Toronto is a buzzing city in the province of Ontario adorned with numerous skyscrapers and the all-famous CN Tower. This is one of the places where you will find the finest landscapes, exquisite restaurants offering traditional foods of Canada and parks-worthy venture if you are visiting for a few days. Even more, there are several fantastic places which you can check out for a stay while visiting this beautiful city. Traveling on a budget? These options have pocket-friendly prices and amazing interiors that will make you want to come back again for another visit! Come spend a holiday in this magical place. Here are some prime choices for places to stay on a budget in Toronto, Canada.
We handpicked these listings carefully, considering (wherever possible) Superhost status, recent guest reviews, location, accommodation type, prices, availability of dates, decor, and amenities. The image galleries get refreshed with the latest updates regularly. They were last updated on October 22, 2025.
1. Cozy basement studio (from USD 204)
This cozy, basement-level studio welcomes pets! Experience the conveniences and luxury of extended stay living right at home within the Roncesvalles area.
Savor the taste of mouthwatering delicacies with your complete kitchen amenities and whip up scrumptious home-cooked meals and snacks any time you, please! This fully equipped facility can easily be reached in a 20-minute drive from the heart of downtown, putting you within minutes of all the hustle and bustle of the city’s attractions, dining establishments and nightlife venues.
Toronto, Ontario, Canada
7.6 km (4.8 mi) from The Distillery Historic DistrictSuperhost
Accommodates: 2
Top guest reviews
Host:
really nice place and the host is amazing and helpfulthis is a great place with wonderful hoststhis is a great place with wonderful hostslovely apartment in a great neighbourhood with wonderful hostsit was evident that the hosts truly cared about their guestsLocation:
the location was great very close to public transportation and restaurantsbeautiful place to stay close to downtown torontovery homely great location easy check inbeautiful neighbourhood close to the subwayfantastic quiet location and only 20 minutes by street car to the centreCleanliness:
the place is clean modern and beautifuleverything was as described and very cleanthis is an amazing place to stay while you're in toronto clean and comfortableroom is really nice and clean would love to stay here againthe airbnb was very clean and tidy in a very nice suburb in torontoRead more reviewsAmenities & Room:
stayed here while attending fan expo and couldn't have asked for better
2. Fully furnished, cozy apartment (from USD 2135)
Ready to head to Toronto on a budget trip? Take your long-deserved holiday at this beautiful home away from home which features some essential amenities to keep you comfortable during your stay. It comes with an ultra-comfy bed, a kitchen with the necessary cooking equipment, a working area, a bathroom with a tub, a washing area, and air conditioning. You will also find a patio in which you can enjoy the fresh breeze and perfect proximity to the surrounding social amenities which you can access after a long day of touring.
Toronto, Ontario, Canada
5.99 km (3.8 mi) from The Distillery Historic DistrictAccommodates: 2
Top guest reviews
Host:
amazing host and lovely apartmenthost was lovelygreat host and took care of iur needsrolyn was a great hostrolyn was a great hostLocation:
great location toogood location and helpful instructionsgood location close to public transitgreat location & lovely spaceeasy access to public transport great location and overall a really comfy stayCleanliness:
place was really clean washroom was sparkling cleanclean comfy and all to yourselfthis place is very clean and convenientthe place was sparkling cleanamazing stay super clean and a really nice apartmentRead more reviewsAmenities & Room:
you can have fun even without wifihe has lots of dvd collections including friends and the office tv seriesif you need wifi or have mobility issues it may not be for you otherwise highly recommendanyways ciuld stay connected through retail free wifi available in neighbourhood restaurants and subway stationthe apartment is full of interesting artwork and knick knacks to look at
3. Comfortable minimalist space (from USD 112)
Have yourself one of the most memorable holidays in one of the most affordable places to stay in Toronto, aka, this small and serene home which comes with some of the most amazing amenities. It features a comfy sitting area, a bedroom with a queen-size bed, a private bathroom with the necessary amenities, a mini-fridge, a cable TV, free WiFi, a working area, and a washing machine. There is also a private entrance for your convenience and free parking in case you plan to bring a car along to explore all the famous things in Toronto.
Toronto, Ontario, Canada
4.7 km (3.0 mi) from The Distillery Historic DistrictAccommodates: 2
Top guest reviews
Host:
geoff is a great hostgeoff is a great hostgeoff was very helpfulgeoff is an amazing hostthe host was nice and gave us our privacyLocation:
the neighborhood is really calm and near to the beachesthis is a great spot with close and easy transportation in the center of the citygreat location comfortable private quietwe also loved the location because everything is accessible and it’s near one of the beachesvery nice place safe location overall an enjoyable experienceCleanliness:
very clean and stylish placevery clean and quiet basement apartmentgreat stay clean and easyit's clean comfortable and quietthe place was clean and as picturedRead more reviewsAmenities & Room:
64 m and had a hand width space to the bathroom beamgreat place location clean responsive host no windows to look out of or open (except bed room)
4. Stylish, serene holiday rental (from USD 1328)
Take time off and have a quiet holiday at this holiday home which comes with maximum privacy and serenity to enjoy your unwinding time. Although one of the cheapest places to stay in Toronto, it offers great comforts such as a fully equipped kitchen, a bed with ultra-comfy beddings, a cable TV, free WiFi, a working space, and a washing machine. In addition, you will find a private garden where you can enjoy the fresh air and a free parking lot in case you are driving to this spot. This is a place you don’t want to pass up if you are a sucker for quiet places for relaxing!
