Apartments for Rent in Toronto, ON under $500
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Studio $130Base rent1 SPRINGHURST AVE., TORONTO, ON M6K 1A8Pet friendly
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1 bd $240Base rentPARKING - 125 BLUE JAYS WAY, Toronto (Waterfront Communities), ON M5V0N5
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Studio $250Base rent609 AVENUE ROAD, Toronto (Yonge-St. Clair), ON M4V2K3
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Studio $150Base rent3091 DUFFERIN STREET, Toronto (Yorkdale-Glen Park), ON M6A0C4
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Studio $300Base rentB-33 - 308 JARVIS STREET, Toronto (Church-Yonge Corridor), ON M5B0E3
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Studio $250Base rentPARKING - 195 MCCAUL STREET, Toronto (Kensington-Chinatown), ON M5T0E5
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Studio $250Base rentPK09 - 25 BEDFORD ROAD, Toronto (Annex), ON M5R2K1
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Studio $350Base rentPARKING AND LOCKER - 100 DALHOUSIE STREET, Toronto (Church-Yonge Corridor), ON M5B0C7
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Studio $200Base rent225 SUMACH STREET, Toronto (Regent Park), ON M5A0P8
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Studio $250Base rent5 ST. JOSEPH STREET, Toronto (Bay Street Corridor), ON M4Y1J6
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Studio $300Base rentPARKING @P1 - 425 FRONT STREET E, Toronto (Waterfront Communities), ON M5A0X2
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Studio $250Base rentPARKING - 15 GRENVILLE STREET, Toronto (Bay Street Corridor), ON M4Y0B9
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Studio $200Base rentP2 - 770 BAY STREET, Toronto (Bay Street Corridor), ON M5G0A6
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Studio $180Base rent30 OLD MILL ROAD, Toronto (Kingsway South), ON M8X0A5
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Studio $280Base rentP2 07 - 220 VICTORIA STREET, Toronto (Church-Yonge Corridor), ON M5B1V8
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Studio $250Base rent209 - 832 BAY STREET, Toronto (Bay Street Corridor), ON M5S1Z6
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Studio $100Base rent18 SOMMERSET WAY, Toronto (Willowdale East), ON M2N6X5
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Studio $280Base rent7 GRENVILLE STREET, Toronto (Bay Street Corridor), ON M4Y1A1
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Studio $199Base rentP2-B34 - 25 NEIGHBOURHOOD LANE, Toronto (Stonegate-Queensway), ON M8Y0C4
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Studio $400Base rentP3-68 - 155 YORKVILLE AVENUE, Toronto (Annex), ON M5R0B4
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1 bd $250Base rentPARKING - 290 ADELAIDE STREET W, Toronto (Waterfront Communities), ON M5V0P3
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Studio $300Base rentPARKING - 395 BLOOR STREET E, Toronto (North St. James Town), ON M4W1H7
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Studio $230Base rentPARKING SPOT - 57 ST JOSEPH STREET, Toronto (Bay Street Corridor), ON M5S0C5
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Studio $200Base rentPARKING SPOT - 11 ST JOSEPH STREET, Toronto (Bay Street Corridor), ON M4Y3G4
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Studio $225Base rent8 MERCER STREET, Toronto (Waterfront Communities), ON M5V0C4
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Frequently asked questions
What are the best apartments in Toronto, ON?
The best apartments in Toronto, ON are: 390 Queens Quay West, 25 St. Mary Street, 196 Eglinton Avenue East, 2700 Bathurst Street and 10 Walmer Road.
Apartments in Toronto, ON under $500
Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 26 apartments for rent in Toronto, ON on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.
Rentals near you under $500
Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in Toronto, ON is 579 Sqft, but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.