The 16 Best Cheap Event Venues for Rent in Toronto, ON

Q: What are the most popular locations for hosting an affordable event in Toronto?

When it comes to inexpensive venue rentals in Toronto , there are several districts that are a go-to for our customers. The Distillery District offers a great selection of blank canvas venues, which are usually on the cheaper side since you only pay for space itself. Anywhere in Downtown or Midtown is also a popular option, since both of these areas are very accessible via public transport.

Q: How can I throw a small party on a budget in Toronto?

Venue Selection - Choose a budget-friendly venue that offers flexibility and affordability. Consider unconventional spaces such as community centers, parks, or even your own backyard for a cost-effective option. Look for venues that allow you to bring your own food and drinks to further reduce expenses. DIY Decorations - Get creative and make your own decorations to personalize the venue without breaking the bank. Utilize inexpensive materials like paper, fabric, and natural elements to craft centerpieces, banners, and table settings. DIY decorations not only save money but also add a unique touch to your party. Potluck or BYOB - Cut down on catering costs by hosting a potluck-style event where guests contribute dishes to share. Alternatively, consider a BYOB (Bring Your Own Booze) policy to minimize expenses on alcohol. This not only reduces the financial burden on you as the host but also encourages a sense of community and involvement among guests. Digital Invitations - Save money on paper and postage by opting for digital invitations instead of traditional paper ones. There are many free or low-cost online platforms that allow you to design and send customizable invitations via email or social media. Not only are digital invitations eco-friendly, but they also offer convenient RSVP tracking and easy communication with guests.

Cheap Event Venues for Rent in Toronto, ON

FAQs about Top Cheap Event Venues in Toronto, ON

What are the starting prices for venue rental in Toronto?

In Toronto, venue rental prices can vary widely depending on factors such as the type of venue, its location, amenities, and included services. Typically, for event packages that include catering and other services, you can expect prices to start around $30 to $50 per person. For hourly hire without additional services, rates generally range from $50 to $300 per hour, again depending on the venue's features and location. It's always a good idea to inquire directly with venues to get specific pricing details tailored to your event needs. (All data from Tagvenue.)

What are the most popular locations for hosting an affordable event in Toronto?

When it comes to inexpensive venue rentals in Toronto, there are several districts that are a go-to for our customers. The Distillery District offers a great selection of blank canvas venues, which are usually on the cheaper side since you only pay for space itself. Anywhere in Downtown or Midtown is also a popular option, since both of these areas are very accessible via public transport.

How can I throw a small party on a budget in Toronto?

Venue Selection - Choose a budget-friendly venue that offers flexibility and affordability. Consider unconventional spaces such as community centers, parks, or even your own backyard for a cost-effective option. Look for venues that allow you to bring your own food and drinks to further reduce expenses.
DIY Decorations - Get creative and make your own decorations to personalize the venue without breaking the bank. Utilize inexpensive materials like paper, fabric, and natural elements to craft centerpieces, banners, and table settings. DIY decorations not only save money but also add a unique touch to your party.
Potluck or BYOB - Cut down on catering costs by hosting a potluck-style event where guests contribute dishes to share. Alternatively, consider a BYOB (Bring Your Own Booze) policy to minimize expenses on alcohol. This not only reduces the financial burden on you as the host but also encourages a sense of community and involvement among guests.
Digital Invitations - Save money on paper and postage by opting for digital invitations instead of traditional paper ones. There are many free or low-cost online platforms that allow you to design and send customizable invitations via email or social media. Not only are digital invitations eco-friendly, but they also offer convenient RSVP tracking and easy communication with guests.

What types of cheap event venues does Toronto offer?

Toronto offers a variety of affordable event venues that cater to different preferences and budgets. You can explore options such as community centres, local parks with rentable spaces, libraries with meeting rooms, and cultural centres. Additionally, some restaurants, cafes, and bars offer event spaces at reasonable rates, especially during off-peak hours. Another option is to consider unconventional venues like art galleries, warehouses, or even rooftop spaces, which may offer competitive pricing for events.

Tagvenue team

Your Guide to Renting Cheap Event Venues in Toronto, ON

From low-cost lounges and charming cafes to flexible studios and budget-friendly banquet halls, the city is full of hidden gems that offer style, character, and value. Whether you’re throwing a birthday bash, hosting a team offsite, or celebrating a milestone, it’s easy to find affordable event spaces that suit your style and your wallet.

Where Can I Find Affordable Event Venues in Toronto?

