Cheap Homes for Rent in Kitchener, ON from $700 (38 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 271 Lester St

271 Lester St

WaterlooONN2L 3W6
property at 253 Lester St

253 Lester St

WaterlooONN2L 3W6
property at 251 Lester St

251 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.

property at 1148 Queen's Blvd

1148 Queen's Blvd

KitchenerONN2M 1C2

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.

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.

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.

Kitchener, ON Local Guide

Cheapest Neighborhoods for Apartments in Kitchener, ON

Pricing Updated: 10/30/2025

Current apartment rentals in the Kitchener, ON area range in price from $575 to $4,505 with an overall median price of $2,465. The three Kitchener neighborhoods with the lowest median rent pricing are Kitchener Central at $1,300, Kitchener South Central at $1,550, and Kitchener South East at $1,539. 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$2,045$1,30059
Kitchener South Central$2,345$1,55043
Kitchener South East$2,345$1,53955
Kitchener South West$2,345$57537
Kitchener North West$2,420$1,30018
Kitchener North East$3,295$1,55530

Cheapest Available Kitchener Apartments for Rent

 

The cheapest available apartment rental in Kitchener, ON is a Studio unit found at 261 Lester St 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
261 Lester St0 Beds, 2 BathsStudio,2BA$750
Spring Village1 Bedroom Shared Accommodation1BR,1BA$785
Park PlaceStudioStudio,1BA$1,470
1025 King St E1 Bedroom1BR,1BA$1,475
265 Lawrence Avenue Townhomes1 Beds, 1 Baths1BR,1BA$1,550
250 Frederick StOne Bedroom1BR,1BA$1,550
Lumina KitchenerStudioStudio,1BA$1,550
Vanier Heights1 Bedroom, 1 Bathroom1BR,1BA$1,555
Capitol Hill Apartments1 Bed 1 Bath I1BR,1BA$1,560
100 Walter St1 Bedroom1BR,1BA$1,570

Best Value Apartments for Rent in Kitchener, ON

As of October 30, 2025 the best value apartment in the Kitchener area is the $1.73 price per square foot Two Bedroom Model at 250 Frederick St in the in the Kitchener Central neighborhood starting from $1,900. The second greatest value Kitchener apartment is the 2 Bedroom(s) and 1 Bathroom(s) Model at 75 Old Chicopee Dr starting at $1,995 with a $2.00 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.
250 Frederick StTwo Bedroom2BR,1BA$1.73
75 Old Chicopee Dr2 Bedroom(s) and 1 Bathroom(s)2BR,1BA$2.00
Newport Towers2 Bedroom2BR,1BA$2.07
Avenue Apartments2 Bedroom, 1 Bathroom2BR,1BA$2.03
Spurline Flats, Midtown Waterloo2 Bedroom(s) and 1 Bathroom(s)2BR,1BA$1.97
Metropolitan Towers2 Bedroom2BR,2BA$1.96
214 York Queen2 Bed2BR,1BA$1.78
Green Valley Towers1 Bedroom1BR,1BA$1.99
Gresham Place1 Bedroom1BR,1BA$2.07
Queen Margaret I1 Bedroom1BR,1BA$2.04

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Kitchener, ON Rentals by Map

View Map
Kitchener, ON Apartments Map
View Map
Kitchener, ON Rental Homes Map

Frequently Asked Questions about Kitchener

What type of rentals are currently available in Kitchener?

There are currently 900 Apartments for Rent in Kitchener, ON with pricing that ranges from $575 to $6,450. There are also 480 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kitchener ranging from $725 to $6,000.

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 $725 to $6,000 with an average monthly rent of $2,381.

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 $2,000 to $2,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $4,500. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $830.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.