The best Etobicoke buildings to rent in are the Humber Bay Shores waterfront towers (highest amenity, best views, largest supply), Verge Condos and IQ Condos on The Queensway (newer, transit-adjacent, better price per square foot), Reina Condos (newest boutique stock on The Queensway), the Mystic Pointe / Legend buildings in Mimico (larger older layouts, walkable to Mimico GO), and Kipling and Islington station buildings (unbeatable for a downtown commute). Condo apartment values across the GTA are down roughly 9.4% year over year, and a softer resale market has pushed more investor units into the rental pool — which means tenants have more negotiating room in 2026 than they have had in several years.
The market figures in this article reflect data available when it was written. TRREB’s July 2026 report is now the most current: the GTA average selling price was $1,003,956, down 4.5% year over year, new listings fell 17.8% to 14,484, and condo apartments averaged $672,807 in the 416 and $560,923 in the 905. TRREB describes the market as tightening and setting the stage for price stability. For the current picture and what it means for a decision to sell or hold, see Should I sell my Toronto condo now or wait?
Renting in Etobicoke in 2026 is a genuinely better proposition than it was two years ago, and the reason is worth understanding before you start looking.
Condo apartment values across the GTA are down around 9.4% year over year. When resale prices soften, a portion of investor-owners who would have sold instead hold and rent. That has thickened the rental supply, particularly in the newer buildings where investor ownership concentrates. More listings competing for the same tenants means more room to negotiate — on rent, on parking, on the free month, on the start date.
So this list is organised around where the supply actually is, and what each cluster is genuinely good and bad at. I lease in these buildings regularly. The honest problems are included.
1Humber Bay Shores — the waterfront towers
Humber Bay Shores is the deepest rental market in Etobicoke by a wide margin. It is a cluster of newer towers built out along the waterfront, with the highest concentration of investor-owned units in the borough — which is exactly why there is always something available.
What you actually get
Pools, full gyms, party and games rooms, guest suites, concierge, visitor parking. Grocery, restaurants and cafés at grade. Direct access onto Humber Bay Park and the Martin Goodman Trail — which is the real selling point, and the thing tenants who move away miss most.
The honest problems
There is no subway. You are on buses to Mimico GO or Kipling, or you drive. The Gardiner is right there, which is excellent at 10am and grim at 8am. The Park Lawn GO station is planned and would change this materially — but it is not open, and you should not sign a lease on the assumption that it will be during your term.
Wind and noise. Lakefront and high floor means real wind. Units facing the Gardiner get consistent traffic noise. Ask which way the unit faces and, if you can, view it with the balcony door open.
What to check before you sign
Confirm in writing what is included — hydro is frequently excluded, and in a glass tower that is not a rounding error. Confirm parking and locker are actually included rather than assumed, and confirm the building’s move-in booking and deposit process, which is stricter here than in older stock.
Why it makes the list: The largest and most liquid rental supply in Etobicoke, the best amenities, and direct access to the best waterfront in the west end. Just go in knowing the transit story.
2Verge Condos (1007 and 1037 The Queensway)
Verge is where I send tenants who want newer stock without paying the waterfront premium. Two towers on The Queensway, modern finishes, sensible layouts, and a materially lower cost per square foot than an equivalent unit in Humber Bay Shores.
Why the Queensway works for renters
The corridor has quietly become one of the best-value rental strips in west Toronto. You are minutes from the Gardiner and the 427, on strong bus routes to Kipling and Islington subway stations, and surrounded by big-box retail and grocery — which is unglamorous and extremely convenient.
The two towers are not identical. The east and west buildings differ on exposure, layout mix and what looks out over what. If you are choosing between them, view both — the difference is bigger than the addresses suggest.
What to check
Ask what the unit looks out at, specifically. The Queensway is a wide arterial with active development along it; a view that is open today may not be in eighteen months. That matters less on a one-year lease than on a purchase, but it still affects light.
Why it makes the list: Newer construction at a genuinely better price per square foot than the waterfront, with strong road and bus access. The best value-per-dollar rental on this list.
3IQ Condos (1185 The Queensway)
IQ is a multi-phase community on the western Queensway, and it has become one of the most reliable rental options in Etobicoke for people who want amenity and newness without a waterfront budget.
