379-379 Erb St. W
WaterlooONN2L 1W7
Cheap Apartments for Rent in Waterloo, ON from $500 (100 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterloo.
32 Noecker St
WaterlooONN2J 2R4
325 Spruce St
WaterlooONN2L 3M6
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Rent Specials
$750 - $5,7404 to 6 Bedroom Apartments Available Sep 3
King Street Towers
333-339 King St NWaterloo, ON N2J 0C5
271-271 Lester St
WaterlooONN2L 3W6
261 Lester St
WaterlooONN2L 3W6
261-261 Lester St
WaterlooONN2L 3W6
253-253 Lester St
WaterlooONN2L 3W6
251-251 Lester St
WaterlooONN2L 3W6
121 University Ave E
WaterlooONN2J 2W1
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.
50 University Ave E
WaterlooONN2J 2V8
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$795 - $820
Total Monthly Price
3 to 6 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$795 - $820
Total Monthly Price
$795 - $820
University Place - 50 University Ave E
50 University Ave EWaterloo, ON N2J 2V9
253 Lester St
WaterlooONN2L 3W6
392 Albert St
WaterlooONN2L 3V1
251 Lester St
WaterlooONN2L 3W6
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$863
Total Monthly Price
5 Bedroom Apartment Available Sep 1Total Monthly Price
Base Rent
$863
Total Monthly Price
$863
86 University Av W
86 University Av WWaterloo, ON N2L 3C8
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$1,0005 Bedroom Apartment Available Sep 1
295 Lester St
295 Lester StWaterloo, ON N2L 0C1
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Rent Specials
$1,060 - $5,6505 Bedroom Apartments Contact Us For Availability
MyRez on Lester
181 Lester StWaterloo, ON N2L 3W3
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Rent Specials
$1,394 - $2,3141 to 2 Bedroom Apartments Available Now
The HUB - 365 Albert
365 Albert StWaterloo, ON N2L 3V2
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$583 - $7754 to 5 Bedroom Apartments
143 Columbia
143 Columbia St WWaterloo, ON N2L 3L2
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.
158 King St N, Unit 2303
158 King St N
WaterlooONN2J 0E5
158 King St N, Unit 2303
158 King St N
WaterlooONN2J 0E5
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$611 - $8681 to 2 Bedroom Apartments
Spring Village
208 Sunview StWaterloo, ON N2L 3V6
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$675 - $725Studio Apartments
308 Hawthorn St
308 Hawthorn StWaterloo, ON N2L 3N4
166 Elgin Crescent
WaterlooONN2J 2S6
328 Regina St N, Unit 602
328 Regina St N
WaterlooONN2J 0B5
328 Regina St N, Unit 602
328 Regina St N
WaterlooONN2J 0B5
365 Dale Crescent
WaterlooONN2J 3Y6
365 Dale Crescent
WaterlooONN2J 3Y6
166 Elgin Crescent
WaterlooONN2J 2S6
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.
433 Keats Way
WaterlooONN2L 5S7
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$750Studio to 1 Bedroom Apartments
261 Lester St
261 Lester StWaterloo, ON N2L 3W6
433 Keats Way
WaterlooONN2L 5S7
271 Lester St
WaterlooONN2L 3W6
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$785 - $9875 Bedroom Apartments
Linden Village Inc.
203 Lester StWaterloo, ON N2L 0B5
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$795Studio Apartments
253 Lester St
253 Lester StWaterloo, ON N2L 3W6
254 Phillip St, Unit 504
254 Phillip St
WaterlooONN2L 3E9
254 Phillip St, Unit 504
254 Phillip St
WaterlooONN2L 3E9
258B Sunview St
WaterlooONN2L 0H7
258B Sunview St
WaterlooONN2L 0H7
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.
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$8501 Bedroom Apartments
Walnut Village Inc.
202 Lester StWaterloo, ON N2L 3W4
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$8951 to 2 Bedroom Apartments
251 Lester St
251 Lester StWaterloo, ON N2L 3W6
392 Albert St, Unit 302
392 Albert St
WaterlooONN2L 3V1
392 Albert St, Unit 302
392 Albert St
WaterlooONN2L 3V1
29 Marshall St, Unit B
29 Marshall St
WaterlooONN2J 2T3
29 Marshall St, Unit A
29 Marshall St
WaterlooONN2J 2T3
29 Marshall St, Unit B
29 Marshall St
WaterlooONN2J 2T3
29 Marshall St, Unit A
29 Marshall St
WaterlooONN2J 2T3
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$9601 Bedroom Apartments
159 University Ave E
159 University Ave EWaterloo, ON N2J 3S6
158-1158 King St N
WaterlooONN2J 0E5
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.
