These Are Some Of The Cheapest Spots To Rent An Apartment Outside The GTA Right Now

If you want affordable city living, these spots are a good place to start.

Toronto Staff Writer
These Are Some Of The Cheapest Spots To Rent An Apartment Outside The GTA Right Now

A new report from liv.rent is helping Ontarians find affordable rent outside the GTA, and you don't even have to move to the middle of nowhere.

According to the rental platform, some of the cheapest cities outside the Toronto area include London, Hamilton, Kitchener, and Niagara, with one-bedroom apartments going for as low as $1,196.

Niagara Falls was the most affordable area listed, with surprisingly low rates for unfurnished two-bedroom units at an average of $1,334 per month, and three-bedroom units at $2,445 per month. These are much cheaper than unfurnished units in Toronto, which average out to $2,453 and $2,617 per month, respectively.

Trailing right behind is London, Ontario, where the average rent for an unfurnished one-bedroom apartment is $1,255 per month, with a two-bedroom apartment going for $1,819 and a three-bedroom going for $2,611.

Meanwhile, the average rents of one-bedroom apartments in Kitchener and Hamilton, which are located just outside the GTA, are at higher rates of $1,591 and $1,386 per month, respectively — which is still nowhere the 6ix.

However, it's worth noting that the Greater Toronto Area has seen rental rates drop this month after spiking in December.

"Prices have largely returned to more normal levels in key areas, led by sweeping drops in rental averages in Downtown Toronto itself," liv.rent states in their report.

In December, the Zumper Canadian Rent Report, a study that monitors rental data from the 24 most populated metropolitan areas in Canada, also singled out London and Hamilton among the cheapest spots to rent in Ontario, alongside St. Catharines in the Niagara region, Kingston and Windsor.

Narcity Surveys 📋

Comments 💬

Our comment section is a place to promote self-expression, freedom of speech and positivity. We encourage discussion and debate, but our pages must remain a safe space where everyone feels comfortable and the environment is respectful.

In order to make this possible, we monitor comments to keep spam, hate speech, violence, and vulgarity off our pages. Comments are moderated according to our Community Guidelines.

Please note that Narcity Media does not endorse the opinions expressed in the comment section of an article. Narcity Media has the right to remove comments, ban or suspend any user without notice, or close a story’s comment section at any time.

First and last names will appear with each comment and the use of pseudonyms is prohibited. By commenting, you acknowledge that Narcity Media has the right to use & distribute your content across our properties.

If you're looking for a unique place to call home and are an environmentally conscious buyer, this dome home for sale in Ontario is a great find.

This monolithic home is made of painted concrete walls featuring three bedrooms and three bathrooms, located west of the city of Ottawa.

Keep Reading Show less

You can wake up to the sound of waves every day at this dreamy Ontario beach house for sale.

Located on the shores of Lake Erie in Essex, the three-bedroom home comes with its own private beach and is listed at $799,900.

Keep Reading Show less

Finding a cheap place to rent in Ontario isn't always easy. However, there are some spots around the province where your money will get you a lot more bang for your buck.

In fact, according to Rentals' January 2022 Rent Report, a reasonably-priced haven has popped up in the notoriously expensive area of the GTA.

Keep Reading Show less

Live out your minimalist dreams and escape reality with your friends, at this little house for sale in Ottawa, Ontario.

This small home is part of a community of tiny houses in the sub-city of Carp, and it only costs $99,000 to buy.

Keep Reading Show less