Toronto, Canada’s bustling metropolis, is notorious for its sky-high living costs, but savvy renters can still find incredible deals in some of the city’s most coveted neighborhoods.
With the average rent in Toronto for a furnished one-bedroom apartment hovering at $1,970 and unfurnished units at $2,078 in June 2025, according to liv.rent data, a budget of $1,900 opens up surprising possibilities.
From luxurious Yorkville to the artsy vibes of West Queen West, we’ve scoured the city to uncover what $1,900 (or less) can secure in 11 of Toronto’s hottest neighborhoods.
The range of options is jaw-dropping, and you’ll be amazed at the value you can find!
Whether you’re a young professional, a student, or someone craving urban charm, this guide will help you discover your dream rental.
Let’s dive into the neighborhoods and see which one you’d pick!
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Why Toronto’s Rental Market Is Buzzing in 2025
Toronto’s rental market is a hot topic, and for good reason—it’s one of Canada’s priciest cities to call home.
Despite the high costs, budget-conscious renters can still snag apartments in prime locations for under the city’s average.
According to liv.rent’s June 2025 data, the rental market offers a mix of furnished and unfurnished units, with prices varying significantly by neighborhood.
A $1,900 budget is a sweet spot for accessing trendy areas without breaking the bank.
From historic districts to lakeside gems, this guide explores how far your rent dollars can stretch in Toronto’s vibrant neighborhoods.
Ready to find your perfect home?
Let’s explore the options!
1. Yorkville: Luxury Living on a Budget
Asking Price Per Month: $1,900
Address: 771 Yonge St., Toronto, ON
Property Type: Unfurnished Studio
Description: Yorkville is synonymous with luxury, boasting designer boutiques, world-class dining, and the iconic Mink Mile along Bloor Street.
Renting a brand-new, never-lived-in studio apartment for just $1,900 in this upscale neighborhood feels like a steal.
Located steps from Bloor-Yonge station, this unfurnished studio offers unmatched connectivity to downtown Toronto and beyond.
While it lacks a separate bedroom, the modern design and prime location make it ideal for professionals or minimalists seeking a chic urban lifestyle.
Imagine strolling through Yorkville’s trendy streets or visiting the Royal Ontario Museum, all while staying within budget.
2. Rosedale-Moore Park: Nature Meets Elegance
Asking Price Per Month: $1,900
Address: 198A Moore Ave., Toronto, ON
Property Type: Furnished Apartment
Description: Rosedale-Moore Park is one of Toronto’s most prestigious neighborhoods, known for its historic mansions, tree-lined streets, and serene ravines.
For $1,900, you can rent a fully furnished, recently renovated 750-square-foot apartment—perfect for solo renters craving a cozy retreat.
Its proximity to the Kay Gardner Beltline Trail and Moore Park Ravine makes it a haven for nature lovers.
With Davisville and St. Clair subway stations nearby, commuting to downtown is effortless.
This rental combines suburban tranquility with urban convenience, offering a rare opportunity to live in one of Toronto’s wealthiest areas.
3. The Annex: Celebrity-Approved Urban Charm
Asking Price Per Month: $1,900
Address: 10 Walmer Rd., Toronto, ON
Property Type: Unfurnished One-Bedroom
Description: The Annex, a vibrant hub loved by celebrities like Ryan Reynolds and Rachel McAdams, blends historic Victorian homes with a lively cultural scene.
A newly renovated one-bedroom apartment for $1,900 is a fantastic find, especially given its location next to Spadina station, which connects to both Line 1 and Line 2 of the TTC.
Perfect for students, professionals, or anyone who thrives in a dynamic urban setting, this unfurnished unit offers access to trendy eateries, bars, and the University of Toronto.
Live in a neighborhood that’s as iconic as it is affordable!
4. Don Mills and Victoria Village: Affordable and Accessible
Asking Price Per Month: $1,900
Address: 11 Eccleston Dr., North York, ON
Property Type: Unfurnished One- or Two-Bedroom
Description: Don Mills and Victoria Village, often considered together, offer a budget-friendly slice of Toronto with a suburban feel.
For $1,900, you can rent a one- or two-bedroom apartment featuring hardwood parquet floors and updated kitchens and bathrooms.
The upcoming Eglinton Crosstown LRT will enhance downtown access, making this area even more appealing.
Located near the Don Valley Parkway, these neighborhoods balance affordability with convenience, ideal for families or professionals seeking value without sacrificing amenities.
5. The Beaches: Laid-Back Lakeside Living
Asking Price Per Month: $1,850
Address: 700 Kingston Rd., Toronto, ON
Property Type: Unfurnished One-Bedroom
Description: The Beaches is Toronto’s go-to spot for waterfront vibes and a relaxed lifestyle.
For just $1,850, you can secure a one-bedroom apartment with heat and water included, a rare deal in this scenic neighborhood.
Enjoy summer strolls along the boardwalk, stunning lake views, and a tight-knit community atmosphere.
While it’s a bit farther from downtown, TTC connectivity keeps you linked to the city’s core.
This rental is perfect for those who crave a balance of urban energy and beachside tranquility.
6. Little Portugal: Vibrant and Eclectic
Asking Price Per Month: $1,850
Address: 627 Dufferin St., Toronto, ON
Property Type: Unfurnished One-Bedroom
Description: Little Portugal, nestled in the lively Dundas West area, is a hotspot for coffee shops, bars, and diverse eateries.
For $1,850, you can rent a bright, open-concept one-bedroom apartment that captures the neighborhood’s vibrant spirit.
