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$1,719 - $2,839Studio to 2 Bedroom Apartments Available Now
The Richmond
620 Richmond St WToronto, ON M5V 3C2
Cheap Apartments for Rent in the Waterfront Communities The Island Neighborhood of Toronto, ON from $1,719 (560 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront Communities The Island area of Toronto.
77 Mutual St
TorontoONM5B 0B9
482 King St E
TorontoONM5A 1L8
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$1,915 - $3,085
Total Monthly Price
Base Rent$1,915 - $3,085
Total Monthly Price$1,915 - $3,085
One32
132 Berkeley StToronto, ON M5A 0H6
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Rent Specials
$1,995 - $4,095Studio to 3 Bedroom Apartments Available Now
The 203 Residences
203 Jarvis StToronto, ON M5B 2C1
132 Huron St
TorontoONM5T 2B2
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Rent Specials
$2,010 - $4,141
Total Monthly Price
Base Rent$2,010 - $4,141
Total Monthly Price$2,010 - $4,141
Motion
570 Bay StToronto, ON M5G 0B2
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Rent Specials
$2,041 - $4,461Studio to 3 Bedroom Apartments Available Now
Birch House at Canary Landing
100 Mill StToronto, ON M5A 0Y1
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Rent Specials
$2,072 - $5,229Studio to 3 Bedroom Apartments Available Now
39 Niagara
39 Niagara StToronto, ON M5V 0T6
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Rent Specials
$2,100 - $5,4961 to 3 Bedroom Apartments Available Now
Maple House at Canary Landing
131 Mill StToronto, ON M5A 3C4
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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$2,135 - $3,325
Total Monthly Price
Base Rent$2,135 - $3,325
Total Monthly Price$2,135 - $3,325
Jazz
167 Church StToronto, ON M5B 1Y6
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$2,1501 Bedroom Apartments Available Soon
90 Adelaide St E
90 Adelaide St EToronto, ON M5C 1K9
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Rent Specials
$2,230 - $5,720Studio to 3 Bedroom Apartments Available Now
West House
88 Bathurst StToronto, ON M5V 2P5
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Rent Specials
$2,245 - $5,295Studio to 3 Bedroom Apartments Available Now
Toronto House
225 Adelaide St WToronto, ON M5H 0A7
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Rent Specials
$2,273 - $2,997
Total Monthly Price
Base Rent$2,273 - $2,997
Total Monthly Price$2,273 - $2,997
The Quay - Tower III
370 Queens Quay WToronto, ON M5V 3J3
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$2,275 - $9,879
Total Monthly Price
Base Rent$2,275 - $9,879
Total Monthly Price$2,275 - $9,879
The Rosemont Residences
50 John StToronto, ON M5V 3T5
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$2,346 - $4,035Studio to 3 Bedroom Apartments Available Oct 10
FourFifty The Well
450 Front St WToronto, ON M5V 0K5
510 King St E
TorontoONM5A 0E5
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$2,365 - $3,0001 to 2 Bedroom Apartments Available Now
Fifty on the Park
50 Portland StToronto, ON M5V 2M7
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$2,399 - $2,516Studio to 3 Bedroom Apartments Available Oct 7
525 Richmond Street
525 Richmond St WToronto, ON M5V 1Y5
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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$2,418 - $4,150
Total Monthly Price
Base Rent$2,418 - $4,150
Total Monthly Price$2,418 - $4,150
ROQ City
120 Ontario StToronto, ON M5A 1C4
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Rent Specials
$2,520 - $5,730Studio to 3 Bedroom Apartments Available Now
Elm-Ledbury
30 Mutual StToronto, ON M5B 1B2
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Rent Specials
$2,600 - $5,534
Total Monthly Price
Base Rent$2,600 - $5,534
Total Monthly Price$2,600 - $5,534
Cherry House at Canary Landing
422 Cherry StToronto, ON M5A 0Z2
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$2,679 - $6,056Studio to 3 Bedroom Apartments Available Now
The Taylor
57 Spadina AveToronto, ON M5V 2J2
14 D'Arcy St
TorontoONM5T 1J7
14 D'Arcy St
TorontoONM5T 1J7
137 Denison Ave
TorontoONM5T 2N2
137 Denison Ave
TorontoONM5T 2N2
230 Simcoe St, Unit 1226
230 Simcoe St
TorontoONM5T 1T4
230 Simcoe St, Unit 1226
230 Simcoe St
TorontoONM5T 1T4
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.
