Earlier this year, it was projected that Toronto’s rental market would remain “tight,” with monthly rent expected to rise 7%.

Last month, Toronto took the top spot for the most expensive rent in the country, with a one-bedroom now averaging $2,300.

But don’t let this discourage you from entering the rental market, because there are still some listings in the GTA that won’t cost you a small fortune — you just need to know where to find them.

• See also:
  • The average cost of rent in Canadian cities for February (MAP)
  • Monthly rent in Toronto expected to rise 7% in 2020: report

According to Zoocasa, there are a number of listings currently well below the average rental price this month, all listed at $900 per month.

But… they are generally small, studios, and in lower levels or basements.

Read on to see the five cheapest rentals currently available in the city.

5. Basement – 249 Burnhamthorpe Rd: $9o0 per month

Bsmt – 249 Burnhamthorpe Rd / Zoocasa

• 1 Bedroom
• 1 Bathroom
• 1 parking
• TTC at door, 4 min drive to Kipling subway

4. Basement #2 – 40 Mcclure Cres: $900 per month

Basement #2 – 40 Mcclure Cres/ Zoocasa

• 1 Bedroom
• 1 Bathroom
• No parking
• Listed as a newly renovated basement apartment with “larger windows”

3. Basement – 47 Benary Cres: $900 per month

Basement – 47 Benary Cres / Zoocasa

• 2 Bedrooms
• 1 bathroom
• 3 parking
• Listed as having “above ground windows” and being close to Centennial College

2. Basement – 18 Nanaberry Street: $900 per month

Basement – 18 Nanaberry Street/ Zoocasa

• 1 Bedroom
• 1 Bathroom
• 1 parking
• Basement apartment with separate entrance, listed as “bright and spacious”

1. 360 East Avenue: $900 per month

360 East Avenue / Zoocasa

• 1 Bedroom
• 1 Bathroom
• 1 parking
• Listed as a newly renovated apartment that is perfect for students

All information is accurate as of March 4, 2020