Studio Apartments for Rent in Toronto, ON - 30 Rentals available

Renting a studio apartment in Toronto, ON

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 20 listings with a total of 30 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.

They are called efficiency apartments for a reason

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 $2,193, but a single-bedroom apartment in Toronto, ON can be yours for as low as $1,028 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 $5,450.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!