Cheap Banquet Halls for Rent in Toronto, ON

Cheap Banquet Halls for Rent in Toronto, ON

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Top Affordable Banqueting Halls in Toronto, ON

Are you planning an event and need help figuring out where to start? If you want your event to be remembered for a lifetime and don't know where to host it, our affordable banquet halls in Toronto have your dream party covered! From hotel halls with chandeliers to rustic manors, we have banquet halls of every style to suit your event! Get details about catering options, entertainment, pricing, and much more on any venue on Tagvenue. Booking an event has never been more effortless! Explore cheap banquet halls and book your favourite today.

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225 Banqueting Hall Venues in Toronto, ON

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Cheap Banquet Halls for Rent in Toronto, ON

FAQs about Top Affordable Banqueting Halls in Toronto, ON

The cost of cheap banquet halls averages around C$65 per person. The final price will depend on location, size, amenities, and demand. Some venues also offer additional packages that include catering, AV equipment, or additional services. Take a look at the usual price ranges in Toronto, based on Tagvenue data:

Prices of cheap banquet halls in Toronto as of September, 2026
From C$50 to C$100 per person
From C$1695 to C$3000 minimum spend per event
From C$125 to C$300 hire fee per hour

Based on the popularity and user ratings on Tagvenue (updated September 2026), the best options include:

  • Windsor at Best Western Premier in West Humber-Clairville - rated 5/5
    Our user said: ‘This will definitely be my first choice for any party.’

  • Event Space at Chef Kausar's Autaq Banquet Hall in Gateway - rated 4.9/5
    Our user said: ‘Everything. The venue is beautiful, the room is extravagant. The food is amazing. We had the Afghani menu.’

  • Oasis Room at WhiteShield Banquet in Dorset Park - rated 4.7/5
    Venue said: The space features a large dance floor and a grand area, and can accommodate up to 400 guests seated. It's the ideal setting for Weddings, Receptions, Birthday, Graduations, Baptism, Celebrations, Conferences, Trade Shows...

You'll find cheap banquet halls in various sizes, from smaller spots to larger venues; keep in mind that the type of space and your chosen layout will affect the capacity! Below you can see the typical venue sizes in Toronto, together with the standard prices in each size range, based on Tagvenue data (September 2026):

Small up to 110 guests prices average C$130 hire fee per hour
Medium between 150 and 250 guests prices average C$2500 minimum spend per event
Large over 310 guests prices average C$2000 minimum spend per event

These are the venues within 1.7 km from central Toronto, available to book on Tagvenue:

  • Rosedale Room at Holiday Inn Toronto Downtown Centre on 30 Carlton Street - 800 m from centre.
    Venue said: Welcome to the Holiday Inn Toronto Downtown Centre, a modern and renovated hotel located in the heart of Downtown Toronto. With its convenient location just half a block from the College Subway Station, you'll have swift...
  • First Floor at Foy House on 92 Isabella Street - 1.6 km from centre.
    Our user said: ‘If you’re looking for a unique, beautiful venue in downtown Toronto, I highly recommend Foy House.’
  • The Grand Hall at The Social 460 on 460 King Street West - 1.7 km from centre.
    Venue said: Grand Hall includes a unique blend of historical wonder and new-age elegance. The venue features high, loft-style ceilings and has a versatile layout that can be used for different types of events such as: social gatherings

Smaller cheap banquet halls usually fit up to 110 guests seated. Here are some great options in Toronto, based on Tagvenue data as of September 2026:

  • Wynford at Toronto Don Valley Hotel & Suites, rated 5/5 - banqueting hall for 100 guests
    Venue said: Wynford can accommodate up to 100 people. The room is designed for smaller gatherings, private dinners or breakout sessions.

  • Entire Venue at The Club Hall - banqueting hall for 64 guests
    Venue said: The Club Hall is located in the heart of Richmond Hill. At our venue you will get a chance to organize a variety events, such as birthday parties, banquets, seminars, presentations and corporate events.

  • Entire Studio at Leaside Studio, rated 4.8/5 - function room for 30 guests
    Venue said: Located in the heart of one of Toronto's most desirable neighborhoods, Leaside Studio is the perfect space for your next small intimate event, as a photography studio for your new set of branding photos for your team, or...

In Toronto, cheap banquet halls are most commonly booked for 35 to 100 guests. Here are some popular kinds of events people have hosted at these spaces on Tagvenue, as of September 2026:

Party Usually between C$450 and C$1,400. User who booked Main Event Space at The Collective Makom for 70 guests
said: ‘It was a perfect planning experience with this venue and the staff.’
Wedding Usually between C$300 and C$1,400. User who booked First Floor at Foy House for 45 guests
said: ‘The event was a success, and everyone love the venue. So much history and character.’
Birthday Party Usually between C$350 and C$1,300. User who booked Entire Studio at Leaside Studio for 27 guests
said: ‘Communication with venue organizer was excellent. Would definitely rent again.’
Engagement Party Usually between C$5,600 and C$6,700. User who booked Main Room at Mezcalero for 50 guests
said: ‘We had about 50 people and there was plenty of room, standing or seated.’
Bridal Shower Usually between C$450 and C$650. User who booked Gallery & Event Space at Avant Garde Gallery for 220 guests
said: ‘Avant Garde Gallery is such a beautiful venue!’

Banquet halls, like reception halls, are typically used for the same events. However, banquet halls are held in locations that regularly organise events, such as restaurants and hotels. Banquet halls also have different seating arrangements, allowing small groups of people to interact with each other at a table. A reception setup utilises smaller rounds with highboys, which can accommodate 3-4 people and is normally hosted for receiving well wishes from guests.

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Page last updated in September 2026

To provide you with relevant information, our pages are refreshed using an algorithm that aggregates real-time data, including bookings, reviews, and venue updates.