Cheap Homes for Rent in Kitchener, ON from $500 (37 Rentals)

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

property at 378 Albert St

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

4 Bedroom, 1 Bath Home for Rent

Available May 1

378 Albert St

WaterlooONN2L 3V1
property at 162 Jansen Av

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

162 Jansen Av

KitchenerONN2A 2L7
property at 407 Keats Way

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

5 Bedroom, 2.5 Bath Townhome for Rent

Available Apr 30

407 Keats Way

WaterlooONN2L 5S7

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property at 271 Lester St

$795

5 Bedroom Rentals

Available May 1

271 Lester St

WaterlooONN2L 3W6

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Kitchener, ON Local Guide

Cheapest Neighborhoods for Apartments in Kitchener, ON

Pricing Updated: 04/27/2026

Current apartment rentals in the Kitchener, ON area range in price from $500 to $5,500 with an overall median price of $3,553. The three Kitchener neighborhoods with the lowest median rent pricing are Kitchener South Central at $1,000, Kitchener Central at $1,195, and Kitchener North East at $500. 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 South Central$2,850$1,000183
Kitchener Central$2,895$1,195274
Kitchener North East$3,650$500153
Kitchener South East$3,750$500362
Kitchener North West$3,875$750155
Kitchener South West$4,300$600165

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 ListingModel NameBed/BathPriced From
Spring Village1 Bedroom Shared Accommodation1BR,1BA$785
University Place - 50 University Ave E6 Beds, 2 baths6BR,2BA$795
185 King St N5 Beds, 5 baths5BR,5BA$929
1025 King St E1 Bedroom1BR,1BA$1,200
EvokeA1 - StudioStudio,1BA$1,387
Kings TowerStudioStudio,1BA$1,399
772 Stirling Av S1 Bed, 1 bath1BR,1BA$1,399
Avenue Apartments0 Bedroom, 1 BathroomStudio,1BA$1,425
NUVO - 1442 Highland Road WestStudioStudio,1BA$1,425
Sage XStudio1BR,1BA$1,450

Best Value Apartments for Rent in Kitchener, ON

As of April 27, 2026 the best value apartment in the Kitchener area is the $1.81 price per square foot 3 Bedroom Model at Ivy Three in the in the Waterloo North East neighborhood starting from $3,400. The second greatest value Kitchener apartment is the 3 Beds, 2 baths Model at Ivy Towns starting at $3,150 with a $1.73 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 Three3 Bedroom3BR,3BA$1.81
Ivy Towns3 Beds, 2 baths3BR,2BA$1.73
NUVO - 1442 Highland Road West3 Bed3BR,2BA$1.86
21 Holborn Drive3 Bedroom3BR,1BA$1.86
75 Old Chicopee Drive3 Bedroom3BR,1BA$1.86
University Place - 50 University Ave E3 Beds, 1.5 baths3BR,1.5BA$0.72
11 Devitt Av S2 Bedroom2BR,1BA$1.75
Newport Towers2 Bedroom2BR,1BA$1.90
90 Country Hill Dr2 Bedroom2BR,1BA$1.74
214 York Queen1 Bed1BR,1BA$1.87

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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!

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Frequently Asked Questions about Kitchener

What type of rentals are currently available in Kitchener?

There are currently 927 Apartments for Rent in Kitchener, ON with pricing that ranges from $400 to $6,105. There are also 1005 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 $2,619.

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 $500 to $3,500. Four Bedroom Single-Family rentals are also available starting from $500 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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.