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Affordable Homes Toronto – Smart Choices in a Competitive Market

Looking for affordable homes in Toronto? Whether you’re a first-time buyer, investor, or downsizer, Toronto has a variety of budget-friendly housing options—from condos and townhomes to semi-detached and older detached homes in up-and-coming areas.

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We have found a total of 3,129 listings, but only 1,500 are available for public display. Please refine your criteria, in order to narrow the total number of matching listings.
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  • 325 The West Way in Toronto: Willowridge-Martingrove-Richview House for lease (Toronto W09) : MLS®# W13212392

    325 The West Way Willowridge-Martingrove-Richview Toronto M9R 1H1
    Main Photo: 325 The West Way in Toronto: Willowridge-Martingrove-Richview House for lease (Toronto W09) : MLS®# W13212392

    325 The West Way Toronto M9R 1H1 Willowridge-Martingrove-Richview

    $4,000
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W13212392
    Bedrooms:
    5
    Bathrooms:
    3
    Beautifully Updated Four Level Back Split. 4+1 Bedrooms, 3 Bathrooms, 2 Updated Kitchens, 2 Laundries, Finished Basement With Walk Out And Separate Entrance. Close To All And TTC At Door Step. More details
    Listed by HOMECOMFORT REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 1487 King Street in Toronto: South Parkdale House for lease (Toronto W01) : MLS®# W13211822

    1487 King Street South Parkdale Toronto M6K 1J4
    Main Photo: 1487 King Street in Toronto: South Parkdale House for lease (Toronto W01) : MLS®# W13211822

    1487 King Street Toronto M6K 1J4 South Parkdale

    $1,899
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W13211822
    Bedrooms:
    1
    Bathrooms:
    1
    Feast your eyes on this lovely and airy 1-bedroom lower-level suite in the heart of vibrant South Parkdale! Offering approximately 550 sq. ft. of bright, spacious, and tastefully updated living space, this charming unit features ensuite laundry, parking, radiant heating, and all-inclusive utilities for added comfort and convenience. Enjoy stunning lake views from the backyard and experience everything this sought-after neighbourhood has to offer, including parks, transit, shops, cafes, and the waterfront just moments away. The unit shows beautifully and is truly move-in ready. Don't miss this fantastic opportunity to live in one of Toronto's most desirable communities - a must-see! More details
    Listed by RE/MAX PREMIER INC.
    LISTING DETAILS
    DARYL KING

  • Lower 609 Mortimer Avenue in Toronto: Danforth Village-East York House for lease (Toronto E03) : MLS®# E13211830

    Lower 609 Mortimer Avenue Danforth Village-East York Toronto M4C 2J6
    Main Photo: Lower 609 Mortimer Avenue in Toronto: Danforth Village-East York House for lease (Toronto E03) : MLS®# E13211830

    Lower 609 Mortimer Avenue Toronto M4C 2J6 Danforth Village-East York

    $2,600
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E13211830
    Bedrooms:
    2
    Bathrooms:
    1
    Totally Renovated Legal 2nd Unit At The Heart Of East-York. Steps Walking To East-York Civic Centre, Hospital, Schools, Library, T.T.C, Park, Easy Access To Danforth Subway And Woodbine Beach. South Facing, Bright, Lots Of Pot Lights, Quartz Count Top, New Insulation, Air Condition. More details
    Listed by HOMELIFE LANDMARK REALTY INC.
    LISTING DETAILS
    DARYL KING

  • WALK OUT - BSMT 917 Royal York Road in Toronto: Stonegate-Queensway House for lease (Toronto W07) : MLS®# W13211904

    WALK OUT - BSMT 917 Royal York Road Stonegate-Queensway Toronto M8Y 2V8
    Main Photo: WALK OUT - BSMT 917 Royal York Road in Toronto: Stonegate-Queensway House for lease (Toronto W07) : MLS®# W13211904

    WALK OUT - BSMT 917 Royal York Road Toronto M8Y 2V8 Stonegate-Queensway

    $1,850
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W13211904
    Bedrooms:
    1
    Bathrooms:
    1
    Move-in ready! This brand-new, hotel-style 1-bedroom basement apartment is completely renovated and features the latest state-of-the-art ventilation system. Even though it's a basement unit, it boasts large, bright windows that let in plenty of natural light. You'll also love the professionally designed, sun-drenched private garden that's all yours to enjoy. Location-wise, it's unbeatable-just a few minutes' walk to the subway station. Best of all? The rent is practically all-inclusive, covering water, Hydro an gas. Just bring your bags and move right in! More details
    Listed by HOMENET REALTY INC.
    LISTING DETAILS
    DARYL KING

