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Toronto Furnished Apartments For Rent | Cheap Apartments For Rent In Toronto

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Average Rental Prices

  • Studio $2,504
  • 2 Beds $3,722
  • 3 Beds $5,712
  • 4 Beds $6,000

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Featured Rentals

City of Toronto wikipedia

The capital of Ontario and the largest city in Canada, Toronto is a great city to find Ontario apartments for rent, whether you are looking for furnished, studio  or basement apartments.

Neighbourhoods in Toronto

Toronto is full of great neighbourhoods with apartment rentals that have their own unique charm.
• Downtown Toronto –is near all the exciting events and attractions. Find one bedroom apartments for rent in The Annex, Chinatown, Cabbagetown, The Distillery District, Kensington Market, Yorkville, The Entertainment District, the Queen Street West area or Harbourfront. Live in an apartment in the Downtown Core and you'll be close to the University of Toronto, George Brown College, Bloor Cinema, Honest Ed's, the Royal Ontario Museum, the home of the Toronto Blue Jays at the Rogers Centre, the CN Tower, Roy Thomson Hall, the Eaton Centre.
• North End – This area includes many high-demand neighbourhoods such as Forest Hill, Yonge and Eglinton,  North Toronto and the Kay Gardner Beltline.
• West End – Find apartments to rent in Bloor West, Little Italy, Roncesvalles or Little Portugal and be close to the Italian Walk of Fame, High Park, and Trinity-Bellwoods Park.
• East End – The east side of Toronto has neighbourhoods that celebrate the diversity of the city. The Beaches, Upper Beaches, Greektown, Leslieville and Riverdale are great areas to look for an apartment. The east end of Toronto is close to Withrow Park and Riverdale Farm.

Transportation in Toronto

With an extensive transit system, commuting in and around Toronto is easy using services such as the TTC, GO Transit, Via Rail, Greyhound, Coach Canada and the Pearson International Airport.

Tips for Renting in Toronto, Ontario

We’ve got the scoop on apartments for rent in Toronto! With nearly three million people calling Toronto, Ontario home, it is the most populous city in Canada and the fourth most populous city in North America that hugs around the western end of Lake Ontario. Known for its robust nightlife, diversity, booming business and financial industries and artistic appeal. If you’re looking for renting tips for moving to Toronto, 4Rent.ca has all the information you need to make your next move. The Toronto rental market is competitive, but not impossible to find a place to live with these tips for moving to Toronto. With more than 140 neighbourhoods, Toronto over the years has gone on to include Scarborough, North York, Etobicoke, York and East York into its municipalities, creating plenty of rental opportunities. The average cost of a one-bedroom Toronto rental in the heart of the city is $2200/month, whereas a one-bedroom Toronto rental outside of the downtown core and in a neighbouring suburb can cost $1900/month. Three bedroom Toronto rentals in the heart of downtown can run Toronto renters approximately $3600/month, whereas a three bedroom rental outside of Toronto will cost closer to $3000/month.

Cost of Living in Toronto, Ontario

Given the size of Toronto and its ranking as the fourth most populous city in North America, you may be wondering how it ranks up against other cities in terms of the cost of living. Toronto is 29% less expensive to live in compared to New York—the second most populous city in North America—and the cost of rent is 58% lower than rent in New York. Public transportation in Toronto is operated by the TTC—Toronto Transit Commision—a series of subways, streetcars, and buses. At the time of riding this, riders can anticipate to pay $3.20 per ride, or $3.20 with a PRESTO pass. Alternatively, a monthly pass will cost approximately $156.00/month. Gym enthusiasts in Toronto can anticipate spending about $60/month for their Toronto gym pass.

Utilities costs in Toronto including heating, cooling, water, and Internet can be expected to cost approximately $300 for a 915 square foot apartment. The cost of gas continues to fluctuate at any given time depending on global circumstances. Those renting in Toronto may be wondering about the cost of groceries in Ontario. These costs will be largely dependent on each household’s dietary, and lifestyle needs.

Toronto has some of the most vibrant nightlife in the country. A night out in Toronto can set you back about $110 assuming you’ve participated in a three course meal with an alcoholic beverage. If you prefer a club or bar crawl, those costs can increase.

The average cost of living in Toronto is $3500/month. You will need to earn approximately $42,000/year to live comfortably in Toronto or a roommate to share the costs.

Things to Do in Toronto

Now that you know what it’s going to cost you to live in the city, let’s check out the fun things to do in Toronto! There are plenty of major attractions in Toronto including the CN Tower—a freestanding structure that held the title for the tallest for over thirty years. For art lovers, you can check out the Royal Ontario Museum (ROM) or the Art Gallery of Ontario. Another must see major attraction in Toronto is the Ripley’s Aquarium, the St. Lawrence Market, or check out Toronto’s castle—Casa Loma!

Whiskey lovers won’t want to miss a trip through Toronto’s Distillery Historic District. Grab a meal at the local Mill St. Brewery, bask in the gorgeous redbrick pavers or shop and explore some unique shops. Want to get out of the city for the day? Take a trip out to Centre Island and have a beach day or picnic! Plus, if you have little ones, check out Franklin’s Children’s Garden!

Employment & Economy in Toronto, Ontario

The economy of Toronto is a diverse space of businesses and the financial industry, with a high number of brokerage firms and banks that make up Bay Street in Toronto’s Financial District. Toronto is the hub of some of the largest telecommunications, media, and publishing industries in the country including Torstar, Rogers Communications and Bell Media. The Toronto Stock Exchange is recognized as the seventh-largest stock exchange in the world.

There are a plethora of employment opportunities in the financial or business industries, as well as manufacturing outside of the city. Toronto has the moniker of Hollywood North, given production costs are lower to film in Canada. Toronto has a booming technology industry with employment opportunities at a number of tech firms, and has one of the largest startup ecosystems in North America.

At the time of writing this, the unemployment rate was 5.9% and below peak levels in July 2020 at 8.7%

Education in Toronto, Ontario

Toronto has a number of universities within the city including the University of Toronto – St. George Campus, OCAD, Toronto Metropolitan University, and the Université de l’Ontario français. Outside of the city is York University, the only university not in Toronto’s downtown core. The University of Guelph-Humber, a jointly managed school between Humber College and the University of Guelph, is also on the northwestern side of Toronto.

Those looking to pursue a Toronto college program should consider Seneca College, Centennial College, George Brown College or Humber College. Toronto also has a number of vocational schools and specialized institutions including Tyndale University and The Royal Conservatory of Music.

Elementary schools in Toronto, Ontario are operated by four individual school boards. The Toronto Catholic District School Board (TCDSB) and the Toronto District School Board (TDSB) are the English-language school boards. Their French counterparts are the Conseil scolaire catholique MonAvenir and the Conseil scolaire Viamonde. There are 451 elementary schools, 105 secondary schools, and five adult learning centres operated under the TDSB. TCDSB has 163 elementary schools, and 29 secondary schools, as well as one adult learning centre and three combined institutions.

Some of the top private schools in Toronto include Upper Canada College, St. Michael’s College School, Royal St. George’s College, Branksome Hall, Havergal College and Bishop Strachan School.

Toronto Apartment Rent Prices