Apartments in the Waterfront Communities The Island area of Toronto with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.
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.
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront Communities The Island Studio Apartments | $2,471 | $1,799 | $2,807 |
| Waterfront Communities The Island 1 Bedroom Apartments | $2,951 | $2,150 | $4,740 |
| Waterfront Communities The Island 2 Bedroom Apartments | $3,950 | $2,935 | $5,711 |
| Waterfront Communities The Island 3 Bedroom Apartments | $5,168 | $3,757 | $7,275 |
There are currently 13 rentals with your search options within a 2 mile radius of the Waterfront Communities The Island Neighborhood of Toronto, ON.
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*Rent discount offers may not be combined. All offers expire at 11:59 pm EST on January 31st, 2026 and are valid only on select vacant, move-in ready units; subject to availability. Valid only for new, qualifying applicants 18+ yrs who satisfy all screening, lease term, and rental requirements, and move in by January 31st, 2026. Does not apply to renewals or additional residents in occupied homes. Rent discount is applied to the first full calendar month’s rent; any additional discount is applied to the fourth or thirteenth full calendar month’s rent, as applicable. Rent prices may fluctuate without notice. Offers may be changed or canceled at any time. Additional terms, conditions, and restrictions apply. Contact a leasing consultant for details. Disclaimer details apply. Limited time only; terms and conditions apply. Offer may be changed or cancelled at any time. ...Expires 01-13-2026
Receive up to two months free when you sign a lease and move-in by January 1st.Expires 01-13-2026
Up to One And a Half Months Free on Select Suites *Terms and conditions apply Must move in by 11.30.25.Expires 01-13-2026
Lease by 1/31 and receive 1-month free rent. Move in by 2/1 to unlock an additional half month free.Expires 01-13-2026
*Rent discount offers may not be combined. All offers expire at 11:59 pm EST on January 31st, 2026 and are valid only on select vacant, move-in ready units; subject to availability. Valid only for new, qualifying applicants 18+ yrs who satisfy all screening, lease term, and rental requirements, and move in by January 31st, 2026. Does not apply to renewals or additional residents in occupied homes. Rent discount is applied to the first full calendar month’s rent; any additional discount is applied to the fourth or thirteenth full calendar month’s rent, as applicable. Rent prices may fluctuate without notice. Offers may be changed or canceled at any time. Additional terms, conditions, and restrictions apply. Contact a leasing consultant for details. Disclaimer details apply. Limited time only; terms and conditions apply. Offer may be changed or cancelled at any time. ...Expires 01-13-2026
Offer expires on December 31st, 2025 at 11:59 pm EST; subject to availability. Cannot be combined with any other offers. Valid only on select vacant, move-in ready units and for new, qualifying applicants 18 years or older who sign a minimum 12-month lease. Actual value will vary based on the selected move-in date. To qualify, applicants must satisfy our rental qualifications, be notified of approval, and execute all required documents. Tricon Residential may change or cancel this offer at any time in its sole discretion; pricing is subject to change without notice. Additional terms and conditions and other restrictions may apply. Contact a leasing consultant for details. Disclaimer details apply. Limited time only; terms and conditions apply. Offer may be changed or cancelled at any time.Expires 01-13-2026
*Rent discount offers may not be combined. All offers expire at 11:59 pm EST on January 31st, 2026 and are valid only on select vacant, move-in ready units; subject to availability. Valid only for new, qualifying applicants 18+ yrs who satisfy all screening, lease term, and rental requirements, and move in by January 31st, 2026. Does not apply to renewals or additional residents in occupied homes. Rent discount is applied to the first full calendar month’s rent; any additional discount is applied to the fourth or thirteenth full calendar month’s rent, as applicable. Rent prices may fluctuate without notice. Offers may be changed or canceled at any time. Additional terms, conditions, and restrictions apply. Contact a leasing consultant for details.Expires 01-31-2026
Here are the most recently added special offers for renters looking to find the best deals on apartments in Waterfront Communities The Island, ON. Be sure to take advantage of some of the area’s top offers.
