- Cabbagetown-South St. James Town: This neighborhood has the lowest prices for rental units in Toronto, with an average of $1,700 per month for a one-bedroom unit.
- North St. James Town: This neighborhood also has affordable rental prices, with an average of $1,850 per month for a one-bedroom unit. Compared to other central areas such as Kensington-Chinatown ($2,359) and Bay Street Corridor ($2,608), North St. James Town is a more affordable option.
- Brampton: Although not technically in Toronto, Brampton is part of the Greater Toronto Area (GTA) and has some of the cheapest rent prices for one and two-bedroom units. The average rent for an unfurnished one-bedroom unit is $1,605 per month, while a two-bedroom unit is $2,065 per month.
Overall, some of the cheapest places to rent in the Greater Toronto Area include North York, Oshawa, Milton, York, Scarborough, East York, and Vaughan-Richmond Hill.
It’s important to note that rental prices may vary depending on factors such as the size of the unit, location, and the condition of the building. Additionally, rental prices may have changed since the publication of these articles, so it’s best to do further research before making any decisions.
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