Cheapest Student Accommodation in Toronto: Looking for cheapest student accommodation in Toronto? You’re in the right place! Toronto, known for its vibrant city life and world-class universities, offers plenty of options for students on a budget.
Whether you’re seeking shared apartments, dormitories, or private rooms, finding affordable and comfortable housing can make your student life much easier. In this guide, we’ll explore some of the best and cheapest student accommodation in Toronto, helping you save money while enjoying your academic journey in this city.
Table of contents
5 Cheapest Student Accommodation in Toronto
Finding affordable and cheapest student accommodation in Toronto can be a challenge, but there are plenty of budget-friendly options to help you save while living comfortably. Here’s a list of the five cheapest student accommodations in Toronto based on weekly rental prices:
15 Vena Way
If you’re on a tight budget, 15 Vena Way is one of the most affordable student accommodation in Toronto. Located in a well-connected area, it provides easy access to public transportation, grocery stores, and other essential services. The rooms are spacious and come with basic amenities to meet your everyday needs. Its low cost makes it ideal for students looking to minimize expenses.
- Address: 15 Vena Way, Toronto, ON M9M 2V9, Canada
- Price: From CAD 224.98/week
- Room Options: 4 types available
12 & 14 York Street
12 & 14 York Street is situated in the heart of Toronto’s vibrant downtown area. This property is perfect for students who want to live close to major universities and enjoy city life. Despite being affordable, the property offers modern facilities, well-maintained rooms, and easy access to cafes, shopping centers, and public transit. Its balance of cost and location makes it a popular choice for budget-conscious students.
- Address: 12 & 14 York Street, Toronto, ON M5J 0A9, Canada
- Price: From CAD 255.01/week
- Room Options: 6 types available
100 Wellesley Street East
100 Wellesley Street East, a centrally located property, offers great value for students. Close to major universities and transit lines, it ensures both affordability and convenience. With prices starting at just CAD 265.02 per week, it’s an excellent option for students looking for the cheapest student accommodation in Toronto that don’t sacrifice quality.
- Address: 100 Wellesley Street East, Toronto, ON, M4Y 1H5
- Price: From CAD 265.02/week
- Room Options: 3 types available
561 Sherbourne Street
561 Sherbourne Street is another fantastic option for students seeking economical housing. With a variety of room options and close proximity to universities like Ryerson and the University of Toronto, it is an ideal choice. The property combines affordability with a convenient location, making it one of the cheapest student accommodation in Toronto.
- Address: 561 Sherbourne St, Toronto, ON M4X 0A1, Canada
- Price: From CAD 265.02/week
- Room Options: 7 types available
Islington (Etobicoke)
Located in a peaceful neighborhood, Islington (Etobicoke) is perfect for students who prefer to live away from the hustle and bustle of the city center. With affordable pricing and easy access to Toronto’s public transport, this property is a fantastic choice for those seeking the cheapest student accommodation in Toronto in a calm and serene environment.
- Address: 139 Eighth Street, Etobicoke, ON, M8V 3C8
- Price: From CAD 275.03/week
- Room Options: 2 types available
Also Read:
- Cheap Student Accommodation in Dublin for Students Abroad
- Cheapest Student Accommodation in Sydney [2025]
Why Choose Toronto for Your Studies?
Toronto is an excellent choice for students due to its world-class educational institutions, vibrant multicultural atmosphere, and abundant career opportunities. As Canada’s largest city, it offers a diverse range of programs and research opportunities, along with access to top universities and colleges. The city’s vibrant arts, culture, and entertainment scenes ensure a well-rounded student experience. Additionally, Toronto’s strong economy and connections to global industries make it an ideal place for internships and job prospects after graduation.
Also Read:
- How to Find Cheap Accommodation in the USA for Students
- Top 5 Cheapest Student Accommodation in Brisbane [2025]
Types of Student Accommodation in Toronto
In Toronto, students can find affordable accommodation options such as university halls, shared houses, private flats, and student studios. University halls are ideal for those who enjoy a social atmosphere, while private flats and studios offer more privacy for independent living. These options provide great value for students seeking comfort on a budget. Here are some of the best types of student accommodation in Toronto for students seeking a comfortable stay:
1. University Dormitories
University dormitories are typically located on-campus and offer students the convenience of living near their classes. These accommodations are often in shared rooms, and students may also share common areas like kitchens and bathrooms. Many dorms include meal plans, making them a practical option for students who prefer not to worry about cooking. However, for those searching for the cheapest student accommodation in Toronto, off-campus housing might offer more budget-friendly choices.
