Cheap Apartments for Rent in Kitchener, ON from $400 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in Kitchener.

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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

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.

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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86 University Av W
$863
Total Monthly Price

Total Monthly Price

Base Rent
$863

Total Monthly Price
$863
5 Bedroom Apartment Available Sep 1

86 University Av W

86 University Av WWaterloo, ON N2L 3C8
Furnished
  • Smoke Free

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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308 Hawthorn St
$675 - $725Studio Apartments

308 Hawthorn St

308 Hawthorn StWaterloo, ON N2L 3N4
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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
  • Smoke Free
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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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311 Batavia Pl
$1,150 - $2,1001 to 2 Bedroom Apartments

311 Batavia Pl

311 Batavia PlWaterloo, ON N2L 3W1
Student Housing
  • Utilities Included
  • Smoke Free

Kitchener, ON Local Guide

Cheapest Neighborhoods for Apartments in Kitchener, ON

Pricing Updated: 03/01/2026

Current apartment rentals in the Kitchener, ON area range in price from $575 to $4,505 with an overall median price of $2,527. The three Kitchener neighborhoods with the lowest median rent pricing are Kitchener North West at $1,495, Kitchener Central at $1,359, and Kitchener North East at $1,525. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Kitchener Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Kitchener North West$1,986$1,49510
Kitchener Central$2,395$1,35947
Kitchener North East$2,612$1,52527
Kitchener South East$2,672$1,38084
Kitchener South Central$2,700$1,40046
Kitchener South West$2,797$57545

Cheapest Available Kitchener Apartments for Rent

 

The cheapest available apartment rental in Kitchener, ON is a 5 Beds unit found at Preston House - Student Living in the Waterloo North East neighborhood priced from $717. Hespeler House - Student Living in the Waterloo North East neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $732. Here is today’s list of the most affordable Kitchener apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$717
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BA$732
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BA$732
King Street Towers - Student Living6 Bedroom/ 5 Bath Tower 26BR,5BA$750
Spring Village1 Bedroom Shared Accommodation1BR,1BA$785
University Place - 50 University Ave E6 Beds, 2 baths6BR,2BA$795
308 King1 Bedroom 1 Den 1 Bathroom2BR,1BA$1,213
61 Roy St1 Bedroom1BR,1BA$1,245
Lumina KitchenerStudioStudio,1BA$1,380
1025 King St E1 Bedroom1BR,1BA$1,395

Best Value Apartments for Rent in Kitchener, ON

As of March 01, 2026 the best value apartment in the Kitchener area is the $1.73 price per square foot 3 Beds, 2 baths Model at Ivy Towns in the in the Waterloo North East neighborhood starting from $3,150. The second greatest value Kitchener apartment is the 5 Bedroom/ 5 Bath Tower 1 Model at King Street Towers - Student Living starting at $1,100 with a $0.85 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$1.73
King Street Towers - Student Living5 Bedroom/ 5 Bath Tower 15BR,5BA$0.85
University Place - 50 University Ave E3 Beds, 1.5 baths3BR,1.5BA$0.72
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$0.71
Gresham Place2 Bedroom2BR,1BA$1.73
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BA$0.75
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BA$0.79
Park PlaceOne Bedroom1BR,1BA$1.78
931-932 Caledonian Vw1 Bedroom Model1BR,1BA$1.76
61 Roy St1 Bedroom1BR,1BA$1.85

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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Remember the 3 Rules of Real Estate:
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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 $1,395.

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 $2,527.

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 20 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 $497 which is $2,030 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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.

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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.