Moving to Toronto as a new Immigrant can be exciting, but finding a comfortable apartment at a price you can actually afford is often one of the first major challenges.
However Toronto is also one of the most expensive rental markets in Canada.
A newcomer with no Canadian credit history, no employment record and no rental references is going to find it very difficult to get a place to live within their budget.
The good news is that you can find reasonably priced accommodation in Toronto if you know the rental market, you look in the right areas (i.e. not the most expensive ones) and you know where to look for actual rentals.
Whether you’re moving to Canada on your own, coming over with your spouse or moving with your kids there are a number of housing options to consider.
You could be looking at basement apartments, studio apartments, shared accommodation, one bedroom apartments or purpose built rental buildings.
This is a guide to the best affordable apartments in Toronto for new immigrants in 2026.
It covers the neighbourhoods to look at, the approximate rental prices, the types of apartments available, the rental application requirements and some practical tips to help you avoid housing scams.
It also outlines what a newcomer without a Canadian credit history can do to improve their chances of getting their first apartment.
Understanding Toronto’s Rental Market in 2026
Contents
Before you even go looking at an apartment it’s important to have a good understanding of how the Toronto rental market works.
Toronto is the capital of Ontario and one of Canada’s major economic centres.
It’s a destination for international students, skilled workers, permanent residents, refugees, families and people coming over for work.
This creates a demand for a variety of types of accommodation.
Rental prices vary according to:
- Neighbourhood and distance from downtown Toronto.
- Apartment size and number of bedrooms.
- Building age and condition.
- Access to the subway stations and public transport.
- Availability of parking.
- Whether utilities are included.
- Whether it’s furnished or unfurnished.
- Building facilities and further services.
A person working in the downtown area might well prefer an apartment close to a subway station, whereas someone working from home might be quite happy with an apartment in a bit more of a down market area further out from the city centre.
The cheapest advertised flat isn’t necessarily the cheapest option.
A flat with a low rent but with very expensive transport costs could in fact end up being more expensive than one closer to your place of work.
Average Apartment Rental Prices in Toronto in 2026
One of the very first questions that immigrants ask before they move is how much should they budget for accommodation?
The following table provides indicative monthly planning ranges for various apartment types in Toronto.
These are indicative ranges for planning purposes only and are not actual asking prices for any particular units that may be available.
Actual rents will vary from location to location, property to property and will also be dependent on condition and lease type.
| Apartment type | Estimated monthly rent |
|---|---|
| Shared room | CAD $700–$1,200 |
| Private room in shared apartment | CAD $900–$1,500 |
| Basement apartment | CAD $1,200–$1,800 |
| Studio apartment | CAD $1,500–$2,000 |
| One-bedroom apartment | CAD $1,800–$2,400 |
| Two-bedroom apartment | CAD $2,300–$3,000 |
| Three-bedroom apartment | CAD $2,800–$3,800 |
These are indicative market planning figures.
Always check the current listings prior to making any housing decisions.
How much should a new immigrant budget for rent?
Your housing budget should be a function of your income, your family size and your employment situation.
For example:
- A single newcomer might well consider a shared flat or a private room.
- A couple might find a studio or one bedroom apartment more to their liking.
- A family with kids may require a 2 bedroom or 3 bedroom.
- Students can benefit from shared accommodation close to their schools or universities.
If you’re arriving in Toronto without a job confirmed, it would be sensible to consider temporary accommodation first rather than jumping straight into a long term lease which would be a very expensive proposition.
Best Affordable Neighbourhoods in Toronto for New Immigrants
Choosing the right area can make a world of difference to your monthly outgoings.
Some of the Toronto neighbourhoods actually offer better rental value than the downtown core and may also have access to supermarkets, schools, hospitals, public transit and a variety of multicultural communities.
Here are some areas that newcomers should bear in mind.
1. Scarborough
Scarborough is definitely worth a look if you’re after a place to live in Toronto without having to pay some of the higher rental prices that you’ll find in downtown.
It’s a very diverse population, with African, South Asian, Caribbean, Chinese and Filipino communities among others.
Why newcomers may like Scarborough:
- A wide range of apartment buildings and basement rentals.
- Access to the supermarket and affordable grocery stores.
- Multicultural communities.
- Schools, health services and community services.
- TTC buses, subway connections and GO Transit in certain areas.
2. North York
North York is another option for newcomers looking at apartment buildings, shopping centres and public transit.
The area is quite diverse with a number of residential areas which would be appropriate for individuals and families.
Some areas are of course more expensive than others, particularly those adjacent to major subway stations and shopping areas.
Advantages of living in North York:
- Access to TTC subway stations in certain neighbourhoods.
- Shopping centres and grocery stores.
