677 Condos for Rent in Waterfront Communities, Toronto

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Neighbourhood in Toronto

Waterfront Communities

urban active family-friendly

Waterfront Communities is a vibrant neighbourhood in Toronto. It offers a mix of residential living and waterfront activities.

High walkability score of 98 Strong community with 64,461 residents Majority of renters at 60.3%

At a glance

Photo of Unit 2708, 400 King Street W

Unit 2708, 400 King Street W

Toronto (Waterfront Communities)

For Rent
Listed for:

Listed Sep 28, 2026

$3,300monthly
  • 2Bedrooms
  • 2Bathrooms
  • 0Parking
  • 700~799Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 1508, 11 Brunel Court

Unit 1508, 11 Brunel Court

Toronto (Waterfront Communities)

For Rent
Listed for:

Listed Sep 26, 2026

$2,650monthly
  • 1+1Bedrooms
  • 1Bathroom
  • 1Parking
  • 600~699Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 1105, 290 Adelaide Street W

Unit 1105, 290 Adelaide Street W

Toronto (Waterfront Communities)

For Rent
Listed for:

Listed Sep 26, 2026

$3,750monthly
  • 2+1Bedrooms
  • 2Bathrooms
  • 1Parking
  • 800~899Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 3311, 20 Richardson Street

Unit 3311, 20 Richardson Street

Toronto (Waterfront Communities)

For Rent
Listed for:

Listed Sep 26, 2026

$2,680monthly
  • 1+1Bedrooms
  • 1Bathroom
  • 1Parking
  • 500~599Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 818, 39 Parliament Street

Unit 818, 39 Parliament Street

Toronto (Waterfront Communities)

For Rent
Listed for:

Listed Sep 25, 2026

$2,000monthly
  • 0Bedrooms
  • 1Bathroom
  • 0Parking
  • 0~499Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 632, 629 King Street W

Unit 632, 629 King Street W

Toronto (Waterfront Communities)

For Rent
Listed for:

Listed Sep 25, 2026

$2,200monthly
  • 1Bedroom
  • 1Bathroom
  • 0Parking
  • 0~499Sq.Ft.

Condo ApartmentFor Rent

Buildings

Condo buildings in Waterfront Communities

222 buildings have a unit for sale or rent today. These 12 have the most.

Browse all condo buildings 

Day to dayLivability

98

Walkability

out of 100 · averaged over 772 past and present listings

Average walk score reported on listings here

6.9

Schools near listings

out of 10 · averaged over 28,234 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$637,500

10% below Ontario

In Waterfront Communities

$637,500

In Ontario

$709,900

Median monthly rent

$2,850/mo

14% above Ontario

In Waterfront Communities

$2,850

In Ontario

$2,500

$1,131

Per square foot

≈ 18.6 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

853

Median $637,500

Condos 847 · Houses 6

For rent

745

Median $2,850

Condos 741 · Houses 4

Recently sold

Sign in to see sold data

Recently leased

Sign in to see leased data

Market data as of 2026-10-25. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

  • Excellent public transit options
  • Young population with a median age of 32.8
  • Access to many amenities and services
  • High percentage of educated residents

Keep in mind

  • Housing prices are above the city median
  • High renter strain at 45%

The feel of the placeLifestyle

Daily life in Waterfront Communities is active and convenient, with plenty of options for dining and recreation. It is well-suited for those who enjoy urban living.

Great for young professionals first-time buyers renters

Within the boundaryWhat's nearby

The boundary

2.5 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

33

Parks

11

Playgrounds

53

Transit stations

19

Grocery stores

182

Restaurants

89

Cafés

17

Gyms

1

Libraries

13

Pharmacies

Counted across all 2.5 km² of Waterfront Communities. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

6.7/10

Average rating of the 3 rated schools in this area

4

Elementary

2

Secondary

  • Bishop Macdonell Catholic School

    Catholic · Grades JK–8 · Toronto CDSB

    7.2/10

    751st of 3,045 Ontario elementary schools

    420 students · EQAO 2024-2025

  • The Waterfront School

    Public · Grades JK–8 · Toronto DSB

    7.2/106.0 over 5 yrs

    751st of 3,045 Ontario elementary schools

    185 students · EQAO 2024-2025

  • Jean Lumb Public School

    Public · Grades JK–8 · Toronto DSB

    5.8/10

    1,729th of 3,045 Ontario elementary schools

    580 students · EQAO 2024-2025

  • ALPHA Alternative Junior School

    Public · Grades JK–6 · Toronto DSB

    Not rated

    75 students

  • City School

    Public · Grades 9–12 · Toronto DSB

    Not rated

    EQAO 2024-2025

  • Oasis Alternative Secondary School

    Public · Grades 9–12 · Toronto DSB

    Not rated

    80 students

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Waterfront Communities, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

