Low-cost sensors (LCS) have the potential to provide accurate and reliable measurements of air quality in real-time. This improves our ability to monitor, identify sources of pollution and develop mitigation strategies for effective air quality management. However, recent research on LCS has primarily focused on monitoring, exposure assessment, and calibration. In this study, we investigate the applicability of LCS data collected at ambient sites for characterizing and apportioning aerosol sources. Non-negative matrix factorization (NMF) was applied to the size-resolved data collected across five sites within the Indian Institute of Technology Bombay (IITB) campus in Mumbai using the LCS Alphasense OPC-N2. The sampling was done for 15 days at 5 locations in IITB, and each site only had 3 days of data. NMF resolved two factors for three sites, namely aromas (S2), hostel hub (S3) and central library (S4), while three factors were resolved for two sites, namely construction site (S1) and main gate (S5). Two common sources were determined for all the sites: (i) dust and marine source and (ii) traffic and combustion sources, which agree with the sources identified by studies in the literature. The third factor resolved at sites S1 and S5 is representative of heavy-duty diesel vehicles (HDDVs), which is present for a very short period and is captured because of the capability of high temporal resolution of the LCS. This offers a unique, cost-effective advantage of LCS for capturing episodic activities. The study suggests that in low- and middle-income countries with limited air quality monitoring capabilities, the size-time-resolved PM concentration data obtained from a network of low-cost sensors can estimate the pollution sources. This study provided evidence that despite their inherent limitations, LCS can be useful in attaining interpretable information about pollution sources and recommends extensive use of LCS for source characterization in the future.