Cheap Homes for Rent in Perth South, ON from $500 (12 Rentals)

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

property at 407 Keats Way

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

5 Bedroom, 2.5 Bath Townhome for Rent

Available Now

407 Keats Way

WaterlooONN2L 5S7
property at 6 Heathcote Av

$725

Total Monthly Price

Total Monthly Price

Base Rent
$725

Total Monthly Price
$725

1 Bedroom, 1 Bath Home for Rent

Available Now

6 Heathcote Av

LondonONN6G 1V2
property at 271 Lester St

$750

5 Bedroom Rentals

Available Now

271 Lester St

WaterlooONN2L 3W6
property at 32 Mackay Av

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

Studio, 1 Bath Condo for Rent

Available Now

32 Mackay Av

LondonONN6J 2T9

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 908 Magdalena Crt

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

1 Bedroom, 1 Bath Home for Rent

Available Now

908 Magdalena Crt

KitchenerONN2E 0B3
property at 520 Egerton St

$1,500 - $1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,900

Total Monthly Price
$1,500 - $1,900

1 To 3 Bedroom Condos for Rent

Available Now

520 Egerton St

LondonONN5W 3Z7
property at 516 Charlotte St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Condo for Rent

Available Now

516 Charlotte St

LondonONN5W 4A4

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.

Perth South, ON Local Guide

Cheapest Available Perth South Apartments for Rent and Nearby

 

The cheapest available apartment rental in Perth South, ON is a Studio unit found at The Eleanor priced from $1,049. Revo on King St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Perth South apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The EleanorBachelorStudio,1BA$1,049
Revo on King StOne Bedroom1BR,1BA$1,100
Blossom GateStudioStudio,1BA$1,100
Studios on KingBachelorStudio,1BA$1,150
1025 King St E1 Bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Perth South, ON and Nearby

As of June 21, 2026 the best value apartment in the Perth South area is the $1.61 price per square foot 1C Model at 520 Talbot Street in the starting from $1,999. The second greatest value Perth South apartment is the The Lily Model at 695 Proudfoot Lane starting at $1,749 with a $1.50 price per square foot . Here is today’s list of the best values for Perth South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
520 Talbot Street1C1BR,1BA$1.61
695 Proudfoot LaneThe Lily2BR,1.5BA$1.50
Cinque ApartmentsTwo Bed – 03 Style2BR,1BA$1.63
The W London4 Bedroom x 3 Bathroom4BR,3BA$0.93
1560, 1570, 1580 Adelaide Street North2 Bedroom2BR,1BA$1.71
Oakland Avenue2 Bedroom (Type B)2BR,1BA$1.73
South Grand Apartments2 Bedroom2BR,1BA$1.63
543 Mornington Avenue & 135 Connaught Avenue2 Bedroom2BR,1BA$1.68
520-560 Mornington Avenue1 Bedroom1BR,1BA$1.66
Ridout Towers1 Bedroom1BR,1BA$1.62

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

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Frequently Asked Questions about Perth South

What type of rentals are currently available in Perth South?

There are currently 121 Apartments for Rent in Perth South, ON with pricing that ranges from $799 to $3,895. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Perth South ranging from $500 to $3,500.

What is the current price range for Rental Homes in Perth South?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Perth South ranges from $500 to $3,500 with an average monthly rent of $1,798.

How much are larger Three and Four Bedroom Rentals in Perth South?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Perth South range from $1,625 to $3,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $929.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.