- Schools and healthcare facilities.
- Different apartment sizes.
- Access to employment opportunities throughout Toronto.
Check out Downsview, Jane and Finch, York University Heights and some of the Wilson Avenue area.
3. Etobicoke
Etobicoke is in western Toronto and has a mix of apartment buildings, residential streets, shopping areas and parks.
Certain areas of Etobicoke may actually be better value for rental than central Toronto.
The southern part of Etobicoke is definitely worth looking at.
Etobicoke South comes out as one of the relatively cheaper areas in Toronto for one bed apartments according to historical CMHC rental data.
The advertised rents for the available units can be higher than what the current tenants are actually paying.
Reasons to consider Etobicoke:
- Access to subway and bus service in certain areas.
- Residential apartment communities.
- Shopping centres and grocery stores.
- Parks and recreational facilities.
- Access to Toronto Pearson International Airport.
Explore Rexdale, Islington, Mount Dennis and parts of southern Etobicoke.
4. York
York is another place you could look at if you’re after a bit of a reduction in your housing costs.
It offers residential areas in the form of apartment blocks, rental properties and shared accommodation.
Some of York is very well served in terms of access to public transport and main roads.
Why York may be suitable:
- Rental options for various household sizes.
- Access to local grocery stores.
- Community facilities and schools.
- Transportation links to the rest of Toronto.
- Residential areas which may be cheaper than downtown.
Consider Weston, Mount Dennis and the surrounding areas.
5. East York
East York might be of interest to newcomers looking for a more residential, quieter environment, yet still very much part of Toronto.
It’s a mixture of apartment blocks, older rental properties, houses and basement apartments.
Benefits include:
- Access to public transportation.
- Schools and community facilities.
- Grocery stores and local businesses.
- Residential streets and parks.
- Access to employment areas in central Toronto.
Explore Crescent Town, Thorncliffe Park and the areas around Woodbine Avenue.
Affordable Apartment Options New Immigrants Should Consider
Finding an apartment in Toronto doesn’t necessarily mean you’re going to be looking at a full one bed or two bed unit.
If you’ve just turned up and you’re on a tight budget then have a look at these accommodation options.
Shared accommodation is essentially renting a private bedroom in an apartment or house which is shared with other people.
It’s often one of the cheaper ways for new folks to get established in Toronto.
For example you could rent a private room in a one bedroom and thus pay less than the full rent for the apartment, sharing the kitchen, bathroom and living room.
This arrangement may be suitable for:
- Single immigrants.
- International students.
- New workers.
- Individuals in search of permanent employment.
- People who want to save money in their first few months.
Before you sign an agreement, make sure you have a clear understanding of how the utilities, internet, cleaning and all the other shared costs will be split.
B. Basement Apartments
Basement apartments are fairly common in Toronto and can offer a separate living area at a lower price than some of the more conventional apartments.
Some have private kitchens, private bathrooms and separate entrances.
They’re ideal for couples, small families and individuals who want a bit more privacy.
However not every basement advertised for rent is a legal or safe apartment.
Before paying, check:
- Whether the unit complies with applicable building and fire safety requirements.
- Whether it has sufficient windows and emergency exits.
- Whether the ceiling height and the ventilation are adequate.
- Whether the kitchen and bathroom are functional.
- Whether the landlord will allow the intended occupation.
- Whether the utilities are included in the rent.
C. Studio Apartments
A studio is essentially one room which combines the sleeping, living and kitchen areas.
There is normally a separate bathroom.
It might be suitable for one professional or a newcomer looking for private accommodation.
Studio apartments can be more expensive than shared rooms, but they do offer the advantage of independence and privacy.
D. Purpose-Built Rental Apartments
Purpose built rental buildings are properties which have been built specifically for the purpose of long term letting.
They are often professionally managed and may provide:
- On-site maintenance.
- Laundry facilities.
- Secure entrances.
- Property management offices.
- Parking facilities.
- Shared recreational spaces.
Newcomers should bear in mind that when comparing rental properties they should look at older purpose built rental buildings as opposed to newer ones.
The older buildings may well be cheaper to rent but of course the facilities and condition of the buildings will vary.
E. Affordable and Subsidised Housing
New immigrants who meet the appropriate eligibility criteria may look into subsidised housing and affordable rental programs.
These can offer lower rents than a typical private market apartment.
However availability is very limited and waiting periods can be long.
Some schemes have immigration status, income, household size and residency requirements.
Don’t assume that getting PR or even arriving in Canada will in any way lead to you getting subsidised housing.
Where to Find Affordable Apartments in Toronto
Finding the right flat is a lot easier if you use the right rental sites and property management websites.
Here are some useful websites for new immigrants.