35 Mercer St
TorontoONM5V 0V1
35 Mercer St
TorontoONM5V 0V1
38 Widmer St, Unit 1111
38 Widmer St
TorontoONM5V 0P7
44 Bellevue Ave, Unit 0323
44 Bellevue Ave
TorontoONM5T 2N4
330 Richmond St W
TorontoONM5V 1X2
330 Richmond St W
TorontoONM5V 1X2
620 Dundas St W
TorontoONM5T 1H7
620 Dundas St W
TorontoONM5T 1H7
238 Simcoe St, Unit 2508
238 Simcoe St
TorontoONM5T 0E2
238 Simcoe St, Unit 2508
238 Simcoe St
TorontoONM5T 0E2
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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$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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$1,750 - $3,650Studio to 2 Bedroom Apartments
New Garden Residences
211 Jarvis StToronto, ON M5B 2C1
600 Fleet St, Unit 634
600 Fleet St
TorontoONM5V 1B7
600 Fleet St, Unit 634
600 Fleet St
TorontoONM5V 1B7
330 Richmond St W
TorontoONM5V 1X2
10 Willison Square, Unit 809
10 Willison Square
TorontoONM5T 0A8
10 Willison Square, Unit 809
10 Willison Square
TorontoONM5T 0A8
330 Richmond St W
TorontoONM5V 1X2
15 Lower Jarvis St, Unit 2909
15 Lower Jarvis St
TorontoONM5E 0C4
15 Lower Jarvis St, Unit 2909
15 Lower Jarvis St
TorontoONM5E 0C4
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.
Showing Results 1-50, Page 1 of 12
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 | $2,900 | $1,719 | $8,354 |
| Waterfront Communities The Island 1 Bedroom Apartments | $3,431 | $1,800 | $10,000+ |
| Waterfront Communities The Island 2 Bedroom Apartments | $4,214 | $1,999 | $10,000+ |
| Waterfront Communities The Island 3 Bedroom Apartments | $5,254 | $3,495 | $10,000+ |
| Waterfront Communities The Island 4 Bedroom Apartments | $6,876 | $6,876 | $6,876 |
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 560 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 Richmond priced from $1,719. One32 has the second lowest priced unit, which is a Studio apartment currently listed from $1,915. Here are the most affordable Waterfront Communities The Island apartments for rent in Toronto, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Richmond | Studio, 1 bath | Studio, 1BA | $1,719 |
| One32 | Studio 1 Bath | Studio, 1BA | $1,915 |
| 39 Niagara | 0 Beds, 1 Baths | Studio, 1BA | $2,072 |
| Jazz | Studio 1 Bath | Studio, 1BA | $2,135 |
| Grange Apartments | Renovated Two Bedroom | 2BR, 1BA | $2,175 |
| Birch House at Canary Landing | A04 | 1BR, 1BA | $2,188 |
| Toronto House | Junior 1 BR | 1BR, 1BA | $2,245 |
| The Quay - Tower III | 1 Bedroom | 1BR, 1BA | $2,273 |
| The Quay - Tower II | 1 Bedroom | 1BR, 1BA | $2,307 |
| Maple Leaf Quay | 1 Bedroom | 1BR, 1BA | $2,307 |
Best Value Apartments for Rent in Waterfront Communities The Island, ON
As of September 19, 2026 the best value apartment in the Waterfront Communities The Island area is the $1.98 price per square foot Renovated Two Bedroom Model at Grange Apartments in the Kensington Chinatown neighborhood starting from $2,175. The second greatest value Waterfront Communities The Island apartment is the Two Bedroom Model at The 203 Residences in the Church Yonge Corridor neighborhood starting at $3,095 with a $3.57 price per square foot. 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. |
|---|---|---|---|
| Grange Apartments | Renovated Two Bedroom | 2BR, 1BA | $1.98 |
| The 203 Residences | Two Bedroom | 2BR, 2BA | $3.57 |
| The Quay - Tower II | 2 Bedroom | 2BR, 1BA | $3.62 |
| Maple Leaf Quay | 2 Bedroom | 2BR, 1BA | $3.62 |
| The Quay - Tower III | 2 Bedroom | 2BR, 2BA | $4.07 |
| The Richmond | 1 Bed, 1 bath | 1BR, 1BA | $3.28 |
| Fifty on the Park | Two Bedroom | 2BR, 1BA | $4.27 |
| Motion | B7 | 1 Bed | 1 Bath | 1BR, 1BA | $4.30 |
| ROQ City | AD1 | 1BR, 1BA | $4.31 |
| Maple House at Canary Landing | A10 | 1BR, 1BA | $4.53 |
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 $2,307.
What is the price of a cheap apartment in Waterfront Communities The Island?
The cheapest apartment in Waterfront Communities The Island is Birch House at Canary Landing which is listed at $2,181, while the average apartment in Waterfront Communities The Island costs $3,710.
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 233 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 $1,876 which is $1,834 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
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.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.