Here are the 5 cheapest rentals available in Toronto right now
![Here are the 5 cheapest rentals available in Toronto right now](https://dpdajlq3ew794.cloudfront.net/20210903135223/127-ascot-1.jpeg?format=auto&width=1920)
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
![toronto cheapest rentals](https://images.dailyhive.com/20210903133937/57-Cowan.jpeg)
Century 21 Leading Edge Realty
- Studio
- 1 bathroom
- 0-499 sq ft
- No parking
- Fourth floor, shared backyard patio
3465 Lake Shore Boulevard West – $1,100
![toronto cheapest rentals](https://images.dailyhive.com/20210903133949/3465-lake-shore.jpeg)
Royal Lepage Porritt Real Estate
- Studio
- 1 bathroom
- 1 parking
- Recently renovated, shared laundry
287 Gamma Street – $1,150
![toronto cheapest rentals](https://images.dailyhive.com/20210903133944/287-Gamma.jpeg)
RE/MAX Real Estate Centre Inc.
- Basement studio
- 1 bathroom
- 1 parking
- Shared laundry
- See also:
676 Huron Street – $1,195
![](https://images.dailyhive.com/20210903133946/676-hhuron.jpeg)
Harvey Kalles Real Estate
- 1 bedroom
- 2 bathrooms
- No parking
- Basement unit, shared outdoor space
127 Ascot Avenue – $1,200
![toronto cheapest rentals](https://images.dailyhive.com/20210903133940/127-ascot.jpeg)
RE/MAX Hallmark DG Group Realty
- 1 bedroom
- 1 bathroom
- No parking
- Basement unit, newly renovated, close to St. Clair West