
Cheap Apartments for Rent in Waterdown, ON from $950 (93 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterdown.


224 Dundas St E, Unit 224

224 Dundas St E, Unit 224

470 Dundas St E, Unit 404

470 Dundas St E, Unit 404

450 Dundas St E, Unit 603

450 Dundas St E, Unit 603

470 Dundas St E, Unit 109

470 Dundas St E, Unit 109

450 Dundas St E, Unit 503
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

450 Dundas St E, Unit 503

470 Dundas St E, Unit 503

470 Dundas St E, Unit 503

Bold Street Apartments

255 King

Wellington Place

150 Bay Street South

Queen Elizabeth Tower

The Woodlands

Total Monthly Price
2194 & 2200 King Street East
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Corktown Crossing II

718 Lawrence

Brock & John

Corktown Crossing I

Blinkbonnie

150 & 160 Hughson St South

233 Mohawk Road East

Market Street Apartments

75 Carling Street

Haldimand Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

The Renaissance Towers

Stoney Creek

79-81 Duke St

Total Monthly Price
Le Palais & Capital Terrace

157 Pearl

Bay 200

99 York Rd

Concord Apartments

Total Monthly Price
Burlington Square

Durand Village
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.

100 Main

Mainwell Apartments

Grant & Don

Camelot Towers

Surrey Lane Apartments

Regency on Main

Total Monthly Price
Glen Terrace Apartments

38 King Street W

Tindale & Quigley

Aldershot Apartments
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.
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 | $1,415 | $950 | $1,782 |
| Cheap Waterdown 1 Bedroom Apartments | $1,791 | $1,225 | $2,450 |
| Cheap Waterdown 2 Bedroom Apartments | $2,233 | $1,549 | $3,295 |
| Cheap Waterdown 3 Bedroom Apartments | $2,849 | $1,415 | $8,000 |
| Cheap Waterdown 4 Bedroom Apartments | $2,124 | $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 $950. 255 King in the Flamborough neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,199. Here is today’s list of the most affordable Waterdown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bold Street Apartments | Junior Bachelor | Studio,1BA | $950 |
| 255 King | Bachelor | Studio,1BA | $1,199 |
| 150 Bay Street South | 1 Bed, 1 Bath | 1BR,1BA | $1,306 |
| The Woodlands | One Bedroom | 1BR,1BA | $1,349 |
| 2194 & 2200 King Street East | 1 Bed, 1 Bath | 1BR,1BA | $1,359 |
| Corktown Crossing II | 1 Bedroom (Higher Floors) | 1BR,1BA | $1,380 |
| 718 Lawrence | 1 Bed, 1 Bath | 1BR,1BA | $1,399 |
| Corktown Crossing I | 1 Bedroom (Higher Floors) | 1BR,1BA | $1,420 |
| Blinkbonnie | 1 Bedroom | 1BR,1BA | $1,420 |
| Wellington Place | 1 Bedroom | 1BR,1BA | $1,430 |
Best Value Apartments for Rent in Waterdown, ON
As of September 13, 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 $2,805 with a $2.08 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 | $2.08 |
| West Village Suites | 4 Bedroom, 2.5 Bathroom | 4BR,2.5BA | $1.21 |
| Durand Village | Two Bedroom | 2BR,1BA | $2.09 |
| 38 King Street W | 2 Bed 1 Bath | 2BR,1BA | $1.77 |
| Bay 200 | 2 Bedroom | 2BR,2BA | $2.06 |
| Corktown Crossing II | 2 Bedroom | 2BR,1BA | $2.18 |
| Corktown Crossing I | 2 Bedroom | 2BR,1BA | $2.23 |
| 99 York Rd | 2 Bedroom | 2BR,1BA | $2.17 |
| Blinkbonnie | 1 Bedroom | 1BR,1BA | $2.22 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleReal 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.
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 $950.
How much is rent for a Cheap One Bedroom Waterdown Apartment?
The lowest price for a Cheap One Bedroom Waterdown Apartment is $1,225 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 $1,549 at The Woodlands.
What is the most affordable Waterdown Three Bedroom Apartment?
The best deal on a cheap Waterdown Three Bedroom Apartment rental is at The Woodlands and starts from $2,079.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.