Discover The Most Affordable Neighbourhoods In Toronto 2024

Toronto is one of Canada’s most amazing cities and given that it is thought of as the most prominent city in the great white North, one can expect the cost of living and affordability to be abysmal in this city. Think about the great cities of America: New York City, Los Angeles, Chicago etc. and how much does living there cost. And yet, one of the great things about Toronto is the fact that compared to its other global counterparts, it is still relatively inexpensive and livable, even during a global cost-of-living crisis.

In this blog post, we will discuss some of the most affordable neighbourhoods in Toronto and how you can find the best possible lifestyle and living options within these neighbourhoods across Toronto. 

Aside from the cheapest neighbourhoods in Toronto for 2024, we will also discuss how Toronto Boutique Apartments (TBA) is bringing Toronto residents the best living solutions for amazing prices: whether its long-term rentals or short-term rentals, TBA gets you the best in Toronto. 

Let’s start with the most affordable neighbourhoods in Toronto. 

Most Affordable Neighbourhoods In Toronto: The List

Our list of the most affordable neighbourhoods in Toronto will help you pin down the locale you want to live in without breaking the bank, allowing you to maintain a lifestyle for yourself by living in one of Canada’s best cities. 

Parkway Forest

Located in Toronto’s former suburb of North York, Parkway Forest lies northwest of the 401 and Don Valley Parkway intersection. With convenient access to the TTC’s Sheppard-Yonge subway line at Don Mills station, this neighbourhood is excellent for commuters looking to live affordably outside of the city center. Parkway Forest Drive winds through the community, connecting residents to the bustling Fairview Mall. Here, shoppers can find their favourite big-box retailers, plus a wide selection of eateries and services. However, the community’s main attraction is Parkway Forest Park, where residents can enjoy two playgrounds, a baseball field and courts for tennis and basketball.

Kingsway South

Kingsway South is another one of these neighbourhoods in Toronto that are pocket-friendly and wont cost an arm and leg to live there. For starters, the surroundings are filled with marketplaces and affordable shopping centers that make living there quite easy. The prices for both apartments and houses in Kingsway South are very much affordable, and rentals are equally affordable, allowing people to look for their preferred option in the neighbourhood. The place also has some equally amazing parks and other amenities that make living there quite easy. All in all, Kingsway South is a good inexpensive place to live in Toronto. 

West Humber Clairville

West Humber-Claireville is tucked away in Toronto’s west end, just east of Pearson International Airport. Its proximity to the airport, Highway 401 and many public transit systems make it a convenient location for commuters. The area is surrounded by green spaces, including the Claireville Conservation Area, Humberwood Park and Humber Valley Golf Course. Other highlights include the BAPS Shri Swaminarayan Mandir Hindu Temple, Humber College North and Woodbine Mall. Residents can also access reasonably priced goods, services and groceries, with options available at Dr. Flea’s, Panchvati Supermarket and BestCo Food Mart.

Scarborough City

Scarborough City Centre was once a part of the independent municipality of Scarborough before merging with Greater Toronto in 1998. Situated in the city’s east end, it’s bordered by Highway 401 to the north, Ellesmere Road to the south, Markham Road to the east, and Midland Avenue to the west. Although it was created as Scarborough’s main commercial center, Albert Campbell Square and Scarborough Civic Centre have added greenery to an otherwise tower-strewn landscape. The neighbourhood is home to Scarborough Town Centre, where locals have access to more than 250 stores and a movie theatre. They’re also within walking distance of the Toronto Trade Commission’s (TTC) Line 3, with stops at McCowan, Scarborough Centre, and Midland stations. The overall effect is a well-connected neighbourhood that’s increasingly appealing to budget-conscious buyers. Those looking for cheap places to live in Toronto can choose from a wide selection of Scarborough City Centre condos. Many residences enjoy convenient on-site amenities such as fitness centers and indoor pools, with high-floor condos offering views of Toronto’s cityscape.

Hillside

Hillside is the only Toronto neighbourhood that’s part of a large conservation park, as Rouge National Urban Park bounds it. And while those unfamiliar with the area might mistake it for one of Toronto’s most expensive neighbourhoods thanks to its handsome architecture and wide-open spaces, this isn’t the case. With over 75 square kilometres of wilderness, Rouge Park is ideal for nature lovers who want easy access to the east end’s array of shops, restaurants and entertainment.

Thorncliffe Park

Thorncliffe Park emerged in the early 1800s when George Taylor settled there and named his home “Thorn Cliff.” It transformed from Canada’s top spot for racehorse breeders to a bustling neighbourhood. Located north of Don Valley Parkway and south of Eglinton Avenue, the area boasts lots of green space and abundant retail options. Here, the East York Town Centre contains the likes of Dollarama, Food Basics, and Shoppers Drug Mart. About half a dozen buses connect residents with Pape Station on the Bloor-Danforth subway line. For recreation, residents are minutes from the Jenner Jean-Marie Community Centre, E.T. Seton Park, Vanderhoof Skatepark and Edwards Gardens. Thorncliffe Park is an excellent area for budget-savvy buyers and investors, as prices are generally relatively low.

Flemingdon Park

Home to the Ontario Science Centre, Flemingdon Park is a multicultural neighbourhood located in Toronto’s North York district. The neighbourhood was named after R.J. Fleming, Toronto’s 27th mayor, who built his farm estate there in the late 1800s. The “don” portion of the name is a nod to the Don River, which flows east of Don Valley Parkway. The parkway is Flemingdon’s main thoroughfare, providing quick access to the neighbouring communities of Thorncliffe Park and Don Mills. Public transportation is provided by buses on the Don Mills and Eglinton routes, with connections at Pape Station on the Bloor-Danforth subway line and the Don Mills station on the Sheppard line; this public transit access makes travel to Toronto’s best suburbs a breeze. Residents also enjoy access to Playground Paradise, one of Toronto’s most popular indoor playgrounds, and the nearby Flemingdon Park Shopping Centre.

Crescent Town

As one of the most affordable neighbourhoods in Toronto, Crescent Town offers a variety of condos in a former dairy farm in the late 19th century that has since transformed into Crescent Town. The community is nestled in Toronto’s east end, between Victoria Park Avenue and Dawes Road. Residents are within walking distance of Dentonia Park Golf Course and Crescent Town Club. The golf course features an 18-hole layout with undulating fairways and sand bunkers, while the town club boasts a 25-metre swimming pool, an indoor track, and a fitness center.

TBA

For the best one-bedroom, two-bedroom, and three-bedroom apartment rentals in the greater Toronto area, Toronto Boutique Apartments (TBA) has some of the best options available. Spread throughout some of the most exclusive neighbourhoods of Toronto with amazing views and access to all amenities, the apartment rentals will make sure that your stay, whether its for business or travelling, is exceptionally well and memorable. Explore the beautiful city of Toronto during the day and retire to your exceptionally-appointed luxury apartment during the evening to experience the trip of a lifetime, only with TBA.

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