64,461

Population (2021)

2.5 km²

Area

26,041

People per km²

32.8

Median age

$91,903

Median income

40%

Own their home

1.6

People per household

39,840

Households

Every age

  • Children (under 15)6.1%
  • Working age (15–64)88.2%
  • Seniors (65+)5.7%

What is built here

  • Low-rise apartments0.9%
  • High-rise apartments98.5%

Own or rent

40%Owners

60%Renters

Across 39,840 households

When it was built

Mostly 2011–2015

  • 1960 or earlier1%
  • 1961–19803%
  • 1981–19904%
  • 1991–20006%
  • 2001–200514%
  • 2006–201020%
  • 2011–201526%
  • 2016–202125%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

42.7%
Born outside Canada
73%
Hold a degree or higher
76.6%
Employment rate
22%
Commute by transit
33.4%
Commute by car
1.4
Children per family
$76,842
Median income after tax
$119,043
Average household income
14.1%
Living on a low income
$2,060/mo
Renters pay, per month
$2,183/mo
Owners pay, per month
$736,120
Median home value at census
45%
Renters spending 30%+ of income on housing
38.3%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 25 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry

HOMEH Market Pulse Condo apartments only Through September 2026 Deep sales history

What condos in Waterfront Communities actually rent for

10,175 condos were leased in Waterfront Communities over the 12 months to September 2026. Half leased above $2,565 and half below, 0.4% higher than the 12 months before. A typical condo found its tenant in 16 days — 3 days quicker than a year ago.

Median rent
$2,565
+0.4% year over year
Days to lease
16
3 days quicker
Leases closed
10,175
last 12 months
Rent per square foot
$4.09/mo
from 8,491 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one condo here differs from the next.

$3,433$2,973$2,514$2,055
Oct ’23Oct ’24Sep ’25Sep ’26
Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%
Of the asking rent
100.0%
Leased over asking
14.8%

From 10,175 leases that closed here in the last 12 months.

Rent or buy in Waterfront Communities

20.3 years

of rent, at the going rate here, adds up to what a condo here costs.

Median sold price

$623,833

1,703 sales

Median rent

$2,565/mo

10,175 leases

Gross rental yield

4.93%

before costs

Both figures come from deals that actually closed in Waterfront Communities over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

How fast it moves

Median days on market, month by month. Taller means slower.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Waterfront Communities, rentals
Monthly closed leases in Waterfront Communities
MonthClosedMedianMiddle halfDays% of ask
Sep 2026846$2,621$2,300 – $3,25012100.0%
Aug 20261,033$2,600$2,300 – $3,30012100.0%
Jul 20261,077$2,580$2,263 – $3,15013100.0%
Jun 2026924$2,571$2,284 – $3,29913100.0%
May 2026849$2,587$2,250 – $3,11313100.0%
Apr 2026919$2,500$2,200 – $3,00016100.0%
Mar 2026959$2,557$2,250 – $3,20018100.0%
Feb 2026777$2,486$2,150 – $3,15018100.0%
Jan 2026742$2,517$2,150 – $2,96921100.0%
Dec 2025603$2,576$2,150 – $3,20018100.0%
Nov 2025652$2,540$2,300 – $3,10018100.0%
Oct 2025794$2,623$2,300 – $3,20014100.0%
Sep 2025908$2,600$2,300 – $3,20014100.0%
Aug 20251,138$2,558$2,300 – $3,20016100.0%
Jul 20251,346$2,560$2,250 – $3,20016100.0%
Jun 20251,037$2,508$2,250 – $3,12514100.0%
May 20251,022$2,550$2,286 – $3,20016100.0%
Apr 20251,020$2,589$2,300 – $3,10019100.0%
Mar 2025921$2,561$2,250 – $3,15620100.0%
Feb 2025745$2,520$2,299 – $3,20020100.0%
Jan 2025716$2,500$2,250 – $3,05026100.0%
Dec 2024607$2,539$2,250 – $3,10025100.0%
Nov 2024725$2,577$2,250 – $3,00021100.0%
Oct 2024809$2,592$2,300 – $3,20021100.0%
Sep 2024896$2,600$2,350 – $3,20023100.0%
Aug 20241,619$2,661$2,350 – $3,20027100.0%
Jul 20241,352$2,612$2,300 – $3,20027100.0%
Jun 20241,070$2,600$2,300 – $3,20037100.0%
May 20241,059$2,551$2,250 – $3,20037100.0%
Apr 2024925$2,571$2,250 – $3,20039100.0%
Mar 2024747$2,548$2,250 – $3,12532100.0%
Feb 2024529$2,588$2,300 – $3,17528100.0%
Jan 2024697$2,640$2,400 – $3,20021100.0%
Dec 2023552$2,643$2,400 – $3,10019100.0%
Nov 2023715$2,699$2,450 – $3,33815100.0%
Oct 2023768$2,700$2,500 – $3,25013100.0%

