555 Brookhaven Crescent
WaterlooONN2L 4R6
Cheap Homes for Rent in Waterloo, ON from $600 (36 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.
250 Keats Way
WaterlooONN2L 6J5
43 Dupont St E
WaterlooONN2J 2G8
43 Dupont St E
WaterlooONN2J 2G8
12 Bridgeport Rd E
WaterlooONN2J 2J3
12 Bridgeport Rd E
WaterlooONN2J 2J3
365 Dale Crescent
WaterlooONN2J 3Y6
365 Dale Crescent
WaterlooONN2J 3Y6
58 Bridgeport Rd E
WaterlooONN2J 2J9
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.
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
12 Bridgeport Rd E
WaterlooONN2J 2J3
12 Bridgeport Rd E
WaterlooONN2J 2J3
251 Lester St
WaterlooONN2L 3W6
271 Lester St
WaterlooONN2L 3W6
253 Lester St
WaterlooONN2L 3W6
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.
275 Larch St
WaterlooONN2L 3R2
275 Larch St
WaterlooONN2L 3R2
158-1158 King St N
WaterlooONN2J 0E5
338 Albert St
WaterlooONN2L 0G8
338 Albert St
WaterlooONN2L 0G8
239 Albert St
WaterlooONN2L 0K5
288 Albert St
WaterlooONN2L 0G9
288 Albert St
WaterlooONN2L 0G9
147 Benton St
KitchenerONN2G 3H7
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.
147 Benton St
KitchenerONN2G 3H7
142 Foamflower Pl
WaterlooONN2V 0G9
142 Foamflower Pl
WaterlooONN2V 0G9
608 Woolgrass Ave
WaterlooONN2V 2X8
608 Woolgrass Ave
WaterlooONN2V 2X8
85 Duke St W
KitchenerONN2H 0B7
85 Duke St W
KitchenerONN2H 0B7
690 King St W
KitchenerONN2H 5L8
690 King St W
KitchenerONN2H 5L8
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.
Showing Results 1-36, 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 | $2,038 | $1,250 | $2,900 |
| Waterloo 3 Bedroom Homes for Rent | $2,869 | $600 | $4,950 |
| Waterloo 4 Bedroom Homes for Rent | $2,454 | $750 | $3,600 |
| Waterloo 5 Bedroom Homes for Rent | $3,067 | $650 | $6,200 |
| Waterloo 6 Bedroom Homes for Rent | $725 | $725 | $725 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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: 03/23/2026Current 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 Uptown | $2,225 | $400 | 94 |
| Waterloo North East | $2,320 | $400 | 96 |
| Waterloo North West | $3,400 | $500 | 73 |
| Waterloo University | $3,400 | $575 | 89 |
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 |
| 48 Weber St W | 1 Bedroom | 1BR,1BA | $1,350 |
| 43 Benton St | 1 Bedroom | 1BR,1BA | $1,400 |
| NUVO - 1442 Highland Road West | Studio | Studio,1BA | $1,425 |
| Avenue Apartments | 0 Bedroom, 1 Bathroom | Studio,1BA | $1,425 |
| 214 York Queen | 1 Bed | 1BR,1BA | $1,450 |
| Kings Tower | Studio | Studio,1BA | $1,459 |
| 200 Shakespeare Drive | 0 Bedroom, 1 Bathroom | Studio,1BA | $1,480 |
| Capitol Hill Apartments | 1 Bed 1 Bath I | 1BR,1BA | $1,495 |
Best Value Apartments for Rent in Waterloo, ON
As of March 23, 2026 the best value apartment in the Waterloo area is the $1.67 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 $2,500. The second greatest value Waterloo apartment is the 3 Bed Model at NUVO - 1442 Highland Road West starting at $2,700 with a $1.86 price per square foot in the Kitchener South Central 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 | $1.67 |
| NUVO - 1442 Highland Road West | 3 Bed | 3BR,2BA | $1.86 |
| Queen Margaret I | 2 Bedroom | 2BR,1.5BA | $1.83 |
| University Place - 50 University Ave E | 3 Beds, 1.5 baths | 3BR,1.5BA | $0.72 |
| 11 Devitt Av S | 2 Bedroom | 2BR,1BA | $1.83 |
| 376 Erb St W | 2 Bedroom | 2BR,1BA | $1.89 |
| Park Place | One Bedroom | 1BR,1BA | $1.80 |
| Parkside Tower | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.90 |
| Quiet Place | Two Bedroom | 2BR,1BA | $1.87 |
| 214 York Queen | 1 Bed | 1BR,1BA | $1.87 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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
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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Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 667 Apartments for Rent in Waterloo, ON with pricing that ranges from $400 to $5,740. There are also 598 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $600 to $6,200.
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 $600 to $6,200 with an average monthly rent of $2,055.
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 $2,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $4,950. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $732.
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
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.
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.