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 this year.

Methodology

We ranked the five cheapest places to live in Mississauga by considering factors such as the average property purchase price, the average rent for a one-bedroom apartment as of fall of 2024, and overall quality of life. This analysis draws on various real estate and rental statistics to provide a comprehensive overview.

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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1. Erin Mills

Apartment in Erin Mills
  • Average cost of rent for 1-bedroom apartment: $2,121
  • Average cost of buying a property: $1,170,000

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. 

Redfin (Sept 2024) & Zumper (Sept 2024)

Erin Mills, Mississauga, Ontario

2. Applewood Hills

Apartment in Applewood
  • Average cost of rent for 1-bedroom apartment: $2,347
  • Average cost of buying a property: $912,000

If you’re looking for a community that feels like home, Applewood Hills is a top contender. Often regarded as one of the best places to live in Mississauga, this charming neighborhood boasts beautiful parks like Applewood Hills Park, with its playground, and the stunning Brueckner Rhododendron Gardens—perfect for leisurely strolls.

What truly sets Applewood Hills apart is its peaceful vibe and strong community spirit, with residents actively participating in local events. Young families will appreciate the reputable schools, including Applewood Acres Public School and St. Joan of Arc Catholic School.

The area primarily features single-family homes and townhouses, creating that ideal suburban charm, and many homes are priced under $1 million, making it relatively affordable.

For shopping, nearby centers like Square One and Erin Mills Town Centre offer a variety of shops and dining options, all within a relaxed atmosphere. Overall, Applewood Hills is a fantastic place for families looking to settle down in a vibrant community.

Redfin (Sept 2024) & Zumper (Sept 2024)

Applewood Hills, Mississauga, Ontario

3. Churchill Meadows

Apartment in Churchill Meadows
  • Average cost of rent for 1-bedroom apartment: $2,350
  • Average cost of buying a property: $1,010,000

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. 

Redfin (Sept 2024) & Zumper (Sept 2024)

Churchill Meadows, Mississauga, Ontario

4. Meadowvale

Apartment in Meadowvale
  • Average cost of rent for 1-bedroom apartment: $2,384
  • Average home price: $920,000

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 also offers a safe and welcoming environment with a low crime rate which is ideal for families. Meadowvale also features a variety of housing types, including single-family homes, detached and semi-detached homes, townhouses, and condominiums. 

Redfin (Sept 2024) & Zumper (Sept 2024)

Meadowvale, Mississauga, Ontario

5. Clarkson

Apartment in Clarkson
  • Average cost of rent for 1-bedroom apartment: $2,424
  • Average cost of buying a property: $1,000,000

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.  Clarckson is also known as one of the safest neighborhoods in Mississauga with a low crime rate!

Redfin (Sept 2024) & Zumper (Sept 2024)

Clarkson, Mississauga, 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.

 

Last year’s ranking (2024)

  1. Clarkson
  2. Erin Mills
  3. Applewood Hills
  4. Meadowvale
  5. Churchill Meadows

 

Our rankings are meticulously curated with a focus on safety, affordability, and quality of life. Please note that some locations from last year’s rankings may have been excluded from this year’s list due to deviations from our methodology. This could include areas with insufficient rental/safety data or those with higher/lower averages compared to the previous year. We encourage readers to consider these rankings in conjunction with their individual needs and preferences to make well-informed decisions.

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Alexa Polichronis

The author

Meet Alexa, the Marketing Coordinator at MovingWaldo. Having acquired a wealth of knowledge over the years about the moving industry, Alexa knows all the tips and tricks to make your move a breeze. Equipped with creativity and a passion for efficiency (and a love for travel), she’s here to present information in the most effective way, ensuring you save time and money.
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