These are the 5 cheapest rental listings in Toronto right now

Nov 7 2019, 8:50 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 new 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 look to find some of the cheapest rentals in the city.

If you stray away 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 $800 per month.

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

5. #805 – 3967 Lawrence Avenue East: $1,786 per month

 cheapest rental listings

805 – 3967 Lawrence Ave E/Zoocasa

  • 1 Bedrooms
  • 1 Bathroom
  • 1 Parking spot
  • 700-100 sq. ft.

4. #11 – 425 Jane Street: $1,750 per month

cheapest rental listings

11 – 425 Jane St/Zoocasa

  • 1 Bedroom
  • 1 Bathroom
  • 1 Parking spot
  • 500-599 sq. ft.

3. Main level – 155 Lamb Avenue: $1,475 per month

cheapest rental listings

155 Lamb Avenue/Zoocasa

  • 1 Bedroom
  • 1 Bathroom
  • No parking

3. 47 Major Street: $1,600 per month

 rental listings

47 Major St/Zoocasa

  • 1 Bedroom
  • 1 Bathroom
  • Over 400 sq. ft.
  • No parking

1. #13 – Herzberg Gardens: $800 per month

rental listings

13 Herzberg/Gardens

  • 1 Bedroom
  • 1 Bathroom
  • No parking

These listings are available and accurate as of November 7, 2019