407 Keats Way
WaterlooONN2L 5S7
Cheap Homes for Rent in Waterloo, ON from $500 (30 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.
158 King St N
WaterlooONN2J 0E5
158 King St N
WaterlooONN2J 0E5
38 Noecker St
WaterlooONN2J 2R4
38 Noecker St
WaterlooONN2J 2R4
166 Elgin Crescent
WaterlooONN2J 2S6
166 Elgin Crescent
WaterlooONN2J 2S6
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.
43 Dupont St E
WaterlooONN2J 2G8
43 Dupont St E
WaterlooONN2J 2G8
119 University Av E
WaterlooONN2J 2W1
271 Lester St
WaterlooONN2L 3W6
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
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
392 Albert St
WaterlooONN2L 3V1
392 Albert St
WaterlooONN2L 3V1
288 Albert St
WaterlooONN2L 0G9
288 Albert St
WaterlooONN2L 0G9
124 King St N
WaterlooONN2J 2X8
124 King St N
WaterlooONN2J 2X8
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.
61 Waterloo St
KitchenerONN2H 3V1
61 Waterloo St
KitchenerONN2H 3V1
61 Waterloo St
KitchenerONN2H 3V1
61 Waterloo St
KitchenerONN2H 3V1
1230 Queen's Blvd
KitchenerONN2M 1C3
275 Larch St
WaterlooONN2L 3R2
275 Larch St
WaterlooONN2L 3R2
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.
608 Woolgrass Ave
WaterlooONN2V 2X8
608 Woolgrass Ave
WaterlooONN2V 2X8
Showing Results 1-30, 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 | $2,134 | $1,250 | $3,650 |
| Waterloo 3 Bedroom Homes for Rent | $2,694 | $1,599 | $3,750 |
| Waterloo 4 Bedroom Homes for Rent | $2,455 | $805 | $3,995 |
| Waterloo 5 Bedroom Homes for Rent | $2,905 | $500 | $5,500 |
| Waterloo 6 Bedroom Homes for Rent | $745 | $745 | $745 |
| Waterloo 7 Bedroom Homes for Rent | $4,600 | $4,600 | $4,600 |
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: 06/22/2026Current 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 West | $2,340 | $575 | 71 |
| Waterloo Uptown | $2,340 | $500 | 73 |
| Waterloo North East | $2,390 | $500 | 81 |
| Waterloo University | $2,399 | $575 | 70 |
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 |
| 43 Benton St | Bachelor | Studio,1BA | $1,100 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $1,150 |
| Mooregate Apartments | Studio, 1 Bathroom | Studio,1BA | $1,415 |
| NUVO - 1442 Highland Road West | Studio | Studio,1BA | $1,425 |
| Westwood Garden Apartments | Studio | Studio,1BA | $1,449 |
| 214 York Queen | 1 Bed | 1BR,1BA | $1,450 |
| Avenue Apartments | Studio, 1 Bathroom | Studio,1BA | $1,475 |
| Capitol Hill Apartments | 1 Bed 1 Bath C | 1BR,1BA | $1,480 |
Best Value Apartments for Rent in Waterloo, ON
As of June 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, 1.5 baths Model at Beechwood Apartments starting at $1,995 with a $1.79 price per square foot in the Kitchener South 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. |
|---|---|---|---|
| Sunnydale | 3 Bedroom(s) and 1.5 Bathroom(s) | 3BR,1.5BA | $1.77 |
| 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 |
| 11 Devitt Av S | 2 Bedroom | 2BR,1BA | $1.73 |
| 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 Bed | 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.
Read Article
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.
Read ArticleQuick Rent Budget Calculator
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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 678 Apartments for Rent in Waterloo, ON with pricing that ranges from $500 to $6,105. There are also 873 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $500 to $5,500.
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 $500 to $5,500 with an average monthly rent of $2,353.
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 $6,105, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,599 to $3,750. Four Bedroom Single-Family rentals are also available starting from $805 and Four Bedroom Apartments start at $750.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.