Toronto has the highest average rent across Canada for the sixth month straight, according to a national rent report by Rentals.ca. A one bedroom now has a price tag of $2,231, while a two bedroom costs $2,735.
READ: 4 In 10 Canadians Are Stretching Their Finances Thin To Afford Rent
But just because Toronto has high rental rates doesn’t mean you can’t find more affordable units in the city. Rentals for under $1,000 do exist, but you’ll have to be willing to compromise on the amenities and be open to settling for a basement unit.
Here, we teamed up with Zoocasa to find the 8 cheapest rentals on MLS in the City of Toronto between May 14 and June 14, 2019. Check them out below!
1. 42 St. Dunstan Dr., Scarborough — $800/month
All photos courtesy of Zoocasa
Bedrooms: 0Bathrooms: 2
Parking: 3
This ground-floor bachelor unit is simple, but it does the trick. The home’s natural light is a big draw, as is its prime location. It’s a five-minute walk from Victoria Park subway station and very close to grocery stores, parks and more!
2. Bsmt - 56 Mcinnes Cres., Scarborough — $899/month
Bedrooms: 1Bathrooms: 1
Parking: 1
This basement apartment has its own separate entrance so you have complete privacy. The unit has an open-concept layout with two windows above grade. This "modern" listing has just been freshly painted and is move-in ready.
3. Lower A - 4 Valhalla Blvd., Scarborough — $900/month
Bedrooms: 0Bathrooms: 1
Parking: 0
This newly-renovated bachelor unit is perfect for a student or young professional trying to save money. Located in the Birch Cliff area, this home is close to parks, transit and Lake Ontario. And did we mention the rent includes utilities?
4. Lower - 360 East Ave., Scarborough — $1,000/month
Bedrooms: 1Bathrooms: 1
Parking: 1
If you’re looking for an apartment near Centennial College or U of T’s Scarborough campus, then this is the place for you. This bungalow unit in West Rouge was recently renovated. It has all new appliances and laundry on site. Heat and hydro are also included!
5. Lower - 1792 Dufferin St. — $1,000/month
Bedrooms: 0Bathrooms: 1
Parking: 2
This open-concept apartment comes with a separate entrance and a large living and dining space. It's located in Corso Italia, which is an ideal spot for those who don't want to live in the downtown core, but want to be able to easily commute from it.
6. 1 Lower - 217 Glenwood Cres., East York — $1,025/month
Bedrooms: 1Bathrooms: 1Parking: 0
This junior one bedroom has enough space for anyone to live comfortably. Laundry is shared, but the tenant has their own fridge and stove. Located in the Woodbine Gardens area, this unit is close to both transit and shopping.
7. 27 Howard St. — $1,100
Bedrooms: 1Bathrooms: 1
Parking: 0
This cozy studio is located in a great spot near Bloor and Sherbourne subway stations. Students will appreciate that it’s close to the University of Toronto and George Brown College. Grocery stores, shops and restaurants are also only a convenient walk away.
8. 55 Ladner Dr. — $1,100
Bedrooms: 1Bathrooms: 1
Parking: 1
This one-bedroom unit is located in the coveted area of North York. Although it has a shared kitchen and laundry room, it has a four-piece bathroom and a large living space. The apartment is also very close to the TTC, Victoria Park, schools, shopping, and more.
