Time to start packing your bags.
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.
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.