Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (2024)

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With a raucous sports culture, a thumping music scene, and a mind-boggling array of culinary diversity, Toronto has recently been nudging its way towards the top of everyone’s “to do” list. It’s a world-class city, that just so happens to come equipped with a world-class price tag. Whether you’re a hockey fan, an outdoor enthusiast, a brunch enthusiast, or just wholeheartedly convinced that “Drake” and “good rapper” belong in the same sentence, you ought to head north. But wait up — as enticing as it is to blow money á la 6 God, nobody likes waking up to a drained bank account. Check out our suggestions below for the best ways to experience Toronto on a budget.

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (1)

When to Go

Visiting Toronto during the winter months is brave. Very brave. It’s a time when the journey between the hotel and car door requires serious mental and physical preparation. On the other hand, everyone visits during the summer months, so prices fluctuate accordingly. If you can, try to plan your trip for the spring or fall. Toronto in May or late September can be beautiful, less crowded, and everything from airfare to accommodations and excursions are noticeably cheaper.

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (2)

Things to Do

Check out the Green Spaces

Even in the spring or fall, visiting one of the many public parks in Toronto is a super cheap and fun way to spend an afternoon. High Park is the largest park in the city featuring hiking trails, sports facilities, a lakefront, a dog park, gardens, greenhouses, a zoo — the list goes on. And, if you heed our advice on visiting in the spring, you’ll catch the beautiful white and pink cherry blossoms that usually bloom in April or May.

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (4)

For romantics, botanical enthusiasts, or people just looking to wake up and smell some fresh flowers, check out the Allan Gardens Conservatory. Get lost in the labyrinth of hyacinths, orchids, and early 20th-century architecture. After, consider hopping on the $5.30 ferry and head over to Toronto Island. Stroll along the beaches, rent a bike, or have a picnic to unwind for a bit.

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (5)

Stroll the Markets

Torontonians are known to take pride in their city’s eclectic food culture, and touring the city’s markets certainly won’t break the bank. Consider heading over to St. Lawrence Market and grazing through the colorful aisles of fresh fruits and veggies. There’s an outdoor patio with an antique feel, and on Sundays, the art gallery upstairs puts on free exhibitions celebrating the city’s history and culture. St. Lawrence was recently rated one of the top 25 markets in the world according to Food & Wine magazine, and even Pope Francis stopped by to see if the produce lived up to standards.

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (6)

Kensington, as another option, isn’t so much a market in the traditional sense, but rather a funky neighborhood offering everything from coffee to chic discounted furniture and retro vinyl records. It’s also located near Chinatown, so if there’s $10 in your pocket, feel free to splurge on a full body massage.

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (7)

Art on a Budget

All over Toronto, various museums offer hours where entrance is either free or donation-based. For example, the Art Gallery of Ontario is free from 6:00 pm to 8:30 pm on Wednesdays, the Bata Shoe Museum is “pay what you wish” between 5:00 pm and 8:00 pm on Thursdays, and the Museum of Contemporary Canadian Art is pay-what-you-can at all times.

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (8)

Between Queen and Richmond street, at just over a kilometer in length, is Graffiti Alley, one of the most beautiful collections of spray art in the world. Here you’ll find everything from cartoonish comic series to political satire and Pollack-esque abstract madness.

If you’re in the market for some live music, head over to the neighborhoods of Bloor West and Queen West. Here you’ll find a number of divey live music venues offering cheap beer and good local talent.

Soak in the Squares

With the prevalence of squares in North America fairly scant, Toronto lays claim to two impressive squares that serve as excellent locations for community gathering and people-watching. Yonge-Dundas is colloquially referred to as the Times Square of Canada, and here you’ll find free events such as movies, concerts, and street performances. The Nathan Phillips Square is another spot that’s great for budget travelers. It hosts an ice skating rink during the winter and is known to be extremely beautiful throughout the holidays.

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (9)

What to Eat

Toronto is notorious for having some of the most mouth-watering cuisines in the entire world. While it certainly has its fair share of high-end gastro experiences that will set you back about a month’s salary, there’s a huge culture around street food, food trucks, and quick eats. Here are a few standouts.

Fat Lamb Kouzina – Authentic Greek food. Delicious, home-cooked ingredients served elegantly in a styrofoam container.

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (10)

P.G. Clucks – Cayenne-infused spicy chicken sandwiches that drip in fermented chili sauce. $5.30.

The Bagel House – Smoked salmon and cream cheese bagels with capers, onions, and tomatoes for $4.50. Open 24/7.

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (11)

Sichuan Gardens – Dive into a fiery bowl of tofu, pork, and tons of veggies. Not entirely sure if this signature dish is technically a soup or just very saucy, but at $5 it doesn’t really matter.

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Where to Stay

As a travel destination recently popping up on everyone’s radar, Toronto has plenty of options for budget-friendly accommodations. Here are some of the best gems.

All Days Hostel

This calm and charming spot in downtown is for tourists and business travelers alike.

Book Now

The best vacation rentals for the lowest price

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (13)

Hi Toronto Hostel

Super friendly spot within walking distance of Union Station, CN Tower, and the Entertainment District.

