
Cheap Homes for Rent in Waterdown, ON from $1,500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Waterdown.


131 Spring Creek Dr

131 Spring Creek Dr

131 Spring Creek Dr

450 Dundas St E

450 Dundas St E
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.

450 Dundas St E

460 Dundas St E

212 Spring Creek Dr

212 Spring Creek Dr

188 Parkside Dr

188 Parkside Dr
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.

263 Burke St

263 Burke St

450 Dundas St E

450 Dundas St E

170 Humphrey St

170 Humphrey St
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.
Waterdown, ON Local Guide
How much does it cost to rent a home in Waterdown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterdown 2 Bedroom Homes for Rent | $2,223 | $1,950 | $2,700 |
| Waterdown 3 Bedroom Homes for Rent | $3,200 | $3,000 | $3,400 |
| Waterdown 4 Bedroom Homes for Rent | $4,333 | $3,950 | $4,550 |
| Waterdown 6 Bedroom Homes for Rent | $6,000 | $5,500 | $6,500 |
Browse Top Homes for Rent in Waterdown
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Waterdown, ON Local Guide
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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 |
Best Value Apartments for Rent in Waterdown, ON
As of May 07, 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 O1 Model at Georgian Court Townhomes starting at $3,070 with a $2.27 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 | O1 | 2BR,1.5BA | $2.27 |
| West Village Suites | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.58 |
| 50 John St W | Two Bedroom | 2BR,1BA | $2.26 |
| Surrey Lane Apartments | 2 Bedroom | 2BR,1BA | $2.23 |
| 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 |
| 150 & 160 Hughson St South | 1 Bed 1 Bath | 1BR,1BA | $2.23 |
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 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!
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See the most popular apartments and homes in Waterdown, ON
Frequently Asked Questions about Waterdown
What type of rentals are currently available in Waterdown?
There are currently 86 Apartments for Rent in Waterdown, ON with pricing that ranges from $1,035 to $8,000. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterdown ranging from $1,550 to $6,500.
What is the current price range for Rental Homes in Waterdown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterdown ranges from $1,550 to $6,500 with an average monthly rent of $3,531.
How much are larger Three and Four Bedroom Rentals in Waterdown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterdown range from $1,415 to $8,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,000 to $3,400. Four Bedroom Single-Family rentals are also available starting from $3,950 and Four Bedroom Apartments start at $1,195.
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.