Downtown Core
While iconic and central, downtown venues can get pricey. But if you look just beyond the Financial District, in areas like Church Street or Kensington Market—you’ll find smaller restaurants, bars, and studios offering competitive rates and unique vibes.
Top Pick: Cecil Community Centre, Kensington-Chinatown

West Queen West & Ossington
Toronto’s arts district is perfect for creative events. From minimalist lofts to independent galleries, this area offers cool, Instagram-worthy spaces, often at a fraction of the cost of traditional venues.
Top Pick: Diptych Studio, Entertainment District

North York & Scarborough
These suburban districts are ideal for budget-conscious event planners. Think larger spaces, lower rental fees, and more parking. Check Scarborough Town Centre or Sheppard Ave for flexible venues with solid amenities.
Top Pick: Leng Keng, York University Heights

Leslieville & Riverside
These east-end neighbourhoods offer stylish yet affordable venues, ideal for intimate weddings, family gatherings, or workshops. Carlaw Ave is especially known for its converted studios and warehouse-style venues.
Top Pick: Leaside Studio, Leaside-Bennington

Budget-Friendly Venues in Downtown

Yes, there are plenty of budget-friendly venues in downtown Toronto that offer great value along with flexibility. Here are three standout options:

Cecil Community Centre Location: Kensington-Chinatown
This is a true community hall with generous standing capacity (268) and seating for up to 150 guests. At just C$175 per hour, it’s an excellent option for large gatherings on a tight budget. It’s ideal for DIY setups and likely to support BYO catering or decorations.
Shvrk Studio Kensington Location: Kensington Market
A classic blank canvas space that’s perfect for intimate events or creative setups. With a capacity for 30 guests and rates starting at C$85 per hour, it offers one of the most affordable and flexible layouts downtown—great for pop-up parties or photo shoots.
Foy House (The Village location) Location: The Village, Toronto, ON
Offering small room rentals from C$50 per hour, Foy House is a charming heritage property suitable for intimate gatherings. Its various rooms provide flexible layouts, and the space suits a BYO approach for catering and decor.

Cheap Party Room Rentals In Toronto With Essential Amenities

Yes, many cheap venues in Toronto still offer essential amenities like tables, chairs, Wi-Fi, and flexible layouts. For example:

Dance Annex Studios - 693 Bloor St West offers a clean, open space for just C$54 per hour, ideal for rehearsals or small parties.
The Morpheus Clinic for Hypnosis in the Bay Street Corridor provides a quiet setting with seating and AV support from C$85 per hour.
Media Studio in the Bay Street Corridor includes basic furnishings and is great for workshops or creative sessions at C$100 per hour.

5 Tagvenue Tips for Booking a Cheap Venue in Toronto

Be Flexible With Your Date & Time

Weekdays (Mon–Thurs) are cheaper than weekends.
Off-season months (January–March) often have lower rates.
Daytime rentals tend to cost less than evening bookings.

Think Outside the Box

Rent a gallery or community centre instead of a banquet hall.
Consider restaurant patios, office atriums, or cafes with private rooms.
Host in an empty studio and transform it with DIY decor.

Rent Only What You Need

Don’t book an entire venue if you only need one room.
Some venues allow partial rentals—great for keeping costs low while still offering enough space for guests.

Choose Venues With BYO Options

Bring your own food or alcohol to save on in-house catering costs.
Ask about corkage or clean-up fees up front to avoid surprises.

Use Rentals Wisely

Need tables, chairs, or linens? Rental companies offer flexible packages at great prices—perfect for dry-hire venues (spaces that don’t include furnishings).

Types of Affordable Event Venues in Toronto

Toronto offers a wide range of venue types to suit different event needs.

Studios and lofts are ideal for workshops, photo shoots, and small parties thanks to their flexible layouts.

Community centres provide budget-friendly options for weddings and local fundraisers.

For birthdays, brunches, or dinners with custom menus, cafes and restaurants are a great choice. If you're planning a large celebration, banquet halls are perfect for big guest lists, cultural events, and corporate parties.

Event spaces in offices work well for seminars, meetings, and team-building activities, while art galleries offer a creative setting for networking events or product launches. Finally, outdoor patios are perfect for summer parties and relaxed get-togethers.

Event planning doesn’t have to break the bank. With a little creativity—and the right tools—you can pull off a stylish, fun, and unforgettable event without stretching your budget. Browse Toronto’s top affordable venues on Tagvenue today, and get ready to bring your vision to life for less.

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Verified Reviews of Cheap Event Venues in Toronto, ON

Juliana B.

Booked Main Room at Mezcalero

5.0

We had our baby shower at the Mezcalero and it was awesome! The restaurant is beautiful, it is so nice we did you have to decorate, just some balloons. Planning for the day of was easy, Anthony responded to our emails and was available for questions. The team working the event was great! The food was delicious, we would recommend the pizza pockets, chicken fingers, and sliders. We ordered from the catering party menu and thought portions were very good. Only thing that was under whelming was the cheeseboard, would recommend spending that food money on nachos for a big group.

