Cheap Studio Apartments for Rent Toronto, ON
214 Rentals Found
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38 Lambton Avenue
Toronto, ON · Entire Apartment256 Sherbourne Street
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$1,350/month
Studio · 1 Bath 100 Unity Road
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$1,350/month
Studio · 1 Bath 110 Unity Rd
Toronto, ON · Entire Apartment120 Maitland Street
Toronto, ON · Entire Apartment433 Sherbourne Street
Toronto, ON · Entire Apartment140 Wellesley Street East
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1574 Bathurst Street
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1560 Bathurst Street
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2 Units Available
$1,450–$1,450/month
Studio 1570 Bathurst Street
Toronto, ON · Urisha Investments Inc - 1570 Bathurst Street%2Fstatic_files%2Fbuilding%2F40189%2Fbuilding_40189_67b73cd71b3f5.png&w=3840&q=75)
2 Units Available
$1,484–$1,584/month
Studio 2278 Weston Road
Toronto, ON · 2278 Weston Road 3 Units Available
$1,485–$1,750/month
Studio 214 Wellesley Street East
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10 Macey Ave
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$1,499/month
Studio · 1 Bath · 423 ft²140, 146 Jameson Avenue
Toronto, ON · Entire Apartment2356 Eglinton Avenue East
Toronto, ON · Entire Apartment433 Jarvis Street
Toronto, ON · Entire Apartment$1,500/month
Studio · 1 Bath · 200 ft²2808 Keele Street
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55 Triller Ave
Toronto, ON · Entire Apartment137 Isabella Street
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60 Tyndall Ave
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75 Spencer Ave
Toronto, ON · Entire Apartment450 Winona Drive
Toronto, ON · Entire Apartment778 Broadview Ave
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$1,561+/month
Studio · 1 Bath 68 Hillside Dr
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$1,561/month
Studio · 1 Bath · 455 ft²68 Hillside Drive
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87 Jameson Avenue
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$1,575/month
Studio · 1 Bath · 399 ft²2892 St Clair Ave E
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550 Scarborough Golf Club Road
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$1,582/month
Studio · 1 Bath · 410 ft²65 A Hillside Drive
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96 Jameson Avenue
Toronto, ON · Entire Apartment%2Fstatic_files%2Fbuilding%2F55543%2Fbuilding_55543_69aa39c5c6a2c.png&w=3840&q=75)
2 Units Available
$1,599–$1,649/month
Studio 118 Tyndall Avenue
Toronto, ON · Tyndall Tower 2 Units Available
$1,599–$1,699/month
Studio 200 Jameson Ave
Toronto, ON · Sunset Tower 2 Units Available
$1,599–$1,699/month
Studio 47 Spencer Avenue
Toronto, ON · Spencer Apartments 2 Units Available
$1,599–$1,699/month
Studio 91 Jameson Avenue
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40 Tyndall Ave
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300 Eglinton Avenue East
Toronto, ON · Entire Apartment68 Esther Shiner Boulevard
Toronto, ON · Entire Apartment1455 Wilson Avenue
Toronto, ON · Entire Apartment4 Latimer Avenue
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$1,610/month
Studio · 1 Bath · 284 ft²2360 Weston Road
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2 Units Available
$1,625–$1,675/month
Studio 2225 Eglinton Avenue East
Toronto, ON · Merkur, Goldenberg, Hanson - 2225 Eglinton Ave. E.%2Fstatic_files%2Funit%2F114047%2Funit_114047_689827deb8847.png&w=3840&q=75)
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$1,625/month
Studio · 1 Bath · 356 ft²327 Chisholm Ave
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4 Units Available
$1,627.07–$1,649.57/month
Studio 1150 /1200 Kingston Road
Toronto, ON · 1150/1200 Kingston Road82 Warren Rd
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99 Dowling Avenue
Toronto, ON · Entire Apartment 3 Units Available
$1,649–$1,699/month
Studio 50 Burn Hill Rd
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310-312 Lonsdale Rd
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150 Dowling Ave
Toronto, ON · Entire Apartment1 - 48 of 80 buildings
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 studio apartments for rent 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 studio apartments for rent?
The average rent in Toronto, ON for cheap studio apartments for rent 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 studio apartments for rent 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 studio apartments for rent 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
Popular Universities Near Toronto
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 Studio Apartments for Rent Toronto
Search for condos, townhouses, rooms, and houses for rent in Toronto, ON on liv.rent. Finding cheap studio apartments for rent 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 Jun 13, 2026.
Looking for Cheap Studio Apartments for Rent in Toronto, ON?
Looking for a specific type of rental in Toronto, ON? Use our filters below to find your next home.