
Cheap Apartments for Rent in the Waterfront Communities The Island Neighborhood of Toronto, ON from C$1,500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront Communities The Island area of Toronto.


Toronto House

FourFifty The Well

39 Niagara

The 203 Residences
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

One32

West House

Maple House at Canary Landing

The Quay - Tower III

Birch House at Canary Landing

Elm-Ledbury
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.

Fifty on the Park
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.
Waterfront Communities The Island, Toronto, ON Local Guide
How much does it cost to rent an apartment in Waterfront Communities The Island?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waterfront Communities The Island Studio Apartments | C$2,618 | C$1,799 | C$4,338 |
Waterfront Communities The Island 1 Bedroom Apartments | C$3,255 | C$2,150 | C$7,830 |
Waterfront Communities The Island 2 Bedroom Apartments | C$4,204 | C$2,889 | C$8,970 |
Waterfront Communities The Island 3 Bedroom Apartments | C$5,679 | C$3,757 | C$10,000 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Waterfront Communities The Island Neighborhood of Toronto, ON.
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Cheapest Available Waterfront Communities The Island Apartments for Rent
 The cheapest available apartment rental in the Waterfront Communities The Island area of Toronto, ON is a Studio unit found at Grange Apartments priced from C$1,590. 525 Richmond Street has the second lowest priced unit, which is a Studio apartment currently listed from C$1,822. Here are the most affordable Waterfront Communities The Island apartments for rent in Toronto, ON:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Grange Apartments | Renovated Bachelor | Studio,1BA | C$1,590 |
525 Richmond Street | Bachelor | Studio,1BA | C$1,822 |
One32 | Studio 1 Bath | Studio,1BA | C$1,850 |
Grange Tower | Bachelor | Studio,1BA | C$1,850 |
Jazz | Studio 1 Bath | Studio,1BA | C$1,875 |
Best Value Apartments for Rent in Waterfront Communities The Island, ON
As of October 10, 2025 the best value apartment in the Waterfront Communities The Island area is the C$4.75 price per square foot B3-C Model at The Taylor in the in the Bay Street Corridor neighborhood starting from C$4,158. The second greatest value Waterfront Communities The Island apartment is the 2 Bedroom 1 Bath Model at Jazz starting at C$3,300 with a C$4.34 price per square foot in the Church Yonge Corridor neighborhood. Here is today’s list of the best values for Waterfront Communities The Island apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Taylor | B3-C | 2BR,2BA | C$4.75 |
Jazz | 2 Bedroom 1 Bath | 2BR,1BA | C$4.34 |
The Quay - Tower III | 1 Bedroom plus Den | 1BR,1BA | C$4.14 |
Motion | 1 Bedroom 1 Bath | 1BR,1BA | C$4.62 |
90 Adelaide St E | One Bedroom Apartment | 1BR,1BA | C$3.98 |
Maple House at Canary Landing | A11 | 1BR,1BA | C$4.77 |
Grange Apartments | Renovated Bachelor | Studio ,1BA | C$3.18 |
The 203 Residences | Studio | Studio ,1BA | C$4.46 |
Toronto House | Studio | Studio ,1BA | C$4.41 |
Grange Tower | Bachelor | Studio ,1BA | C$4.63 |
Frequently Asked Questions about Cheap Waterfront Communities The Island Apartments
What is the Cheapest Studio apartment in Waterfront Communities The Island?
Currently the most affordable Cheap Studio Apartment in Waterfront Communities The Island is at Grange Apartments listed at C$1,590.
How much is rent for a Cheap One Bedroom Waterfront Communities The Island Apartment?
The lowest price for a Cheap One Bedroom Waterfront Communities The Island Apartment is C$2,150 at 90 Adelaide St E.
What is the lowest price for a Cheap Two Bedroom Waterfront Communities The Island Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterfront Communities The Island is starting from C$2,390 at Grange Apartments.
What is the most affordable Waterfront Communities The Island Three Bedroom Apartment?
The best deal on a cheap Waterfront Communities The Island Three Bedroom Apartment rental is at Grange Tower and starts from C$3,700.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.