On the hunt for a rental apartment in Toronto? Want to find the best deals possible? Your first step is knowing what you need and what you can afford. Are you looking for a one-bedroom or two? Currently, according to the Canadian Rent Report, the median price for a one-bedroom in Toronto is $2,020 while a two-bedroom falls at $2,520.
But what can you expect to get for these prices? That’s where we step in with some of the best apartment deals with places that you can live in all coming in under or close to the median price. First up, are one-bedroom units.
St. Lawrence Area – Sherbourne St.
This one-bedroom abode is west-facing to give you plenty of gorgeous sunsets to watch through the floor-to-ceiling windows. It is pet-friendly, comes with a locker, and has easy access to the balcony. It is walking distance to the St. Lawrence Market, George Brown College, and plenty of local bars and restaurants. It can be yours for lease from March to August for $1,800 a month. (View Details)
Henry Farm – Parkway Forest
This open floor planned unit has hardwood floors throughout, an in-suite laundry, dishwasher, and floor-to-ceiling windows to expose the fantastic view of the city. It offers easy access to public transportation, the Don Valley Parkway, premiere shopping experiences like Fairview Mall, and eateries and cafés alike. It has an on-site gym and is pet-friendly. (View Details)
Heathview – Forest Hill
With a walk score of 85, this one-bedroom apartment offers easy access to St. Clair West subway, Upper Canada College, and a variety of nightlife and restaurants. With its panoramic views of the Toronto skyline and Forest Hill Village, this single unit with den gives you contemporary style, along with the use of its on-location gym and pool, all below the current one-bedroom median price for Toronto. (View Details)
Cedarvale – Warwick Ave
If you are looking for a two-bedroom unit outside of a highrise building this may be your ideal. With hardwood floors throughout, floor to ceiling built-ins for storage in the living room, and a perfect spot for a large, flat screen tv. Includes backyard space, parking for one, ideal location to parks, and easy access to public transit. Enjoy a smoke-free environment, plenty of counter space for cooking and a large walk-in pantry. (View Details)
Cabbagetown – Seaton St.
In the heart of downtown, this clean and bright one-bedroom apartment offers you the convenience of front door public transportation and a parking spot. The perfect apartment if your desire is to be near universities, parks, and downtown shopping. A recently renovated unit that offers stainless steel appliances, in-suite washer and dryer, and a balcony that exits off of the bedroom. (View Details)
Queen West – Sudbury St.
A perfect apartment for two roommates or a newly started family of three, this split layout offers two bedrooms and two bathrooms with its exposed ductwork and 10-foot ceilings. Amenities include a gym, pool, guest suites, for those with extended visitors, and a party room. With a walk score of 94, you are conveniently able to access the TTC, restaurants, and local nightlife. This one-year lease does not include pets, but it is available for under the current two-bedroom median price at $2,500 a month. (View Details)
Yorkville – Hayden St.
An ideal location for those without a car, this apartment is on two subway lines, has a perfect walk score of 100 and is within direct access to universities, the Eaton Centre, and museums. Price includes in-suite laundry, locker, and plenty of exercise amenities that include a pool, jacuzzi, and exercise room. Hardwood throughout, this bright and clean unit is available for $2,500 a month, hydro not included, and unfortunately, furry friends are not permitted. (View Details)
Fashion District – Adelaide St. West
This apartment is an ideal location for bikers and walkers, alike. Steps away from Kensington Market, shops, and Chinatown, if you are a bargain hunter who loves to shop for fresh food and vintage clothing, look no further. This two-bedroom, two bathroom apartment has a balcony, in-suite laundry, and contains stainless-steel kitchen appliances. Pets are not allowed. (View Details)
Fashion District – Fabrik Apartment
This open concept layout offers its renter with the opportunity to live in a boutique building within the Fashion District of Toronto. Falling just slightly over the median price for a two-bedroom, you will find this building includes plenty of entertainment space, a rooftop garden, fitness area and even a spa for your pets. A walker’s dream, scoring a perfect score, you will find yourself ready to visit galleries, restaurants, and other local shops. (View Details)
Cabbagetown – Seaton St.
Another downtown apartment on Seaton St. only this one offers enough space for two renters or a small family. Coming in below the median price at $2,350, it includes a parking spot, in-suite laundry facilities, hardwood throughout and stainless-steel appliances in the kitchen. You will find it both cozy with its fireplace and yet modern with a sleek white design. Includes a balcony off of one of the bedrooms, views of the city, and easy access to public transportation. Regretfully, animals are not allowed. (View Details)
If you are up for a move, act swiftly, these great deals won’t last for long!
Check out all apartments for rent in Toronto.
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