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Toronto has many great spots to enjoy a cheap meal. A great place to start is near any of the colleges and universities in the city. Now Magazine has a great guide to cheap eats in the city.
Here are some great options:
How about $8.99 for Indian buffet? Try Siddhartha!
Try Pasta PaPa at 76 Gerrard St. E @ Church for lunches and dinners under $10. The specialties are pasta, panini (Italian grilled sandwiches), and personal sized pizza. Also great salads, specialty coffees and desserts. All sauces are made fresh on the premises and there is a great veg selection in each menu catagory www.pastapapa.ca Near Ryerson University.
A fun and cheap experience is Cafe Diplomatico at 594 College Street (corner of College & Clinton) in "Little Italy" (although that moniker for this culturally mixed neighbourhood is stretching it some nowadays). Family-run for decades, the "Dip" offers inexpensive pasta, pizza, salads, panzerotto and the like -- none of it exactly a culinary masterpiece but OK -- and is always a hit with tweens and teens in particular. Also has daily specials for under $10 usually, and basic bacon&eggs, etc. breakfasts. And its large, lively patio is great for people-watching and always busy whenever it's warm enough to sit out (regulars flock there on sunny afternoons in February!) http://cafediplomatico.ca/
Tacos El Asador at Bloor and Christie has Mexican and Salvadorean tacos, burritos, tamale.
Black Camel (Yonge and Rosedale): Pulled pork sandwiches, BBQ chicken sandwiches
Messina on the Danforth makes gyros (pork or chicken). So fresh and tasty with all sorts of fixings, including a few french fries. And they are open until 3 a.m. for late night cravings.
Salad King on Gould Street can't easily be beat for cheap and tasty eats that fill you up right. Be sure to try their pad thai, green curry, spring rolls, and coconut ice cream.
Sunset Grill at Yonge and Richmond has a $3.99 breakfast before 11am during the week, including coffee. Other drinks are on the pricier side.