Affordable Function Rooms for Rent in Toronto, ON

Affordable Function Rooms for Rent in Toronto, ON

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Top Affordable Function Rooms in Toronto, ON

Toronto’s neighbourhoods are packed with affordable function rooms that strike the perfect balance between price and practicality. Scarborough, Etobicoke, or downtown Toronto offer spaces that don’t just fit your budget, they’ll take your event up a notch with thoughtful details like AV equipment, stylish decor, catering options, and flexible layouts. There’s no need to compromise on quality for your milestone birthday, business meeting, or community gathering. You can easily find affordable venues with Tagvenue. Sort through your options by price, location, and amenities to secure a space that suits your needs—and maybe even leave room in your budget for something extra special.

Map of Toronto, ON
212 Function Room Venues in Toronto, ON

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Map of Toronto, ON
212 Function Room Venues in Toronto, ON

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Affordable Function Rooms for Rent in Toronto, ON

FAQs about Top Affordable Function Rooms in Toronto, ON

The cost of affordable function rooms averages around C$110 hire fee per hour. 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 from December 2025:

Prices of affordable function rooms in Toronto
From C$90 to C$160 hire fee per hour
From C$1000 to C$2000 minimum spend per event
From C$30 to C$75 per person

Based on the popularity and user ratings on Tagvenue (updated December 2025), the best options include:

  • ZenDen Room at Alternity in University - rated 5/5
    Our user said: ‘Furthermore, the venue was clean, accessible, and many amenities that were perfect for our event and audience.’

  • Tropical Themed Space at TacoTaco in Kensington Market - rated 4.9/5
    Our user said: ‘We even had a space to put our postcard guestbook, which was a big hit.’

  • Lounge at The Vista Event Space in Junction Area - rated 4.9/5
    Our user said: ‘Great venue. New tables and chairs. New lighting and great ambiance.’

You'll find affordable function rooms 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 (December 2025):

Small up to 25 guests prices average C$100 hire fee per hour
Medium between 40 and 60 guests prices average C$100 hire fee per hour
Large over 70 guests prices average C$290 hire fee per hour

These are the venues within 650 m from central Toronto, available to book on Tagvenue:

These venues are super versatile, so whether you're celebrating a birthday or hosting a casual reunion party, there's something for you. Spaces like Sorry Studio in Liberty Village can hold up to 80 standing guests and are great for relaxed team-building events. You can even bring your own decor to set the mood!

From hourly rentals to full-day bookings, you've got options. Smaller venues, like LAUFT King East, are great for quick meetings or pop-ups (just an hour or two).

For professional events, small meeting rooms like 1RG Space are ideal for private discussions or workshops. If you're hosting an elegant party, lofts like The Vista Event Space in the Junction Area offer a warm atmosphere with a dedicated lounge area. Creative Studios like Media Studio in Bay Street Corridor are fantastic for innovative events or photoshoots. Function halls like The Unity Studio or Wavy Events can hold up to 150 guests for larger celebrations or corporate events. 

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Affordable Function Rooms in nearby suburbs

Scarborough, ON Downtown Toronto, ON

Affordable Function Rooms in Ontario

Brampton, ON Mississauga, ON

Affordable Function Rooms in other cities

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Page last updated in December 2025

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