Cheap Homes for Rent in Kitchener, ON from C$600 (18 Rentals)

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property at 95 Park St

95 Park St

WaterlooONN2L 1Y2

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 253 Lester St

253 Lester St

WaterlooONN2L 3W6
property at 271 Lester St

271 Lester St

WaterlooONN2L 3W6
property at 251 Lester St

251 Lester St

WaterlooONN2L 3W6

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.

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.

Kitchener, ON Local Guide

Cheapest Neighborhoods for Apartments in Kitchener, ON

Pricing Updated: 09/13/2025

Current apartment rentals in the Kitchener, ON area range in price from C$575 to C$4,505 with an overall median price of C$2,541. The three Kitchener neighborhoods with the lowest median rent pricing are Kitchener North West at C$1,395, Kitchener South East at C$1,530, and Kitchener South Central at C$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 WestC$1,999C$1,39521
Kitchener South EastC$2,345C$1,53060
Kitchener South CentralC$2,370C$1,52552
Kitchener South WestC$2,395C$57556
Kitchener CentralC$2,647C$1,39561
Kitchener North EastC$3,495C$1,50035

Cheapest Available Kitchener Apartments for Rent

 

The cheapest available apartment rental in Kitchener, ON is a 5 Beds unit found at The MARQ Waterloo at 345 King Street North in the Waterloo North East neighborhood priced from C$599. 261 Lester St in the Waterloo North East neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from C$750. Here is today’s list of the most affordable Kitchener apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The MARQ Waterloo at 345 King Street North1 Room in a 5 Bedroom Immediate (12 Months)5BR,2BAC$599
261 Lester St0 Beds, 2 BathsStudio,2BAC$750
Spring Village1 Bedroom Shared Accommodation1BR,1BAC$785
King Street Towers - Student Living4 Bedroom/ 3 Bath4BR,3BAC$830
The Marq1 Room in a 4 Bedroom Immedaite (12 Months)4BR,2BAC$925

Best Value Apartments for Rent in Kitchener, ON

As of September 14, 2025 the best value apartment in the Kitchener area is the C$0.81 price per square foot 5 Bedroom, 2.5 Bath Model at MyRez On Lester - Student Living in the in the Waterloo North East neighborhood starting from C$1,225. The second greatest value Kitchener apartment is the 2 Bedroom, 2 Bathroom Model at 200 Shakespeare Drive starting at C$2,350 with a C$1.58 price per square foot in the Waterloo North West 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.
MyRez On Lester - Student Living5 Bedroom, 2.5 Bath5BR,2.5BAC$0.81
200 Shakespeare Drive2 Bedroom, 2 Bathroom2BR,2BAC$1.58
295 Lester St295 Lester St5BR,5BAC$0.64
250 Frederick StTwo Bedroom2BR,1BAC$1.73
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BAC$1.27
Bridgeport House - Student Living5 Bedroom, 5 Bath5BR,5BAC$1.22
The MARQ Waterloo at 345 King Street North1 Room in a 5 Bedroom SEPT. (12 Months)5BR,2BAC$0.85
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BAC$1.37
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BAC$1.46
The Marq1 Room in a 4 Bedroom Immedaite (12 Months)4BR,2BAC$1.01

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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 884 Apartments for Rent in Kitchener, ON with pricing that ranges from C$575 to C$6,450. There are also 409 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kitchener ranging from C$600 to C$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 C$600 to C$6,000 with an average monthly rent of C$2,272.

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 C$1,995 to C$4,365, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$1,850 to C$4,500. Four Bedroom Single-Family rentals are also available starting from C$800 and Four Bedroom Apartments start at C$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 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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.