Cheap Rentals Under $1500 in Toronto, ON
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$120/day
Room90 Glen Everest Road
Toronto, ON · Room in Apartment$1,200/month
RoomGarden Ave
Toronto, ON · Room in House 2 Units Available
$850–$850/month
-- Bed · -- Bath 127 Pears Avenue
Toronto, ON · Pears on the Avenue$1,500/month
Room113 Markham St
Toronto, ON · Room in House$1,200/month
RoomClaver Ave
Toronto, ON · Room in House%2Fstatic_files%2Funit%2F51463%2Funit_51463_647d56f1ae23b.jpg&w=3840&q=75)
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$1,350/week
3 Bed · 2 Bath · 1500 ft²Tollerton Ave
Toronto, ON · Partial House44 Yatesbury Rd
Toronto, ON · Room in HouseAdvertisement
2 Units Available
$155–$210/day
1 Bed – 2 Bed 300 Front St W
Toronto, ON · Front St W18 Graylee Ave
Toronto, ON · Room in Apartment$1,399/month
1 Bed · 1 Bath · 750 ft²22 Kenmark Boulevard
Toronto, ON · Entire Apartment$1,500/month
Studio · 1 Bath · 330 ft²214 Wellesley Street East
Toronto, ON · Entire Apartment$660/month
RoomDundas St E
Toronto, ON · Room in House$900/month
RoomDynevor Rd
Toronto, ON · Room in House 3 Units Available
$145–$260/day
1 Bed – 3 Bed 7 Grosvenor St
Toronto, ON · IMMIXAdvertisement
$139+/day
1 Bed · 1 Bath 30 Nelson St
Toronto, ON · Entire Apartment$190+/day
2 Bed · 2 Bath 30 Nelson St
Toronto, ON · Entire Apartment$135+/day
1 Bed · 1 Bath 140 Simcoe St
Toronto, ON · Entire Apartment 2 Units Available
$135–$199/day
1 Bed – 2 Bed 199 Richmond St W
Toronto, ON · Studio on Richmond$750/month
1 Bed · 1 Bath · 425 ft²561 Sherbourne St
Toronto, ON · Entire Apartment$850/month
1 Bed · 1 Bath · 540 ft²20 Prince Arthur Ave
Toronto, ON · Entire Apartment$135+/day
1 Bed · 1 Bath 295 Adelaide St W
Toronto, ON · Entire ApartmentAdvertisement
Pembroke St
Toronto, ON · Room in House$1,500/month
3 Bed · 1 Bath · 1050 ft²28 Heston St NW
Calgary, AB · Partial Apartment$1,250/month
1 Bed · 1 Bath · 220 ft²19 Terrydale Dr
York, ON · Entire Apartment$950/month
Room3575 Kaneff Crescent
Mississauga, ON · Room in Apartment$750/month
5 Bed · 4 Bath 15 Amherst Dr
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500 Rue De L'Atmosphere
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173 Boulevard Armand-Frappier
Sainte-Julie, QC · Entire ApartmentAdvertisement
$1,350/month
1 Bed · 1 Bath · 475 ft²1022 Zante Cres
Mississauga, ON · Entire Apartment$1,100/month
1 Bed · 1 Bath · 250 ft²141 St
Surrey, BC · Partial House$1,350/month
Room715 Ducklow St
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$1,200/month
Room3375 FIELDSTONE AVE
Vancouver, BC · Room in Townhouse$1,000/month
1 Bed · 1 Bath · 400 ft²20 Gerrard St
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3 Units Available
$1,295–$1,295/month
1 Bed 3331 B - 3331 19 Avenue Southwest
Calgary, AB · B - 3331 19 Avenue Southwest13635 34 St NW
Edmonton, AB · Entire ApartmentAdvertisement
$1,100/month
Room916 Ackerman Ct
Kelowna, BC · Room in House83 A Ave
Surrey, BC · Entire House$1,000/month
Room746 Alderson Ave
Coquitlam, BC · Room in House$750/month
Room55 Amherst Dr
Kitchener, ON · Room in House 2 Units Available
$1,265–$1,325/month
Studio – 1 Bed 10130 117 Street NW
Edmonton, AB · Oliver Place$1,400/month
1 Bed · 1 Bath · 600 ft²204 St
Langley Twp, BC · Entire House$1,100/month
Room7066 Wales St
Vancouver, BC · Room in HouseAdvertisement
$1,050/month
RoomHersham Ave
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$1,453/month
2 Bed · 1 Bath · 850 ft²40 Froom Crescent
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1720 10A Street SW
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$1,181/month
1 Bed · 1 Bath · 550 ft²2701 Coronation Street
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$1,325/month
2 Bed · 1 Bath · 855 ft²615 Confederation Drive
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$1,028/month
Studio · 1 Bath · 450 ft²3 Kleisinger Crescent
Regina, SK · Entire Apartment1 - 48 of 751 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 13, 2025.
Looking for Cheap Rentals Under $1500 in Toronto, ON?
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