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cheap apartments for rent

Points2HomesIn the competitive landscape of the Toronto housing market, finding an affordable and rent-controlled apartment can feel like searching for a needle in a haystack.

However, we've curated a list of cost-effective options that are sure to catch your attention. These current listings are a selection of one-bedroom apartments in Toronto, all falling within the budget-friendly range of $1,500 to $1,900.

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The cost of living in Ontario has been on most people's minds lately, from the average going rate of an apartment for rent to the cost of groceries, and it's no surprise that people are searching for money-saving solutions.

However, some aren't impressed by an Ontario landlord's move to try and raise their tenant's rent above the maximum increase for 2023 and blame it all on interest rates in Canada.

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If you were brave enough to move into a Toronto apartment during the height of the COVID-19 pandemic, you might be lucky enough to score one of the many lucrative deals buildings were suddenly offering.

Deals ranging from free rent to complimentary gift cards flooded the city's rental market as landlords tried to fill vacant units during Ontario's first lockdown. And, while fewer of those deals are floating around in 2023, some can be found.

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With some bachelor apartments in Toronto renting for upwards of $2,300, finding a unit listed for less than $1,000 per month seems nothing short of a miracle.

Well, a recent Craigslist posting is offering up an unspecified number of "European-style boutique" bachelor units starting at just $999, including hydro, heat, and hot water.

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There's still hope, renters! The cost of rent in Canada is on the up across the country, but there are still a few places where it's below $1,000 a month.

According to a new report by Rentals.ca, rent prices are rising across Canada and are nearly back up to the pre-pandemic high of September 2019.

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