Here are the cheapest rentals available in Toronto right now (PHOTOS)
Rent in Toronto has risen by more than $200 in the last month, making it even harder to find an affordable place to live in the city.
According to recent data from Rentals.ca and Bullpen Research & Consulting, the average rent in Toronto hit $2,691 in July, up from $2,463 in June.
The average one-bedroom in the city now costs $2,257 per month — a 4% jump from June — while a two-bedroom runs $3,259, a monthly increase of 7.8%.
Overall, the average rent in Toronto is 24% more expensive than it was in July 2021.
However, if you’re willing to share a kitchen, forgo parking, or don’t mind being outside the downtown core, you can still find a place to live in the city for well under $2,000.
Here are five of the cheapest rentals currently available in Toronto, courtesy of Zoocasa.
1. 2nbed – 179 Oakwood Avenue | $1,350
- 1 bedroom
- 1 bathroom
- 1 parking
One private bedroom and bathroom are for rent in this St. Clair Village home. The shared main floor features nine-foot ceilings, an open-concept kitchen with quartz countertops, and plenty of storage. There’s also a bonus loft space.
2. Lower – 1951 Dufferin Street | $1,390
- 1 bedroom
- 1 bathroom
- No parking
This basement unit is furnished and features an eat-in kitchen and private laundry. It’s located within walking distance of shops, parks, and transit. The tenant is responsible for snow removal on the side pathway.
- You might also like:
- The average rent in Toronto just rose $228 in one month
- 5 tips for finding a rental apartment in a competitive market
- Nearly 300 condo listings have already been terminated in the GTA this month
3. 179 Drayton Avenue | $1,600
- 2 bedrooms
- 2 bathrooms
- Street parking available
The third floor of this East Danforth townhouse is up for rent. The space features a private bedroom, bathroom, and living space or second bedroom, while the main floor kitchen and laundry are shared with the landlord, who occupies the second floor.
4. 1319 – 38 Monte Kwinter Court | $1,800
- 1 bedroom
- 1 bathoom
- No parking
This brand new one bedroom features an open concept layout with a balcony. Sunny and stylish, it has modern finishes, laminate flooring, an eat-in kitchen with quartz countertops, and ensuite laundry. The master bedroom has a large closet and floor-to-ceiling windows.
5. a – 1037 Coxwell Avenue | $1,850
- 2 bedrooms
- 1 bathroom
- No parking
This two-bedroom unit has been completely renovated and features a new three-piece bathroom with a skylight, new light fixtures, and vinyl flooring. It’s located near shops, transit, parks, and Michael Garron Hospital.