These are the 5 cheapest rental listings in Toronto right now

Dec 3 2019, 11:52 am

It should come as no surprise that rent is damn expensive in Toronto.

For the month of October, the average one-bedroom rent reached $2,209, while two-bedrooms hit $2,888, according to a report from the Toronto Real Estate Board.

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

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If you stray from the heart of downtown, you can find some affordable options hidden throughout Toronto.

According to brokerage Zoocasa, there are a number of listings currently well below the average rental price this month, with one rental going for as low as $900 per month.

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

5. #102 – 256 Sherbourne Street: $1,150 per month

#102 – 256 Sherbourne Street/Zoocasa

  • Renovated bachelor suite
  • 1 Bathroom
  • 1 Parking spot
  • Just south of Cabbagetown

4. 8 Sorauren Avenue: $1,095 per month

8 Sorauren Avenue/Zoocasa

  • 1 Bedrooms
  • 1 Bathroom
  • No parking
  • Located in Roncesvalles Village

3. Lower – 68 Lawlor Avenue: $1,050 per month

Lower – 68 Lawlor Avenue/Zoocasa

  • 1 Bathroom
  • Bachelor-style apartment
  • No parking
  • Located in Upper Beaches neighbourhood

2. Basement A – 53 Silvio Avenue: $1,050 per month

BsmtA – 53 Silvio Ave/Zoocasa

  • 1 Bedroom
  • 1 Bathroom
  • 4 Parking spots
  • Minutes from Warden station

1. 88 Lanark Avenue: $900 per month

88 Lanark Avenue/Zoocasa

  • 1 Bedroom
  • 1 Bathroom
  • Basement bachelor-style unit
  • No parking
  • Steps from the new Oakwood subway station

All information is accurate as of December 3, 2019.