This unfurnished unit is perfect for young professionals or couples who love being in the heart of the action.
With its stylish surroundings and cultural richness, Little Portugal offers an affordable way to experience Toronto’s west-end charm.
7. Fort York: Downtown Living with a View
Asking Price Per Month: $1,800
Address: 100 Fort York Blvd., Toronto, ON
Property Type: Furnished Private Bedroom
Description: Fort York offers a downtown lifestyle at a fraction of the cost.
For $1,800, you can rent a fully furnished private bedroom with a modern bathroom in a second-floor condo townhouse.
This self-contained unit includes a kitchenette, in-unit laundry, and a separate entrance, plus a scenic view of Canoe Landing Park.
Steps from transit, groceries, and the lakeshore, this rental is ideal for those who want to live in the heart of Toronto without the hefty price tag.
8. West Queen West: The Coolest Spot in Town
Asking Price Per Month: $1,700
Address: Lisgar St., Toronto, ON
Property Type: Furnished Room with Ensuite
Description: West Queen West, dubbed one of the world’s coolest neighborhoods by Vogue, is a haven for artists and trendsetters.
For $1,700, you can rent a furnished room with a private ensuite bathroom, complete with utilities, Wi-Fi, and access to a shared kitchen and balcony with stunning city views.
Located near Queen, King, and Dufferin transit routes, this rental offers unbeatable access to boutiques, galleries, and Trinity Bellwoods Park.
It’s perfect for those who want to live where the action is.
9. Distillery District: Historic Charm on a Budget
Asking Price Per Month: $1,700
Address: Parliament St., Toronto, ON
Property Type: Furnished Master Bedroom with Ensuite
Description: The Distillery District, with its cobblestone streets and Victorian architecture, is one of Toronto’s most charming neighborhoods.
For $1,700, you can rent a furnished master bedroom with an ensuite in a two-bedroom condo, leaving room in your $1,900 budget.
Located on quiet Parliament Street, this unit offers a rare chance to live in a historic area known for its art galleries and restaurants.
Perfect for those who value culture and ambiance.
10. Harbourfront: Lakeside Luxury for Less
Asking Price Per Month: $1,600
Address: Yonge St., Toronto, ON
Property Type: Unfurnished Private Bedroom
Description: Harbourfront is a sought-after neighborhood known for its Lake Ontario views and proximity to landmarks like the CN Tower.
For $1,600, you can rent a private bedroom with its own bathroom in a two-bedroom condo, with shared access to a den and kitchen.
This high-rise unit includes utilities, cable, internet, and amenities like a pool and fitness center.
Just two blocks from Union Station, it’s ideal for downtown workers or anyone who loves waterfront living.
11. St. Lawrence: Vibrant and Central
Asking Price Per Month: $1,600
Address: 60 Princess St., Toronto, ON
Property Type: Furnished Private Bedroom
Description: St. Lawrence is a downtown gem, home to the famous St. Lawrence Market and a lively mix of shops and restaurants.
For $1,600, you can rent a furnished main bedroom with utilities included, perfect for professionals working in the city’s core.
This rental offers unbeatable access to Toronto’s cultural and culinary hotspots, making it a fantastic choice for those who want to be in the heart of the action.
Which Neighborhood Would You Choose?
With $1,900, you can live in some of Toronto’s most iconic neighborhoods, from the luxurious Yorkville to the laid-back Beaches.
Each area offers unique perks, whether it’s proximity to transit, cultural vibrancy, or natural beauty.
If you’re drawn to high-end shopping and dining, Yorkville or Rosedale-Moore Park might be your pick.
For a trendy, artsy vibe, West Queen West or Little Portugal could be ideal.
Those craving waterfront views might lean toward Harbourfront or The Beaches, while downtown lovers might choose Fort York or St. Lawrence.
No matter your preference, these rentals prove you don’t need to break the bank to live well in Toronto.
Tips for Renting in Toronto on a $1,900 Budget
Check Amenities: Many rentals include utilities, Wi-Fi, or building perks like gyms and pools, which can stretch your budget further.
Consider Shared Spaces: Renting a private room in a shared condo, like in Harbourfront or St. Lawrence, can offer luxury at a lower cost.
Act Fast: Toronto’s rental market moves quickly, so be ready to view listings and apply promptly.
Explore Transit Options: Neighborhoods like The Annex and Yorkville offer excellent TTC access, saving you time and money on commuting.
Factor in Lifestyle: Choose a neighborhood that matches your vibe—whether it’s the artsy energy of West Queen West or the serene charm of Rosedale-Moore Park.
Why These Rentals Are a Steal in 2025
Toronto’s rental market is competitive, but these $1,900-or-less listings show that affordability is still possible in prime neighborhoods.
With prices confirmed as of July 2025, these deals won’t last long, as demand for budget-friendly rentals is high.
Whether you’re a newcomer to Toronto or a longtime resident looking to relocate, this guide highlights the incredible variety of options available.
From furnished rooms to spacious apartments, there’s something for every lifestyle and preference.
Rent in Toronto in Your Dream Home Today
Toronto’s neighborhoods offer a vibrant mix of culture, history, and modern living, and with a $1,900 budget, you can secure a home in some of the city’s most desirable areas.
Whether you’re drawn to the upscale allure of Yorkville, the waterfront charm of Harbourfront, or the trendy vibe of West Queen West, there’s a rental waiting for you.
Don’t miss out on these incredible deals—start your search today and find the perfect place to call home in Canada’s largest city!
Note: Prices are accurate as of July 2025 but may change.
Taxes and fees may apply.
Always verify details with the listing provider.
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