The cost of renting in Toronto is a constant topic of discussion and for good reason, as living in Canada’s largest city doesn’t come cheap!
However, there are still listings available that come in under the city’s average, offering a more budget-friendly way to live in some of Toronto’s most popular neighbourhoods.
According to liv.rent’s June 2025 data, furnished one-bedroom apartments in Toronto now cost $1,970 per month on average, while unfurnished options cost $2,078.
With that in mind, we looked into what $1,900 (or less) in monthly rent can get you across a variety of Toronto neighbourhoods, including the Distillery District, St. Lawrence, The Beaches, Rosedale-Moore Park, the Harbourfront, Yorkville, The Annex, Little Portugal, Fort York, Don Mills and Victoria Village, and West Queen West.
It’s a revealing snapshot of how far your rent dollars can go across the city right now — and how big the variation can actually be!
Yorkville
A new into the brand-new studio apartment in Yorkville.
Rentals.ca
Asking Price Per Month: $1,900
Address: 771 Yonge St., Toronto, ON
Property Type: Unfurnished
Description: You can actually rent a brand-new, never-lived-in studio suite in Yorkville — one of Toronto’s most luxurious neighbourhoods, famous for its designer boutiques, fine dining, and the iconic Mink Mile — for under $2,000 per month.
While it’s a studio (so no separate bedroom), the price is surprisingly reasonable for the area. Plus, the location is tough to beat — it’s right next to Bloor-Yonge station, giving you direct access to just about anywhere in the city.
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Rosedale-Moore Park
The living room at the property.
Rentals.ca
Asking Price Per Month: $1,900
Address: 198A Moore Ave., Toronto, ON
Property Type: Furnished
Description: For $1,900, you can rent a fully furnished, recently renovated 750-square-foot apartment that’s ideal for an individual looking for their own cozy home.
The location is a dream for nature lovers, with easy access to the Kay Gardner Beltline Trail and Moore Park Ravine. You’ll also find plenty of amenities nearby.
Plus, getting downtown is a breeze thanks to the apartment’s proximity to both Davisville and St. Clair subway stations.
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The Annex
A look into the one-bedroom apartment in The Annex.
Rentals.ca
Asking Price Per Month: $1,900
Address: 10 Walmer Rd., Toronto, ON
Property Type: Unfurnished
Description: The Annex is one of Toronto’s most iconic neighbourhoods and has been home to celebs like Ryan Reynolds, Rachel McAdams, and Margaret Atwood.
While you might expect sky-high rents here, this newly renovated one-bedroom apartment is actually listed just below the city’s average.
It’s also right next to Spadina station, giving you direct access to both Line 1 and Line 2 on the TTC — perfect for commuting or exploring the city.
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Don Mills and Victoria Village
The living room at 11 Eccleston Dr.
Rentals.ca
Asking Price Per Month: $1,900
Address: 11 Eccleston Dr., North York, ON
Property Type: Unfurnished
Description: Though technically distinct, Don Mills and Victoria Village are often grouped together — and soon they’ll benefit from improved downtown access with the upcoming Eglinton Crosstown LRT.
On either side of the DVP, this pocket of the city offers a more affordable slice of Toronto. While the average home price in the area sits around $840,900, you can rent a one or two-bedroom apartment at 11 Eccleston Dr. for $1,900.
These units feature hardwood parquet floors and updated ceramic-tiled kitchens and bathrooms, offering a clean and comfortable place to call home.
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The Beaches
This one-bedroom apartment near The Beaches is a little under $1,900 per month.
Rentals.ca
Asking Price Per Month: $1,850
Address: 700 Kingston Rd., Toronto, ON
Property Type: Unfurnished
Description: You can rent a one-bedroom apartment near The Beaches for just under $1,900, which is a rare find in this scenic, laid-back part of Toronto.
The area comes alive in the summer with stunning views, a relaxed boardwalk vibe, and easy access to the waterfront. While it’s a bit removed from downtown, you’re still well-connected via the TTC. Heat and water are included in the rent.
