The 16 Best Cheap Bars for Rent in Toronto, ON

Q: How much does it cost to book affordable bars in Toronto?

Booking costs of cheap bars average C$2500 minimum spend per event. Costs vary depending on guest capacity, popularity, location, and amenities like sound systems or bar services. Extra charges may apply for custom catering, decor, or event planning services. Packages with add-ons, such as DJs, photo booths, or other entertainment services, can also increase the overall cost. Check out the typical price ranges in Toronto, based on Tagvenue data: - From C$1200 to C$5000 minimum spend per event - From C$30 to C$80 per person - From C$80 to C$310 hire fee per hour

FAQs about Top Affordable Bars in Toronto, ON

How much does it cost to book affordable bars in Toronto?

Booking costs of cheap bars average C$2500 minimum spend per event. Costs vary depending on guest capacity, popularity, location, and amenities like sound systems or bar services. Extra charges may apply for custom catering, decor, or event planning services. Packages with add-ons, such as DJs, photo booths, or other entertainment services, can also increase the overall cost. Check out the typical price ranges in Toronto, based on Tagvenue data:

Prices of cheap bars in Toronto as of September, 2026
From C$1200	to C$5000	minimum spend per event
From C$30	to C$80	per person
From C$80	to C$310	hire fee per hour

What are the top affordable bar venues available in Toronto?

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

Good Fortune Bar at Good Fortune in Mount Pleasant West - rated 5/5
Our user said: ‘I booked Good Fortune Bar for my 30th and it was truly amazing!’
Entire Space at The Opium Bar in Little Portugal - rated 4.9/5
Our user said: ‘I hosted a surprise for my partner this past weekend. Michael and all the staff at the bar were excellent.’
Entire Venue at PAR BAR Topgolf Swing Suite in Bay Street Corridor - rated 4.8/5
Our user said: ‘I loved everything! Highly recommend to companies with smaller crowds to host their events at Par Bar.’

What are the typical capacities of budget private bars in Toronto?

You'll find cheap bars 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 45 guests	prices average C$1200 minimum spend per event
Medium	between 55 and 90 guests	prices average C$2000 minimum spend per event
Large	over 105 guests	prices average C$8000 minimum spend per event

What are some affordable bars close to Downtown Toronto?

These are the venues within 550 m from central Toronto, available to book on Tagvenue:

Entire Venue at PAR BAR Topgolf Swing Suite on 525 Bay Street Marriott Downtown at CF Toronto Eaton Centre - 300 m from centre.
Our user said: ‘I loved everything! Highly recommend to companies with smaller crowds to host their events at Par Bar.’
Venue at 11:59 Bar:Café on 70 Temperance Street - 500 m from centre.
Our user said: ‘The venue was also very affordable. Would absolutely book here again.’
Event Space at OEB Toronto St on 20 Toronto Street - 550 m from centre.
Our user said: ‘OEB went above and beyond our expectations and were extremely accommodating with all our requests.’

What events can you host at budget private bars in Toronto?

In Toronto, cheap bars are most commonly booked for 35 to 65 guests. Here are some popular kinds of events people have hosted at these spaces on Tagvenue, as of September 2026:

Party	Usually between C$650 and C$1,800.	User who booked Tropical Themed Space at TacoTaco for 40 guests said: ‘Great venue. Central location, delicious food, friendly and helpful staff.’
Birthday Party	Usually between C$1,500 and C$2,500.	User who booked The Moonlight Lounge at TacoTaco for 50 guests said: ‘The staff was really supportive and food was wonderful...’
Engagement Party	Usually between C$1,300 and C$3,200.	User who booked Main Room at Mezcalero for 55 guests said: ‘Incredible venue, accommodating staff (Tony, Kiana and Will are incredible), and excellent energy all around!’
Networking	Usually between C$450 and C$1,900.	User who booked Event Space at OEB Liberty Village for 25 guests said: ‘The staff was helpful and friendly. They helped us to organise the space and everything.’

What are some affordable bar options for a night out with friends in Toronto?

If you're looking for inexpensive places to grab a drink, here are our top picks:

Taco Taco ($100 per hour, Downtown Toronto) - If you're craving spicy food and amazing cocktails, Taco Taco is your spot. Enjoy delicious tacos, great vibes, and good music – everything you need for a fantastic party!
Aura Patio ($50 per person, East Toronto) -This affordable venue is a customer favorite. It’s known for its live performances and unique cocktails. The place has a great atmosphere, cute decor, creative drinks, and vegetarian options, making it perfect for a fun night out.
ET KTV ($280 minimum spend, Markham) - Love karaoke? ET KTV offers a fantastic experience for singing, drinking, and eating with friends. This super affordable spot is ideal for pre-wedding celebrations and birthdays. But make sure to get there early to grab a nearby parking space as parking can be tricky.