Cheap Rentals Under $1500 in Toronto, ON
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Most Relevant
$2,400/month
2 Bed · 2 Bath · 1072 ft²378 Esplanade Ave
Harrison Hot Springs, BC · Entire Apartment$2,000/month
2 Bed · 1 Bath · 550 ft²Roper Ave
White Rock, BC · Partial House$3,300/month
4 Bed · 3.5 Bath · 1850 ft²8433 164 St
Surrey, BC · Entire Townhouse$1,695/month
2 Bed · 1 Bath · 650 ft²55 Barnesdale Avenue North
Hamilton, ON · Entire Apartment73 Colborne Street
Kingston, ON · Entire Townhouse$1,800/month
1 Bed · 1 Bath · 800 ft²14 Ripon Road
Toronto, ON · Partial House$2,800/month
2 Bed · 2 Bath · 1000 ft²676 Coxwell Avenue
Toronto, ON · Entire HouseAdvertisement
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2 Units Available
$1,909.99–$2,395/month
1 Bed – 2 Bed 295 Dale Crescent
Waterloo, ON · 295 Dale Crescent 2 Units Available
$1,969–$2,229/month
1 Bed – 2 Bed 351 Eramosa Rd.
Guelph, ON · 351 Eramosa%2Fstatic_files%2Funit%2F104824%2Funit_104824_68a2b46e9e520.png&w=3840&q=75)
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$1,866.23/month
2 Bed · 1 Bath · 839 ft²35 Mowat Boulevard
Kitchener, ON · Entire Apartment%2Fstatic_files%2Fbuilding%2F40154%2Fbuilding_40154_67b7323ec72b7.png&w=3840&q=75)
2 Units Available
$1,954.9–$2,150/month
1 Bed – 2 Bed 36 River Road East
Kitchener, ON · 36 River Road East%2Fstatic_files%2Fbuilding%2F40191%2Fbuilding_40191_67b73d26b1f20.png&w=3840&q=75)
3 Units Available
$1,552.23–$3,068.92/month
1 Bed – 3 Bed 50 Young St
Hamilton, ON · 50 Young St%2Fstatic_files%2Fbuilding%2F40167%2Fbuilding_40167_67b73517d2e8c.png&w=3840&q=75)
3 Units Available
$1,824–$2,439/month
1 Bed – 2 Bed 1425 Block Line Road
Kitchener, ON · 1425 Block Line Road 2 Units Available
$1,968–$2,434/month
1 Bed – 2 Bed 1110 Caven St
Mississauga, ON · 1110 Caven St.Advertisement
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504 Glenelm Crescent
Waterloo, ON · Entire Apartment$2,650/month
2 Bed · 2 Bath · 1152 ft²7837 120 A St
Surrey, BC · Entire Townhouse%2Fstatic_files%2Fbuilding%2F40177%2Fbuilding_40177_67b7382209eaf.png&w=3840&q=75)
2 Units Available
$1,890–$2,236/month
1 Bed – 2 Bed 10 Highland Crescent
Kitchener, ON · 10 Highland Crescent%2Fstatic_files%2Fbuilding%2F40180%2Fbuilding_40180_67b7389b8e6c5.png&w=3840&q=75)
3 Units Available
$1,958–$2,883/month
1 Bed – 3 Bed 220 Ira Needles Blvd
Kitchener, ON · 220 Ira Needles Blvd%2Fstatic_files%2Fbuilding%2F40181%2Fbuilding_40181_67b739ba7e9f6.png&w=3840&q=75)
2 Units Available
$2,076–$2,397/month
1 Bed – 2 Bed 772 Paisley Road, 4 Ryde Road & ...
Guelph, ON · 772 Paisley Road, 4 Ryde Road & 3 Candlewood Drive$2,049+/month
2 Bed · 1 Bath 191 Silvercreek Parkway South
Guelph, ON · Entire Apartment 2 Units Available
$2,126–$2,398/month
1 Bed – 2 Bed 2240 Weston Rd
Toronto, ON · 2240 Weston RoadAdvertisement
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85 McMahon Dr
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238 Doris Ave
Toronto, ON · Entire Apartment%2Fstatic_files%2Funit%2F112053%2Funit_112053_68a2b8a72370b.jpg&w=3840&q=75)
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$5,500/month
3 Bed · 3 Bath · 1399 ft²35 McMahon Drive
Toronto, ON · Entire Townhouse%2Fstatic_files%2Funit%2F112059%2Funit_112059_68a2b8d985e91.jpg&w=3840&q=75)
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28 Interchange Way
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$4,000/month
3 Bed · 2 Bath · 1399 ft²12 Sudbury Street
Toronto, ON · Entire TownhouseAlderside Rd
Port Moody, BC · Entire House 2 Units Available
$2,100–$2,900/month
1 Bed – 2 Bed 115 McMahon Dr
Toronto, ON · Omega on the ParkAdvertisement
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$3,000/month
2 Bed · 2 Bath · 999 ft²3120 Boxford Crescent
Peel, ON · Entire Townhouse$2,200/month
1 Bed · 1 Bath · 725 ft²570 Emerson St
Coquitlam, BC · Entire Apartment$2,280/month
2 Bed · 1 Bath · 700 ft²2327 Bonaccord Dr
Vancouver, BC · Partial HouseSalisbury St
London, ON · Room in House25 Delwood Dr
Scarborough, ON · Entire Apartment$2,050/month
1 Bed · 1 Bath · 422 ft²9228 University Cres
Burnaby, BC · Entire Apartment$2,650/month
3 Bed · 3 Bath · 1800 ft²924 Athenry Ct
Ottawa, ON · Entire TownhouseAdvertisement
$2,300/month
2 Bed · 2 Bath · 699 ft²2909 176 St
Surrey, BC · Partial House$2,000/month
2 Bed · 1 Bath · 700 ft²12th Ave
Burnaby, BC · Partial House$2,950/month
2 Bed · 2 Bath · 839 ft²4783 Dawson Street
Burnaby, BC · Entire Apartment$2,500/month
2 Bed · 1 Bath · 569 ft²145 Columbia St W
Waterloo, ON · Entire Apartment$2,600/month
1 Bed · 1 Bath · 530 ft²5598 Ormidale St
Vancouver, BC · Entire Apartment$2,400/month
1 Bed · 1 Bath · 720 ft²89 Church St
Toronto, ON · Entire Apartment$2,032/month
1 Bed · 1 Bath · 480 ft²1180 Rue de Bleury
Montréal, QC · Entire ApartmentAdvertisement
Holland St
New Westminster, BC · Partial House$1,650/month
1 Bed · 1 Bath · 730 ft²116B Ave
Pitt Meadows, BC · Entire House 4 Units Available
$2,900–$3,100/month
3 Bed 33 Kirknewton Rd
York, ON · Kirknewton Rd20295 Seton Way SE
Calgary, AB · Entire Apartment$7,500/month
6 Bed · 4 Bath · 4300 ft²15447 Columbia Ave
White Rock, BC · Entire House$1,775/month
Studio · 1 Bath · 512 ft²816 Lansdowne Ave
Toronto, ON · Entire Apartment1 - 48 of 2389 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 rentals 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 rentals under $1500?
The average rent in Toronto, ON for cheap rentals 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 rentals 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 Toronto 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 rentals 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 Toronto neighbourhoods.
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 Rentals Under $1500 Toronto
Search for condos, townhouses, rooms, and houses for rent in Toronto, ON on liv.rent. Finding cheap rentals 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 Aug 18, 2025.
Looking for Cheap Rentals Under $1500 in Toronto, ON?
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