Cheap Apartments for Rent in Kitchener, ON from $500 (25 Rentals)

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118 Fife Ave
$1,095 - $1,1951 to 2 Bedroom Apartments

118 Fife Ave

118 Fife AveKitchener, ON N2B 3C1
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110 Fife Ave
$1,095 - $1,1951 to 2 Bedroom Apartments

110 Fife Ave

110 Fife AveKitchener, ON N2B 3C1
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Park Manor
$1,0951 Bedroom Apartments

Park Manor

521 Park StKitchener, ON N2G 1N8
  • Utilities Included
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65 Roy St
$1,100 - $1,350Studio to 2 Bedroom Apartments

65 Roy St

65 Roy StKitchener, ON N2H 4B4
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10-14 Rosedale Ave
$1,250 - $1,450Studio to 2 Bedroom Apartments

10-14 Rosedale Ave

10-14 Rosedale AveKitchener, ON N2H 1J3
  • Utilities Included

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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141-149 Borden Ave N
$1,2502 Bedroom Apartments

141-149 Borden Ave N

141-149 Borden Ave NKitchener, ON N2H 3J5
  • Utilities Included
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Morgan Apartments
$1,275 - $2,249Studio to 3 Bedroom Apartments

Morgan Apartments

167 Morgan AveKitchener, ON N2A 2M4
  • Utilities Included

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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308 Hawthorn St
$675 - $725Studio Apartments

308 Hawthorn St

308 Hawthorn StWaterloo, ON N2L 3N4

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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261 Lester St
$750Studio to 1 Bedroom Apartments

261 Lester St

261 Lester StWaterloo, ON N2L 3W6
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Spring Village
$785 - $1,1161 to 2 Bedroom Apartments

Spring Village

208 Sunview StWaterloo, ON N2L 3V6
Furnished
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253 Lester St
$795Studio Apartments

253 Lester St

253 Lester StWaterloo, ON N2L 3W6
Student Housing
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251 Lester St
$8951 to 2 Bedroom Apartments

251 Lester St

251 Lester StWaterloo, ON N2L 3W6
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185 King St N
$949 - $1,3005 Bedroom Apartments

185 King St N

185 King St NWaterloo, ON N2J 0E1
Student Housing
  • Smoke Free

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.

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Sage Six
$1,110 - $2,500Studio to 2 Bedroom Apartments

Sage Six

251 Hemlock StWaterloo, ON N2L 3R4

Kitchener, ON Local Guide

Cheapest Neighborhoods for Apartments in Kitchener, ON

Pricing Updated: 01/06/2026

Current apartment rentals in the Kitchener, ON area range in price from $750 to $6,000 with an overall median price of $3,462. The three Kitchener neighborhoods with the lowest median rent pricing are Kitchener Waterloo Region at $1,980, Kitchener Central at $1,375, and Kitchener South Central at $1,375. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Kitchener Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Kitchener Waterloo Region$2,200$1,9802
Kitchener Central$3,499$1,375129
Kitchener South Central$3,499$1,375113
Kitchener South West$3,550$75086
Kitchener South East$3,649$1,400189
Kitchener North West$3,850$1,39577
Kitchener North East$3,990$1,50073

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. MyRez On Lester - Student Living in the Waterloo North East neighborhood has the second lowest priced unit, which is a 5 Beds apartment currently listed from $1,060. Here is today’s list of the most affordable Kitchener apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Spring Village1 Bedroom Shared Accommodation1BR,1BA$785
MyRez On Lester - Student Living5 Bedroom, 2.5 Bath5BR,2BA$1,060
King Street Towers - Student Living6 Bedroom/ 5 Bath Tower 26BR,5BA$1,060
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$1,065
Sage SixStudio, 1 bathStudio,1BA$1,110

Best Value Apartments for Rent in Kitchener, ON

As of January 07, 2026 the best value apartment in the Kitchener area is the $1.90 price per square foot 3 Beds, 2 baths Model at Ivy Towns in the in the Waterloo North East neighborhood starting from $3,450. The second greatest value Kitchener apartment is the 5 Bedroom, 2.5 Bath Model at MyRez On Lester - Student Living starting at $1,060 with a $0.70 price per square foot in the Waterloo North East neighborhood. Here is today’s list of the best values for Kitchener apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ivy Towns3 Beds, 2 baths3BR,2BA$1.90
MyRez On Lester - Student Living5 Bedroom, 2.5 Bath5BR,2.5BA$0.70
William Apartments2 Beds, 1 Baths2BR,1BA$1.64
Fairview Towers2 Bedroom2BR,1.5BA$1.83
King Street Towers - Student Living4 Bedroom/ 4 Bath4BR,4BA$1.04
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$1.06
Bridgeport House5 Bedroom, 5 Bath5BR,5BA$0.99
Vertikal1 Bed, 1 Bath Model1BR,1BA$1.76
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BA$1.31
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BA$1.38

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.

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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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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Kitchener, ON Rentals by Map

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Frequently Asked Questions about Cheap Kitchener Apartments

What is the Cheapest Studio apartment in Kitchener?

Currently the most affordable Cheap Studio Apartment in Kitchener is at Sage Six listed at $1,110.

How much is rent for a Cheap One Bedroom Kitchener Apartment?

The lowest price for a Cheap One Bedroom Kitchener Apartment is $785 at Spring Village.

What is the lowest price for a Cheap Two Bedroom Kitchener Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Kitchener is starting from $1,213 at 308 King.

What is the most affordable Kitchener Three Bedroom Apartment?

The best deal on a cheap Kitchener Three Bedroom Apartment rental is at 21 Holborn Drive and starts from $1,425.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!