Cheap Homes for Rent in the Islington City Centre South Neighborhood of Toronto, ON from $1,500 (45 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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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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Cheapest Available Islington City Centre South Apartments for Rent

 

The cheapest available apartment rental in the Islington City Centre South area of Toronto, ON is a Studio unit found at Palomar at Village Gate West priced from $1,625. 765 Browns Line has the second lowest priced unit, which is a Studio apartment currently listed from $1,699. Here are the most affordable Islington City Centre South apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Palomar at Village Gate WestStudio 1 BathStudio,1BA$1,625
765 Browns Line765 Brown's Line - Plan AStudio,1BA$1,699
25 MabelleBachelorStudio,1BA$1,700
5294 Dundas StreetOne Bedroom1BR,1BA$1,900
287 Markland Drive1 Bedrrom1BR,1BA$1,950
Fairview Tower1 Bedroom, 1 Bathroom1BR,1BA$1,950
Lenworth Towers1 bedroom1BR,1BA$1,995
Sierra at Village Gate West1 Bedroom 1 Bath1BR,1BA$2,055
Evans Apartments1 Beds, 1 Baths1BR,1BA$2,095
Serrano at Village Gate West1 Bedroom 1 Bath + Den1BR,1BA$2,250

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

As of August 09, 2026 the best value apartment in the Islington City Centre South area is the $2.48 price per square foot 3 Bedrooms Model at The Renaissance in the in the Mississauga Centre Streetsville neighborhood starting from $3,245. The second greatest value Islington City Centre South apartment is the 3 Bedroom, 2 Bathroom Model at 4340 Bloor Street West starting at $2,999 with a $2.68 price per square foot in the Mississauga Centre Streetsville neighborhood. Here is today’s list of the best values for Islington City Centre South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Renaissance3 Bedrooms3BR,2BA$2.48
4340 Bloor Street West3 Bedroom, 2 Bathroom3BR,1.5BA$2.68
Sheldon Towers2 Beds, 1 Baths2BR,1BA$2.26
Evans Apartments1 Beds, 1 Baths1BR,1BA$2.45
Fairview Tower1 Bedroom, 1 Bathroom1BR,1BA$2.32
287 Markland Drive1 Bedrrom1BR,1BA$2.47
5294 Dundas StreetOne Bedroom1BR,1BA$2.71
Lenworth Towers1 bedroom1BR,1BA$3.07
Sierra at Village Gate West1 Bedroom 1 Bath1BR,1BA$3.21
25 MabelleBachelorStudio ,1BA$3.31

Frequently Asked Questions about Islington City Centre South

What type of rentals are currently available in Islington City Centre South?

There are currently 147 Apartments for Rent in Islington City Centre South, ON with pricing that ranges from $1,650 to $7,135. There are also 191 Single Family Homes for rent, Condos, and Townhome rentals currently available in Islington City Centre South ranging from $1,500 to $23,000.

What is the current price range for Rental Homes in Islington City Centre South?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Islington City Centre South ranges from $1,500 to $23,000 with an average monthly rent of $2,915.

How much are larger Three and Four Bedroom Rentals in Islington City Centre South?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Islington City Centre South range from $2,310 to $4,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $5,350. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $7,135.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.