1. Rentals.ca
Rental.ca enables users to search for rental apartments, houses, condos and other types of accommodation throughout Canada.
You can filter listings based on:
- Monthly rental budget.
- Number of bedrooms.
- Neighbourhood.
- Pet policies.
- Apartment features.
- Property type.
2. Realtor.ca
REALTOR.ca has both residential rental listings and properties for sale.
It helps new folks compare rentals across Toronto.
3. Zumper
Zumper do apartment and room rentals in Toronto.
You can compare rental prices, sizes and locations.
4. Kijiji
Kijiji is another site where landlords and property managers will be advertising available rooms and apartments.
It can be useful for finding private rental and shared accommodation. Just be very wary of the dodgy listings.
5. Facebook Marketplace
Facebook Marketplace has rental ads from landlords, agents and individuals.
You can search for:
- Rooms for rent in Toronto.
- Cheap apartments in Scarborough.
- Basement apartments in North York.
- Affordable accommodation in Etobicoke.
- Shared apartments for newcomers.
Always check the property and the landlord prior to making any payments.
6. Property Management Websites
Some of the more established rental companies will actually advertise their lettings directly on their own websites.
Looking for professionally managed apartment buildings is another way of going about it and can help you to find some rental properties without having to rely solely on the individual adverts.
How much does Toronto consider affordable rent in 2026?
Newcomers need to be aware of the difference between affordable housing and standard market rate rental.
The City of Toronto publishes annual affordable rent levels for certain housing programs.
For 2026, the City’s Official Plan affordable rent levels include:
| Apartment type | 2026 affordable rent level |
|---|---|
| Studio | CAD $1,127 |
| One-bedroom | CAD $1,426 |
| Two-bedroom | CAD $2,055 |
| Three-bedroom | CAD $2,351 |
These figures are derived from the City’s income-based and average market rent methodology and do not in any way guarantee that apartments at these prices will be available to all in the private rental market.
The distinction is important as an apartment advertised at CAD $1,426 may be part of a specific affordable housing program with eligibility requirements.
The City’s affordable rental home opportunities may be available via application periods and random selection.
Documents Required to Rent an Apartment in Toronto
When you’re applying for an apartment the landlord may ask for various documents to confirm your identity and your financial circumstances.
Prepare the following:
- Identification: A valid passport or other acceptable form of ID.
- Immigration documents: Your permanent resident card, confirmation of permanent residence, work permit or other applicable documentation.
- Employment information: an employment letter, contract or most recent pay statements if available.
- Financial records: bank statements or other evidence of your ability to pay rent.
- Rental references: contact details of previous landlords if available.
- Credit information: You may request a credit report (with your permission).
- Rental application: complete the landlord’s application form correctly.
Not every landlord is going to ask for all of these documents.
The requirements will vary from property to property.
Important Rental Laws Every New Immigrant Should Know
Understanding Ontario’s rental rules can go a long way to protecting you from being exploited.
Last Month’s Rent Deposit
In Ontario a landlord can ask for a rent deposit of up to one rental period (usually one months rent for a monthly tenancy).
This deposit is to cover the final rental period of your tenancy.
Damage Deposits
Landlords generally can’t ask for a separate damage deposit under the Ontario Residential Tenancies Act.
Key Deposits
A landlord can ask for a refundable key deposit, but it must not be greater than the actual cost of the keys.
Written Rental Agreement
The vast majority of residential tenancies covered by the Ontario Residential Tenancies Act are on the provincial standard lease.
Read the agreement very carefully before you sign it.
Rent Increases
For the majority of rent-controlled units, increases are subject to the applicable annual guideline and the requisite notice requirements.
Some of the newer units are exempt from the guideline so you’ll need to check what applies to your particular unit.
You can find out more in the City of Toronto Tenant Rights Guide and from the Landlord and Tenant Board.
Monthly Cost of Living for a New Immigrant Renting in Toronto
Rent is by no means the only cost you need to factor in if you’re thinking of moving to Toronto.
You’ll also need money for the basics: food, transport, electricity, internet, phone etc.
Here’s an illustrative monthly budget for a single newcomer.
| Expense | Estimated monthly cost |
|---|---|
| Shared accommodation | CAD $1,000 |
| Groceries | CAD $400 |
| Transportation | CAD $155–$170 |
| Phone | CAD $40–$60 |
| Internet contribution | CAD $30–$50 |
| Personal expenses | CAD $100 |
| Miscellaneous expenses | CAD $100 |
| Estimated total | CAD $1,825–$1,880 |
This is all assuming shared accommodation and a fairly modest lifestyle.
Your actual outgoings will of course vary.
If you’re renting a private one bedroom your monthly outlay could be quite a bit higher.
How can you reduce your monthly expenses?
