
5 Bedroom Apartments for Rent in Waterloo, ON (44 Rentals)


MyRez On Lester - Student Living

King Street Towers - Student Living

271-271 Lester St
The 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.

253-253 Lester 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.
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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Waterloo, ON Local Guide
How much does it cost to rent an apartment in Waterloo?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waterloo Studio Apartments | C$1,031 | C$750 | C$1,550 |
Waterloo 1 Bedroom Apartments | C$2,004 | C$575 | C$2,949 |
Waterloo 2 Bedroom Apartments | C$2,323 | C$1,350 | C$4,505 |
Waterloo 3 Bedroom Apartments | C$3,211 | C$2,050 | C$4,365 |
Waterloo 4 Bedroom Apartments | C$2,912 | C$830 | C$5,400 |
Waterloo 5 Bedroom Apartments | C$3,485 | C$750 | C$6,450 |
Browse Top Apartments in Waterloo
See all Apartments in WaterlooExplore Waterloo
Waterloo, ON Local Guide
- Waterloo Neighborhoods
- Nearby Cities
Largest Available Waterloo 5 Bedroom Apartments
The largest available 5 Bedroom apartment unit in Waterloo, ON is found at MyRez On Lester - Student Living in the Waterloo North East neighborhood and is 1,763 square feet priced from C$1,290. The Marq has the second largest 5 Bedroom, which is sized at 1,509 square feet and currently listed start at C$1. Here is today’s list of the largest available 5 Bedroom units in Waterloo:
Apartment Listing | Model Name | Square Footage | Priced From |
---|---|---|---|
MyRez On Lester - Student Living | 5 Bedroom, 4 Bath | 1,763 Sq Ft | C$1,290 |
The Marq | 1 Room in a 5 Bedroom (Immedaite) | 1,509 Sq Ft | Call for Rates |
King Street Towers - Student Living | 5 Bedroom/ 5 Bath Tower 2 | 1,375 Sq Ft | C$1,195 |
Preston House - Student Living | 5 Bedroom, 5 Bath | 1,007 Sq Ft | C$1,280 |
The MARQ | 1 Room in a 5 Bedroom | 1,000 Sq Ft | Call for Rates |
The MARQ Waterloo at 345 King Street North | 1 Room in a 5 Bedroom Immediate (12 Months) | 1,000 Sq Ft | C$599 |
Cheapest Available Waterloo 5 Bedroom Apartments
As of September 08, 2025 the lowest priced 5 Bedroom apartment unit in Waterloo, ON is the 1 Room in a 5 Bedroom Immediate (12 Months) Model starting from C$599 at The MARQ Waterloo at 345 King Street North in the Waterloo North East neighborhood. The second most affordable Waterloo 5 Bedroom is the 5 Bedroom/ 5 Bath Tower 2 Model at King Street Towers - Student Living starting at C$1,195 . The average price for all 5 Bedroom apartments in Waterloo is currently C$3,485. Here is today’s list of the cheapest available 5 Bedroom options in Waterloo:
Apartment Listing | Model Name | Priced From |
---|---|---|
The MARQ Waterloo at 345 King Street North | 1 Room in a 5 Bedroom Immediate (12 Months) | C$599 |
King Street Towers - Student Living | 5 Bedroom/ 5 Bath Tower 2 | C$1,195 |
MyRez On Lester - Student Living | 5 Bedroom, 2.5 Bath | C$1,225 |
Preston House - Student Living | 5 Bedroom, 5 Bath | C$1,280 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterloo, ON Rentals by Map
See the most popular apartments and homes in Waterloo, ON
Frequently Asked Questions about Waterloo
What is the current price range for One Bedroom Waterloo Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Waterloo ranges from C$575 to C$2,949 with an average monthly rent of C$2,004.
What does renting a Two Bedroom Apartment in Waterloo cost?
The monthly rent prices of Two Bedroom Apartments currently available in Waterloo range from C$1,350 to C$4,505. Today's average rental price for Two Bedrooms here is C$2,323.
How expensive are Waterloo Three Bedroom Apartments?
There are currently 92 Three Bedroom Apartments listings available in Waterloo on ApartmentHomeLiving.com. The pricing ranges from C$2,050 to C$4,365 - averaging C$3,211 for the location.
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.

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.

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.

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.

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.