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The price range for a studio apartment in Toronto, ON is between $100 and $3,460.
There are 245 studio rentals available on RentCafe. Prices and availability in Toronto, ON were last updated on 11 Nov 2026.
The average Toronto, ON studio apartment size is 294 sq. ft.
Studio apartments in Toronto, ON tend to be more affordable than other apartments and they have lower utility costs.
One of the downsides of living in a studio apartment is the limited storage space.
The bad news is that the hip neighborhoods are typically not the places to look for truly affordable homes for rent, and Toronto, ON is no exception. That is unless you are willing to give up the (real or imagined) benefits of multiple rooms and experience the minimalist simplicity of a small apartment located smack dab in the middle of the action. Leaf through 396 listings with a total of 610 units, and you’ll be sure to find at least a couple of cheap studios that will make you wonder whether having one or two extra rooms is really worth the difference in price and commute time.
In case you’re still wondering, the time and effort put into finding an efficiency apartment does pay off. Literally, and pretty fast too. The Toronto, ON average rent is currently at $1,977, but a single-bedroom apartment in Toronto, ON can be yours for as low as $1,110 per month. While the cheapest bachelor units normally have a small bath and one bigger, multifunctional space (meaning that the hall and the kitchen in the main room, basically), you don’t need to have that if it’s not your thing. You can find plenty of one-room apartments in Toronto, ON with a separate kitchen. These are still well under the price of an apartment with multiple rooms, but slightly more expensive than your average studio, so it’s a good idea to aim for the higher end of the price range. The currently the most expensive studio apartment in Toronto, ON costs a monthly $4,385.
