Discover Toronto’s Best Cheap Steak Restaurants

Toronto is a city that tantalizes the taste buds with its vast culinary delights, and for the steak enthusiast on a budget, it doesn’t disappoint. Whether you’re a local or a visitor, finding quality steak without breaking the bank is more than just wishful thinking—it’s a delicious reality here in the Great White North. This guide to restaurants for cheap steak in Toronto not only promises to satiate your cravings but ensures you don’t need to scour the city or another article for more information. From cozy nooks offering the best cheap steakhouse experience to bustling spots that dominate the scene as Toronto’s best restaurants for cheap steak, prepare to embark on a savory journey that proves sumptuous steak dinners don’t have to come with a hefty price tag. Let’s dive into the best restaurants for cheap steak in Toronto and discover where you can indulge without compromise.

Top 13 Restaurants for Cheap Steak in Toronto

  1. The Keg Steakhouse + Bar
  2. Barberian’s Steak House
  3. Canyon Creek
  4. Bardi’s Steak House
  5. Astoria Shish Kebob House
  6. Cumbrae’s
  7. Jacobs & Co. Steakhouse
  8. Le Select Bistro
  9. House of Chan
  10. Bannock
  11. Earl’s Kitchen + Bar
  12. Miller Tavern
  13. Chop Steakhouse & Bar
steak served

The Keg Steakhouse + Bar

The Keg Steakhouse + Bar stands out as one of the best restaurants for cheap steak in Toronto, known for its consistent quality and warm, welcoming atmosphere. This chain restaurant offers a robust menu featuring prime cuts like the Sirloin and the New York Striploin, which are favorites among locals. What sets The Keg apart is not just its affordability but also its ability to serve up well-seasoned, tender steaks cooked to perfection. The Billy Miner Pie, a mocha ice cream dessert on a chocolate crust with hot fudge, caramel, and almonds, is a must-try after your meal. With multiple locations across Toronto, The Keg is a reliable choice for those looking for a great steak dinner without the upscale price tag, making it a top pick for an affordable steak restaurant in Toronto.

Address: 560 King St W, Toronto, ON M5V 0L5, Canada
Contact: +1 416-364-7227

Barberian’s Steak House

Complement your meal at one of Toronto’s top cheap steakhouses with a fine glass of wine from one of the premier wine bars in the city. Barberian’s Steak House, a cornerstone in Toronto since 1959, offers a dive into the city’s culinary history alongside delicious steaks. Known for its classic charm and extensive wine cellar, Barberian’s provides a more traditional dining experience. The restaurant prides itself on thick cuts like the Ribeye, renowned for its marbling and flavor. Barberian’s is not only about steaks; it’s about the entire experience, featuring an impressive collection of Canadiana and sports memorabilia that decorates its walls. Although prices might be on the higher side compared to other restaurants for cheap steak in Toronto, the early bird special and pre-theater menu provide more wallet-friendly options for quality steak, earning its place as one of the best cheap steakhouses in Toronto.

Address: 7 Elm St, Toronto, ON M5G 1H1, Canada
Contact: +1 416-597-0335

Canyon Creek

Canyon Creek offers a unique blend of casual sophistication with its inviting ambiance and attentive service, making it a standout among restaurants for cheap steak in Toronto. Known for their signature dishes like the Chipotle Sirloin and the slow-roasted Prime Rib, the restaurant excels in delivering flavorful and tender steaks at competitive prices. The chefs here take pride in using spices and sauces to enhance the natural flavors of the meat, ensuring a memorable dining experience. Canyon Creek’s feature cocktails and seasonal promotions offer additional value, catering to both steak lovers and those who appreciate a good dining atmosphere. It’s a place where both affordability and taste converge, securing its reputation as one of the top restaurants for cheap steak in Toronto.

Address: 25 Carlson Court, Toronto, Ontario M9W 6A2.

Bardi’s Steak House

Bardi’s Steak House is an institution in Toronto, offering a blend of classic steakhouse experience with a touch of modern refinement. Known for its exceptional service and high-quality cuts, Bardi’s excels in preparing steaks that are both flavorful and tender. The New York Strip, a house favorite, is especially popular for its perfect balance of fat and lean, making every bite sublime. While Bardi’s might appear more upscale, it offers special menus and promotions that place it among the best restaurants for cheap steak in Toronto. Unique to Bardi’s is its elegant decor and historical ambiance, which transports diners back in time, providing not just a meal but a memorable dining experience. This makes Bardi’s an excellent choice for those looking for a sophisticated yet affordable steak dinner in Toronto.