Consider the following:
- Share accommodation for your first few months.
- Just choose an apartment close to your place of work.
- Compare the prices of groceries in the various supermarkets.
- Use the public transport instead of buying a car straight away.
- Don’t go for apartments with all the extras that will inevitably drive up your monthly cost.
- Check that heating, water and electricity are all included in the rent.
- Prepare your own meals rather than eating out on a regular basis.
- Look at the older, well-maintained rental properties rather than the expensive new condos.
How to Apply for Affordable Housing in Toronto as a New Immigrant
If you can’t afford private market rent, look into the housing assistance programs that are available in Toronto.
Toronto Community Housing
Toronto Community Housing provides affordable and subsidised rental housing to eligible households.
Its program includes affordable rentals and rent geared to income housing.
Eligibility is programme specific, of course, and will depend on your income and other circumstances.
Some of the existing waitlists have restrictions on new applicants so it’s worth checking the current vacancy announcements.
City of Toronto Rent-Geared-to-Income Housing
The Rent Geared to Income (RGI) programme provides rental assistance to eligible households on a rent geared to income basis.
Applicants must meet the programme’s eligibility criteria.
You can find the application information on the City of Toronto RGI Housing Programme website.
Be aware that waiting periods can be long and you cannot assume that simply by submitting an application you will get in.
Newcomer Housing Assistance
New immigrants can also go to settlement agencies to get some assistance in understanding the Toronto housing market.
Two useful organisations include:
- CUIAS Immigrant Services – provides newcomer settlement information and advice on housing and tenancy rights. Website available.
- Mennonite New Life Centre of Toronto (MNLC) – provides settlement orientation and information on housing and other newcomer services.
- You can also get in touch with the Housing Help Centre for help with market rentals and with applications to subsidised housing.
How to Avoid Apartment Rental Scams in Toronto
New immigrants are occasionally the subject of people who will go around advertising apartments that don’t exist or properties that they don’t have the right to let.
Some fraudsters will take advantage of the new arrivals who are desperate to get themselves a place to live prior to even arriving in Canada.
Follow these precautions:
Don’t pay until you’ve checked the property.
Arrange an in person or a live video view and check it yourself.
Verify the landlord: ask for the landlord’s legal name and confirm they have the power to let the property.
Be careful with apartments that are unreasonably cheap.
You need to look at apartments that are advertised at a price far below comparable properties.
Don’t resort to any pressure tactics at all.
Don’t let anyone pressure you into making payment straight away on the grounds that some other applicant is after the property.
Request a written agreement: make sure you understand the rent, the deposit, the utilities and the lease conditions before you actually hand over any money.
Keep payment records – use traceable methods of payment and ask for receipts.
Inspect the apartment: plumbing, electrical fittings, windows, heating, ventilation and security.
Don’t send sensitive documents unless you have to.
Only share your ID and financial information via the appropriate, legitimate channels.
The Government of Canada also offers additional guidance for newcomers renting their first home.
See the official newcomer housing guide.
Frequently Asked Questions (FAQs)
1. What’s the cheapest area to rent an apartment in Toronto in 2026?
Etobicoke South, parts of Scarborough, York and some areas of North York are worth investigating for relatively affordable accommodation.
2. Can a new immigrant rent an apartment in Toronto without a job?
Yes. However, landlords may request proof that you can afford the rent.
Bank statements, savings, a guarantor or other financial documents may help support your application.
3. How much money should I bring to Canada for accommodation?
Your budget depends on whether you are renting a room or an entire apartment.
Consider the first month’s rent, a permitted last-month rent deposit, temporary accommodation, transportation and emergency savings.
4. Can I rent an apartment in Toronto before arriving in Canada?
Yes, some landlords accept remote applications.
However, it is safer to verify the property and landlord before paying any money.
Consider temporary accommodation until you can inspect apartments personally.
5. Are basement apartments cheaper than regular apartments in Toronto?
Basement apartments can be less expensive than some conventional apartments.
However, prices vary, so check safety, ventilation, lighting, legal occupancy, and utility arrangements.
Conclusion
Finding affordable apartments in Toronto as a new immigrant in 2026 requires proper planning, research and an understanding of the city’s rental market.
Although Toronto is expensive, newcomers can explore relatively affordable neighbourhoods such as Scarborough, Etobicoke, York, North York, and East York.
Shared accommodation, basement apartments, studio units, and older purpose-built rental buildings may also offer practical alternatives for people on limited budgets.
Before relocating, prepare your rental documents, estimate your monthly expenses and research the neighbourhoods closest to your workplace or school.
Most importantly, don’t rush into paying for an apartment you haven’t verified.
A carefully selected home can make your transition to Canada easier and help you establish a stable financial foundation.
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