Who it suits
It skews young professional and young couple. The unit mix is heavy on one-bedroom and one-plus-den, which is exactly the format that dominates rental demand, and it means turnover is steady and there is nearly always something listed.
Because it is multi-phase, the buildings vary in age and finish level. A unit in a later phase is not the same product as one in an earlier phase, even at the same address grouping. Ask which phase and which building.
The trade-off
You are further west along The Queensway, which means you are further from the lake and further from the Humber. Islington station is a manageable bus ride, not a walk. In exchange you get more space for the money than almost anywhere else in this list.
Why it makes the list: Consistent supply of the exact unit types renters want most, at a price point that undercuts both the waterfront and Mimico. Reliable rather than glamorous.
4Reina Condos (689 The Queensway)
Reina is the newest building on this list and the most distinctive. It is a boutique mid-rise on the eastern Queensway — smaller and more considered than the towers, and notable for having been designed by an all-women project team, which is genuinely rare in Toronto development.
What renting new gets you
Everything works. Appliances are current, the building envelope is new, and you are not inheriting anyone’s deferred maintenance. Boutique scale also means fewer units competing for the elevator, which people underrate until they have lived in a 500-unit tower.
What renting new costs you
Newer buildings command a premium per square foot, and boutique buildings carry fewer amenities than a large tower — you are unlikely to get a pool. If a gym and pool are non-negotiable, the waterfront towers are the better fit.
The eastern Queensway advantage
689 sits at the walkable end of the corridor — closer to the Royal York and Park Lawn retail, closer to the lake, and a shorter run to the Humber. Of the three Queensway buildings on this list, this is the one you can most reasonably live in without a car.
Why it makes the list: The newest and best-located stock on The Queensway, at boutique scale. The right choice if you value build quality and walkability over a pool.
5Mimico — Mystic Pointe, The Legend and the older stock
The Mimico buildings — Mystic Pointe, The Legend at 190 Manitoba and the surrounding older stock — are the value play, and they solve a problem newer buildings do not.
Square footage
Condos built in the late 1990s and 2000s are simply bigger. A two-bedroom here is often 900 to 1,100 square feet where a new two-bedroom might be 700. If you work from home, have a child, or own furniture, that difference outweighs a lot of shiny lobby.
The GO train
This is Mimico’s real advantage. Mimico GO puts you at Union in roughly 15 minutes. For a downtown commute that beats the subway from Kipling and it comfortably beats driving the Gardiner. If your office is anywhere near Union, this is the smartest commute on this list.
What to check
Older buildings mean older systems. Ask about recent or upcoming major work — windows, garage membrane, elevators, risers. As a tenant you do not pay a special assessment, but you do live through the disruption, and a garage rebuild is a long, loud year.
Also confirm what the building allows: older Etobicoke buildings vary a lot on pets, on short-term rental rules, and on whether in-suite laundry exists at all.
Why it makes the list: The most living space per dollar in Etobicoke plus a 15-minute GO ride to Union. For downtown commuters who need actual room, this is the best trade available.
Side-by-side comparison
| Building / cluster | Area | Vintage | Best for | Main trade-off |
|---|---|---|---|---|
| Humber Bay Shores towers | Waterfront | Newer | Amenities, views, largest supply | No subway; wind and Gardiner noise |
| Verge Condos | The Queensway | Newer | Best $/sq ft on newer stock | Arterial road setting; bus to subway |
| IQ Condos | W. Queensway | Newer, multi-phase | Reliable 1-bed and 1+den supply | Furthest from lake and subway |
| Reina Condos | 689 The Queensway | Newest | Build quality, walkability | Boutique — fewer amenities, higher $/sq ft |
| Mimico — Mystic Pointe / Legend | Mimico | Late 1990s–2000s | Space, 15-min GO to Union | Older building systems and finishes |
- Etobicoke rentals — current availability
- Living at Verge Condos East Tower, 1007 The Queensway
- Living at Verge Condos West Tower, 1037 The Queensway
- Living at IQ Condos, 1185 The Queensway
- Living at Reina Condos, 689 The Queensway
- Living at The Legend, Mystic Pointe, 190 Manitoba
- Ontario LTB forms guide — know your rights as a tenant
- Humber Bay Shores neighbourhood guide
Looking to rent in Etobicoke?
The good units go before they hit the public sites. Tell me your budget, your must-haves and your move date and I will send you what is actually available in these buildings — including what is coming up before it lists.
