updated in real-time and are current as of Jun 6, 2026.
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