Cheap Homes for Rent in Islington City Centre South Neighborhood of Toronto, ON from $900 (42 Rentals)

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Search the lowest-cost Homes available for rent right now in the Islington City Centre South 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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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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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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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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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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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 25 Mabelle priced from $1,700. Sheldon Towers has the second lowest priced unit, which is a Studio apartment currently listed from $1,750. Here are the most affordable Islington City Centre South apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
25 MabelleBachelorStudio,1BA$1,700
Sheldon Towers0 Beds, 1 BathsStudio,1BA$1,750
Palomar at Village Gate WestStudio 1 BathStudio,1BA$1,825
251-285 The West Mall1-bedroom2BR,1BA$1,968
Lenworth Towers1 bedroom1BR,1BA$1,995
Evans Apartments1 Beds, 1 Baths1BR,1BA$2,095
The Renaissance1 Bedroom1BR,1BA$2,200
Serrano at Village Gate West1 Bedroom 1 Bath + Den1BR,1BA$2,300
20 Samuel Wood1 Bedroom 1 Bath1BR,1BA$2,305
The Markwood1 Bedroom1BR,1BA$2,355

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

As of June 20, 2026 the best value apartment in the Islington City Centre South area is the $2.77 price per square foot 3 Bedroom, 2 Bathroom Model at 4340 Bloor Street West in the in the Mississauga Centre Streetsville neighborhood starting from $3,099. The second greatest value Islington City Centre South apartment is the Lower Unit Model at 34 Poplar Av starting at $3,500 with a $3.19 price per square foot in the Islington City Centre North 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.
4340 Bloor Street West3 Bedroom, 2 Bathroom3BR,2BA$2.77
34 Poplar AvLower Unit3BR,2.5BA$3.19
Evans Apartments2 Beds, 1 Baths2BR,1BA$2.52
Sierra at Village Gate West2 Bedroom 2 Bath2BR,2BA$3.09
The Renaissance1 Bedroom1BR,1BA$3.06
Lenworth Towers1 bedroom1BR,1BA$3.07
The Markwood1 Bedroom + Den1BR,1BA$3.88
Serrano at Village Gate West1 Bedroom 1 Bath1BR,1BA$3.99
20 Samuel Wood1 Bedroom 1 Bath1BR,1BA$4.02
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 146 Apartments for Rent in Islington City Centre South, ON with pricing that ranges from $1,700 to $15,156. There are also 169 Single Family Homes for rent, Condos, and Townhome rentals currently available in Islington City Centre South ranging from $950 to $4,900.

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 $950 to $4,900 with an average monthly rent of $2,977.

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 $4,187, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $4,900. Four Bedroom Single-Family rentals are also available starting from $3,800 and Four Bedroom Apartments start at $10,000.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.