Here are the 5 cheapest rentals available in Toronto right now

If you’re looking to live in Toronto but want to stick to a tighter budget, then checking out some of the city’s cheapest rentals may be of interest.

Rental prices in Toronto are on the rise after a steep decline during the pandemic that bottomed out earlier this year. But, thankfully, there are still plenty of affordable (for Toronto, anyway) rentals out there.

And although many of them are basement units or extremely cosy studios or even both, that’s not necessarily all you’re limited to when it comes to budget-friendly living.

To get an idea of what’s available, and how much it costs, here are five of the cheapest rentals currently listed on the Toronto market, rounded up courtesy of Zoocasa.

57 Cowan Avenue – $1,000

• Studio
• 1 bathroom
• 0-499 sq ft
• No parking
• Fourth floor, shared backyard patio

3465 Lake Shore Boulevard West – $1,100

• Studio
• 1 bathroom
• 1 parking
• Recently renovated, shared laundry

287 Gamma Street – $1,150

• Basement studio
• 1 bathroom
• 1 parking
• Shared laundry

 

• See also:
  • Toronto townhouse sells $450,000 over asking in just three days
  • 10 Toronto homes on the market for less than $400,000
  • Former Ontario courthouse with its own jail is on the market for $229K

676 Huron Street – $1,195

• 1 bedroom
• 2 bathrooms
• No parking
• Basement unit, shared outdoor space

127 Ascot Avenue – $1,200

• 1 bedroom
• 1 bathroom
• No parking
• Basement unit, newly renovated, close to St. Clair West