Cheap Homes for Rent in Perth South, ON from C$700 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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

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.

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.

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 1 Bed unit found at 520-560 Mornington Avenue priced from C$1,027. The Dorchester has the second lowest priced unit, which is a Studio apartment currently listed from C$1,175. Here is today’s list of the most affordable Perth South apartments for rent:

Apartment ListingModel NameBed/BathPriced From
520-560 Mornington Avenue1 Bedroom1BR,1BAC$1,027
The Dorchester0 Bedroom, 1 BathroomStudio,1BAC$1,175
The Eleanor1 Bed1BR,1BAC$1,199
Kappele Circle25 Kappele Circle - Plan AStudio,1BAC$1,249
Studios on KingBachelorStudio,1BAC$1,250

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

As of September 10, 2025 the best value apartment in the Perth South area is the C$0.90 price per square foot 88 Ontario St Model at 88 Ontario St, Unit 4 in the starting from C$1,900. The second greatest value Perth South 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 Perth South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
88 Ontario St, Unit 488 Ontario St1BR,1BAC$0.90
200 Shakespeare Drive2 Bedroom, 2 Bathroom2BR,2BAC$1.58
Four Seasons3 Bedroom3BR,2BAC$1.89
200 Westfield DrTwo Bedroom Suite2BR,1BAC$1.68
The W London4 Bedroom x 3 Bathroom4BR,3BAC$1.15
232-240 Oakland Avenue2 Bedroom (Type B)2BR,1.5BAC$1.94
Webster ApartmentsRenovated 1 Bedroom1BR,1BAC$1.67
135 Connaught2 Bedroom2BR,1BAC$1.75
Adelaide Towers I - III1 Bedroom1BR,1BAC$1.80
520-560 Mornington Avenue1 Bedroom1BR,1BAC$1.32

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.

decorative image of people with a giant lease agreement

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

Explore Perth South, ON Rentals by Map

View Map
Perth South, ON Apartments Map
View Map
Perth South, ON Rental Homes Map

Frequently Asked Questions about Perth South

What type of rentals are currently available in Perth South?

There are currently 114 Apartments for Rent in Perth South, ON with pricing that ranges from C$909 to C$4,329. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Perth South ranging from C$750 to C$6,000.

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 C$750 to C$6,000 with an average monthly rent of C$1,986.

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 C$1,825 to C$4,329, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$2,200 to C$2,900. Four Bedroom Single-Family rentals are also available starting from C$2,500 and Four Bedroom Apartments start at C$1,039.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.