Mobile sign in image
Sign in
EN - Real Estate

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

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.

Stay Informed
Get Toronto's latest and greatest stories every day straight to your inbox.

Toronto real estate might as well be a dirty word at this point, and judging by the most recent data, things aren't getting any better.

On October 5, UBS Global Real Estate Bubble Index 2021 revealed that the city now has the "second-largest real estate bubble risk in the world," beating out top another contender, Vancouver, by a significant margin.

Keep Reading Show less

Toronto rent prices are slowly going back up after declining during the COVID-19 pandemic, and it could be time to start packing your bags.

According to Rentals.ca, the average price of a one-bedroom apartment in the 6ix is currently just under $2,000, which is down 2.9% compared to the same period last year. However, overall rent, which is $2,181, is up 6.7% from the second quarter of 2021.

Keep Reading Show less

Toronto Is Looking At Vaccinating People In High-Risk Situations Regardless Of Age

Mayor Tory said the city was thinking of more "targeted approaches."

Mayor Tory announced that Toronto's vaccination rollout could be changed to prioritize risk as well as age.

Speaking to CP24 on Monday morning, Tory said that the city is interested in more "targeted approaches" for people in high-risk work settings and neighbourhoods.

Keep Reading Show less

If you've ever put up Christmas lights, chances are you've left them up a bit longer than you should. 

Well, lucky for you, Toronto City Hall is encouraging us to all leave our holiday decorations up until the end of January. 

Keep Reading Show less