Here are the cheapest rentals available in Toronto right now (PHOTOS)

With a lively entertainment district, an amazing restaurant scene, and a bustling nightlife, Toronto is a pretty great place to live.

But, of course, all of that comes at a price.

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According to an April 2022 report by Rentals.ca Bullpen Research & Consulting, rent for a one-bedroom apartment was down by 1%, while rent for a two-bedroom was down 0.7%. That still comes out to an average monthly rent of $2,023 for a one-bedroom and $2,776 for a two-bedroom, putting Toronto in second place behind Vancouver as the city with the highest average rent.

But with a little perseverance, you can still find some budget-friendly places in the city. Here are five affordable rentals available on Zoocasa.

5316 – 386 Yonge Street – $1,400

Remax Crossroads Realy Inc.

• Sublease
• One bedroom (out of three bedrooms)
• Two bathrooms
• 1,200 – 1,399 sq ft
• No parking
• Other features: gym, rooftop deck/garden,

309 – 4 Greentree Court – $1,420

Harvey Kalles Real Estate Ltd.

• Studio
• One bathroom
• 0 to 499 sq ft
• No parking
• Other features: laundry onsite

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• Look inside: Leaside home that underwent major transformation hits the market
• "Smoker's paradise": Run-down home sells in a day thanks to brutally honest listing (PHOTOS)
• A Look Inside: Toronto home that hosted Drake, Lady Gaga, and The Rolling Stones on the market for $1.2M (PHOTOS)

204 – 256 Sherbourne Street – $1,485

PSR

• Studio
• One bathroom
• 700 sq ft
• One parking
• Other features: newly renovated, laundry onsite

022 – 63 Scarlett Road – $1,550

Real Estate Bay Realty

• One bedroom
• One bathroom
• No parking
• Other features: newly renovated, Juliette balcony, laundry onsite

904 – 251 Jarvis Street – $1,650

Remax Realtron Real Realty Team

• Studio
• One bathroom
• 0-499 sq ft
• No parking
• Other features: in unit washer/dryer, private balcony