Well, I spent Saturday phoning around to try to find a basement suite, and (even for places in the paper that very day) either they had already been rented or I ended up at the tail end of some rather long queue.
Apartment dwellings around here seem to be going for somewhere in the neighborhood of $650+ for a studio or 1 bedroom, and that's even if you can find one (I phoned about 5 or 6 complexes between classes this afternoon and only one place had a single unit available in the $800 range).
Tomorrow comes another round of phoning apartment complexes looking for space, although I'm not feeling overly optomistic. Just wondering if I should be digging around in the shared accomodation listings, given that I've had no luck finding roommates to split the cost thus far.