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Read MoreThe 9 Lowest Rental Neighbourhoods in Toronto [2022]
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If you’re looking for an affordable place to rent in Toronto, you may have to get creative. The city is known for its high rental prices, but there are still some pockets of the city where you can find relative bargains.
If you’re on the hunt for a new place to call home and want to keep your rental costs low, here are nine of the most affordable neighbourhoods in Toronto. From cozy apartments to family-friendly homes in the suburbs, there’s something for everyone on this list.
So whether you’re a student, a young professional, or a family of four, you can find an affordable place to call home in Toronto.
Summary
How We Chose The Best Low Rental Neighbourhoods in Toronto
- Selections: We chose locations with great scenery, convenient grocery shopping, restaurants, and transit all nearby.
- Price: We chose locations with reasonable rental costs with amenities that will be worth what you paid for.
- Customer Reviews: We included customer reviews to check that past customers had a positive experience in the area, and that they found everything they needed there.
The Best Neighbourhoods in Toronto for Low Rent
1. Mimico - New Toronto

Mimico is the entry point to Toronto’s west-end waterfront communities. This well-established town is well-known for its picturesque lakefront parks and superb leisure amenities.
Mimico is a short drive from downtown Toronto and has its own Go Transit train station on Royal York Road. This community is filled with green space and is located in the southwest section of Toronto on Lake Ontario, with an average rent of $820 per month.
It is ideal for individuals or families seeking a balance between nature and city life. It’s also a short drive from downtown Toronto.
This neighbourhood contains a wide range of housing types, including condos, detached houses, townhouses, and apartments. A new Mimico-Go Station is now being built in the region, making it easier to explore the city in minutes.
Review Highlights:
Pros & Cons
Pros | Cons |
Grocery selections fromNo Frills near Mimico and Royal York. Long Branch Sobeys offers a fantastic flower store. | Area can get a bit noisy at times |
Humber River trail nearby |
2. Rexdale

Rexdale is a tranquil community that is home to Humber College’s north campus, which has a huge arboretum and parks with fields and forested paths along the West Humber River.
In addition, there are multiple conference centres, horse racing at Woodbine Racetrack, and the Woodbine Mall, which features the indoor Fantasy Fair entertainment park. The food scene is diversified, including Indian, Caribbean, and Somali options.
Rental costs in the area north of Rexdale Boulevard and south of West Humber River Valley, between Highway 27 and Islington Avenue, average $887 per month.
Rexdale is a peaceful small neighbourhood next to the Rexdale Commercial Centre, Woodbine Mall, and the Woodbine Race Track. All commercial and shopping establishments, such as the Rexdale Shopping Mall, are conveniently located nearby, making food shopping a breeze!
This is a little town with people from many walks of life, yet it is still quite tranquil and family-oriented. Small parks and pieces of wildlife can also be found here.
Review Highlights:
Pros & Cons
Pros | Cons |
Convenient grocery stores and shops nearby | TTC not being as good |
Great parks and establishments |
3. Keelesdale - Eglinton West

Keelesdale-Eglinton West is a community located south of Eglinton on Black Creek Drive and Eglinton Avenue West. Residents can choose to enjoy the lively scene along Eglinton Ave. W or to seek peace and quiet on side streets.
There are several areas of commerce, restaurants, and stores that are frequently crowded with people. There are also a variety of housing styles in the region, including townhouses, condominiums, apartments, bungalows, and two-story residences.
Residents have access to some of the city’s lowest rentals and enjoy prices for families and individuals that start at $897 per month!
Review Highlights:
Pros & Cons
Pros | Cons |
It is walkable, groceries are quick and inexpensive, and there are several bakeries and cafes. | Expect a longer commute near financial district |
Able to find well priced condo |
4. Guildwood Village, Scarborough

Guildwood Village is a scenic lakefront suburb located on Kingston Road near the Scarborough Bluffs so it’s great for those who enjoy nature as well.
You’ll discover detached and semi-detached rancher style Guildwood houses for rent with attractive yards and gardens. Guildwood condos for rent are made up of modern mid-rise condo projects with beautiful views.
In comparison to city norms, the rent in this neighbourhood is fairly inexpensive. If you don’t mind using public transportation or driving to your destination, this Toronto neighbourhood has a lot to offer. Housing rates start at $950 per month and include a variety of sceneries.
Not to mention, Guildwood is served by the Guildwood GO station if you prefer to commute by train. The trip from Guildwood to Union takes around 20 minutes and it is convenient for students at the University of Toronto to take the bus or drive to the Scarborough campus in the same amount of time!
Just as Scarborough’s natural beauty attracts people from a wide range of origins, lifestyles, and nationalities, so does this small “town” that yearns for something more suburban or outdoorsy.
Review Highlights:
Pros & Cons
Pros | Cons |
Close to a lot of trails and parks | TTC delays |
GO station nearby |
5. Weston

