
Cheap Apartments for Rent in Waterdown, ON from $1,000 (82 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterdown.


450 Dundas St E

450 Dundas St E

263 Burke St

263 Burke St

Bold Street Apartments

255 King

150 Bay Street South

79-81 Duke St

Corktown Crossing II
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.

150 & 160 Hughson St South

718 Lawrence

2194 King St E

Brock & John

Corktown Crossing I

Wellington Place

233 Mohawk Road East

Bay 200

The Woodlands

38 King Street W
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.

Renaissance Towers

Total Monthly Price
Le Palais & Capital Terrace

75 Carling Street

Total Monthly Price
Glen Terrace Apartments

Blinkbonnie

Market Street Apartments

Grant & Don

Durand Village

Mainwell Apartments

Camelot Towers
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.

Concord Apartments

Total Monthly Price
Burlington Square

Regency on Main

100 Main

Stoney Creek

Hager Creek

Walnut Place

Total Monthly Price
Barkley Towers

157 Pearl

Surrey Lane Apartments
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.

30 Speers Road Apartments

Haldimand Apartments

122 Bronte St S

Parkland Apartments

Marquee Residence

New Street

The Chelsea

The Greystone

1275 Elgin St

700 Ross
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.
Waterdown, ON Local Guide
How much does it cost to rent an apartment in Waterdown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Waterdown Studio Apartments | $1,497 | $1,099 | $1,781 |
| Cheap Waterdown 1 Bedroom Apartments | $1,908 | $1,350 | $2,581 |
| Cheap Waterdown 2 Bedroom Apartments | $2,431 | $1,530 | $3,745 |
| Cheap Waterdown 3 Bedroom Apartments | $2,960 | $1,415 | $4,485 |
| Cheap Waterdown 4 Bedroom Apartments | $3,287 | $1,195 | $5,055 |
Browse Top Apartments in Waterdown
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Waterdown, ON Local Guide
- Nearby Cities
Cheapest Available Waterdown Apartments for Rent
 The cheapest available apartment rental in Waterdown, ON is a Studio unit found at Bold Street Apartments in the Flamborough neighborhood priced from $1,099. 255 King in the Flamborough neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,120. Here is today’s list of the most affordable Waterdown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bold Street Apartments | Bachelor | Studio,1BA | $1,099 |
| 255 King | Bachelor | Studio,1BA | $1,120 |
| 79-81 Duke St | Bachelor | Studio,1BA | $1,371 |
| Corktown Crossing II | 1 Bedroom (Higher Floors) | 1BR,1BA | $1,380 |
| 150 & 160 Hughson St South | 1 Bed 1 Bath | 1BR,1BA | $1,383 |
| 718 Lawrence | 1 Bed, 1 Bath | 1BR,1BA | $1,399 |
| 16 Summit Avenue | 1 Bed 1 Bath | 1BR,1BA | $1,413 |
| Corktown Crossing I | 1 Bedroom (Higher Floors) | 1BR,1BA | $1,420 |
| Wellington Place | Junior 1 Bedroom | 1BR,1BA | $1,430 |
| 233 Mohawk Road East | 1 Bed 1 Bath | 1BR,1BA | $1,436 |
Best Value Apartments for Rent in Waterdown, ON
As of April 30, 2026 the best value apartment in the Waterdown area is the $1.63 price per square foot Three Bedroom with Garage Model at Roundtree Manor in the in the Burlington East neighborhood starting from $3,000. The second greatest value Waterdown apartment is the G1 Model at Georgian Court Townhomes starting at $2,800 with a $2.33 price per square foot in the Aldershot neighborhood. Here is today’s list of the best values for Waterdown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Roundtree Manor | Three Bedroom with Garage | 3BR,1.5BA | $1.63 |
| Georgian Court Townhomes | G1 | 2BR,1.5BA | $2.33 |
| Governers Estate | 2 bedroom | 2BR,1.5BA | $2.34 |
| 38 King Street W | 1 Bed 1 Bath | 1BR,1BA | $1.77 |
| Corktown Crossing II | 2 Bedroom | 2BR,1BA | $2.30 |
| 150 Bay Street South | 2 Beds, 1 Bath | 2BR,1BA | $2.11 |
| 718 Lawrence | 1 Bed, 1 Bath | 1BR,1BA | $2.03 |
| Mainwell Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.33 |
| Durand Village | One Bedroom | 1BR,1BA | $2.33 |
| 150 & 160 Hughson St South | 1 Bed 1 Bath | 1BR,1BA | $2.23 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterdown, ON Rentals by Map
See the most popular apartments and homes in Waterdown, ON
Frequently Asked Questions about Cheap Waterdown Apartments
What is the Cheapest Studio apartment in Waterdown?
Currently the most affordable Cheap Studio Apartment in Waterdown is at Bold Street Apartments listed at $1,099.
How much is rent for a Cheap One Bedroom Waterdown Apartment?
The lowest price for a Cheap One Bedroom Waterdown Apartment is $1,350 at Bold Street Apartments.
What is the lowest price for a Cheap Two Bedroom Waterdown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterdown is starting from $1,585 at 150 Bay Street South.
What is the most affordable Waterdown Three Bedroom Apartment?
The best deal on a cheap Waterdown Three Bedroom Apartment rental is at Tindale & Quigley and starts from $2,274.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.