2. Off-Campus Apartments
Off-campus apartments are independent living spaces located near university campuses. These can be single apartments or shared units. Off-campus living is a more affordable option than on-campus housing, making it ideal for students looking for the cheapest student accommodation in Toronto while still maintaining a high level of independence.
3. Shared Apartments/Houses
Renting a room in a shared apartment or house is one of the most affordable options for students. This allows students to split rent and utilities with roommates, making the cost of living much lower. For students looking to find the cheapest student accommodation in Toronto, sharing a home is a practical and budget-friendly solution.
4. Homestays
Homestays involve living with a local family who provides a room and meals in exchange for rent. Living with a host family can also help students improve their language skills and feel more integrated into their new environment. For those looking for a budget-friendly and culturally immersive experience, homestays can be a great way to find affordable student accommodation in Toronto.
5. Private Rentals
Private rentals involve renting an apartment or house directly from a landlord or property management company. These can vary in price depending on the location, size, and condition of the property. While private rentals typically require a longer-term lease, students may find more affordable options in certain areas, making them a solid choice for those seeking affordable student accommodation in Toronto.
Tips for Finding Cheapest Student Accommodation in Toronto
Finding cheapest student accommodation in Toronto can be challenging, but with the right approach, it’s absolutely manageable. Here are some easy tips to help you find cheap student accommodation in Toronto:
- Start Early: Begin your search well in advance to get better deals and more options.
- Consider Shared Accommodation: Opting for shared rooms or apartments can significantly lower costs.
- Use Student Housing Platforms: Check platforms like Facebook groups and student-specific websites for affordable options.
- Check Different Neighborhoods: Areas slightly further from downtown or university campuses may have more affordable rates.
- Negotiate the Rent: Some landlords may be open to negotiating rent, especially if you’re renting for a longer period.
- Compare Prices: Take the time to compare different properties to ensure you’re getting the best deal.
- Look for All-Inclusive Deals: Some properties include utilities in the rent, saving you from additional monthly costs.
- Consider Dormitories: On-campus dorms can sometimes be the cheapest option for students, especially with meal plans included.
Ultimately, Toronto offers various options for cheapest student accommodation, from on-campus dorms to shared apartments and sublets. By exploring different choices and planning ahead, students can find affordable housing that suits both their budget and lifestyle.
Hope you liked reading our blog about the Cheapest Student Accommodation in Toronto. For a stress-free stay during your study abroad adventure, choose Fly Homes. Call 1800572118 to reserve your ideal accommodation abroad with ease.
FAQs on Cheapest Student Accommodation in Toronto
Some of the cheapest options in Toronto include properties like 15 Vena Way, 12 & 14 York Street, and 100 Wellesley Street East. Prices for these start from CAD 224.98 per week. These accommodations offer affordability without compromising basic amenities and convenience, making them great choices for students on a budget.
While on-campus dormitories are often considered affordable and convenient due to their proximity to university campuses, they might not always be the cheapest. Off-campus shared apartments or houses tend to be more affordable, especially if you are willing to live a little further from the campus.
The cost of student accommodation in Toronto varies depending on the property and location. On average, prices range from CAD 224.98 to CAD 419.79 per week. Areas closer to the city center or major universities may be more expensive, while those a bit further away might offer more affordable rates.
It is recommended to start your accommodation search at least 3 to 4 months before your study program begins. Booking early gives you more options, better deals, and allows you to secure a property in your preferred neighborhood before places fill up.
Yes, many student accommodations in Toronto offer short-term leases for those who need temporary housing for a semester or a few months. Some properties even cater to international students who may only need accommodation for the duration of their studies, which is perfect for those on exchange programs or short-term courses.
In Toronto, students can find a variety of accommodation options, including university dormitories, off-campus apartments, shared houses, homestays, and private rentals. Each of these options comes with different price ranges and levels of privacy, so students can choose according to their preferences and budget.
To find the cheapest student accommodation, consider using student-specific housing platforms, social media groups, or university bulletin boards. It’s also a good idea to compare prices, check properties in different neighborhoods, and explore various types of housing options like shared apartments or off-campus dorms. Starting early will give you more choices at better prices.
Yes, most student accommodations in Toronto are well-connected to the city’s public transportation system, including subways, buses, and streetcars. This makes commuting to and from campus easy and affordable, especially for students who live further away from the university.
In some cases, landlords may be open to negotiating the rent, especially for long-term leases or during off-peak rental seasons. It’s always worth asking if the rent is flexible or if there are any discounts available, particularly if you plan to stay for a longer period or are willing to pay upfront.
Yes, areas like Queen Street West, The Annex, and Kensington Market are popular student neighborhoods in Toronto. These areas are home to many student accommodations, offering both affordability and proximity to universities and other student services.
Follow Us on Social Media
