Establish a budget before you start searching for rentals. You must take into consideration your income, expenses, groceries, transportation, entertainment, tuition fees, and other costs. Below you can see an example of a budget for living in Toronto. Please keep in mind that costs may vary depending on your needs, life style, and where you would like to live.

Use online rent calculators or budgeting tools to determine how much you can afford to spend on rent while considering your income and other expenses. Under additional resources you will find budgeting tools and guides.

Begin your search early: the market can move really quickly, so it is advisable to search well in advance, at least one month before you plan to move in. Give yourself time to compare prices and find a suitable place that meets your requirements.

Additionally, research different neighborhoods to find the one that best suits your preferences and lifestyle. Consider factors like proximity to transportation, amenities, and safety when selecting your desired location.

Be mindful of the distance from your accommodation to the College. Keep in mind that you may need to come to College multiple times a week and living close to your campus may save you some time. 

Also take in consideration accessibility to public transportation, as this is an easy and affordable way to reach the College. As a reminder, Alpha College Scarborough campus is located a few steps from a bus stop (43 Kennedy bus route)

A contract is a legal document that describes the rental property, outlines what is included and any options, such as parking and storage. You may be asked to sign a contract. In this case, you must be well-informed as to what to expect. Here are some tips on signing a lease:

Most apartments are leased by the year, although some are rented monthly. You will probably need to pay the first and last month’s rent when you sign the lease.
Pay special attention to the parts that state exceptions and additions. You want to know exactly what you will pay for and what will be paid for by the landlord.
Be sure you know what the monthly rent payment includes. For example, is the electricity included, the water included, the parking included?
Also, find out whether you have to pay a fee if you leave before the lease term is over. You cannot usually break a lease agreement.

When renting accommodation, you will generally be required first and last month’s rent and possibly be required to put down a damage deposit. If you leave the premises clean and in good condition, the damage deposit will be refunded to you.

Familiarize yourself with the Residential Tenancies Act and the Landlord and Tenant Board’s website. Understanding your rights and obligations as a tenant is crucial. Some landlords may require you to pay additional fees that you are not supposed to, therefore, knowing your rights will help you navigate the rental process.

Sharing a rental with roommates may be a cheaper option, as you can share the costs with someone. If you are open to this idea, you may discuss with your friends or classmates to find a place to rent together.

If you decide to share accommodation with roommates, you may decide to purchase furniture together. If this is the case, it is wise to make agreements regarding ownership and financial repayments in advance. This will help avoid ownership/financial conflict if you decide to move out.