  • Lower 173 Rathburn Road in Toronto: Islington-City Centre West House for lease (Toronto W08) : MLS®# W13211918

    Lower 173 Rathburn Road Islington-City Centre West Toronto M9B 2L2
    Main Photo: Lower 173 Rathburn Road in Toronto: Islington-City Centre West House for lease (Toronto W08) : MLS®# W13211918

    Lower 173 Rathburn Road Toronto M9B 2L2 Islington-City Centre West

    $2,250
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W13211918
    Bedrooms:
    3
    Bathrooms:
    1
    Welcome to 173 Rathburn Rd - a spacious and beautifully appointed lower-level lease offering over 1,200 sq ft of comfortable living space in one of Etobicoke's most established family-friendly neighbourhoods. This bright and expansive suite features 2 generous bedrooms plus a versatile den/rec room, ideal for a home office, media lounge or gym. All utilities and Wifi are an additional $150/Month. as well as 1 driveway parking spot included. Perfectly situated near excellent schools, lush parks, and everyday conveniences, this home is just moments from TTC bus routes including Rathburn Rd at Lloyd Manor Rd and Rathburn Rd at Kipling Ave, with quick access to Kipling Station, major highways, and the Gardiner. Residents will love being close to green spaces like West Deane Park and Ravenscrest Park, while shopping, dining, and daily essentials are only minutes away at CF Sherway Gardens. A fantastic opportunity to enjoy spacious living in a highly connected West Toronto location. Photos are virtually staged. More details
    Listed by ROYAL LEPAGE SIGNATURE REALTY
    LISTING DETAILS
    DARYL KING

  • Basement Apt 83 Mintwood Drive in Toronto: Bayview Woods-Steeles House for lease (Toronto C15) : MLS®# C13212090

    Basement Apt 83 Mintwood Drive Bayview Woods-Steeles Toronto M2M 3A6
    Main Photo: Basement Apt 83 Mintwood Drive in Toronto: Bayview Woods-Steeles House for lease (Toronto C15) : MLS®# C13212090

    Basement Apt 83 Mintwood Drive Toronto M2M 3A6 Bayview Woods-Steeles

    $1,300
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    C13212090
    Bedrooms:
    2
    Bathrooms:
    1
    Bright and Spacious Basement Apartment With 2 Bedrooms & 1 Washroom & Large Kitchen in High Demand Mature Neighbourhood. Walk To Wonderful High Ranked Schools A.Y. Jackson, Zion Heights, Chiropractic Institute. Very Convenient Location, Steps To Parks, Ttc & Go Station, Library, Plaza, Shoppers Drug Mart, Banks &Tim Hortons. More details
    Listed by AIMHOME REALTY INC.
    LISTING DETAILS
    DARYL KING

  • Basement 15 Saintsbury Square in Toronto: Milliken House for lease (Toronto E07) : MLS®# E13212096

    Basement 15 Saintsbury Square Milliken Toronto M1V 3K1
    Main Photo: Basement 15 Saintsbury Square in Toronto: Milliken House for lease (Toronto E07) : MLS®# E13212096

    Basement 15 Saintsbury Square Toronto M1V 3K1 Milliken

    $1,200
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E13212096
    Bedrooms:
    1
    Bathrooms:
    1
    Furnished basement apartment with separate entrance featuring 1 bedroom and 1 bathroom. Includes private kitchen and shared laundry with upstairs. Furnished basement apartment with separate entrance featuring 1 bedroom and 1 bathroom. Includes private kitchen and shared laundry with upstairs tenant. Utilities are shared at 30%. Move-in ready. Conveniently located close to all amenities including schools, parks, supermarkets, restaurants, and public transit. More details
    Listed by AVION REALTY INC.
    LISTING DETAILS
    DARYL KING

  • Lower 39 Shamokin Drive in Toronto: Parkwoods-Donalda House for lease (Toronto C13) : MLS®# C13212206

