Please complete your profile to unlock commenting and other important features.

User AvatarBuild your avatar
Please select your date of birth for special perks on your birthday. Your username will be your unique profile link and will be publicly used in comments.
Narcity Pro

This is a Pro feature.

Time to level up your local game with Narcity Pro.

Pro

$5/month

$40/year

  • Everything in the Free plan
  • Ad-free reading and browsing
  • Unlimited access to all content including AI summaries
  • Directly support our local and national reporting and become a Patron
  • Cancel anytime.
For Pro members only Pro
Summary

The Cheapest Rent In Toronto Can Now Be Found In These 8 Neighbourhoods

Time to start packing your bags.

The Cheapest Rent In Toronto Can Now Be Found In These 8 Neighbourhoods
Atomazul | Dreamstime
Contributing Writer

Finding spots with the cheapest rent in Toronto is a difficult task that isn't getting any easier. However, you can save yourself a struggle if you know where to look.

According to Toronto Rentals, the two biggest factors that come into play when looking for an affordable apartment are the neighbourhood in which it is located and the number of bedrooms.

At the moment, the eight cheapest neighbourhoods in the 6ix for the average rent of a one-bedroom are:

  • South Parkdale: $1,647
  • Cabbagetown- South St. James Town: $1,655
  • Dovercourt Park: $1,657
  • North St. James Town: $1,692
  • Humewood- Cedarvale: $1,706
  • Wallace Emerson: $1,718
  • Little Portugal: $1,743
  • Yonge-Eglinton: $1,745

Currently, the cheapest average rent across all units is $1,227 in Wallace Emerson for a studio apartment.

The most expensive average rent is $3,972 at Rosedale-Moore Park for a three-plus-bedroom.

From Your Site Articles
toronto rent prices
TorontoCanadaReal EstateReal Estate

Explore this list   👀

    • Patrick John Gilson

      Contributing Writer

      Patrick John Gilson (he/him) is a Contributing Writer with Narcity Media. He is a pro at ensuring his content is both exciting and tailored to millennials. He specializes in breaking news and investigative stories that require him to be on scene— something he enjoys and thrives in.

    Here's what $1,900 in rent gets you in 11 Toronto neighbourhoods and the range is wild

    Which spot would you pick? 👀

    Here's what salary you need to afford rent in Toronto vs. other GTA spots in 2025

    Three spots are actually MORE expensive than Toronto. 😳

    Rent in Canada is starting to rise again — but these cities have sneaky deals

    The six-month downward trend is officially over. 🥲

    Toronto rent is finally getting cheaper and maybe there's hope for us after all

    Rents are down across the GTA from this time last year. 📉

    Minimum wage is going up across Canada soon — but one province is getting left behind

    It could mean a raise of over $1,600 a year! 💸

    Statistics Canada is hiring for census jobs that pay up to $131,000 but you need to apply soon

    Application deadlines are approaching for some 2026 census jobs.

    One of 'Canada's best spots to live' is this little seaside town with sparkling views

    Time for a getaway?

    Canadians were ranked among the world's 'smartest' people... and left Americans in the dust

    Well, this is embarrassing. 🤭

    This BC small town with charming streets ranked as one of Canada's 'top travel destinations'

    The perfect weekend escape awaits you here.

    Canadians say they don't buy these grocery items anymore because prices are too expensive

    "I've cut back on everything."

    Lotto Max winning numbers for Tuesday, September 2 are out and there's a $40 million jackpot

    It's time to check your tickets!

    A fall weather forecast for BC and Alberta is out and reveals when things get 'very cold'

    Say goodbye to summer. 🍂

    Ontario Trillium Benefit payments for September go out soon — Here's how much you can get

    More government cash is headed to Ontarians next week. 💵

    This Ontario gem with waterfront towns and beaches is one of Canada's 'best' spots to live

    It has "large" homes "priced much lower" than major Canadian cities.