Address: 56 York St, Toronto, ON M5J 1S8, Canada
Contact: +1 416-366-9211

steak on grill

Astoria Shish Kebob House

While steak is a classic choice, if you’re in the mood for something different, consider exploring some of the top places for kebabs in Toronto. Astoria Shish Kebob House is a gem among restaurants for cheap steak in Toronto, offering a unique twist with its Greek-inspired dishes. Known for its vibrant atmosphere and friendly service, Astoria serves up a variety of grilled meats, with the steak shish kebob being a crowd favorite. This dish is celebrated for its marinated and flame-grilled steak chunks, which are infused with traditional Greek spices, delivering robust and savory flavors. Beyond steak, the restaurant also offers an array of Mediterranean salads and sides that complement the meat’s richness perfectly. Astoria is ideal for diners looking for a casual yet flavorful dining experience, making it a standout option for those seeking an affordable steak restaurant in Toronto.

Address: 390 Danforth Ave, Toronto, ON M4K 1P3, Canada
Contact: +1 416-463-2838

Cumbrae’s

Cumbrae’s offers a unique approach as it operates both as a butcher shop and a restaurant, making it one of the best restaurants for cheap steak in Toronto. Renowned for its commitment to quality and sustainability, Cumbrae’s sources locally raised meats, ensuring freshness and premium flavor. The restaurant section serves up exquisitely cooked steaks, with the dry-aged Ribeye being particularly notable for its depth of flavor and tender texture. The integration of a butcher shop allows guests to see the quality of the meats first-hand, enhancing the dining experience. Cumbrae’s is perfect for those who appreciate the farm-to-table concept and are in search of a cheap steakhouse in Toronto where quality is paramount.

Address: 714 Queen St W, Toronto, ON M6J 1E8, Canada
Contact: +1 416-681-1111

Jacobs & Co. Steakhouse

While Jacobs & Co. Steakhouse may appear upscale, it frequently features on lists of the top restaurants for cheap steak in Toronto due to its special offerings and early bird deals. This restaurant is celebrated for its refined setting and extensive selection of steaks, including rare breeds and aged cuts. The most impressive option might be their Canadian Prime steak, known for its buttery texture and complex flavors, enhanced by the restaurant’s expert preparation techniques. Jacobs & Co. also boasts an impressive wine list, curated to complement their steaks perfectly. For those looking for a luxury dining experience without the extravagant cost, Jacobs & Co. offers an accessible yet upscale option, securing its place as one of Toronto’s best restaurants for cheap steak.

Address: 12 Brant St, Toronto, ON M5V 2M1, Canada
Contact: +1 416-366-0200

Le Select Bistro

Le Select Bistro stands out as a delightful French escape in the heart of Toronto, making it a noteworthy entry among restaurants for cheap steak in Toronto. Renowned for its authentic Parisian atmosphere and attentive service, this bistro offers a taste of France at a reasonable price. The standout on the menu is the Steak Frites, featuring a perfectly seared striploin paired with crispy, golden frites and served with café de Paris butter. The dish is celebrated for its simplicity yet rich flavor, embodying the essence of French culinary tradition. Le Select Bistro not only offers affordable dining but also a charming environment, where every meal feels like a special occasion. It is a prime example of a cheap steakhouse in Toronto that does not compromise on atmosphere or quality.

Address: 432 Wellington St W, Toronto, ON M5V 1E3, Canada
Contact: +1 416-626-6262

steak served with sauce and fries

House of Chan

House of Chan combines the unique flavors of East meets West, positioning itself distinctively among restaurants for cheap steak in Toronto. Known for its steak and Chinese cuisine combo, this restaurant offers an unconventional dining experience where guests can enjoy expertly prepared steak alongside classic Chinese dishes. The most special steak here is the Sizzling Steak, served on a hot plate that keeps the steak cooking to the last bite. The blend of traditional Chinese spices and high-quality Canadian beef results in a flavor profile that is both unexpected and delightful. House of Chan’s ambiance, reminiscent of an old-school steakhouse with a twist of oriental decor, offers a warm, welcoming experience to all who enter, marking it as a must-visit and the best restaurant for cheap steak in Toronto for those searching for an affordable steak restaurant in Toronto with a unique flair.

