Toronto · Budget
Toronto apartments under $1,500/month
If you're looking under $1,500 per month, you're looking at studios in mid-tier neighborhoods, sharing 2-beds, or living slightly farther from campus. The neighborhoods below in Toronto fit this budget.
Best neighborhoods under $1,500/month in Toronto
The Annex
The Annex — Toronto's classic UofT neighbourhood. Bloor Street, Honest Ed's history, Subway Line 2.
$1,300 – $3,200/mo
Harbord Village
Harbord Village is south of the Annex — walk to UofT, Italian dining, quieter.
$1,200 – $2,900/mo
Kensington Market
Kensington Market is Toronto's most international neighbourhood — vibrant, walkable, walk to UofT.
$1,100 – $2,600/mo
Universities in Toronto
Frequently asked questions
Can I really find apartments under $1,500/month in Toronto?
Yes — 3 of our covered Toronto neighborhoods have units under $1,500/month, especially The Annex, Harbord Village, Kensington Market.
Will I need a roommate to stay under $1,500/month in Toronto?
Often yes — sharing a 2-bed is the most reliable way to stay under $1,500/month in Toronto without sacrificing safety or commute.