Cheap Homes for Rent in Kitchener, ON from $500 (32 Rentals)

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

property at 407 Keats Way

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

5 Bedroom, 2.5 Bath Townhome for Rent

Available Now

407 Keats Way

WaterlooONN2L 5S7
property at 162 Jansen Av

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

162 Jansen Av

KitchenerONN2A 2L7

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 119 University Av E

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

5 Bedroom, 2.5 Bath Home for Rent

Available Now

119 University Av E

WaterlooONN2J 2W1
property at 271 Lester St

$750

5 Bedroom Rentals

Available Now

271 Lester St

WaterlooONN2L 3W6

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.

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.

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.

Kitchener, ON Local Guide

Cheapest Neighborhoods for Apartments in Kitchener, ON

Pricing Updated: 06/11/2026

Current apartment rentals in the Kitchener, ON area range in price from $575 to $8,387 with an overall median price of $3,247. The three Kitchener neighborhoods with the lowest median rent pricing are Kitchener Central at $1,320, Kitchener North West at $1,495, and Kitchener North East at $1,295. 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 Central$1,947$1,32055
Kitchener North West$2,200$1,49513
Kitchener North East$2,225$1,29550
Kitchener South Central$2,250$1,30049
Kitchener South West$2,475$57548
Kitchener South East$8,387$1,29586

Cheapest Available Kitchener Apartments for Rent

 

The cheapest available apartment rental in Kitchener, ON is a 6 Beds unit found at King Street Towers in the Waterloo North East neighborhood priced from $750. Spring Village in the Waterloo North East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here is today’s list of the most affordable Kitchener apartments for rent:

Apartment ListingModel NameBed/BathPriced From
King Street Towers6 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
Preston House5 Bedroom, 5 Bath5BR,5BA$1,150
116 Tupper CresBachelorStudio,1BA$1,150
1025 King St E1 Bedroom1BR,1BA$1,200
43 Benton St1 Bedroom1BR,1BA$1,400
Mooregate ApartmentsStudio, 1 BathroomStudio,1BA$1,415
NUVO - 1442 Highland Road WestStudioStudio,1BA$1,425
Westwood Garden ApartmentsStudioStudio,1BA$1,449

Best Value Apartments for Rent in Kitchener, ON

As of June 12, 2026 the best value apartment in the Kitchener area is the $1.80 price per square foot 2 Beds, 1 Baths Model at William Apartments in the in the Waterloo Uptown neighborhood starting from $2,430. The second greatest value Kitchener apartment is the 2 Bedroom Model at Riverside Place starting at $1,850 with a $1.38 price per square foot in the Kitchener 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.
William Apartments2 Beds, 1 Baths2BR,1BA$1.80
Riverside Place2 Bedroom2BR,1BA$1.38
King Street Towers5 Bedroom/ 5 Bath Tower 15BR,5BA$0.85
Gresham Place3 Bedroom3BR,1BA$1.67
Chicopee Towns2 Bedroom2BR,1BA$1.58
University Place - 50 University Ave E3 Beds, 1.5 baths3BR,1.5BA$0.72
Preston House5 Bedroom, 5 Bath5BR,5BA$1.14
Bridgeport House5 Bedroom, 5 Bath5BR,5BA$0.70
94 Beck StTwo Bedroom2BR,1BA$1.78
214 York Queen1 Bed1BR,1BA$1.87

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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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!

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Frequently Asked Questions about Kitchener

What type of rentals are currently available in Kitchener?

There are currently 937 Apartments for Rent in Kitchener, ON with pricing that ranges from $500 to $8,387. There are also 1369 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kitchener ranging from $500 to $5,500.

What is the current price range for Rental Homes in Kitchener?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Kitchener ranges from $500 to $5,500 with an average monthly rent of $2,473.

How much are larger Three and Four Bedroom Rentals in Kitchener?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Kitchener range from $795 to $6,105, while Three Bedroom Homes, Condos, and Townhomes for rent range from $550 to $3,300. Four Bedroom Single-Family rentals are also available starting from $805 and Four Bedroom Apartments start at $750.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.