Address: 514 Eglinton Ave W, Toronto, ON M5N 1A5, Canada
Contact: +1 416-781-5575

Bannock

Bannock is best known for its approach to Canadian comfort food, blending traditional cooking with modern culinary techniques, which places it among the top restaurants for cheap steak in Toronto. Their menu features the Bannock Pan Pizza Steak, a creative take on the classic steak that combines the elements of a pan pizza with a perfectly cooked steak. The use of local ingredients and the focus on Canadian culinary traditions make Bannock’s offerings stand out. The restaurant itself offers a casual yet contemporary environment where diners can enjoy both the food and the uniquely Canadian decor. For those in search of a cheap steakhouse in Toronto that provides a taste of Canadian heritage, Bannock is a must-visit.

Address: 1294 Gerrard St E, Toronto, ON M4L 1Y7, Canada
Contact: +1 416-220-2915

Earl’s Kitchen + Bar

Earl’s Kitchen + Bar offers a vibrant, contemporary setting for diners looking to enjoy good steaks without splurging, making it a favored destination among restaurants for cheap steak in Toronto. Known for their attention to detail and a dynamic menu that caters to diverse tastes, Earl’s specializes in dishes like the Sirloin Steak seasoned with a custom blend of spices that enhances the natural flavors of the meat. The restaurant’s commitment to sourcing high-quality ingredients and providing a consistently enjoyable dining experience makes it popular among both locals and tourists. With its stylish decor and lively atmosphere, Earl’s Kitchen + Bar is ideal for those who appreciate a modern dining experience along with their steak, embodying the essence of Toronto’s best restaurants for cheap steak.

Address: 150 King St W #100, Toronto, ON M5H 1J9, Canada
Contact: +1 416-916-0227

Miller Tavern

Miller Tavern, known for its sophisticated yet relaxed atmosphere, offers a dining experience that caters to steak enthusiasts looking for quality without the hefty price tag, making it one of the top restaurants for cheap steak in Toronto. The restaurant’s most celebrated dish is the Tavern Cut Prime Rib, renowned for its succulent and tender texture, enhanced by a perfect blend of seasonings that elevate the natural flavors of the meat. Miller Tavern also prides itself on its selection of fine wines and craft cocktails, designed to complement their steak offerings. The waterfront view adds to the ambiance, making it not just a meal but a scenic dining experience. For those in pursuit of a cheap steakhouse in Toronto that combines great food with a great view, Miller Tavern is a standout choice.

Address: 3885 Yonge St, North York, ON M4N 2P2, Canada
Contact: +1 416-322-5544

steak served with pasta and sauce

Chop Steakhouse & Bar

Chop Steakhouse & Bar stands out for its contemporary approach to the classic steakhouse experience, making it one of the best restaurants for cheap steak in Toronto. Specializing in sustainably sourced meats, Chop is particularly famous for its Chop Experience, which includes a starter, a perfectly grilled steak such as their notable Sirloin, and a dessert. The restaurant focuses on crafting dishes that feature fresh, local ingredients, with a menu that evolves to reflect seasonal availability. The modern, upscale decor paired with a casual, inviting atmosphere makes Chop a great destination for both business dinners and personal celebrations. Offering a balance of quality and value, Chop Steakhouse & Bar epitomizes the concept of an affordable steak restaurant in Toronto.

Address: 801 Dixon Rd, Etobicoke, ON M9W 1J5, Canada
Contact: +1 416-674-7500

What to Expect When Visiting These Restaurants

When exploring the restaurants for cheap steak in Toronto, diners can anticipate a variety of ambiances and service types to match any preference. Whether you’re stepping into a casual, family-friendly environment like Steak Queen, a sophisticated yet relaxed setting such as Miller Tavern, or the distinctly modern vibe at Chop Steakhouse & Bar, there’s something to suit every taste. Most of these restaurants are busiest during evening hours, especially on weekends, so making a reservation is generally recommended to ensure a seat at popular spots like Jacobs & Co. Steakhouse. Enhance your family dining experience by exploring some of Toronto’s top kid-friendly restaurants, ideal for a relaxed meal out with your little ones.

