I'm sure the experts will chime in but:
- What's your definition of inner city? Walking distance to the core? or a 20 minute drive to the core?
- Looking for a single family home? or an apartment?
- As you said, inexpensive is all relative; I'm assuming you're looking for "bang for your buck". It's funny you mentioned NW and SW because that is likely more expensive than comparable properties in NE and SE.
North of the river, you can get some bigger lots in Renfrew, which may or may not be important to you. As you move further north, prices will probably tend to be cheaper than the same property once you cross Centre Street (i.e. NE vs NW).
Way too many variables involved though -- I think you have to narrow down your search to get any meaningful info...
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