
Cheap Apartments for Rent in Kitchener, ON from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Kitchener.


110 Fife Ave

Park Manor

Northview Apartments

65 Roy St

10-14 Rosedale Ave
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.

Idlewood Apartments

141-149 Borden Ave N

Morgan Apartments

379-379 Erb St. W

251-251 Lester St

253-253 Lester St
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.

University Place - 50 University Ave E

271-271 Lester St

King Street Towers - Student Living

MyRez On Lester - Student Living

308 King

308 Hawthorn St
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.

261 Lester St

Spring Village

253 Lester St

251 Lester St

185 King St N

159 University Ave E
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.

Sage Six
Kitchener, ON Local Guide

How much does it cost to rent an apartment in Kitchener?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Kitchener Studio Apartments | $1,551 | $1,400 | $1,875 |
| Cheap Kitchener 1 Bedroom Apartments | $1,912 | $575 | $2,700 |
| Cheap Kitchener 2 Bedroom Apartments | $2,139 | $1,213 | $3,719 |
| Cheap Kitchener 3 Bedroom Apartments | $2,186 | $795 | $2,895 |
| Cheap Kitchener 4 Bedroom Apartments | $1,349 | $795 | $2,700 |
| Kitchener 5 Bedroom Apartments | $1,054 | $750 | $1,350 |
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Kitchener, ON Local Guide
- Kitchener Neighborhoods
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Cheapest Neighborhoods for Apartments in Kitchener, ON
Pricing Updated: 01/10/2026Current apartment rentals in the Kitchener, ON area range in price from $575 to $3,250 with an overall median price of $2,410. The three Kitchener neighborhoods with the lowest median rent pricing are Kitchener North West at $1,395, Kitchener North East at $1,514, and Kitchener South East at $1,525. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Kitchener Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Kitchener North West | $1,999 | $1,395 | 19 |
| Kitchener North East | $2,224 | $1,514 | 44 |
| Kitchener South East | $2,345 | $1,525 | 72 |
| Kitchener Central | $2,497 | $1,395 | 61 |
| Kitchener South Central | $2,700 | $1,400 | 52 |
| Kitchener South West | $2,700 | $575 | 50 |
Cheapest Available Kitchener Apartments for Rent
 The cheapest available apartment rental in Kitchener, ON is a 1 Bed unit found at Spring Village in the Waterloo North East neighborhood priced from $785. University Place - 50 University Ave E in the Waterloo North East neighborhood has the second lowest priced unit, which is a 6 Beds apartment currently listed from $795. Here is today’s list of the most affordable Kitchener apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $785 |
| University Place - 50 University Ave E | 6 Beds, 2 baths | 6BR,2BA | $795 |
| MyRez On Lester - Student Living | 5 Bedroom, 2.5 Bath | 5BR,2BA | $1,060 |
| King Street Towers - Student Living | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | $1,060 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $1,065 |
Best Value Apartments for Rent in Kitchener, ON
As of January 11, 2026 the best value apartment in the Kitchener area is the $0.70 price per square foot 5 Bedroom, 2.5 Bath Model at MyRez On Lester - Student Living in the in the Waterloo North East neighborhood starting from $1,060. The second greatest value Kitchener apartment is the 2 Beds, 1 Baths Model at William Apartments starting at $2,425 with a $1.64 price per square foot in the Waterloo Uptown neighborhood. Here is today’s list of the best values for Kitchener apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| MyRez On Lester - Student Living | 5 Bedroom, 2.5 Bath | 5BR,2.5BA | $0.70 |
| William Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.64 |
| University Place - 50 University Ave E | 3 Beds, 1.5 baths | 3BR,1.5BA | $0.72 |
| King Street Towers - Student Living | 4 Bedroom/ 4 Bath | 4BR,4BA | $1.04 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $1.06 |
| Bridgeport House | 5 Bedroom, 5 Bath | 5BR,5BA | $0.99 |
| Vertikal | 1 Bed, 1 Bath Model | 1BR,1BA | $1.76 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1.31 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1.38 |
| 931-932 Caledonian Vw | 1 Bedroom Model | 1BR,1BA | $1.76 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Kitchener, ON Rentals by Map
See the most popular apartments and homes in Kitchener, ON
Frequently Asked Questions about Cheap Kitchener Apartments
What is a cheap apartment in Kitchener?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Kitchener is under $1,400.
What is the price of a cheap apartment in Kitchener?
The cheapest apartment in Kitchener is Spring Village which is listed at $785, while the average apartment in Kitchener costs $2,410.
What types of apartments are the cheapest in Kitchener?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Kitchener that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Kitchener?
Cheap apartments in Kitchener have an average cost of $142 which is $2,268 cheaper than the average rent for all rentals in Kitchener.
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

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.

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.

Apartment Common Area Rules: What Renters Need to Know
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!