Top 5 Cheapest Neighborhoods to live in Mississauga with the Best Quality of Life - 2024

Moving to Mississauga offers numerous advantages, such as affordable housing options and excellent schools. It’s an attractive place to settle for families and individuals alike. Mississauga boasts a diverse community, creating a vibrant and inclusive atmosphere. While traffic congestion and limited public transportation are drawbacks, Mississauga’s affordability and quality of life make it a desirable place to live. 

When looking for the best neighborhood in Mississauga, consider the city’s affordable areas and easy access to amenities, making it an excellent choice for families and individuals seeking a balanced lifestyle.

Read on to discover the top 5 cheapest places to live in Mississauga with the best quality of life in 2024.

Methodology

We based our ranking of the 5 cheapest places to live in Mississauga on the average cost of buying a property, the average cost of rent for a 1-bed apartment in November 2023, and the quality of life. Statistics come from Redfin for the average cost of buying a property and Zumper for the average cost of rent for a 1-bed apartment.

The “Best quality of life” aspect is measured based on feedback from real people who have moved to this area in our database or real people from trusted online forums. More specifically, we look for positive feedback on job opportunities, quality of education, quality of healthcare, feeling of safety, public transportation, environment (cleanliness), as well as availability of recreational facilities and parks.

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Cheapest Places to live in Mississauga

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Clarkson

Apartment in Clarkson
  • Average cost of rent for 1-bedroom apartment: $2,383
  • Average cost of buying a property: $861,000

Clarkson, in the southwest of Mississauga by Lake Ontario, is a residential area with Lakeshore Road West as its main street. This street has shops and restaurants for residents to easily access amenities. Additionally, Southdown Road is where residents can find the Clarkson Go Station for commuting to Toronto and the GTA.

Characterized by tree-lined streets, parks, and recreational facilities, Clarkson offers a mix of housing options, including single-family homes and condominiums. As of November 2023, the average cost of buying a property is $861,000, and a 1-bed apartment average rental cost is $2,383

Redfin (Nov 2023) & Zumper (Nov 2023)

Clarkson, Ontario

Erin Mills

Apartment in Erin Mills
  • Average cost of rent for 1-bedroom apartment: $2,159
  • Average cost of buying a property: $975,000

Erin Mills is located on the western side of Mississauga, with a population of 42,200 residents. It is known for its mix of residential, commercial, and green spaces. One of the main appeals is its collection of trails and parks, such as Erin Centre Trail Park, offering recreational facilities for families and promoting a healthy lifestyle for its residents.

Erin Mills has a variety of residential neighborhoods, ranging from single-family homes, townhouses, semi-detached, and fully detached houses to condominiums. As of November 2023, the average cost of buying a property is $975,000, and a 1-bed apartment average rental cost is $2,159.

Redfin (Nov 2023) & Zumper (Nov 2023)

Erin Mills, Ontario

Applewood Hills

Apartment in Applewood
  • Average cost of rent for 1-bedroom apartment: $2,329
  • Average cost of buying a property: $978,000

Located in southeast Mississauga, Applewood is an ideal neighborhood for Toronto commuters, with Union Station accessible in just 25 minutes by car. Additionally, it offers convenient shopping options, including Applewood Village Plaza and Applewood Hills Plaza. Outdoor enthusiasts can enjoy recreational activities in the expansive green areas it offers, such as Westacres Park and Lakeview Park.

With a reported low crime rate of 0.02 crimes per 1,000 people, Applewood offers an extremely safe and welcoming environment. Home to approximately 40,900 residents, it features a variety of housing options, including detached homes, bungalows, and split levels. As of November 2023, the average rent for a 1-bed apartment average rental cost is $2,383, and the average cost of buying a property is $861,000.

Redfin (Nov 2023) & Zumper (Nov 2023)

Applewood, Ontario

Meadowvale

Apartment in Meadowvale
  • Average cost of rent for 1-bedroom apartment: $2,559
  • Average home price: $981,000

Meadowvale is the perfect neighborhood that offers suburban living mixed with a slower-paced environment, making it ideal for those who enjoy spending time in green spaces. The area has numerous parks and trails, including the Meadowvale Conservation Area and Lake Aquitaine Park. 

Meadowvale features a variety of housing types, including single-family homes, detached and semi-detached homes, townhouses, and condominiums. Homes here are more affordable than in most Mississauga neighborhoods. As of November 2023, the average cost of buying a property is $981,000, while renting a 1-bed apartment average rental cost is $2,559

Redfin (Nov 2023) & Zumper (Nov 2023)

Meadowvale, Ontario

Churchill Meadows

Apartment in Churchill Meadows
  • Average cost of rent for 1-bedroom apartment: $1,600
  • Average cost of buying a property: $1,070,000

Churchill Meadows is a suburban residential neighborhood adjacent to Milton, with easy access to highways 403 and 407. It is one of Mississauga’s youngest and fastest-growing neighborhoods, with a mix of well-maintained homes. Despite being well-connected to Mississauga and the Greater Toronto Area, Churchill Meadows benefits from lower housing costs compared to downtown Toronto. 

The neighborhood offers a high quality of life with amenities such as the Churchill Meadows Community Centre and Mattamy Sports Park. The park features a 25-meter, six-lane pool, a triple gymnasium, a multipurpose room with a teaching kitchen, and an active living studio. 

Outdoor amenities include two lit artificial turf soccer fields, a playground, a spray pad, a skate park, a multipurpose court, outdoor fitness equipment, and trails. As of November 2023, the average cost of buying a property is $1,070,000, while renting a 1-bed apartment average rental cost is $1,600

City of Mississauga (April 2024) ,Redfin (Nov 2023) & Zumper (Nov 2023)

Churchill Meadows, Ontario

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Conclusion

Moving to Mississauga offers affordable housing options and a high quality of life. Neighborhoods like Clarkson, Erin Mills, Applewood Hills, Meadowvale, and Churchill Meadows provide accessible rent and property prices. 

Locals enjoy a vibrant community with excellent schools and suburban amenities, all while being well-connected to Toronto and the Greater Toronto Area. With a variety of neighborhoods to choose from, Mississauga provides the perfect balance between affordability and quality of life.

Are you going to move soon? Check the best moving companies in Mississauga for a stress-free move.

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Ann Nacario

The author

Meet Ann – our head writer with a knack for making moving and city living a breeze. From the many details of moving to picking the perfect moving company, she’s your guide. Ann has a friendly yet detailed approach to ensure your move goes off without a hitch. When she’s not writing about relocation, it will always be on her mind, but you’ll catch her spending time with her three furry friends.

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