12 Bridgeport Rd E
WaterlooONN2J 2J3
Cheap Homes for Rent in Waterloo, ON from $700 (44 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.
58 Bridgeport Rd E
WaterlooONN2J 2J9
43 Dupont St E
WaterlooONN2J 2G8
770 Brandenburg Blvd
WaterlooONN2T 2X1
250 Keats Way
WaterlooONN2L 6J5
378 Albert St
WaterlooONN2L 3V1
253 Lester St
WaterlooONN2L 3W6
271 Lester St
WaterlooONN2L 3W6
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.
251 Lester St
WaterlooONN2L 3W6
261 Lester St
WaterlooONN2L 3W6
770 Brandenburg Blvd
WaterlooONN2T 2X1
109 Bruce St
KitchenerONN2B 1Y9
275 Larch St
WaterlooONN2L 3R2
288 Albert St
WaterlooONN2L 0G9
235 Raspberry Pl
WaterlooONN2V 0H3
62 Balsam St
WaterlooONN2L 3H2
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
62 Balsam St
WaterlooONN2L 3H2
62 Balsam St
WaterlooONN2L 3H2
40 Shanley St
KitchenerONN2H 5N9
779 Angler Way
WaterlooONN2K 4L7
41 Mill St
KitchenerONN2G 2Y2
41 Mill St
KitchenerONN2G 2Y2
683-B Wild Ginger Ave
WaterlooONN2V 2T2
303 Oprington Pl
KitchenerONN2N 3P3
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.
233 Benesfort Cres
KitchenerONN2N 3B5
129 Hazelglen Dr
KitchenerONN2M 2E6
66 Union St E
WaterlooONN2J 1C2
66 Union St E
WaterlooONN2J 1C2
181 King St E
KitchenerONN2G 2K8
108 Garment St
KitchenerONN2G 0E2
45 Bond St
KitchenerONN2H 4S4
34 Weichel St
KitchenerONN2M 2A6
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.
31 Weichel St
KitchenerONN2M 2A7
347 Canada Plum St
WaterlooONN2V 0H9
347 Canada Plum St
WaterlooONN2V 0H9
31 Mill St
KitchenerONN2G 2Y3
406 Tamarack Dr
WaterlooONN2L 4G6
60 Frederick St
KitchenerONN2H 0C7
10 Esson St
KitchenerONN2M 2T9
25 Wellington St S
KitchenerONN2G 0G5
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.
736 Old Albert St
WaterlooONN2L 6R4
25 Krug St
KitchenerONN2H 2X4
60 Frederick St
KitchenerONN2H 0C7
99 Westwood Dr
KitchenerONN2M 2K7
Showing Results 1-44, Page 1 of 1
Waterloo, ON Local Guide
How much does it cost to rent a home in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo 2 Bedroom Homes for Rent | $2,174 | $1,499 | $3,650 |
| Waterloo 3 Bedroom Homes for Rent | $2,675 | $1,750 | $4,950 |
| Waterloo 4 Bedroom Homes for Rent | $2,634 | $800 | $4,400 |
| Waterloo 5 Bedroom Homes for Rent | $2,230 | $800 | $4,500 |
| Waterloo 6 Bedroom Homes for Rent | $2,612 | $725 | $4,500 |
Browse Top Homes for Rent in Waterloo
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Waterloo, ON Local Guide
- Waterloo Neighborhoods
- Nearby Cities
Cheapest Neighborhoods for Apartments in Waterloo, ON
Pricing Updated: 01/26/2026Current 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 | $2,185 | $700 | 84 |
| Waterloo Uptown | $2,210 | $575 | 72 |
| Waterloo North West | $2,285 | $575 | 84 |
| Waterloo University | $2,326 | $575 | 81 |
Cheapest Available Waterloo Apartments for Rent
The cheapest available apartment rental in Waterloo, ON is a 1 Bed unit found at Spring Village in the Waterloo North East neighborhood priced from $785. University Place - 50 University Ave E in the Waterloo North East neighborhood has the second lowest priced unit, which is a 6 Beds apartment currently listed from $795. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $785 |
| University Place - 50 University Ave E | 6 Beds, 2 baths | 6BR,2BA | $795 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $1,050 |
| King Street Towers - Student Living | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | $1,060 |
| 308 King | 1 Bedroom 1 Den 1 Bathroom | 2BR,1BA | $1,213 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1,271 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1,285 |
| Avenue Apartments | 0 Bedroom, 1 Bathroom | Studio,1BA | $1,425 |
| Huntington Place | 1 Bedroom | 1BR,1BA | $1,449 |
| Kings Tower | Studio | Studio,1BA | $1,459 |
Best Value Apartments for Rent in Waterloo, ON
As of January 27, 2026 the best value apartment in the Waterloo area is the $1.73 price per square foot 3 Beds, 2 baths Model at Ivy Towns in the in the Waterloo North East neighborhood starting from $3,150. The second greatest value Waterloo apartment is the 3 Bedroom(s) and 1.5 Bathroom(s) Model at Sunnydale starting at $2,500 with a $1.67 price per square foot in the Waterloo North West 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. |
|---|---|---|---|
| Ivy Towns | 3 Beds, 2 baths | 3BR,2BA | $1.73 |
| Sunnydale | 3 Bedroom(s) and 1.5 Bathroom(s) | 3BR,1.5BA | $1.67 |
| William Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.79 |
| King Street Towers - Student Living | 5 Bedroom/ 5 Bath Tower 1 | 5BR,5BA | $0.85 |
| University Place - 50 University Ave E | 3 Beds, 1.5 baths | 3BR,1.5BA | $0.72 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $1.04 |
| Bridgeport House | 5 Bedroom, 5 Bath | 5BR,5BA | $0.82 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1.31 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1.38 |
| Park Place | One Bedroom | 1BR,1BA | $1.82 |
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 Article
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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See the most popular apartments and homes in Waterloo, ON
Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 653 Apartments for Rent in Waterloo, ON with pricing that ranges from $575 to $5,650. There are also 324 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $725 to $4,950.
What is the current price range for Rental Homes in Waterloo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterloo ranges from $725 to $4,950 with an average monthly rent of $2,221.
How much are larger Three and Four Bedroom Rentals in Waterloo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterloo range from $795 to $2,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $4,950. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $795.
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
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.