*2 months free on SELECT suites* Some conditions apply. Please contact our leasing representative for details.Expires 09-30-2026
*Rent discount offers may not be combined. All offers expire at 11:59 pm EST on January 31st, 2026 and are valid only on select vacant, move-in ready units; subject to availability. Valid only for new, qualifying applicants 18+ yrs who satisfy all screening, lease term, and rental requirements, and move in by January 31st, 2026. Does not apply to renewals or additional residents in occupied homes. Rent discount is applied to the first full calendar month’s rent; any additional discount is applied to the fourth or thirteenth full calendar month’s rent, as applicable. Rent prices may fluctuate without notice. Offers may be changed or canceled at any time. Additional terms, conditions, and restrictions apply. Contact a leasing consultant for details.Expires 01-31-2026
*Rent discount offers may not be combined. All offers expire at 11:59 pm EST on January 31st, 2026 and are valid only on select vacant, move-in ready units; subject to availability. Valid only for new, qualifying applicants 18+ yrs who satisfy all screening, lease term, and rental requirements, and move in by January 31st, 2026. Does not apply to renewals or additional residents in occupied homes. Rent discount is applied to the first full calendar month’s rent; any additional discount is applied to the fourth or thirteenth full calendar month’s rent, as applicable. Rent prices may fluctuate without notice. Offers may be changed or canceled at any time. Additional terms, conditions, and restrictions apply. Contact a leasing consultant for details. Disclaimer details apply. Limited time only; terms and conditions apply. Offer may be changed or cancelled at any time. ...Expires 01-13-2026
Offer expires on December 31st, 2025 at 11:59 pm EST; subject to availability. Cannot be combined with any other offers. Valid only on select vacant, move-in ready units and for new, qualifying applicants 18 years or older who sign a minimum 12-month lease. Actual value will vary based on the selected move-in date. To qualify, applicants must satisfy our rental qualifications, be notified of approval, and execute all required documents. Tricon Residential may change or cancel this offer at any time in its sole discretion; pricing is subject to change without notice. Additional terms and conditions and other restrictions may apply. Contact a leasing consultant for details. Disclaimer details apply. Limited time only; terms and conditions apply. Offer may be changed or cancelled at any time.Expires 01-13-2026
*Rent discount offers may not be combined. All offers expire at 11:59 pm EST on January 31st, 2026 and are valid only on select vacant, move-in ready units; subject to availability. Valid only for new, qualifying applicants 18+ yrs who satisfy all screening, lease term, and rental requirements, and move in by January 31st, 2026. Does not apply to renewals or additional residents in occupied homes. Rent discount is applied to the first full calendar month’s rent; any additional discount is applied to the fourth or thirteenth full calendar month’s rent, as applicable. Rent prices may fluctuate without notice. Offers may be changed or canceled at any time. Additional terms, conditions, and restrictions apply. Contact a leasing consultant for details. Disclaimer details apply. Limited time only; terms and conditions apply. Offer may be changed or cancelled at any time. ...Expires 01-13-2026
Receive up to two months free when you sign a lease and move-in by January 1st.Expires 01-13-2026
Up to One And a Half Months Free on Select Suites *Terms and conditions apply Must move in by 11.30.25.Expires 01-13-2026
Lease by 1/31 and receive 1-month free rent. Move in by 2/1 to unlock an additional half month free.Expires 01-13-2026
Currently the most affordable Rent Specials Apartment in Waterfront Communities The Island is at Toronto House listed at $1,995.
The average rent for a Rent Specials Apartment in Waterfront Communities The Island is $3,537.
Today's Rent Specials apartment with the most square footage in Waterfront Communities The Island is a 1,332 square feet unit starting from $2,321 at Birch House at Canary Landing.
The average size for a Rent Specials rental in Waterfront Communities The Island is currently at 458 sq ft.
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.
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.
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.
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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