Weston is located in the northwest of the city, south of Highway 401, north of Eglinton Avenue, east of the Humber River, and west of Jane Street.
Weston features a vast collection of Victorian-style residences from its days as a hamlet in the mid to late 1800s. These Victorian style homes, as well as several early 1900 Edwardian style homes, may be seen south of Church Street and the Humber Memorial Church Hospital.
The average rental price is $960. Weston, was formerly a “village” that was absorbed into Toronto in 1998, is the area’s commercial hub, home to numerous local companies and services.
Review Highlights:
Pros & Cons
Pros | Cons |
Great access to 401 or 400 highway | Some area needs investments for improvement |
Nearby GO Station |
6. Black Creek

Black Creek Village, located in the Jane and Finch area of the city, is a diverse community with a predominantly Jamaican, Vietnamese, and Italian population.
Black Creek is dominated by multi-story apartment complexes, with a few homes and townhouses spread throughout. The concentration increases towards the more residential Brookhaven-Amesbury, where lovely mature trees line the calm lanes.
This area of Toronto is popular with families since the rent is lower than in other sections of the city. Renters should expect to spend $1,011 per month on average. For 1 bedroom it is $912, 2 bedroom is $1068 and 3 bedroom is $1297. Also, studio or bachelor is around $800.
The cost of housing in Black Creek is significantly lower than the city’s average. Tenants can discover affordable rental prices for Black Creek apartments for rent with one to three bedrooms and balconies. Also, Brookhaven-Amesbury has a plethora of low-rises and Black Creek homes for rent.
Review Highlights:
Pros & Cons
Pros | Cons |
Lots of coffee shops, restaurants, services | Hard to find quality jobs around here |
7. East York

For individuals on a limited budget, Toronto’s East York neighbourhood is one of the greatest places to rent. East York is located northeast of Danforth Avenue and the DVP.
While the city has long been noted for its senior population, its demographics are shifting. This place is home to some of Toronto’s most prominent families, as well as a large number of immigrants. It is ideal for those searching for room and size that they won’t find in the core, as well as newcomers looking for a taste of home.
Younger families continue to relocate into the neighbourhood, owing in part to the area’s low rents, which average $1,082 per month.
Furthermore, it is also home to the famed Danforth, has a plethora of wonderful food, which comes alive each summer with the Taste of the Danforth event.
Chorley Park, a dog-friendly green park established on a former historical site, is located near Governor’s Bridge. Leaside has superb schools and big-box retail that you won’t find anywhere else in the city’s eastern outskirts.
Review Highlights:
Pros & Cons
Pros | Cons |
Dog friendly green park | Not a place for those who want to be in the heart of Toronto |
Lots of fun events and festivals(Taste of Danforth) |
8. Scarborough City Centre

Scarborough City Centre is conveniently located between Highway 401 to the north, Ellesmere Rd. to the south, Markham Rd. to the east, and Midland Ave. to the west, offers a variety of job options for people.
You’ll notice that this neighbourhood features high-rise apartments linked with malls, industrial, and commercial areas. The neighbourhood provides some lower cost than living downtown. Due to the tiny size of the neighbourhood, apartments can be difficult to find, but you may be able to find a one or two-bedroom apartment for rent in Scarborough City Centre.
The Scarborough region has a diverse range of services, ranging from modest cafés to international cuisine and businesses of various kinds. Residents can expect a lower average monthly rent of $1,067 in one of the GTA’s major commercial areas.
Review Highlights:
Pros & Cons
Pros | Cons |
Accessible commute options with proximity to the 401 | TTC delays happen often |
Lots of grocery stores, malls, over 230 retailers within reach |
9. Liberty Village

As Toronto grows, there is a greater demand for residential places, and Liberty Village is one of these. This community, which is made up of condominiums and flats, is popular among individuals who want to get away from the hectic lifestyle of the downtown centre.
It is merely a 10-minute drive away for individuals who need to work downtown. If you’re searching for things to do in the vicinity, there are a lot of cafés, restaurants, and stores to satisfy your requirements without having to venture into the centre.
With an average listing price of $1,671, this town is one of the more inexpensive locations. There are currently just four rentals available in this location, but more are on the way.
Not to mention, rents at Liberty Village’s east end which is closer to downtown, are typically $150 to $200 per month more than in the neighbourhood’s west end. There are also several Liberty Village properties for rent scattered across the neighbourhood.
Review Highlights:
Pros & Cons
Pros | Cons |
Closer to Lakeshore/Gardiner | Far from the subway |
You’ll almost never need to leave the region for amenities or socializing (restaurants, pubs, activities) |
FAQs About Toronto Neighbourhoods
Conclusion
If you’re looking for low rental neighbourhoods, look no further than the list of 9 best low rental areas in Toronto above! These neighbourhoods are ideal for young families and with amazing parks, trails, greenery, views of lakes, and convenient transit.
Along with easily accessible grocery stores, restaurants, malls, schools and much more! These rental prices can range from $800 to $1200+ so be sure to check out these areas today!
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