Cheap Apartments for Rent in the Islington City Centre North Neighborhood of Toronto, ON from $1,100 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Islington City Centre North area of Toronto.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Montgomery Mills
$1,870 - $2,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,870 - $2,700
Total Monthly Price
$1,870 - $2,700
Studio to 2 Bedroom Apartments Available Now

Montgomery Mills

24 Mabelle AveToronto, ON M9A 4X6
Student Housing
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  • Utilities Included
  • 3D Tour
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22 & 24 Burnhamthorpe Rd
$1,620 - $2,085Studio to 2 Bedroom Apartments

22 & 24 Burnhamthorpe Rd

22-24 Burnhamthorpe RdToronto, ON M9A 1G8
  • Utilities Included
  • Smoke Free
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Islington Towers
$1,650 - $2,750Studio to 3 Bedroom Apartments

Islington Towers

90 Cordova AveToronto, ON M9A 2H8
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1 Rabbit Ln
$1,7991 Bedroom Apartments

1 Rabbit Ln

1 Rabbit LnToronto, ON M9B 2R2
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Central Park Place & Terrace
$1,800 - $2,2001 to 3 Bedroom Apartments

Central Park Place & Terrace

1286-1294 Islington AveToronto, ON M9A 3K2
  • Utilities Included
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535 The East Mall
$1,899 - $2,7451 to 3 Bedroom Apartments

535 The East Mall

535 The East MallToronto, ON M9B 4A5
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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24 Eva Road
$1,979 - $2,7501 to 3 Bedroom Apartments

24 Eva Road

24 Eva RdToronto, ON M9C 2B2
Senior Living
  • Utilities Included
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361 The West Mall
$1,979 - $2,7501 to 3 Bedroom Apartments

361 The West Mall

361 The West MallToronto, ON M9C 1E7
Senior Living
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Montgomery Mills
$2,010 - $2,510Studio to 3 Bedroom Apartments

Montgomery Mills

50 Cordova AveToronto, ON M9A 4X6
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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350 The West Mall
$2,1001 to 3 Bedroom Apartments

350 The West Mall

350 The West MallToronto, ON M9C 1E6
  • Utilities Included
Showing Results 1-44, Page 1 of 1

Cheapest Available Islington City Centre North Apartments for Rent

 

The cheapest available apartment rental in the Islington City Centre North area of Toronto, ON is a Studio unit found at 25 Mabelle priced from $1,100. Serrano at Village Gate West has the second lowest priced unit, which is a Studio apartment currently listed from $1,630. Here are the most affordable Islington City Centre North apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
25 MabelleBachelorStudio,1BA$1,100
Serrano at Village Gate WestStudio 1 BathStudio,1BA$1,630
Sierra at Village Gate WestStudio 1 BathStudio,1BA$1,640
Islington TowersStudioStudio,1BA$1,650
Palomar at Village Gate WestStudio 1 BathStudio,1BA$1,775
52 Mabelle | Far InvestmentsOne Bedroom1BR,1BA$1,795
Montgomery MillsStudioStudio,1BA$1,870
5 Capri RoadOne bedroom with one bathroom1BR,1BA$1,897
535 The East Mall1 Bedroom1BR,1BA$1,899
Montgomery MillsJunior One Bedroom1BR,1BA$2,010

Best Value Apartments for Rent in Islington City Centre North, ON

As of May 20, 2026 the best value apartment in the Islington City Centre North area is the $2.74 price per square foot Three Bedroom Model at 52 Mabelle | Far Investments in the in the Islington City Centre North neighborhood starting from $2,875. The second greatest value Islington City Centre North apartment is the 2 Bedroom - Balcony Model at 22 & 24 Burnhamthorpe Rd starting at $2,085 with a $2.32 price per square foot in the Islington City Centre North neighborhood. Here is today’s list of the best values for Islington City Centre North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
52 Mabelle | Far InvestmentsThree Bedroom3BR,1.5BA$2.74
22 & 24 Burnhamthorpe Rd2 Bedroom - Balcony2BR,1BA$2.32
535 The East Mall3 Bedrooms3BR,1.5BA$3.66
25 Mabelle1 Bedroom1BR,1BA$2.44
5 Capri RoadOne bedroom with one bathroom1BR,1BA$2.73
Islington Towers1 Bedroom1BR,1BA$2.80
Montgomery MillsJunior One Bedroom1BR,1BA$3.26
Serrano at Village Gate West1 Bedroom 1 Bath1BR,1BA$4.01
Montgomery MillsStudioStudio ,1BA$3.94
Sierra at Village Gate WestStudio 1 BathStudio ,1BA$4.23

Frequently Asked Questions about Cheap Islington City Centre North Apartments

What is a cheap apartment in Islington City Centre North?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Islington City Centre North is under $2,010.

What is the price of a cheap apartment in Islington City Centre North?

The cheapest apartment in Islington City Centre North is 25 Mabelle which is listed at $1,750, while the average apartment in Islington City Centre North costs $2,937.

What types of apartments are the cheapest in Islington City Centre North?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Islington City Centre North that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.