48 Hours in Toronto Without Breaking the Bank

Published on June 18, 2025

by Annie Driver

Toronto, Canada’s largest city, may be known for its skyscrapers and cosmopolitan flair, but that doesn’t mean it’s out of reach for travelers on a budget. With its dynamic neighborhoods, free attractions, and affordable eats, it’s entirely possible to explore Toronto meaningfully for just $100 over two days.

This itinerary is designed for the frugal adventurer looking to make the most of a short visit without compromising on cultural experiences, iconic landmarks, or delicious local flavors. Here’s how to spend 48 hours in Toronto on a tight budget and still walk away with unforgettable memories.

About Toronto

Toronto is the capital of Ontario and the economic heart of Canada. It’s a multicultural metropolis home to over 200 nationalities and is known for its arts scene, global cuisines, and vibrant downtown. Originally a settlement called York, Toronto was incorporated in 1834 and has grown into a global city with a small-town feel in its neighborhoods. Visitors enjoy its walkability, green spaces, and world-class attractions.

48 Hours in Toronto: Day One

Kensington Market

Start your morning by exploring the bohemian charm of Kensington Market, one of Toronto’s most eclectic neighborhoods. This area is filled with vintage shops, indie cafes, and colorful murals.

Stroll the streets for free, grab a coffee and pastry for under $6 at FIKA or Moonbean, and take in the local vibe. The market is walkable from Spadina or College subway stations and is best explored on foot. It’s open year-round.

Art Gallery of Ontario (AGO)

Next, head to the Art Gallery of Ontario (AGO), located just a 15-minute walk from Kensington. On Wednesdays, admission is free from 6–9 PM, but during other days, consider exploring the free public art installations outside or nearby street murals.

If you visit on a Wednesday, make the most of the extensive Canadian and Indigenous art collections. The AGO is on Dundas Street West and easily accessible by TTC.

Chinatown

For dinner, walk a few blocks into Chinatown. This district offers some of the best budget-friendly meals in the city. Grab a steaming bowl of pho or noodles for around CAD $10–$12 at a local favorite like Swatow or Pho Hung.

Chinatown is not only a culinary hub but also a great area to people-watch and explore authentic food markets. It’s best reached on foot or via the Spadina streetcar.

48 Hours in Toronto: Day Two

Harbourfront and Toronto Islands

Begin your day by walking down to the Harbourfront for a scenic lakeside stroll. Enjoy views of Lake Ontario and explore the public art and markets in the area.

If the weather is nice, take the ferry to Toronto Islands for just CAD $9.11 round-trip. Once on the islands, rent a bike (or bring your own) and cycle around Centre Island and Ward’s Island. The beaches and gardens are free and perfect for a picnic.

St. Lawrence Market

Return to the city core and head to St. Lawrence Market, one of the world’s great public markets. Even if you’re not shopping, browsing the stalls is an experience in itself.

Grab a peameal bacon sandwich from Carousel Bakery for around CAD $8. The market is a short walk from Union Station and is open Tuesday through Saturday.

Distillery Historic District

Finish your day in the pedestrian-only Distillery District. This former industrial area is now filled with art galleries, artisan shops, and cobblestone charm. Entry is free, and window-shopping is part of the fun.

If you have a few dollars left, grab a small coffee or gelato as you reflect on your time in Toronto. It’s best reached via King Streetcar eastbound.

Tips to Save Money on Your Trip to Toronto

Use a PRESTO card to save on transit fares
Take advantage of free admission days at museums and galleries
Walk as much as possible to save on transportation
Pack a reusable water bottle and snacks
Eat at Chinatown or university-area diners
Book accommodation through budget platforms like Hostelworld or Couchsurfing
Use free Wi-Fi at libraries and cafes

Tips for Transportation

Get a TTC Day Pass for CAD $13.50 if planning 3+ rides
Use Google Maps or the Transit App for accurate TTC routing
Streetcars and buses accept PRESTO and contactless credit cards
Consider walking in the downtown core—it’s compact and safe
Use Bike Share Toronto for quick local trips (starts at CAD $1.00 for 10 minutes)
Check if your hostel offers transit discounts or maps
Take the UP Express to/from Pearson Airport if arriving late

Final Thoughts

Toronto may have a big-city reputation, but it offers countless free and low-cost experiences for budget-minded travelers. With careful planning and a willingness to walk and explore, you can enjoy art, nature, history, and culture—all for under $100 over two days. Use this itinerary as your blueprint and get ready to fall in love with Toronto on a shoestring.