Cheap Homes for Rent in Kitchener, ON from $740 (120 Rentals)

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

property at 271 Lester St
$700 - $750
1 To 5 Bedroom Rentals
Available Now
Furnished

271 Lester St

WaterlooONN2L 3W6

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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property at 85 High Acres Cres
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

85 High Acres Cres

KitchenerONN2N 2S3
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 317 Duke St W
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

317 Duke St W

KitchenerONN2H 3X9
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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 601 Frederick St
$1,400

Total Monthly Price

Base Rent$1,400

Total Monthly Price$1,400
1 Bedroom, 1 Bath Home for Rent
Available Sep 14
Affordability

601 Frederick St

KitchenerONN2B 2A8
property at 99 Westwood Dr
$1,400 - $1,625
Studio To 2 Bedroom Rentals
Available Now
Affordability

99 Westwood Dr

KitchenerONN2M 2K7

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.

Kitchener, ON Local Guide

Cheapest Neighborhoods for Apartments in Kitchener, ON

Pricing Updated: 09/10/2026

Current apartment rentals in the Kitchener, ON area range in price from $799 to $7,844 with an overall median price of $1,735. The three Kitchener neighborhoods with the lowest median rent pricing are Kitchener South Central at $1,650, Kitchener Central at $1,695, and Kitchener South East at $1,695. 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 South Central$1,650$1,30056
Kitchener Central$1,695$1,20052
Kitchener South East$1,695$1,16372
Kitchener South West$1,719$1,40062
Kitchener North East$1,797$1,32031
Outlying Kitchener Waterloo$1,856$79950
Kitchener North West$1,900$1,32516

Cheapest Available Kitchener Apartments for Rent

 

The cheapest available apartment rental in Kitchener, ON is a 4 Beds unit found at 143 Columbia in the Waterloo North East neighborhood priced from $590. Walnut Village Inc. in the Waterloo North East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here is today’s list of the most affordable Kitchener apartments for rent:

Apartment ListingModel NameBed/BathPriced From
143 ColumbiaLpSt24BR,2BA$590
Walnut Village Inc.1 Bedroom Shared Accommodation1BR,1BA$599
University Place - 50 University Ave E6 Beds, 2 baths6BR,2BA$695
King Street Towers6 Bedroom/ 5 Bath Tower 26BR,5BA$750
Fergus House4 Bedroom 4 Bathroom4BR,4BA$799
Hespeler House4 Bedroom 4 Bathroom4BR,4BA$799
Preston House5 Bedroom, 5 Bath5BR,5BA$1,150
Millwood BrownstonesJunior 1 Bedroom1BR,1BA$1,163
214 York QueenStudioStudio,1BA$1,200
1025 King St E1 Bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Kitchener, ON

As of September 10, 2026 the best value apartment in the Kitchener area is the $0.80 price per square foot 5 Bedroom/ 5 Bath Tower 2 Model at King Street Towers in the in the Waterloo North East neighborhood starting from $1,100. The second greatest value Kitchener apartment is the 2 Bedroom Model at Riverside Place starting at $1,874 with a $1.40 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.
King Street Towers5 Bedroom/ 5 Bath Tower 25BR,5BA$0.80
Riverside Place2 Bedroom2BR,1BA$1.40
Chicopee Towns2 Bedroom2BR,1BA$1.60
The HUB GEOWAVE2 Bedroom2BR,2BA$1.63
The HUB - 365 Albert2 Bedroom2BR,2BA$1.63
University Place - 50 University Ave E3 Beds, 1.5 baths3BR,1.5BA$0.63
Preston House5 Bedroom, 5 Bath5BR,5BA$1.14
Bridgeport House5 Bedroom, 5 Bath5BR,5BA$0.70
Fergus House4 Bedroom 4 Bathroom4BR,4BA$0.81
Hespeler House4 Bedroom 4 Bathroom4BR,4BA$0.87

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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

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 921 Apartments for Rent in Kitchener, ON with pricing that ranges from $575 to $7,982. There are also 1066 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kitchener ranging from $740 to $5,000.

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 $740 to $5,000 with an average monthly rent of $2,235.

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 $695 to $6,105, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $4,000. Four Bedroom Single-Family rentals are also available starting from $805 and Four Bedroom Apartments start at $645.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.