Showing Results 1-50, Page 1 of 2
Waterloo, ON Local Guide
How much does it cost to rent an apartment in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Waterloo Studio Apartments | $1,420 | $1,200 | $1,545 |
| Cheap Waterloo 1 Bedroom Apartments | $1,724 | $750 | $5,180 |
| Cheap Waterloo 2 Bedroom Apartments | $2,083 | $1,140 | $5,665 |
| Cheap Waterloo 3 Bedroom Apartments | $2,545 | $795 | $6,105 |
| Cheap Waterloo 4 Bedroom Apartments | $1,397 | $750 | $3,620 |
| Waterloo 5 Bedroom Apartments | $1,780 | $575 | $5,650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Waterloo
See all Apartments in WaterlooExplore Waterloo
Waterloo, ON Local Guide
- Waterloo Neighborhoods
- Nearby Cities
Cheapest Neighborhoods for Apartments in Waterloo, ON
Pricing Updated: 07/22/2026Current apartment rentals in the Waterloo, ON area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Waterloo Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Waterloo North East | $2,335 | $600 | 76 |
| Waterloo North West | $2,337 | $575 | 60 |
| Waterloo Uptown | $2,337 | $575 | 69 |
| Waterloo University | $2,340 | $575 | 63 |
Cheapest Available Waterloo Apartments for Rent
The cheapest available apartment rental in Waterloo, ON is a 4 Beds unit found at 143 Columbia in the Waterloo North East neighborhood priced from $583. Spring Village in the Waterloo North East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $611. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 143 Columbia | LpSt2 | 4BR,2BA | $583 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $611 |
| University Place - 50 University Ave E | 6 Beds, 2 baths | 6BR,2BA | $795 |
| Walnut Village Inc. | 1 Bedroom Shared Accommodation | 1BR,1BA | $850 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $1,150 |
| 169 Lancaster Street W, Apartments and Townhouses | 2 Bedroom 1 Bath | 2BR,1BA | $1,219 |
| Mad Mill Apartments | Unit 9 | 1BR,1BA | $1,395 |
| Capitol Hill Apartments | 1 Bed 1 Bath C | 1BR,1BA | $1,405 |
| Mooregate Apartments | Studio, 1 Bathroom | Studio,1BA | $1,415 |
| NUVO - 1442 Highland Road West | Studio | Studio,1BA | $1,425 |
Best Value Apartments for Rent in Waterloo, ON
As of July 22, 2026 the best value apartment in the Waterloo area is the $1.77 price per square foot 3 Bedroom(s) and 1.5 Bathroom(s) Model at Sunnydale in the in the Waterloo North West neighborhood starting from $2,650. The second greatest value Waterloo apartment is the 2 Beds, 1 Baths Model at William Apartments starting at $2,720 with a $2.01 price per square foot in the Waterloo Uptown neighborhood. Here is today’s list of the best values for Waterloo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunnydale | 3 Bedroom(s) and 1.5 Bathroom(s) | 3BR,1.5BA | $1.77 |
| William Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2.01 |
| Beechwood Apartments | 2 Beds, 1.5 baths | 2BR,1.5BA | $1.79 |
| University Place - 50 University Ave E | 3 Beds, 1.5 baths | 3BR,1.5BA | $0.72 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $1.14 |
| Westheights Place | 2 Bedroom Premium | 2BR,1BA | $1.92 |
| Parkside Tower | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.98 |
| 512 Albert St | 2 Bedroom | 2BR,1BA | $1.99 |
| Beacon Tower | One Bedroom | 1BR,1BA | $1.97 |
| 214 York Queen | 1 bedroom | 1BR,1BA | $1.87 |
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.
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Real 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.
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Frequently Asked Questions about Cheap Waterloo Apartments
What is a cheap apartment in Waterloo?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterloo is under $1,425.
What is the price of a cheap apartment in Waterloo?
The cheapest apartment in Waterloo is Spring Village which is listed at $611, while the average apartment in Waterloo costs $2,337.
What types of apartments are the cheapest in Waterloo?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 93 regular apartments in Waterloo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Waterloo?
Cheap apartments in Waterloo have an average cost of $1,066 which is $1,271 cheaper than the average rent for all rentals in Waterloo.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.