The top 5 cheapest places to live in Toronto

If you're looking for a cheap place to live in Toronto, these are the best options. These areas have affordable housing and are close to public transit, making them ideal for budget-minded individuals.

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Toronto is one of the most expensive cities in Canada. If you’re looking to save some money, you’ll need to know where the cheapest places to live are.

Here are the top 5 cheapest places to live in Toronto.

  • Scarborough
  • Etobicoke
  • North York
  • East York
  • Mississauga

Toronto is a great city, but it can be expensive. If you’re moving to Toronto on a budget, you’ll want to know the cheapest places to live. Here are 5 of the cheapest places to live in Toronto.

Scarborough

Scarborough is a great option for people looking for a cheap place to live in Toronto. The average rent for a one-bedroom apartment in Scarborough is $1,200 per month. There are also many public transit options available, making it easy to get around the city. Scarborough is an excellent option for those looking for an affordable place to live in Toronto. The average rent for a one-bedroom apartment in Scarborough is $1,200, which is significantly lower than the average rent in Toronto, which is $2,000. Scarborough is also home to a number of parks and recreation centres, so you can enjoy the outdoors without spending a lot of money.

Etobicoke

Etobicoke is another cheap option for people looking to live in Toronto. The average rent for a one-bedroom apartment in Etobicoke is $1,300 per month. There are also many parks and green spaces in Etobicoke, making it a great place to live if you’re looking for some nature within the city. Etobicoke is another affordable option for those looking to save money on rent in Toronto. The average rent for a one-bedroom apartment in Etobicoke is $1,300, which is slightly higher than the average rent in Scarborough. Etobicoke is also home to a number of great restaurants and cafes, so you won’t have to spend a lot of money on food.

North York

North York is another cheap option for people looking for an affordable place to live in Toronto. The average rent for a one-bedroom apartment in North York is $1,400 per month. North York also has many different neighbourhoods with their own unique character, so you’re sure to find one that suits your style. North York is the third cheapest place to live in Toronto. The average rent for a one-bedroom apartment in North York is $1,400, which is still significantly lower than the average rent in Toronto. North York is also home to a number of museums and art galleries, so you can enjoy the arts without spending a lot of money.

East York

East York is another great option for those looking for a cheap place to live in Toronto. The average rent for a one-bedroom apartment in East York is $1,500 per month. East York is also home to many different cultural attractions and events, making it a great place to live if you’re looking for some excitement within the city.

Mississauga

Mississauga is the final cheap option on our list for people looking for an affordable place to live in Toronto. The average rent for a one-bedroom apartment in Mississauga is $1,600 per month. Mississauga is also home to many shopping centres and restaurants, so you’ll never be bored if you live here!

There are a few different factors that you need to consider when determining the cheapest areas to live in Toronto. The first is the average rent prices in each neighbourhood. The second is the cost of living, which takes into account things like groceries, transportation, and utilities. And the third is the crime rate, as neighbourhoods with higher crime rates tend to be less desirable (and therefore more affordable).

Some of the cheapest neighbourhoods in Toronto include Regent Park, Parkdale, and Alexandra Park. However, it’s important to remember that there are pros and cons to living in each neighbourhood. For example, Regent Park is one of the most affordable neighbourhoods but it also has a higher crime rate than other parts of the city. So you’ll need to decide what’s most important to you before you make your decision.

There are a few different ways that you can save money on rent in Toronto. One way is by finding a roommate or roommates with whom you can split the cost of rent and utilities. Another way is by looking for apartments or houses that are outside of the downtown core – while rents will be cheaper in these areas, you’ll likely have a longer commute into work each day. Finally, you can look for furnished apartments or rooms that come with utilities included in the rent price – this can be a great option if you’re only planning on living in Toronto for a short period of time.

The best way to find affordable housing in Toronto is by using an online search tool like PadMapper or Kijiji Apartments. These tools allow you to search for apartments or houses based on your budget and location preferences. You can also try contacting a real estate agent who specializes in renting properties in Toronto – they may have some great insider tips on where to find hidden gems that fit your budget.

The cost of living in Toronto varies depending on which neighbourhood you choose to live in and your personal lifestyle choices. However, according to Numbeo, the average monthly cost of living for a single person in Toronto is $2,265 CAD (excluding rent). This includes costs like food, transportation, utilities, and entertainment. If you’re planning on moving to Toronto, it’s important to have a realistic budget set up before making the move so that you don’t end up struggling financially once you’re there.

Moving to a new city is an exciting but also daunting prospect – especially if that city is as expensive as Toronto! There are so many things to think about when making the move, from finding a job to finding a place to live. To help make your transition easier, we’ve answered some of the most frequently asked questions about finding the cheapest places to live inToronto . Now all that’s left for you do is start packing!

Conclusion:

Many cheap options are available for people looking to move to Toronto on a budget. Scarborough, Etobicoke, North York, East York, and Mississauga are all great choices if you’re looking for an affordable place to live within the city limits. Do some research and find the neighbourhood that best suits your needs and budget! If you’re looking for an affordable place to live in Toronto, you should consider Scarborough, Etobicoke, or North York. These neighbourhoods are significantly cheaper than downtown Toronto and offer a variety of amenities and attractions.

Vik Palan

Vik Palan

Chief Editor - Ratestead.ca

Ratestead.ca
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