Toronto, Ontario, Canada
14.67 km (9.2 mi) from The Distillery Historic DistrictAccommodates: 2
Top guest reviews
Host:
the host was very friendly and checked in was easydwyke and michelle were great hostdwyke and michelle were fantastic hostsdwyke and michelle were great hostsgreat host very welcoming and made sure we had everything neededLocation:
location was perfect close to all major highwayslocation was wonderfulits super close to everythingit is located in a great neighbourhood close to shopping and transitnice neighborhood close to public transportCleanliness:
the apartment was very clean and quietvery clean comfortable and welcomingthe apartment was great very clean and comfortablevery quiet clean and spaciousthe house was nice clean and organizedRead more reviewsAmenities & Room:
on tv we have french movies thank you michlle dwyke and sonthe house was perfect and had everything necessary to make us feel comfortablemichelle and dwyke's space is perfect it is very cozy and there is everything you need
5. Spacious basement studio (from USD 32)
For couples and lone travelers, this is the ultimate spot for you to enjoy as you unwind in this scenic city. This condo comes with a fully equipped kitchen, a working space, a comfy bed, a private bathroom with the necessary amenities, and free WiFi. There is a free parking lot on the premises if you are self-driving to this spot. Enjoy the serene setting of this property as you unwind away from the hustles and bustles of the city. If you want to tour around, there is a bus stop just outside the house and the subway is a five-minute walk from the accommodation.
Toronto, Ontario, Canada
4.88 km (3.1 mi) from The Distillery Historic DistrictAccommodates: 2
Top guest reviews
Host:
highly recommend this place and the hosthost nik was very niceour host was great- quick responses and everything we needed to know was explained fullynik was a great hostextremely kind and helpful host even cleaner and nicer than expectedLocation:
cute little spot close to the transomthis place is a great location conveniently located a short drive from many downtown attractionsloved this little cute placethe location is safe and convenienttiny apartment with good locationCleanliness:
clean and pleasant accommodationsthe place was clean overallvery clean and cosy loved itvery nice and clean appartment in beautiful neighborhoodnice and clean in a quiet neighborhoodRead more reviewsAmenities & Room:
we woke up to the whole room smelling like an ash traythe bed was comfortable and from what i could see all common amenities were therethe apartment was clean and offered amenities that made our stay convenientthe room is very well kept and quite stylish
6. Well-lit room with kitchenette and balcony (from USD 27)
Enjoy your vacay in this brightly lit home which comes with a fully equipped kitchenette, a private bathroom, a comfy bed, free WiFi, a working area, and great windows that allow sunlight to enter the room. There is a spacious balcony that you can step out to enjoy the warm weather if you are visiting during summertime. There is air conditioning in the room and you will be in close proximity to the surrounding social amenities in case you want to tour the city.
5.67 km (3.6 mi) from The Distillery Historic DistrictAccommodates: 1
Top guest reviews
Host:
mike is a great hostmike is a great hostmike is a reactive and nice hostmike is a great host and made me feel right at homemike was very helpfulLocation:
close by beautiful parklocation is good 10 minthe room is located in a great location very close to the subway with quick access to downtowngood location by the wayolder house but great locationCleanliness:
great accessibility and clean houseand clean will stay againit was a cheap clean and "as advertised" kind of placevery clean very cozy and very very accommodatingthe room was clean and michal is niceRead more reviewsAmenities & Room:
every room has it’s own lock and the amenities are amazingcomfortable bed and ac in room which was really nicethe room with the kitchenette is fantasticthe room was a good size and having the kitchenette was goodthe room is good with a small kitchen and shared bathroom good views and confortable bed
7. Family-friendly basement suite (from USD 65)
This basement suite is an enchanted refuge located near downtown Toronto and is ideal for families as well as travelers. Make priceless moments with your small-size at our suite’s books and toys for the kids so which will guarantee a happy trip for young ones of all kinds.
There’s also a dedicated workplace for the ones who might have to join the office or need to do some studies, in order to remain productive during their stay. Savor your most loved coffee mixes with the accommodation of a channel espresso producer, giving you an impeccable beginning to your mornings.
Relish the great outdoors with a park just a hop and skip away where you can take gentle strolls or entertain the family. Easy transit options via the TTC’s Bloor-Danforth Line, Woodbine Subway Station only an easy 13-minute walk away putting you right into downtown Toronto and all of the major attractions.
Toronto, Ontario, Canada
6.23 km (3.9 mi) from The Distillery Historic DistrictAccommodates: 4
Top guest reviews
Host:
good hosts very responsive to requests and questionsgreat host very attentive and responsivesamuel and onye were super nice and helpfulall in all a great stay with great hosts and i would stay there againso helpful and lovingLocation:
it was close to perfect actuallythe location is good a 10-15min walk from the metro which gets you into town easyCleanliness:
it’s sparkling clean and modernhouse was very clean and tidy upon arrivalvery clean place that has everything you needgreat place very clean and super easy check inthe space itself is nice and clean appears newly renovated and is as per photosRead more reviewsAmenities & Room:
fold out couch is comfortable for lounging and sleepingvery clean brand new basement (microwave washing machine and dryer bedroom sofa bed smart tv toddler toys
8. Quaint, sunny room in a home
Check out this quaint room which comes with some of the most interesting amenities to keep you comfortable as you enjoy your holiday. Not only will this stay fits into your Toronto trip’s budget but offers a great location too! Here, you will find a beautiful bedroom for your stay. It comes with free WiFi, a refrigerator, and a microwave. A washroom is shared with other guests. There is also a free parking spot. You can also head to the patio to unwind.
Scarborough, ON, CA
Budget-friendly holiday gems in Toronto
Take a break in this beautiful city and enjoy some of the most exciting holidays treat with your family and friends. While here, don’t forget this exciting list of where to stay on a budget in Toronto, Canada, so you can find the perfect spot for your stay. You will not forget the memories you will make as you stay in this wonderful city.
Frequently asked questions about affordable places to stay on a budget in Toronto, Canada
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