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.
The cost of affordable function rooms in Toronto averages around C$100 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 October 2025:
From C$85 | to C$160 | hire fee per hour |
From C$1000 | to C$2000 | minimum spend per event |
From C$500 | to C$1200 | hire fee per day |
Based on the popularity and user ratings on Tagvenue (updated October 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 (October 2025):
Small affordable function rooms | up to 30 guests | prices average C$99 hire fee per hour |
Medium affordable function rooms | between 40 and 60 guests | prices average C$100 hire fee per hour |
Large affordable function rooms | over 80 guests | prices average C$226 hire fee per hour |
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.