    Lower 39 Shamokin Drive Parkwoods-Donalda Toronto M3A 3H9
    Main Photo: Lower 39 Shamokin Drive in Toronto: Parkwoods-Donalda House for lease (Toronto C13) : MLS®# C13212206

    Lower 39 Shamokin Drive Toronto M3A 3H9 Parkwoods-Donalda

    $1,790
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    C13212206
    Bedrooms:
    2
    Bathrooms:
    1
    Available Immediately. Bright And Well-maintained Basement Apartment Located In A Quiet, Family-friendly Neighbourhood At 39 Shamokin Dr, Toronto. This Spacious Unit Features A Functional Layout With Generous Living Space, Private Entrance, Comfortable Bedrooms, And A Full Bathroom. Large Windows Provide Plenty Of Natural Light Throughout. Conveniently Located Close To TTC, Schools, Parks, Shopping, Restaurants, And Major Highways 401/404/DVP/407. Ideal For Professionals, Students, Or Small Families. Tenant To Pay Portion Of Utilities. Landlord Can Offer The Unit Furnished, Partially Furnished, Or Unfurnished, And All Existing Furniture Can Be Removed Upon Tenant's Request. Landlord May Also Consider Leasing As A 1 Bedroom + Living Room Configuration At A Reduced Rental Rate Depending On Tenant's Needs. Move-in Ready. More details
    Listed by EXP REALTY
    LISTING DETAILS
    DARYL KING

  • 43 Berner Trail in Toronto: Malvern House for lease (Toronto E11) : MLS®# E13212122

    43 Berner Trail Malvern Toronto M1B 1B1
    Main Photo: 43 Berner Trail in Toronto: Malvern House for lease (Toronto E11) : MLS®# E13212122

    43 Berner Trail Toronto M1B 1B1 Malvern

    $2,900
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E13212122
    Bedrooms:
    3
    Bathrooms:
    2
    Beautiful Detached Home, Located In A Quiet Convenient And Highly Demand, 3 Bedrooms 2 Washroom, Spacious Main Floor, Close To Highway 401, Community Center, Library, Elementary & High School, Shopping Mall, Medical Building, Banks, And Many More. You Won't Be Disappointed! Tenant Responsible For Snow Removal For The Walkway.Wont Last Long. More details
    Listed by RE/MAX CROSSROADS REALTY INC.
    LISTING DETAILS
    DARYL KING

  • Upper 11 Etienne Street in Toronto: Clairlea-Birchmount House for lease (Toronto E04) : MLS®# E13212198

    Upper 11 Etienne Street Clairlea-Birchmount Toronto M1L 0A2
    Main Photo: Upper 11 Etienne Street in Toronto: Clairlea-Birchmount House for lease (Toronto E04) : MLS®# E13212198

    Upper 11 Etienne Street Toronto M1L 0A2 Clairlea-Birchmount

    $3,000
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    E13212198
    Bedrooms:
    3
    Bathrooms:
    3
    Naturely Bright beautiful 3BR Upper-Unit Townhouse - Steps to Warden Station! Spacious 3-storey end-unit townhouse (like a semi) in a prime Scarborough location. Comes with a Upper-level 3-bedroom, Newly renovated 3 washroom, Walking Closet + ensuite washroom with a luxury master bedroom, Open concept gourmet kitchen adorns with quartz stone countertop & breakfast island added more modern look with a wide dining area. Glass sliding juliet belcony from a huge living room invite you to enjoy a beautiful outdoor panorama view, upper level laundry room offer a convenience, Private outdoor backyard access invites you to enjoy outdoor morning coffee. Only 2 parking spaces included. Convenient location near Warden & St. Clair, close to TTC, mosque, schools, parks, shopping, and major highways. Perfect for professionals, families, healthcare & IT workers. Pls A+++ Tenants Only, 70% utilities paid by tenants. Move-in Aug 1st. No Smoking & Strickly No Pets.(Its a attached townhouse, Landlord not interested to destroy neighbours peace or tranquility) First+Last Rent, Must provide 10 Post-Dated Cheques. More details
    Listed by CENTURY 21 TITANS REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 1 1582 Queen Street W in Toronto: Roncesvalles House for lease (Toronto W01) : MLS®# W13212398

