Cheap Homes for Rent in Waterfront Communities The Island Neighborhood of Toronto, ON from $900 (166 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Waterfront Communities The Island area of Toronto.

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-50, Page 1 of 4

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 Fifty on the Park priced from $1,700. One32 has the second lowest priced unit, which is a Studio apartment currently listed from $1,875. Here are the most affordable Waterfront Communities The Island apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
Fifty on the ParkBachelorStudio,1BA$1,700
One32Studio 1 BathStudio,1BA$1,875
The 203 ResidencesStudioStudio,1BA$1,895
Velocity at the SquareBachelorStudio,1BA$1,900
Toronto HouseStudioStudio,1BA$1,995
39 Niagara0 Beds, 1 BathsStudio,1BA$2,042
West HouseS2Studio,1BA$2,119
90 Adelaide St EOne Bedroom Apartment1BR,1BA$2,150
JazzStudio 1 BathStudio,1BA$2,225
Maple House at Canary LandingA81BR,1BA$2,317

Best Value Apartments for Rent in Waterfront Communities The Island, ON

As of March 09, 2026 the best value apartment in the Waterfront Communities The Island area is the $3.47 price per square foot 1 Bedroom 1 Bath Model at 525 Richmond Street in the in the South Parkdale King West neighborhood starting from $2,369. The second greatest value Waterfront Communities The Island apartment is the B02 Model at Birch House at Canary Landing starting at $3,068 with a $4.67 price per square foot in the Moss Park Regent Park neighborhood. Here is today’s list of the best values for Waterfront Communities The Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
525 Richmond Street1 Bedroom 1 Bath1BR,1BA$3.47
Birch House at Canary LandingB022BR,2BA$4.67
The Quay - Tower III1 Bedroom plus Den1BR,1BA$4.14
90 Adelaide St EOne Bedroom Apartment1BR,1BA$3.98
Maple House at Canary LandingA101BR,1BA$4.52
FourFifty The WellThe Freemont VI1BR,1BA$4.99
The 203 ResidencesStudioStudio ,1BA$4.03
Toronto HouseStudioStudio ,1BA$4.41
JazzStudio 1 BathStudio ,1BA$5.00
One32Studio 1 BathStudio ,1BA$5.05

Frequently Asked Questions about Waterfront Communities The Island

What type of rentals are currently available in Waterfront Communities The Island?

There are currently 498 Apartments for Rent in Waterfront Communities The Island, ON with pricing that ranges from $1,700 to $31,361. There are also 1094 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront Communities The Island ranging from $900 to $22,000.

What is the current price range for Rental Homes in Waterfront Communities The Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterfront Communities The Island ranges from $900 to $22,000 with an average monthly rent of $2,703.

How much are larger Three and Four Bedroom Rentals in Waterfront Communities The Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterfront Communities The Island range from $3,600 to $31,361, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $22,000. Four Bedroom Single-Family rentals are also available starting from $900 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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.