Discover the best affordable restaurants in Toronto’s diverse culinary scene, where budget-friendly prices meet delectable flavors. From hole-in-the-wall ethnic eateries to gourmet food trucks, our curated list showcases the city’s top wallet-friendly dining spots. Indulge in authentic global cuisines, savor innovative dishes crafted by up-and-coming chefs, and uncover hidden gems that won’t break the bank. Whether you’re a local looking to explore new neighborhoods or a visitor seeking to experience Toronto’s vibrant food culture on a budget, this guide will lead you to the most delicious and affordable meals the city has to offer. Get ready to embark on a flavorful adventure as we reveal the best budget bites in Toronto.

Ethnic Eats Under $15
Flavorful Asian Fare
For a taste of Asia that won’t break the bank, head to Juicy Dumpling on Spadina Avenue. This unassuming spot serves up handmade dumplings bursting with flavors like pork and chive or shrimp and wood ear mushroom, all for under $10. Don’t miss their crispy pan-fried dumplings or the comforting wonton soup.
Another gem is Banh Mi Boys, with several locations across the city. Their Vietnamese-style sandwiches, loaded with succulent meats, pickled vegetables, and fresh herbs, are a steal at around $7. The kimchi fries and steamed baos are equally irresistible.
Craving ramen? Ryus Noodle Bar in Baldwin Village offers authentic Japanese noodle bowls starting at just $12. The rich, creamy tonkotsu broth and perfectly chewy noodles will transport your taste buds straight to Tokyo. For a spicy kick, try their tantanmen ramen with ground pork and chili oil.
Finally, Taste of China Seafood Restaurant in Chinatown is a local favorite for its extensive menu of Cantonese dishes. The sizzling hot pot with fresh seafood and vegetables is big enough to share and costs around $15. Pair it with an order of their crispy salt and pepper squid for a satisfying meal that won’t leave you hungry.
With these flavorful Asian eateries, you can embark on a culinary adventure across the continent without spending a fortune. Whether you’re in the mood for dumplings, banh mi, ramen, or Chinese seafood, Toronto has you covered with delicious options that are easy on the wallet.
Taste of Latin America
Embark on a flavorful journey through the vibrant world of Latin American cuisine without breaking the bank. Toronto’s diverse culinary scene boasts a treasure trove of authentic and affordable eateries that will transport your taste buds south of the border.
Nestled in the heart of Kensington Market, El Trompo delights with its traditional Mexican fare. Handmade corn tortillas, succulent al pastor tacos, and zesty guacamole are just a few of the mouthwatering offerings that keep locals and tourists alike coming back for more. The cozy, colorful interior and friendly staff create a welcoming atmosphere that feels like a slice of Mexico in the city.
For a taste of Colombia, head to La Paisa, a hidden gem on St. Clair West. This family-run restaurant serves up hearty portions of bandeja paisa, a classic dish featuring grilled meat, beans, rice, and fried plantains. The arepa de choclo, a sweet corn cake topped with cheese, is a must-try. Wash it all down with a refreshing glass of homemade lemonade or a traditional Colombian soda.
Experience the flavors of Peru at Mochica, a charming spot on College Street. The ceviche, made with the freshest catch of the day, is a standout dish that showcases the country’s coastal cuisine. The lomo saltado, a stir-fry of tender beef, onions, and tomatoes served with fluffy rice, is another crowd-pleaser. Don’t miss the chance to sample the exotic Inca Kola, a sweet, bubblegum-flavored soda that perfectly complements the bold flavors of Peruvian cooking.
Gourmet Bites on a Budget
Lunchtime Steals
Indulge in a midday escape as you savor exquisite flavors at pocket-friendly prices. Embark on a culinary journey through Toronto’s upscale dining scene, where lunchtime specials abound. At Canoe, perched atop the TD Bank Tower, relish the $18 prix fixe menu featuring locally-sourced delicacies like Ontario beet salad and tender braised short rib. Venture to Sassafraz in Yorkville, where a $20 two-course lunch showcases French-inspired dishes such as velvety butternut squash soup and succulent steak frites. For a taste of Italy, head to Buca Osteria & Bar, where the $19 lunch combo includes handmade pasta and a side salad bursting with fresh, seasonal ingredients. Craving Asian fusion? Momofuku Noodle Bar’s $15 weekday lunch special offers a soul-warming bowl of ramen and a refreshing cucumber salad. These midday deals prove that experiencing Toronto’s haute cuisine needn’t break the bank. Treat yourself to a lunchtime escape that marries sophistication with affordability, as you explore the city’s most irresistible dining destinations.

