Cheap Gated Apartments for Rent in Waterloo, ON from $575 (33 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waterloo.

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.

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143 Columbia
$590 - $7754 to 5 Bedroom Apartments

143 Columbia

143 Columbia St WWaterloo, ON N2L 3L2
Furnished
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311 Batavia Pl
$1,150 - $2,1001 to 2 Bedroom Apartments

311 Batavia Pl

311 Batavia PlWaterloo, ON N2L 3W1
Student Housing
  • Utilities Included
  • Smoke Free
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67 Milford Ave
$1,299Studio Apartments

67 Milford Ave

67 Milford AveWaterloo, ON N2L 3Z4
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Uptown Apartments
$1,349 - $1,5491 to 2 Bedroom Apartments

Uptown Apartments

154 Erb St EWaterloo, ON N2J 1M4
  • Utilities Included
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430 Hazel St
$1,5001 Bedroom Apartments

430 Hazel St

430 Hazel StWaterloo, ON N2L 3P7
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228 Albert St
$1,511 - $2,7001 to 2 Bedroom Apartments

228 Albert St

228 Albert StWaterloo, ON N2L 3T6
Furnished
  • Utilities Included
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434 Hazel St
$1,550 - $1,6501 Bedroom Apartments

434 Hazel St

434 Hazel StWaterloo, ON N2L 3P7
Student Housing

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.

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Sage Platinum
$1,575 - $1,775Studio to 1 Bedroom Apartments

Sage Platinum

250 Albert StWaterloo, ON N2L 3T6
Furnished
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170 Weber St N
$1,6001 Bedroom Apartments

170 Weber St N

170 Weber St NWaterloo, ON N2J 3H1
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Queen Margaret II
$1,549 - $1,9491 to 2 Bedroom Apartments Available Now

Queen Margaret II

100 Queen St NKitchener, ON N2H 2H6
Transit Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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Duke Street Manor
$875 - $1,800Studio to 2 Bedroom Apartments

Duke Street Manor

156 Duke St WKitchener, ON N2H 3W7
  • Utilities Included
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Royal & Wales Apartments
$1,399 - $1,449Studio to 3 Bedroom Apartments

Royal & Wales Apartments

46-56 College StKitchener, ON N2H 5A1
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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.

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136 E Weber St
$1,4501 to 2 Bedroom Apartments

136 E Weber St

136 E Weber StKitchener, ON N2H 1C9
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301 Westmount Rd W
$1,457 - $1,749Studio to 2 Bedroom Apartments

301 Westmount Rd W

301 Westmount Rd WKitchener, ON N2M 0C4
Student Housing
  • Utilities Included
  • Smoke Free
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43 Montrose Ave
$1,4701 to 2 Bedroom Apartments

43 Montrose Ave

43 Montrose AveKitchener, ON N2M 1Y1
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250 Frederick St
$1,516 - $1,850Studio to 2 Bedroom Apartments

250 Frederick St

250 Frederick StKitchener, ON N2H 2N1
  • Utilities Included
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81 Westwood Dr
$1,525 - $1,5501 to 2 Bedroom Apartments

81 Westwood Dr

81 Westwood DrKitchener, ON N2M 2K5
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Cherry Hill Suites
$1,557 - $2,013Studio to 3 Bedroom Apartments

Cherry Hill Suites

36 Talbot StKitchener, ON N2M 2A9
Senior Living
  • Utilities Included
  • Smoke Free
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Union Brownstones
$1,599Studio to 1 Bedroom Apartments

Union Brownstones

80-82 Union BlvdKitchener, ON N2G 2K2
  • Utilities Included
  • Smoke Free

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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Huntington Place
$1,599 - $1,8491 to 2 Bedroom Apartments

Huntington Place

24 Brybeck CresKitchener, ON N2M 2C6
  • Utilities Included

Waterloo, ON Local Guide

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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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.

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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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $1,404.

What is the price of a cheap apartment in Waterloo?

The cheapest apartment in Waterloo is Walnut Village Inc. which is listed at $599, while the average apartment in Waterloo costs $1,767.

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 162 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 $969 which is $798 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

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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.

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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.

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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.

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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.