Cheap Homes for Rent in Kitchener, ON from $700 (78 Rentals)

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

property at 271 Lester St

$825

5 Bedroom Rentals

Available Sep 1

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.

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property at 253 Lester St

$825

5 Bedroom Rentals

Available Sep 1

253 Lester St

WaterlooONN2L 3W6
property at 251 Lester St

$825

5 Bedroom Rentals

Available Sep 1

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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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Kitchener, ON Local Guide

Cheapest Neighborhoods for Apartments in Kitchener, ON

Pricing Updated: 03/13/2026

Current apartment rentals in the Kitchener, ON area range in price from $750 to $6,999 with an overall median price of $3,448. The three Kitchener neighborhoods with the lowest median rent pricing are Kitchener Waterloo Region at $1,850, Kitchener Central at $1,250, and Kitchener South Central at $1,250. 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 Waterloo Region$1,980$1,8506
Kitchener Central$2,675$1,250221
Kitchener South Central$2,737$1,250178
Kitchener South West$3,425$1,350175
Kitchener North East$3,650$1,550125
Kitchener North West$4,300$750136
Kitchener South East$5,374$1,050380

Cheapest Available Kitchener Apartments for Rent

 

The cheapest available apartment rental in Kitchener, ON is a 5 Beds unit found at Preston House - Student Living in the Waterloo North East neighborhood priced from $717. Hespeler House - Student Living in the Waterloo North East neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $732. Here is today’s list of the most affordable Kitchener apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$717
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BA$732
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BA$732
King Street Towers - Student Living6 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
1025 King St E1 Bedroom1BR,1BA$1,200
308 King1 Bedroom 1 Den 1 Bathroom2BR,1BA$1,213
61 Roy St1 Bedroom1BR,1BA$1,245
48 Weber St W1 Bedroom1BR,1BA$1,350

Best Value Apartments for Rent in Kitchener, ON

As of March 13, 2026 the best value apartment in the Kitchener area is the $0.85 price per square foot 5 Bedroom/ 5 Bath Tower 1 Model at King Street Towers - Student Living in the in the Waterloo North East neighborhood starting from $1,100. The second greatest value Kitchener apartment is the 3 Beds, 1.5 baths Model at University Place - 50 University Ave E starting at $795 with a $0.72 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.
King Street Towers - Student Living5 Bedroom/ 5 Bath Tower 15BR,5BA$0.85
University Place - 50 University Ave E3 Beds, 1.5 baths3BR,1.5BA$0.72
Fairview Towers2 Bedroom2BR,1.5BA$1.83
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$0.71
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BA$0.75
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BA$0.79
Park PlaceOne Bedroom1BR,1BA$1.80
Gresham Place1 Bedroom1BR,1BA$1.81
931-932 Caledonian Vw1 Bedroom Model1BR,1BA$1.76
61 Roy St1 Bedroom1BR,1BA$1.85

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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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.

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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.

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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!

Explore Kitchener, ON Rentals by Map

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See the most popular apartments and homes in Kitchener, ON

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Frequently Asked Questions about Kitchener

What type of rentals are currently available in Kitchener?

There are currently 907 Apartments for Rent in Kitchener, ON with pricing that ranges from $400 to $5,650. There are also 895 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kitchener ranging from $700 to $6,999.

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 $700 to $6,999 with an average monthly rent of $2,494.

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 $2,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,300. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $732.

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 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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.