What people ask about Waterfront Communities

How much does a condo cost in Waterfront Communities?

Condos in Waterfront Communities sold for a median of $623,833 over the 12 months to September 2026, across 1,703 closed sales — half sold for more and half for less. That is 5.4% lower than the 12 months before it.

How long does it take to sell a condo in Waterfront Communities?

A condo in Waterfront Communities took a median of 32 days on the market over the 12 months to September 2026. Condos there closed at 96.6% of the asking price on average, with 12.2% selling over asking.

How much is rent for a condo in Waterfront Communities?

The median condo lease in Waterfront Communities closed at $2,565 a month over the 12 months to September 2026, across 10,175 leases.

Is it cheaper to rent or buy a condo in Waterfront Communities?

A condo in Waterfront Communities costs about 20.3 years of the rent on one — the median price of $623,833 against a median rent of $2,565 a month, a gross yield of 4.93%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Waterfront Communities on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one condo. Not an appraisal or an opinion of value.

The numbers today

Renting a condo in Waterfront Communities

Condo rentals in Waterfront Communities today

There are 677 condos for rent in Waterfront Communities today, at a median rent of $2,800 a month. Rents run from $1,690 to $30,000 a month. 30 were listed in the last 24 hours.

What condos rent for, by size

By size, the median rent is $2,000/mo for a studio, $2,400/mo for 1 bedroom, $3,000/mo for 2 bedrooms and $4,300/mo for 3 bedrooms. Moving from one bedroom to two adds about $1,000 a month at the median. 2-bedroom condos are the most common, with 332 listings (49% of those with a size given). After that come 208 1-bedroom, 91 3-bedroom and 41 studio listings. 145 rentals are listed furnished in Waterfront Communities.

How condo rents have moved

Over the 12 months to September 2026, 10,175 condos were leased in Waterfront Communities at a median of $2,565 a month. That is 0.4% higher than the 12 months before. The typical condo took 16 days to lease. At that pace, the 677 condos for rent today would take about 0.8 months to lease if nothing new were listed.

Condo buildings in Waterfront Communities

222 condo buildings in Waterfront Communities have at least one unit for sale or rent today. The most units for rent are at 400 KING (27), Prime Condos (23), Harbour Plaza (17), Ice Condos | Ice Condos II (13) and Maple Leaf Square (13). 11 of the 12 buildings listed on this page have units both for sale and for rent, so you can compare what a unit costs to buy with what it rents for.

Questions, answered

Common questions about condos for rent in Waterfront Communities

How much is a condo to rent in Waterfront Communities?

The median rent of the 677 condos for rent in Waterfront Communities is $2,800/mo. By size, the median is $2,400/mo for 1 bedroom and $3,000/mo for 2 bedrooms.

All rentals in Waterfront Communities 

Are there furnished condos for rent in Waterfront Communities?

Yes. 145 of the 677 condos for rent in Waterfront Communities are listed furnished and 27 partly furnished.

All rentals in Waterfront Communities 

How many condo buildings in Waterfront Communities have units for rent?

222 condo buildings in Waterfront Communities have at least one unit for sale or rent today. The most units for rent are at 400 KING (27), Prime Condos (23) and Harbour Plaza (17).

400 KING