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Short term rentals in Toronto
Room for Rent in Toronto at $300 | Have an Affordable Stay in 2024

Room for Rent in Toronto at $300 | Have an Affordable Stay in 2024

Are you low on budget but still need to find an affordable property to stay in for a short time in Toronto? Don’t worry! You will be surprised after discovering that you can find room for rent in Toronto at $300. And the best part is that all these condos are equipped with high-quality amenities.

If you are looking for affordable short-term rentals in Toronto, the following list can be helpful. However, even if you find a room for rent in Toronto at $300, you should at least manage to bring enough money to spend on food and other necessities. 

Furthermore, even the unfurnished studios are not $300 per month. In the best case, you can find rooms for rent at this price for 2 or 3 days, which is still acceptable for most travelers.

Where to Find Room for Rent in Toronto at $300?

Are you ready to find an affordable room in Toronto to stay for a couple of days? Let’s see where you should search. 

Tirbnb Condos

If you’re tired of staying in traditional hotels and are looking for a unique accommodation experience, Tirbnb condos might be just what you need. From cozy furnished studio apartments to luxurious penthouses in downtown Toronto, Tirbnb offers a wide range of short term rental condos that can cater to solo travelers, couples, families, and groups. 

With Tirbnb, considered one of the Airbnb alternatives in Toronto, you’ll enjoy the privacy and comfort of having your own place while still benefiting from hotel-like amenities, such as 24/7 customer support, cleaning services, and Wi-Fi access. 

What’s more, Tirbnb condos are typically located in prime areas of cities or near tourist attractions, making it easy for you to explore and make the most of your trip. So why settle for a cookie-cutter hotel room when you can stay in unique Tirbnb condos?

Let’s check out some of the rentals we offer on Tirbnb. 

1-Furnished Studio Apartments in Toronto 

These rentals are as cheap as $100/night in winter and go up to $300/night for fully furnished apartments in downtown Toronto during peak seasons such as August. 

Studio apartments in Toronto are great options for individuals who want to stay in a hotel-style house at a much more affordable price. They are furnished and have all the necessary amenities for a living. 

As an example, this studio apartment in the Business District is located on the 50th floor, with a wonderful view of the city’s skyscrapers. The small balcony provides you with fresh air to breathe. Furthermore, it has an equipped kitchen with brand-new appliances, such as a stove, microwave, and fridge. Therefore, if eating out sounds pricey, you can easily cook at home.

The weekly price of this studio apartment is $1000, so it is possible to rent it at a lower price for a couple of days. However, since it depends on the season, it is recommended to ask for the price in advance.

2-1-Bedroom Furnished Condos

They may seem similar to studio apartments, but they have separate rooms as bedrooms to add to the property’s privacy. They are slightly more spacious than studios and are equipped with all the necessary amenities. Although they are not usually as cheap as studios, you can still find one at an affordable price. 

Furthermore, 1-bedroom apartments usually have sofabed. So, more than two people can stay in these condos.

This 1-bedroom apartment, located in a skyscraper in Temperance Street, is one of the most affordable rooms you can find in Toronto. It has a separate room for a bedroom with a comfortable bed and a small balcony with a panoramic view of the city.

It is equipped with all the necessary appliances required for short-term living. The best part is that this luxury 1-bedroom apartment can be rented weekly for $1400. Therefore, if you want to stay here for a shorter period, you can find this room for rent in Toronto at $300 per night. 

3- Penthouses 

If you want to rent a family house in Toronto, you can count on Tirbnb penthouses with surprising weekly prices. These penthouses are usually 3-bedroom apartments with lake views. They have a gym, swimming pool, and all the equipment required for a family rental. Let’s check out one of them.

Located at a very great location in downtown Toronto, this gorgeous penthouse has three bedrooms, two with queen beds and one with single beds. All the bedroom has amazing views of the lake, with a balcony where the family can sit and enjoy the view.

As one of the top furnished penthouses in downtown Toronto, it has all the equipment and amenities essential for a living, from a nice and sleek table for a family of four, high-end toiletries and hot tubs in the bathroom, air conditioner, and all other tools. The average price of renting this penthouse is $5000 per week, which is still a wonderful price for accommodation with this quality. 

4- Cottages and Lakehouse 

These accommodations are ideal for travelers seeking more space and privacy than a hotel room can offer. Cottages are small, cozy, and often rural houses that are usually made of stone, wood, or brick. If you want to spend your vacations away from the busy town, you can rent a cottage in Toronto, with a great location, rural style, and luxurious amenities.

You should note that not all the condos allow pets. Therefore, if you have a pet and want to bring these cute fluffy friends with you, it’s essential to check with the property to see if it’s allowed to bring pets. You can also search for pet-friendly hotels in Toronto to find a perfect place for you and your four-legged friend.


To find a room for rent in Toronto at $300, you can check out Kijiji, too. It is one of the most extensive classified online advertising services in Canada and a hotspot for second-hand items, including everything from autos to event tickets.