Happy Hour Havens
For an exquisite happy hour experience, venture to Montecito, where the ambiance is as refined as the cocktails. Their $8 signature drinks, like the smoky mezcal margarita, pair perfectly with the truffle fries and wagyu sliders. For a more laid-back vibe, The Dock Ellis offers craft beers and wines at half-price during their happy hour deals, along with $2 oysters and $10 charcuterie boards. If you’re in the mood for something more substantial, head to Maison Selby, where their 4-7pm happy hour features $9 cocktails and a selection of gourmet bites like duck confit poutine and escargot vol-au-vent. For a taste of la dolce vita, Ufficio’s Italian-inspired aperitivo hour boasts $8 spritzes and negronis, accompanied by complimentary cicchetti like arancini and prosciutto-wrapped breadsticks. These chic spots prove that you don’t have to break the bank to indulge in Toronto’s finest food and drink offerings.
Cheap Eats Hotspots

Street Food Superstars
Toronto’s vibrant street food scene offers a delicious array of affordable eats that will tantalize your taste buds without breaking the bank. For a taste of Mexico, head to El Guero Gordo, where their $5 tacos al pastor are a true flavor fiesta. The succulent pork, marinated in a blend of guajillo chiles and spices, is slow-cooked on a vertical spit and served with fresh pineapple, onions, and cilantro. Another must-try is the Fidel Gastro food truck, known for their mouthwatering $8 Pad Thai Fries – a creative fusion of crispy fries topped with traditional Thai ingredients like bean sprouts, peanuts, and a zesty tamarind sauce. For a classic Canadian treat, visit Bobbie Sue’s Mac + Cheese, where you can indulge in a comforting bowl of gourmet mac and cheese for just $9. With a variety of artisanal toppings like truffle oil, crispy bacon, and caramelized onions, these cheesy creations are a cut above the rest. These street food superstars prove that great taste and quality ingredients can be enjoyed at wallet-friendly prices, making them perfect pit stops for budget-conscious foodies seeking a memorable culinary adventure in the heart of Toronto.
Hidden Gems
Toronto’s culinary landscape is a treasure trove of hole-in-the-wall gems that serve up mouthwatering dishes at unbelievably affordable prices. Venture off the beaten path to discover Ghadir, a charming Lebanese eatery nestled in the heart of the city. Their succulent shawarma, freshly made tabouleh, and creamy hummus will transport your taste buds to the streets of Beirut without breaking the bank.
For a taste of Ethiopia, head to Lalibela, where the fragrant spices and vibrant flavors of their traditional dishes are matched only by the warmth of their hospitality. Share a platter of injera, a spongy sourdough flatbread, topped with an array of aromatic stews and vegetables – a feast for both the eyes and the palate.
Craving a slice of Naples? Look no further than Bitondo’s Pizzeria, a family-run institution that has been serving up authentic Neapolitan pizza for over half a century. With its crispy, thin crust and generous toppings, their pizza is a testament to the power of simplicity and quality ingredients.
These hidden gems offer a delicious escape from the ordinary, proving that exceptional dining experiences don’t have to come with a hefty price tag in Toronto’s diverse and dynamic food scene.
Toronto’s affordable dining scene is a testament to the city’s culinary diversity and inclusivity. From hole-in-the-wall ethnic eateries to trendy food trucks and cozy cafes, there’s no shortage of budget-friendly options for the discerning foodie. These restaurants not only offer delicious, wallet-friendly meals but also provide a glimpse into the rich tapestry of cultures that make up this vibrant metropolis.
Whether you’re a local looking to explore new flavors or a tourist seeking an authentic taste of Toronto, these affordable gems are sure to satisfy your cravings without breaking the bank. As you embark on your culinary adventures, take a moment to appreciate how these establishments contribute to the city’s vibrant food scene, making it accessible to all. So, grab a friend, a healthy appetite, and set out to discover the hidden delights that await in Toronto’s budget-friendly dining landscape.