Zoë P.

Booked Isabella Dining Room at Foy House

5.0

10/10 would book for future events! Georgia was communicative about the venue pre-event and a lovely manager of the venue in person. The interior is gorgeous and just what I needed to host a murder mystery dinner. (Actually, it was better, thanks to Georgia finding various props for us from around the house and teaching us to use the coloured chandelier!). Love that the venue supplies dinnerware and cutlery to keep things environmentally-friendly. Guests who drove didn't have issues with parking nearby. It was also nice to not feel "confined" to the exact room and have guests freely use the building washrooms, store things in the fridge, employ the hallway in the game, etc. Overall it was really easy to host here and I hope the building continues to offer rentals well into the future as I'll definitely be recommending it to all my friends that didn't get to experience it themselves that night!

Halle M.

Booked Tropical Themed Space at TacoTaco

5.0

This was the perfect event space for my 30th birthday. The staff were friendly, helpful and accommodating. The food was amazing! So many of my guests said they will be coming back for more tacos specifically! They had what we needed for the DJ to set up and a tv, and a grass wall with a ring light to take pictures. Plus other cute spots for pictures. They also let us stay and play music until about 2:30am! Overall my event was a success and thanks so much to TacoTaco for hosting us. I will definitely recommend this space to others!

Skylar L.

Booked Isabella Dining Room at Foy House

5.0

This venue was a dream! Not only is the location perfect, right off the subway, but upon entering, we were greeted by the warmth and kindness of Georgia! Her space is amazing, fit for weddings and celebrations, but in our case, it was perfect for an intimate table reading of a play. We spent the first half humming and hawing over the beauty of the space and couldn't get over how cool and quaint it truly was. Georgia was a superstar, giving us a tour, help with setting up and overall giving the best hospitality... not to forgot the snacks she offered. Overall, we have a wonderful time and would highly recommend it to anyone and all needs. Thank you so much!!

Khadija D.

Booked Main Hall at Dance Life Studios Toronto

5.0

Hugo was an amazing Host, he went above and beyond to make my venue as perfect as possible. I was extremely pleased with the process of everything from start to finish, as it was super easy to get a hold of him, as well as super flexible with allowing me to see the venue and etc. Guests were super pleased with the spacious parking and how well laid out the venue space is. This was my first time booking and I will definitely be booking here again, the experience was above anything. Thank you Hugo.

Lindsay H.

Booked UUIN Entire Venue at UUIN

4.0

The venue was great for what I was looking for! Lots of space for a dance floor, my DJs we easily able to connect and make use of the sound system, and there was a perfect spot to set up a Photo Booth area for my guests to take fun photos. There’s a big chest freezer available for use, which was good for keeping ice frozen throughout the night. There’s a kitchen with a small fridge and toaster oven, which was useful for getting our food stuff organized to set out. I had ordered a lot of food, but there is a vending machine in the space which could come in handy for anyone seeking out a quick snack. Phillip was very easy to reach and communicate with leading up to my event, and very friendly and helpful. Him and his crew also helped us clean up and the end of the night, which was a nice bonus. Definitely a good little spot off the beaten path!

Norm N.

Booked Tropical Themed Space at TacoTaco

5.0

Best venue I have ever booked - Amazing communication (fast, professional, clear) - booking went great - Professional, friendly and helpful staff - very welcoming and clear - Event space was INCREDIBLE! The pictures don't do it justice - Guest reactions were off the chart. Everyone was instantly in love with the space! I even changed plans mid-event, and everyone was incredibly helpful in getting things arranged and changed up. Lightning fast, and non-stop friendly. Additional positives (many of which we didnt use much of) - great sound system - theres a stage! (used that!) - lighting was great as well - tons of both standing and sitting room - there's a bar! - event space is hidden behind the restaurant (which is really cool) but has its own door, bathroom, etc... Honestly if you are hosting an event for under 100 people, this is pretty much the best space you can get. I've rented out quite a few spaces in the past while, and this has been the best in terms of the overall space, service, communication, people, layout options, and guest-reactions

Juleit A.

Booked The Gallery at Jessica Gorlicky Designs

5.0

Words cannot begin to explain the gratitude I feel towards working with Jessica and her team. The gallery was absolutely amazing! Jessica was incredibly easy to work with. She was very understanding and always attended our calls even on weekends. She did everything possible to make sure our event was smooth running. Thank you Jessica for always being there for us from the start. Your venue made our wedding day an experience not only to us, but to our guests. Our guest loved the vibe of your venue and enjoyed taking pictures with your beautiful art pieces. We really appreciate all that you have done!