Cheap Banquet Halls for Rent in Toronto, ON

The cost of cheap banquet halls averages around C$60 per person. The final price will depend on location, size, amenities, and demand. Some venues also offer additional packages that include catering, AV equipment, or additional services. Take a look at the usual price ranges in Toronto, based on Tagvenue data from March 2026:

Based on the popularity and user ratings on Tagvenue (updated March 2026), the best options include:

• Windsor at Best Western Premier in West Humber-Clairville - rated 5/5
  Our user said: ‘This will definitely be my first choice for any party.’

• Full Venue at Alternity in University - rated 5/5
  Our user said: ‘The space is a real gem. I feel like it's the best kept secret in Toronto. FANTASTIC venue. FANTASTIC staff.’

• Main Hall at The Vista Event Space in Junction Area - rated 4.9/5
  Our user said: ‘We organized our first meetup event in Toronto at this hidden gem.’

You'll find cheap banquet halls in various sizes, from smaller spots to larger venues; keep in mind that the type of space and your chosen layout will affect the capacity! Below you can see the typical venue sizes in Toronto, together with the standard prices in each size range, based on Tagvenue data (March 2026):

These are the venues within 1.8 km from central Toronto, available to book on Tagvenue:

• Versatile Event Space at Startuptive on 123 Edward St (2nd Floor), Toronto, ON 123 - 650 m from centre.
  Our user said: ‘The entire booking process was very smooth, and the venue fit our every needs.’
• First Floor at Foy House on 92 Isabella Street - 1.6 km from centre.
  Our user said: ‘If you’re looking for a unique, beautiful venue in downtown Toronto, I highly recommend Foy House.’
• The Great Hall at St. Paul's Bloor Street on 227 Bloor Street East - 1.8 km from centre.
  Our user said: ‘The team was super helpful on our event night and had good communication prior.’

Banquet halls, like reception halls, are typically used for the same events. However, banquet halls are held in locations that regularly organise events, such as restaurants and hotels. Banquet halls also have different seating arrangements, allowing small groups of people to interact with each other at a table. A reception setup utilises smaller rounds with highboys, which can accommodate 3-4 people and is normally hosted for receiving well wishes from guests.

Toronto banquet halls offer ample space, elegant decor, and flexible seating arrangements. With their spacious interiors, these venues can comfortably accommodate large gatherings. Banquet halls often provide customisable decor options and event packages to suit any theme or style. They are perfect for creating lasting memories, whether celebrating a special birthday, hosting a formal corporate event, raising funds for a cause, or tying the knot.