77 Mutual St
TorontoONM5B 2A9
Cheap Apartments for Rent in the Waterfront Communities The Island Neighborhood of Toronto, ON from $1,700 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront Communities The Island area of Toronto.
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$1,895 - $4,295Studio to 3 Bedroom Apartments Available Now
The 203 Residences
203 Jarvis StToronto, ON M5B 2C1
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$1,925 - $3,800Studio to 3 Bedroom Apartments Available Now
One32
132 Berkeley StToronto, ON M5A 0H6
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$1,999 - $4,695Studio to 3 Bedroom Apartments Available Now
Toronto House
225 Adelaide St WToronto, ON M5H 0A7
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$2,000 - $3,600Studio to 2 Bedroom Apartments Available Now
Fifty on the Park
50 Portland StToronto, ON M5V 2M7
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$2,042 - $4,989Studio to 3 Bedroom Apartments Available Now
39 Niagara
39 Niagara StToronto, ON M5V 0T6
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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$2,075 - $3,390Studio to 2 Bedroom Apartments Available Now
Jazz
167 Church StToronto, ON M5B 1Y6
228 George St
TorontoONM5A 2N1
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$2,102 - $7,275Studio to 3 Bedroom Apartments Available Now
West House
88 Bathurst StToronto, ON M5V 2P5
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$2,1501 Bedroom Apartments Available Now
90 Adelaide St E
90 Adelaide St EToronto, ON M5C 1K9
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$2,216 - $4,1111 to 3 Bedroom Apartments Available Now
Maple House at Canary Landing
131 Mill StToronto, ON M5A 3C4
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$2,329 - $5,209Studio to 3 Bedroom Apartments Available Now
Birch House at Canary Landing
100 Mill StToronto, ON M5A 0Y1
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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$2,390 - $5,690Studio to 3 Bedroom Apartments Available Now
Elm-Ledbury
30 Mutual StToronto, ON M5B 1B2
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$2,411 - $4,575Studio to 3 Bedroom Apartments Available Now
FourFifty The Well
450 Front St WToronto, ON M5V 0K5
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$2,516 - $4,524
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$2,516 - $4,524
Total Monthly Price
$2,516 - $4,524
Cherry House at Canary Landing
422 Cherry StToronto, ON M5A 0Z2
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$2,557 - $3,7571 to 3 Bedroom Apartments Available Now
The Quay - Tower III
370 Queens Quay WToronto, ON M5V 3J3
138 Downes St
TorontoONM5E 0E4
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$1,719 - $2,839Studio to 2 Bedroom Apartments
165 Lofts
165 Bathurst StToronto, ON M5V 3C2
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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$1,750 - $3,650Studio to 2 Bedroom Apartments
New Garden Residences
211 Jarvis StToronto, ON M5B 2C1
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$1,750 - $2,4951 to 2 Bedroom Apartments
134-146 Dundas St W
134-146 Dundas St WToronto, ON M5G 1C6
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$1,850 - $3,700Studio to 3 Bedroom Apartments
Grange Tower
20 St Patrick StToronto, ON M5T 2Y4
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$1,900 - $5,500Studio to 2 Bedroom Apartments
Velocity at the Square
252 Victoria StToronto, ON M5B 1V8
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$2,369 - $3,246Studio to 3 Bedroom Apartments
525 Richmond Street
525 Richmond St WToronto, ON M5V 1Y5
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$2,457 - $3,1971 to 2 Bedroom Apartments
Maple Leaf Quay
350 Queens Quay WToronto, ON M5V 3A7
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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$2,495 - $4,2951 to 3 Bedroom Apartments
N°55 Mercer Condos
55 Mercer StToronto, ON M5V 9G9
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$2,599Studio to 3 Bedroom Apartments
Grange Apartments
164-168 Grange AveToronto, ON M5T 2V5
Showing Results 1-26, Page 1 of 1
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 | $3,194 | $1,799 | $10,000+ |
| Waterfront Communities The Island 1 Bedroom Apartments | $3,455 | $2,000 | $10,000+ |
| Waterfront Communities The Island 2 Bedroom Apartments | $4,555 | $2,757 | $10,000+ |
| Waterfront Communities The Island 3 Bedroom Apartments | $6,302 | $3,697 | $10,000+ |
| Waterfront Communities The Island 4 Bedroom Apartments | $18,807 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 26 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 The 203 Residences priced from $1,895. Velocity at the Square has the second lowest priced unit, which is a Studio apartment currently listed from $1,900. Here are the most affordable Waterfront Communities The Island apartments for rent in Toronto, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The 203 Residences | Studio | Studio,1BA | $1,895 |
| Velocity at the Square | Bachelor | Studio,1BA | $1,900 |
| One32 | Studio 1 Bath | Studio,1BA | $1,925 |
| Toronto House | Studio | Studio,1BA | $1,999 |
| Fifty on the Park | One Bedroom | 1BR,1BA | $2,000 |
| 39 Niagara | 0 Beds, 1 Baths | Studio,1BA | $2,042 |
| Jazz | Studio 1 Bath | Studio,1BA | $2,075 |
| West House | S2 | Studio,1BA | $2,102 |
| 90 Adelaide St E | One Bedroom Apartment | 1BR,1BA | $2,150 |
| Birch House at Canary Landing | A09 | 1BR,1BA | $2,359 |
Best Value Apartments for Rent in Waterfront Communities The Island, ON
As of March 01, 2026 the best value apartment in the Waterfront Communities The Island area is the $4.72 price per square foot B02 Model at Birch House at Canary Landing in the in the Moss Park Regent Park neighborhood starting from $3,099. The second greatest value Waterfront Communities The Island apartment is the 1 Bedroom 1 Bath Model at 525 Richmond Street starting at $2,369 with a $3.70 price per square foot in the South Parkdale King West 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. |
|---|---|---|---|
| Birch House at Canary Landing | B02 | 2BR,2BA | $4.72 |
| 525 Richmond Street | 1 Bedroom 1 Bath | 1BR,1BA | $3.70 |
| The Quay - Tower III | 1 Bedroom plus Den | 1BR,1BA | $4.14 |
| Maple House at Canary Landing | A15 | 1BR,1BA | $4.71 |
| 90 Adelaide St E | One Bedroom Apartment | 1BR,1BA | $3.98 |
| FourFifty The Well | The Freemont VI | 1BR,1BA | $4.92 |
| Cherry House at Canary Landing | A06 | 1BR,1BA | $4.99 |
| The 203 Residences | Studio | Studio ,1BA | $4.03 |
| Toronto House | Studio | Studio ,1BA | $4.42 |
| Jazz | Studio 1 Bath | Studio ,1BA | $4.66 |
Frequently Asked Questions about Cheap Waterfront Communities The Island Apartments
What is a cheap apartment in Waterfront Communities The Island?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterfront Communities The Island is under $2,359.
What is the price of a cheap apartment in Waterfront Communities The Island?
The cheapest apartment in Waterfront Communities The Island is Fifty on the Park which is listed at $2,000, while the average apartment in Waterfront Communities The Island costs $25,878.
What types of apartments are the cheapest in Waterfront Communities The Island?
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 189 regular apartments in Waterfront Communities The Island that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Waterfront Communities The Island?
Cheap apartments in Waterfront Communities The Island have an average cost of $1,223 which is $24,655 cheaper than the average rent for all rentals in Waterfront Communities The Island.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.