Frequently asked questions
Which is the best condo building to rent in Etobicoke?
It depends on what you are optimising for. For amenities, views and the widest choice of available units, the Humber Bay Shores waterfront towers are the strongest. For the best price per square foot on newer construction, Verge Condos and IQ Condos on The Queensway. For the newest build quality at boutique scale, Reina Condos at 689 The Queensway. For the most living space and the fastest downtown commute, the older Mimico buildings such as Mystic Pointe and The Legend, which put you about 15 minutes from Union on the GO train.
Is 2026 a good time to rent a condo in Etobicoke?
Conditions are more tenant-friendly than they have been in several years. GTA condo apartment values are down roughly 9.4% year over year, and softer resale pricing has kept more investor-owned units in the rental pool rather than being sold. More competing listings gives tenants real room to negotiate on rent, on parking and locker inclusion, on a free month, and on the start date. Ask for those things — in this market landlords frequently say yes.
Do Etobicoke condo rentals include parking and hydro?
Not automatically, and you should never assume either. Parking and locker are often separate and sometimes rented from a different owner than the unit. Hydro is very frequently excluded, and in a glass tower with electric heating and cooling that can add a meaningful monthly amount. Get every inclusion written into the lease itself rather than relying on the listing description or a verbal assurance.
Which Etobicoke area has the best commute to downtown for renters?
Mimico, because of Mimico GO — roughly 15 minutes to Union Station, which beats both the subway from Kipling and driving the Gardiner at peak. Islington and Kipling station buildings are the best option if you need the subway specifically. Humber Bay Shores has the worst transit of the major rental clusters despite being closest to downtown as the crow flies, because there is no rapid transit station; the planned Park Lawn GO station would change that, but it is not open and should not be assumed within a lease term.
Are older Etobicoke condos better value to rent than new ones?
For space, usually yes. Buildings from the late 1990s and 2000s in Mimico and Mystic Pointe typically offer 900 to 1,100 square feet for a two-bedroom where a comparable new two-bedroom might be around 700. The trade-off is older finishes and older building systems. As a tenant you do not pay special assessments, but you do live through major repair work, so ask what capital projects are underway or scheduled before signing.
What should a tenant check before signing a condo lease in Etobicoke?
Confirm in writing what is included — hydro, parking, locker, and any amenity fees. Ask which direction the unit faces and view it with the balcony door open if traffic noise is a concern, particularly near the Gardiner. Ask about upcoming major building work. Confirm the building rules on pets, move-in booking and elevator deposits. And make sure the lease uses the Ontario Standard Lease. If a dispute arises later, the Landlord and Tenant Board process and the correct forms are worth understanding in advance.
The best condo buildings to rent in Etobicoke in 2026 are the Humber Bay Shores waterfront towers for amenities, views and the largest available supply; Verge Condos at 1007 and 1037 The Queensway and IQ Condos at 1185 The Queensway for the best price per square foot on newer construction; Reina Condos at 689 The Queensway for the newest boutique stock and walkability; and the older Mimico buildings including Mystic Pointe and The Legend at 190 Manitoba for the most square footage and a roughly 15-minute GO train commute to Union Station. GTA condo apartment values are down approximately 9.4% year over year, which has increased rental supply and given tenants more negotiating leverage on rent, parking and incentives. Humber Bay Shores has no rapid transit station; Mimico GO offers the fastest downtown commute among Etobicoke rental clusters. Tenants should confirm hydro, parking and locker inclusions in writing, as these are frequently excluded.
Sources and further reading
Toronto Regional Real Estate Board market statistics for GTA condominium apartments · building-level information from listings and management for each named property · Metrolinx GO Transit schedules for Mimico and Long Branch stations · Ontario Standard Lease and Landlord and Tenant Board guidance. Rental pricing and availability change constantly — figures reflect general market conditions in August 2026.
General information about the Etobicoke rental market, prepared August 2026. Building details, amenities, inclusions and rules vary by unit and by owner and must be confirmed for the specific unit before signing. Market statistics cited are GTA-wide and may not reflect conditions in any individual building. Nothing here is legal advice; for tenancy disputes, consult the Landlord and Tenant Board or a licensed paralegal or lawyer. Jatin Dua is a Realtor with RE/MAX Quantum Realty.