Book Now

The best vacation rentals for the lowest price

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (14)

Locarno Hostel

Don’t let the word “hostel” throw you off here — Locarno offers loads of amenities and feels much more like a plush hotel experience.

Book Now

The best vacation rentals for the lowest price

Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (15)
Toronto on a Budget: Where to Go and What to Do - AllTheRooms - The Vacation Rental Experts (2024)

FAQs

What is the most popular vacation rental company? ›

Airbnb. Airbnb is not only the most popular and trusted vacation home rental website, but it's also the fastest growing. The company has over 6 million vacation rental listings worldwide in more than 220 countries and regions.

What is the safest way to pay for a vacation rental? ›

The safest way to pay for your vacation rental is by credit card. Regardless of where you live, credit cards offer more consumer protection than any other payment method.

How do I get more bookings on my vacation rental? ›

How to Increase Vacation Rental Bookings
  1. Craft An Attractive Property Description. ...
  2. Showcase High-Quality Photos. ...
  3. Be Extra Responsive. ...
  4. Encourage Reviews. ...
  5. Keep Rates And Calendars Updated. ...
  6. Provide Extra Amenities. ...
  7. Update Your Front Door. ...
  8. Create A Marketing Plan To Boost Rental Bookings.

Are hotels cheaper than VRBO? ›

A new study says hotels are the more affordable option over Airbnbs and Vrbos — across 50 global markets.

What is the best vacation rental platform? ›

  • Airbnb. Best rental site for variety. ...
  • Vrbo. Best rental site for group travelers. ...
  • FlipKey. Best rental site for destination guidance. ...
  • Booking.com. Best rental site for hotel loyalists. ...
  • Agoda. Best rental site for travel throughout Asia. ...
  • Plum Guide. Best rental site for quality assurance. ...
  • HomeToGo. ...
  • Casamundo.
May 29, 2024

Which is safer Airbnb or VRBO? ›

Although both VRBO and Airbnb take precautions to guarantee the protection of their visitors, Airbnb poses more potential dangers for guests simply because it allows visitors to remain in shared spaces.

What is the best way to pay for an Airbnb? ›

Here's a closer look at some of the most common Airbnb payment methods:
  1. Credit cards including Visa, MasterCard, Amex, JCB.
  2. Debit cards that can be processed as credit cards.
  3. Google Pay.
  4. Apple Pay.
  5. PayPal.
  6. Airbnb gift cards.
Jun 10, 2024

Is it safe to pay for vrbo? ›

Guests who pay on our website are covered by our Book with Confidence Guarantee. We are PCI-DSS certified. This means that we've taken the required steps to ensure our systems are secure to protect sensitive payment card information.

How do you know if a vacation rental is a good investment? ›

How to Evaluate Vacation Rental Property Like a Pro
  1. Key Takeaways. ...
  2. Determine buying power. ...
  3. Analyze the market. ...
  4. Review local laws and regulations. ...
  5. Estimate expenses. ...
  6. Use ROI, CoC, and cap rate tools. ...
  7. Consider rental demand. ...
  8. Consult with property investment experts.

How much income to expect on a vacation rental? ›

On average, hosts in the U.S. generate about $44,235 per year, but that can vary greatly due to factors like location, property size, etc.

Is it cheaper to book vacations in advance? ›

The report notes that travelers can save up to 24% compared to booking last minute. If you're planning an international trip, the report recommends booking about 60 days out, but not more than four months before your trip.

Why book direct with vacation rentals? ›

Booking directly with a reputable vacation rental company offers a higher level of trust and security. Established companies often have a strong track record and can provide references and reviews from previous guests. This added layer of confidence can help you feel more secure about your booking.

How do I maximize my Airbnb booking? ›

10 ways to get more Airbnb bookings
  1. Turn on Instant Book. ...
  2. Target niche audiences. ...
  3. Become family-friendly. ...
  4. Introduce flexible cancellation policies. ...
  5. Reduce your minimum stay to one night. ...
  6. Use gap night messaging. ...
  7. Provide guests with all the key information pre-arrival. ...
  8. Deliver an immaculate property.
Aug 8, 2023

Is VRBO bigger than Airbnb? ›

Airbnb has more listings and is available in more countries than Vrbo. However, Vrbo reigns supreme in having a wider audience from being a part of the Expedia Group, which gives hosts more exposure.

Which is better Expedia or VRBO? ›

In the Reservation And Online Booking market, Expedia has a 7.28% market share in comparison to VRBO's 0.93%. Since it has a better market share coverage, Expedia holds the 3rd spot in 6sense's Market Share Ranking Index for the Reservation And Online Booking category, while VRBO holds the 9th spot.

Who is the competitor to VRBO? ›

See how VRBO compares to similar products. VRBO's top competitors include Travala.com, Sonder, and Airbnb. Travala.com operates as an online travel agency. The company connects travelers with places to stay, including hotels, apartments, villas, hostels, and more.

Does Airbnb or VRBO get more traffic? ›

Vrbo vs Airbnb: Selection and Audience

Airbnb typically attracts almost double the amount of traffic that Vrbo does each month, giving it the upper hand. Likewise, guests will flock to the vacation rental site that offers the widest selection of properties.

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