Toronto Rent: What $1250 Gets You By Neighborhood

A lot more than you’d expect to get!

Following a budget of under $1250 (minus a few exceptions), we were tasked with the challenge to find apartments that fall just around that price range. With patience, hours of searching and a little bit of luck, we found a handful of apartments for a cheaper-than-average rate in Toronto. While you won’t find pricey places like the Financial District on this list (their starting prices are well above the $1500 mark) you’ll find a handful of fairly decent apartments that are perfect for a student/young professional’s budget.

The Junction | $1250

For a budget of $1250, you’re not going to get much other than basement apartments just south of the Junction. You can nab a 550ft large 1 bedroom basement with utilities included and laundry on site.


St. Clair West | $1250

For a cool $1250, you can nab a beautifully renovated 1-bedroom on St. Clair West. Utilities all included in the price! On-site laundry is another perk you can enjoy with this great space!



Queen West | $1050

In one of the most sought-after neighbourhoods in Toronto, $1250/month won’t get you much but after hours of scrolling (and just a little bit of luck) we found a cute 1-bedroom on Queen and Gladstone! Utilities not included.



The Annex | $1150

With average prices hitting the $2000 mark, you’ll be lucky to find anything less than shoe-box sized in The Annex. For $1150, you can nab a bachelor apartment in a low-rise building with elevators.


Little Italy | $1250

Check out this studio apartment in the heart of Little Italy for under $1250 (hydro not included in rent). Complete with a newly renovated bathroom, porcelain tiles and laminate floors for extra class to your living space.


Roncesvalles Village | $1395

For a little over your budget, you can have yourself a beautiful 1 bedroom on the top floor of a three story home. Exposed brick, great deck and an eat in kitchen could beall yours for $1395.



Dundas West | $1300

Okay, so this one is a little over budget… but for an extra $50 outside of your price range you can nab a studio apartment on Dundas West and Gladstone. While the price is quite steep for a studio apartment, it’s the best you can get in this area (unless you’d like to live in a basement apartment). Hydro not included.



Cabbagetown | $1300

For a little over budget, you can have yourself a well-maintained 1-bedroom basement apartment a few minutes away from Ryerson University. Separate entrance with high ceilings that surprisingly provided a lot of natural light (in comparison to most basement apartments).


Danforth Village | $1399

For $1399 you can have a beautiful 2nd floor 1-bedroom with tons of natural light. Huge bedroom and closet space, large living room and kitchen. Just 5 minutes away from Victoria Park station!



Leslieville | $1375

Scouting cheap apartments in trendy Leslieville proved quite the task, but we managed to find a bright and spacious 1-bedroom apartment for just a little over our $1200 limit. Wood floors, skylights, a patio, new appliances and central AC!


The Beaches | $1195

Who wouldn’t want to live near the beach? For $1195 you get a clean 1-bedroom apartment on the second floor. Complete with sun room, coin laundry, fireplace and more!