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11 Cheapest Places to Live in Ontario 2024

In the vast and scenic province of Ontario, where affordability and quality of life often seem like a trade-off, there are hidden gems that combine both seamlessly.

These cities not only offer affordable homes for both renters and buyers but also provide tranquility, natural beauty, and a range of recreational activities, from hiking to golf.

Let’s talk about the details of these 11 cheapest cities in Ontario with the best quality of life.

11 Cheapest Places to Live in Ontario 2024

Here, is the list of 11 cheapest places to live in Ontario 2024.

CitiesAverage Home Price
Thunder Bay $302,200
Rainy River$330,000
Deep River$370,000
Sudbury$398,600
Sarnia$527,700
Kingston$557,000
Windsor$574,000
London$575,500
Peterborough$675,100
Barrie$705,000
Sault Ste. Marie$286,900

1. Thunder Bay: Tranquility at its Finest

cheapest places to live in ON

Thunder Bay claims the top spot on our list with an average home price of $302,200 and a one-bedroom rental rate of $1,315.

Known for its tranquility and relaxation, Thunder Bay, sometimes referred to as Lakehead or Canadian Lakehead, offers a serene environment.

The city, home to a university that shares its name, provides a unique blend of affordability and a peaceful atmosphere.

2. Rainy River: Ideal for Relaxing Hobbies

Nestled in northwestern Ontario and bordering Minnesota, Rainy River is a small town ideal for those seeking relaxing hobbies.

With an average home price of $330,000, below the national average, and private cottages available for rent at less than $1,000, Rainy River offers a budget-friendly lifestyle surrounded by natural beauty.

3. Deep River: Where Nature Meets Recreation

Deep River, located in Renfrew County along the Ottawa River, is a haven for golf and hiking enthusiasts.

With a population of just 4,175, this town offers an intimate community setting. The average home price in Deep River is $370,000, making it an affordable option for those who appreciate outdoor activities and a close-knit community.

4. Sudbury: Affordability in the Rock Mining Capital

cheapest places to live in ON

Sudbury, the largest city in northern Ontario, stands out for its affordability, with an average home price of $398,600.

Known as the rock mining capital of the world, Sudbury not only provides employment opportunities but also embraces diversity.

Two-bedroom apartments in Sudbury can be rented for $1,600 a month, making it an attractive option for those seeking affordability in a vibrant city.

5. Sarnia: Parks and Recreation on a Budget

cheapest places to live in ON

Sarnia, situated in southwestern Ontario, offers houses at approximately $527,700 and two-bedroom apartments for $1,800 a month.

With over 100 parks and abundant recreational spaces, Sarnia provides an affordable yet enriching lifestyle.

The city is a great option for those who appreciate sightseeing and outdoor activities.

6. Kingston: Family-Friendly Affordability

cheapest places to live in Ontario

Kingston, along the eastern edge of Lake Ontario, is renowned for its family-friendly amenities.

The average house price in Kingston is $557,000, and two-bedroom apartments cost about $1,899 a month.

Home to Queen’s University, Kingston combines academic excellence with an affordable living experience.

7. Windsor: Border Town Charm with Affordable Living

cheapest places to live in ON

Windsor, located near the U.S. border, offers houses at approximately $574,000 and two-bedroom apartments for $1,685 a month.

With a population of just under 230,000, this border town is known for world-class entertainment, including the famous Caesars Windsor Casino.

8. London: Parks and Prestige

cheapest places to live in Ontario

London, situated in southwestern Ontario and home to the prestigious University of Western Ontario, has an average house sale price of $575,500.

While getting slightly more expensive, the city boasts parks and facilities for residents. Two-bedroom apartments in London can be rented for $2,119 a month, making it an attractive option for those valuing both education and recreational spaces.

9. Peterborough: Scenic Living for Foodies

cheapest places to live in Ontario

Considered cottage country by many, Peterborough is hailed as the best city for foodies. Located on the Otonabee River, this scenic town has an average home sale price of $675,100.

While slightly more expensive, the city offers a unique culinary scene. Renting a two-bedroom apartment in Peterborough costs $1,875 a month, providing a blend of scenic living and gastronomic delights.

10. Barrie: Perfect Haven for Retirees

cheapest places to live in Ontario

Less than 100 kilometers from Toronto, Barrie secures its place on our list as the ideal city for retirees.

Situated in Simcoe County along the shores of Kempenfelt Bay, Barrie is home to less than 150,000 residents.

Houses in the city cost about $705,000, slightly higher than the national average, and two-bedroom apartments are available for $1,995 a month.

Barrie offers a peaceful retreat for retirees seeking a balance between affordability and proximity to urban amenities.

11. Sault Ste. Marie

cheapest places to live in Ontario

Sault Ste. Marie, recognized for its serene ambiance and natural allure, provides residents with the opportunity to relish the outdoors amid parks and recreational spaces.

Boasting a friendly community, the town is a favored destination, particularly among retirees seeking tranquility.

Navigating the town is convenient, with a 15-minute drive typically sufficient, even during periods of minimal traffic. Convenient access to shops along the St. Marys River and proximity to the US border enhance the town’s appeal.

Housing options in Sault Ste. Marie encompasses apartment buildings and single-detached houses. As of 2024, the rental market indicates an average cost of $1,310 for a 1-bedroom apartment, while the average property price stands at $286,900.

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In conclusion, these 11 cities in Ontario redefine the narrative of affordability and quality of life.

Whether you seek tranquility, recreational opportunities, or a family-friendly environment, these cities offer a diverse range of experiences without compromising your budget.

Consider making one of these cities your home for an enriched and affordable lifestyle.