It also has a Real Estate section, which can be a good place for landlords to advertise their rentals. Consequently, it is considered one of the excellent places for Toronto tenants to search for the latest and newest Kijiji Toronto apartments.

So, it could be one of the sites for finding a room for rent in Toronto at $300 per night. `We’re going to mention some of the options as a roommate available at this site.

1- Shared room available for rent in Scarborough

This is one of the best affordable short rentals for students in Toronto. It is located in Scarborough and has a1 room in a basement However, it is a shared-room. So, it’s not a room privately for yourself but it is clean and cost-effective. 

2- Shared Short-Term Rental for Students (Male Only)

If you want to find a room for rent in Toronto at $300, shared rooms will be your best option, especially if you are a student, and have a limited budget.

It has one room for two people, with access to wifi, and amenities like a dryer and washing machine. The property is located within a 5-minute walking distance from Sheridan College (Davis Campus) and the major bus stops. The first and last month’s rent should be provided. There is no car parking spot at this location. 


Another website to search for a room for rent in Toronto at $300 is Roomster. This website connects individuals in 192 nations at all price points. 

Roomster is the best way for individuals to monetize their extra space with 24/7 customer service and an ever-expanding user community. So if you want to find a room in Toronto, probably you would like to try Roomster. Some of the rooms for rent in Toronto at $300 that you can find in the Roomster are as follows:

1. Newly renovated,2min walk to the subway

1 bedroom up for grabs, includes all dishwasher, microwave, 1gbps internet, pics are pre furnished but the place is furnished. 5 minutes to downtown. The building also houses a heated pool.


The classified American advertising website, Craiglist, has segments dedicated to employment, housing, for sale, products wanted, services, community service, concerts, summaries, and discussion forums. 

It is one of the best sites for finding a room. So, if you want to find a room for rent in Toronto at $300, it could provide you with a lot of useful options. some of them are as below:

1- 3-Bedroom House for Rent on the Ground Floor (For Students)

Newly renovated with new kitchen, new carpet, and new appliances, this house has three clean and tidy bedrooms with all necessary tools and equipment for living. It is within 2-minute walk to Morningside bus stop.

Additionally, this shared house is 15 minutes walk to the University of Toronto, Scarborough & Centennial College Morningside/Ellesmere campuses. Shared kitchen, bathroom, and living room. Rent is based on the number of students in one room. 

Room for rent in Toronto at $300 for students

2-Large Room for Rent in Eglinton Area (Female Only) 

A large room with a brand-new washroom is available for a female or two to share at a quiet and safe block in the Eglinton/Martingrove area. Female students or professional workers are preferred. Rent includes all utilities, laundry, and high-speed internet.

large room for rent in Toronto for a female at $300

Getting a room for rent is a profitable transaction for both sides, tenants, and landlords. But there are some factors that need to be considered before renting a room or an apartment. Let’s check them one by one here.

Bottom Line 

Tirbnb’s properties range from cozy studios to luxurious penthouses that can accommodate solo travelers, couples, families, and groups. We mentioned some apartments and condos, equipped with modern amenities such as high-speed Wi-Fi, cable TV, and fully equipped kitchens, making them perfect for short or long-term stays. If you want to rent a room in Toronto at $300, contact us for more information about the available items.


Are utilities included in a $300 rental in Toronto?

It’s unlikely that all utilities will be included in a rental at this low price. You may need to budget for additional expenses such as electricity, water, internet, and others. It is better to check it with Ontario standard lease and mention it before signing a contract.  

Can I actually find a room for rent in Toronto for $300?

It’s essential to have realistic expectations at this price point. You can find shared accommodations, such as a room in a shared house or apartment, with limited amenities and possibly a less central location. However, it is still possible to find luxury and equipped studio apartments for $300 per night. It all depends on the season and other factors, like location.

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Comments (6)

  • Hadaro, Workalem Paulos
    November 17, 2019 at 6:26 am

    I need a room for me and my wife as we will come for three months vacation, we need a room with kitchen, carpet, appliances, and furnitures on basement.

    • Nima Moobed
      December 8, 2019 at 11:20 pm

      Hey are you still looking for a place?

  • Pam and warren kennedy
    February 19, 2023 at 8:51 pm

    My husband i will be intrested to rent a 1 br and. We preferred dwn-twn gta starting 27 /04/ 23 furnish room we are serious about this please call 18764361863

  • Pam and warren kennedy
    February 19, 2023 at 9:10 pm

    Want 1Br to rent for 8 months start.27th 4th 2023 .to.27th. /10th 2023 . please. send notice .

  • Gbemi Ologbese
    February 23, 2023 at 1:19 am

    I need a furnished one room for me and fiance for one month only from March 1st to April 1st 2023.

  • Gbemi Ologbese
    February 23, 2023 at 1:20 am

    I need a furnished one room apartment for myself and fiance for one month only from March 1st to April 1st 2023.

Comments are closed.