Cheap Homes for Rent in Waterfront Communities The Island Neighborhood of Toronto, ON from C$1,600 (116 Rentals)

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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.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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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 One32 priced from C$1,825. Velocity at the Square has the second lowest priced unit, which is a Studio apartment currently listed from C$1,900. Here are the most affordable Waterfront Communities The Island apartments for rent in Toronto, ON:

Apartment ListingModel NameBed/BathPriced From
One32Studio 1 BathStudio,1BAC$1,825
Velocity at the SquareBachelorStudio,1BAC$1,900
The 203 ResidencesStudioStudio,1BAC$1,950
JazzStudio 1 BathStudio,1BAC$1,965
West HouseS1Studio,1BAC$2,050
39 Niagara0 Beds, 1 BathsStudio,1BAC$2,067
90 Adelaide St EOne Bedroom Apartment1BR,1BAC$2,150
The Quay - Tower IIIBachelorStudio,1BAC$2,183
Fifty on the ParkOne Bedroom1BR,1BAC$2,200
Birch House at Canary LandingA041BR,1BAC$2,261

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

As of September 06, 2025 the best value apartment in the Waterfront Communities The Island area is the C$4.90 price per square foot 3 Bedroom Model at The Quay - Tower III in the in the Waterfront Communities The Island neighborhood starting from C$4,618. The second greatest value Waterfront Communities The Island apartment is the C02 Model at Birch House at Canary Landing starting at C$4,350 with a C$4.95 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.
The Quay - Tower III3 Bedroom3BR,2BAC$4.90
Birch House at Canary LandingC023BR,2BAC$4.95
Motion1 Bedroom 1 Bath1BR,1BAC$4.62
Jazz1 Bedroom 1 Bath1BR,1BAC$4.89
Fifty on the ParkOne Bedroom1BR,1BAC$4.05
90 Adelaide St EOne Bedroom Apartment1BR,1BAC$3.98
Maple House at Canary LandingA111BR,1BAC$4.82
The 203 ResidencesStudioStudio ,1BAC$4.15
Toronto HouseStudioStudio ,1BAC$5.14
Velocity at the SquareBachelorStudio ,1BAC$5.25

Frequently Asked Questions about Waterfront Communities The Island

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

There are currently 483 Apartments for Rent in Waterfront Communities The Island, ON with pricing that ranges from C$1,799 to C$11,940. There are also 492 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront Communities The Island ranging from C$1,690 to C$21,500.

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 C$1,690 to C$21,500 with an average monthly rent of C$4,660.

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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.