    1 1582 Queen Street W Roncesvalles Toronto M6R 1A6
    Main Photo: 1 1582 Queen Street W in Toronto: Roncesvalles House for lease (Toronto W01) : MLS®# W13212398

    1 1582 Queen Street W Toronto M6R 1A6 Roncesvalles

    $1,450
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W13212398
    Bedrooms:
    1
    Bathrooms:
    1
    Spacious, Bright 1 Bedroom Apartment Available In Parkdale. Large Bedroom, Open Concept Kitchen With Walkout To Back Patio. Steps From Great Restaurants, Shops, Transit. More details
    Listed by HOMEWISE REAL ESTATE
    LISTING DETAILS
    DARYL KING

  • 05 625 Harvie Avenue in Toronto: Caledonia-Fairbank House for lease (Toronto W03) : MLS®# W13212406

    05 625 Harvie Avenue Caledonia-Fairbank Toronto M6E 4M4
    Main Photo: 05 625 Harvie Avenue in Toronto: Caledonia-Fairbank House for lease (Toronto W03) : MLS®# W13212406

    05 625 Harvie Avenue Toronto M6E 4M4 Caledonia-Fairbank

    $2,300
    Residential Freehold
    Status:
    For Lease
    MLS® Num:
    W13212406
    Bedrooms:
    1
    Bathrooms:
    1
    Garden Suite Unit. Welcome to Harvie Avenue in Toronto's West Caledonia-Fairbank neighbourhood. This new-build, one-bedroom garden suite with 12-foot high ceilings, offers bright, open-concept living enhanced by expansive windows and contemporary finishes throughout.The sleek kitchen features quartz countertops and stainless steel appliances, flowing seamlessly into the main living space - ideal for everyday living and entertaining. One well-proportioned bedroom provides comfort and flexibility. One large modern bathroom is finished with clean, contemporary detailing. Ideally located close to Fairbank Memorial Community School and just a ten-minute walk to the Eglinton-Calendonia LRT and future GO Train station, this residence offers exceptional urban connectivity in a rapidly evolving west-end community-an excellent opportunity for end-users seeking contemporary city living. ***Internet included in rent. Hydro, gas and water will be the responsibility of the tenant. Parking is available in abundance on-street, directly in front of building by way of City of Toronto parking permit and landlord to cover the cost for the first year. Property is under 24-hour surveillance. Construction completion within the next 3 weeks. More details
    Listed by SUTTON GROUP OLD MILL REALTY INC.
    LISTING DETAILS
    DARYL KING
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Data was last updated May 29, 2026 at 12:15 PM (UTC)
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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Why Choose an Affordable Home in Toronto

• Entry-level pricing in the heart of the GTA
• Located in emerging neighbourhoods with long-term growth
• Ideal for first-time buyers or investors
• Lower property taxes and maintenance costs
• Quick access to TTC, GO Transit, and essential amenities

Affordable Homes – What You’ll Find in Toronto

Toronto’s most affordable housing options may include resale condos, starter townhouses, and smaller detached or semi-detached homes featuring:

• 1 to 3 bedroom layouts with efficient floorplans
• Older homes with renovation potential
• Condo units in mid-rise or low-rise buildings with reasonable maintenance fees
• Proximity to transit, parks, schools, and shopping districts

Start Your Search for Affordable Homes in Toronto Today

Browse our updated listings of affordable homes in Toronto and let our experienced team help you book viewings, arrange financing, and navigate the market. We’re here to make your homeownership journey easier without breaking the bank.

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Each link provides updated listings and expert insights.

FAQs – Affordable Homes Toronto

1. What is considered an affordable home in Toronto?
Typically, homes under $700,000 are considered affordable by Toronto standards, though this can vary by property type and location.

2. Are there affordable detached homes in Toronto?
They are limited but possible—often in outer neighbourhoods or smaller footprints with renovation potential.

3. What areas in Toronto have affordable housing options?
Neighbourhoods like Scarborough, East York, Weston, and parts of North York often offer more affordable prices.

4. Can first-time buyers qualify for incentives on affordable homes?
Yes. Programs like the First-Time Home Buyer Incentive and Land Transfer Tax rebates can help reduce upfront costs.

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When it comes to buying a home, you deserve real estate guidance from a team that truly cares about your long-term investment and client experience. Find out what it’s like to get the Royal Treatment by booking a buying consultation today.

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