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Little Portugal
The apartment at 627 Dufferin St. is unfurnished.
Rentals.ca
Asking Price Per Month: $1,850
Address: 627 Dufferin St., Toronto, ON
Property Type: Unfurnished
Description: For $1,850, you can rent a private, quiet, and brightly lit one-bedroom apartment in the heart of Little Portugal, right in the bustling Dundas West area.
This open-concept unit is located in a stylish neighbourhood full of coffee shops, bars, and restaurants — ideal for anyone who loves a vibrant, local vibe.
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Fort York
The bedroom at 100 Fort York Blvd.
Rentals.ca
Asking Price Per Month: $1,800
Address: 100 Fort York Blvd., Toronto, ON
Property Type: Furnished
Description: For $1,900, and with a bit of cash to spare, you can rent a bright, fully furnished private bedroom with a modern bathroom in a second-floor condo townhouse right in downtown Toronto.
Although it’s part of a townhouse, the space functions as a private, self-contained unit — complete with a kitchenette and a scenic view overlooking Canoe Landing Park. You’ll also be just steps from transit, the lakeshore, groceries, and a pharmacy.
The unit includes a queen-sized bed, private bathroom with a bathtub, shared kitchenette (microwave, fridge, kettle), in-unit laundry, and a separate entrance.
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West Queen West
West Queen West is known for being hip.
Rentals.ca
Asking Price Per Month: $1,700
Address: Lisgar St., Toronto, ON
Property Type: Furnished
Description: For $1,700, you can rent a fully furnished room with a private ensuite bathroom in the heart of West Queen West.
The location is a major win, with easy access to Queen, King, and Dufferin transit routes, plus it’s just a quick trip to Liberty Village. The apartment includes ensuite laundry, central heating and AC, a fully equipped kitchen, and access to shared living space with a balcony offering stunning city and lake views.
Utilities, Wi-Fi, bedding, towels, toiletries, and laundry are all included in the price. Parking is available at an extra cost, if needed.
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Distillery District
This private main bedroom has an ensuite.
Rental.ca
Asking Price Per Month: $1,700
Address: Parliament St., Toronto, ON
Property Type: Furnished
Description: There aren’t many rentals available in the Distillery District right now, but you can snag a private, furnished master bedroom with an ensuite in a two-bedroom, two-bath unit for $1,700.
Located in a quiet building on Parliament Street, this listing offers a rare opportunity to live in one of Toronto’s most historic and charming neighbourhoods — and if your budget is closer to $1,900, you’ll even have some wiggle room left.
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Harbourfront
The living room at the apartment in the Harbourfront.
Rentals.ca
Asking Price Per Month: $1,600
Address: Yonge St., Toronto, ON
Property Type: Unfurnished
Description: Finding a rental below the average price in Harbourfront can be tough as it’s one of Toronto’s most sought-after neighbourhoods, known for its views of Lake Ontario and proximity to the city’s top attractions.
For $1,600 a month, you can just about rent a private bedroom with its own bathroom in a two-bedroom, two-bath condo. The unit includes shared access to a den, living space, and kitchen, and is located in a high-rise.
Rent includes all utilities, cable, internet, and access to a long list of amenities: swimming pool, fitness centre, sauna, theater, and more. It’s also just two blocks from Union Station and close to everything from the ferry docks to the CN Tower.
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St. Lawrence
$1,600 would get you a room in the St. Lawrence neighbourhood.
Rentals.ca
Asking Price Per Month: $1,600
Address: 60 Princess St., Toronto, ON
Property Type: Furnished
Description: If you’re hoping to live in the vibrant St. Lawrence neighbourhood, $1,600 a month will get you a private main bedroom with utilities included.
This setup is ideal for anyone who wants to live and work downtown, with shops, bars, restaurants, and the St. Lawrence Market all just a short stroll away.
View It On Rentals.ca
If you’re on the hunt for a rental, be sure to factor in the location and surrounding amenities — it can make a big difference in how far your dollar goes!
These prices are confirmed at the time of publishing, but they can change at any time. Taxes and fees may not be included.
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