Many of the best restaurants for cheap steak in Toronto offer special deals that make dining out even more appealing. For example, Quinn’s Steakhouse & Irish Bar features a weekly “Steak Night” with discounted prices on select cuts, and The Keg Steakhouse + Bar might host seasonal promotions or happy hours that include reduced rates on both food and drinks. Checking each restaurant’s website or social media before planning your visit will help you catch the best offers.

Tips for Enjoying Affordable Steaks in Toronto

To maximize the value of your dining experience at restaurants for cheap steak in Toronto, consider visiting during off-peak hours such as weekday afternoons or late evenings, when some establishments may offer “happy hour” or “late-night” specials. Restaurants like Earl’s Kitchen + Bar and Bannock are known for such promotions, providing excellent opportunities to enjoy gourmet steaks without the usual price tag.

Loyalty programs are another way to enjoy discounts and perks. Establishments like The Keg Steakhouse + Bar and Chop Steakhouse & Bar offer loyalty rewards that can include discounts on meals, birthday offers, and exclusive invitations to special events. Additionally, downloading apps like OpenTable or Resy can help you earn points when making reservations at these top restaurants for cheap steak in Toronto.

For those looking to stretch their dollar even further, opting for alternative cuts of steak can be both economical and delicious. Cuts like flank, skirt, and hanger steak are often less expensive than prime rib or New York strip but are full of flavor, especially when prepared by the expert chefs at places like Cumbrae’s or The Tulip Steakhouse. These cuts often require careful preparation to maximize tenderness and taste, and Toronto’s chefs are skilled at bringing out the best in these more affordable options.

Key Takeaways

  • Toronto offers a wide range of restaurants catering to different tastes, from casual diners like Steak Queen to upscale options such as Jacobs & Co. Steakhouse, all providing quality steaks at an affordable price.
  • It’s advisable to make reservations, especially during peak dining times like weekends and evenings, to ensure a spot at popular steakhouse destinations.
  • Many steakhouses offer special deals on certain days of the week or during happy hours, which are great opportunities for enjoying high-quality steak at a lower price.
  • Participating in loyalty programs at places like The Keg Steakhouse + Bar can yield substantial savings through discounts, special offers, and other perks.
  • Opting for alternative cuts such as flank or skirt steak can provide a more budget-friendly option without sacrificing flavor, with many chefs in Toronto specializing in these cuts.
  • Visiting during off-peak hours can also help in avoiding crowds and sometimes catching better deals on steak meals.

FAQs

  1. Are there any family-friendly steak restaurants in Toronto?
    Yes, places like The Keg Steakhouse + Bar is great for families.
  2. Do any steakhouses in Toronto offer loyalty rewards?
    Yes, The Keg Steakhouse + Bar and Chop Steakhouse & Bar have loyalty programs that offer perks and discounts.
  3. Where can I find unique steak flavors in Toronto?
    Big Crow offers a unique backyard BBQ flavor, while Astoria Shish Kebob House offers Greek-inspired seasonings.
  4. Which Toronto steakhouses are good for a romantic dinner?
    Jacobs & Co. Steakhouse and Miller Tavern offer a more upscale, romantic atmosphere. Explore more dining options for a perfect date by checking out Toronto’s top romantic restaurants, ideal after a delightful steak dinner at one of our affordable spots.
  5. Are there any budget-friendly steak options near downtown Toronto?
    Bannock and Le Select Bistro are both centrally located with affordable steak options. Don’t miss the chance to discover some of the best lunch restaurants located in the heart of downtown.
  6. Do Toronto steakhouses require reservations?
    It’s recommended to make reservations, especially during peak times and at popular spots like The Keg and Jacobs & Co.
  7. Which Toronto steakhouse offers the best wine pairing?
    Barberian’s Steak House boasts an extensive wine cellar perfect for pairing.
  8. What is the average cost of a steak dinner in Toronto?
    Prices vary, but you can expect to pay between $20 to $50 for a steak dinner at most affordable steakhouses.
  9. Can I find any steak restaurants in Toronto that also serve vegetarian options?
    Yes, most steakhouses, including Earl’s Kitchen + Bar, offer vegetarian dishes alongside their steak options. After enjoying some of the best budget-friendly steaks Toronto has to offer, why not cleanse your palate with a visit to one of Toronto’s premier vegetarian ramen spots?

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