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Top Affordable Function Rooms in Downtown Toronto, ON
Looking for a place to party, dine, or celebrate company milestones in privacy? Downtown Toronto’s affordable function rooms are waiting for you! Host anything from cosy baby showers near Dundas Square, corporate workshops on King Street, or intimate birthday soirees along Queen West. These versatile spaces deliver excellent service, convenience, and all the amenities you need without breaking the bank. Easily browse, compare, and book the perfect function room without a hefty price tag.
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![ZenDen Room at Alternity in University, Downtown Toronto, ON]()
from C$45
hire fee / per hourCheck availabilityZenDen Room
60 guestsAlternityUniversity, Downtown Toronto, ON
#Supervenue
BBhanu P.
“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, Downtown Toronto, ON]()
from C$100
hire fee / per hourCheck availabilityTropical Themed Space
50 guestsTacoTacoKensington Market, Downtown Toronto, ON
#Supervenue
JJennifer R.
“I can't wait to rent this place out again, we recieved such great feed back from the guests !!” -
![IP Downtown at Indraprastha Indian Kitchen & Bar Downtown in Kensington-Chinatown, Downtown Toronto, ON]()
from C$30
per person / per sessionCheck availabilityIP Downtown
80 guestsIndraprastha Indian Kitchen & Bar DowntownKensington-Chinatown, Downtown Toronto, ONOur Indian Kitchen & Bar offers a completely private space on a separate floor within the restaurant, ideal for parties of 50-60 people. This exclusive area comes equipped with music and a projector, as well as a separate -
![Tonic House Patio at Sweat and Tonic in Fashion District, Downtown Toronto, ON]()
from C$250
hire fee / per hourCheck availabilityTonic House Patio
40 guestsSweat and TonicFashion District, Downtown Toronto, ONThe Tonic House Patio at Sweat and Tonic is a versatile event space in downtown Toronto, perfect for small gatherings of up to 40 guests. Featuring a long communal table, flexible seating, and a TV for presentations or entertainment, -
![First Floor at Foy House in The Village, Downtown Toronto, ON]()
from C$150
hire fee / per hourCheck availabilityFirst Floor
60 guestsFoy HouseThe Village, Downtown Toronto, ON
#Supervenue
SShalini C.
“Venue itself is very beautiful. Good enough size to host 50 people. I booked two floors.” -
![Media Production Studio at Media studio in Bay Street Corridor, Downtown Toronto, ON]()
from C$100
hire fee / per hourCheck availabilityMedia Production Studio
30 guestsMedia studioBay Street Corridor, Downtown Toronto, ONLLindsay K.
“Beautiful venue, very helpful staff. I would book again” -
![Main studio / Event room at Diptych Studio in Entertainment District, Downtown Toronto, ON]()
from C$120
hire fee / per hourCheck availabilityMain studio / Event room
150 guestsDiptych StudioEntertainment District, Downtown Toronto, ONJJulie T.
“Lots of space, lots of furniture and tables to use. I would recommend booking this place for an event!” -
![Entire Mansion at Foy House in The Village, Downtown Toronto, ON]()
from C$300
hire fee / per hourCheck availabilityEntire Mansion
60 guestsFoy HouseThe Village, Downtown Toronto, ON
#Supervenue
SSumeet V.
“Don't hesitate to book this space for your event!” -
![Prime Luxury Space 3800 sqft at Wavy Events in Kensington-Chinatown, Downtown Toronto, ON]()
from C$375
hire fee / per hourCheck availabilityPrime Luxury Space 3800 sqft
150 guestsWavy EventsKensington-Chinatown, Downtown Toronto, ON
#Supervenue
DDennis L.
“Event went off without a hitch, would rent again & recommend others to rent from him as well.” -
![Foy Dining Room at Foy House in The Village, Downtown Toronto, ON]()
from C$50
hire fee / per hourCheck availabilityFoy Dining Room
20 guestsFoy HouseThe Village, Downtown Toronto, ON
#Supervenue
TTaylor N.
“I would definitely rebook this venue in the future. The space is beautiful and in a great location.” -
![Full Venue at Alternity in University, Downtown Toronto, ON]()
from C$120
hire fee / per hourCheck availabilityFull Venue
120 guestsAlternityUniversity, Downtown Toronto, ON
#Supervenue
AAmy D.
“I feel like it's the best kept secret in Toronto. FANTASTIC venue. FANTASTIC staff. FANTASTIC price point.” -
![Studio at Shvrk Studio Kensington in Kensington Market, Downtown Toronto, ON]()
from C$85
hire fee / per hourCheck availabilityStudio
30 guestsShvrk Studio KensingtonKensington Market, Downtown Toronto, ON
#Supervenue
JJahdaeja K.
“Very responsive/quick response time via text and phone call. Beautiful venue, will definitely be back.”
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FAQs about Top Affordable Function Rooms in Downtown Toronto, ON
The cost of affordable function rooms in Downtown Toronto averages around C$101 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 Downtown Toronto, based on Tagvenue data from September 2025:
| From C$85 | to C$150 | hire fee per hour |
| From C$900 | to C$1400 | hire fee per event |
| From C$532 | to C$1412 | minimum spend per event |
Based on the popularity and user ratings on Tagvenue (updated September 2025), the best options include:
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ZenDen Room at Alternity in University - rated 5/5
Our user said: ‘I feel like it's the best kept secret in Toronto. FANTASTIC venue. FANTASTIC staff. FANTASTIC price point.’ -
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.’ -
First Floor at Foy House in The Village - rated 4.8/5
Our user said: ‘If you’re looking for a unique, beautiful venue in downtown Toronto, I highly recommend Foy House.’