250 Keats Way
WaterlooONN2L 6J5
Cheap Homes for Rent in Waterloo, ON from C$600 (25 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.
365 Dale Crescent
WaterlooONN2J 3Y6
38 Noecker St
WaterlooONN2J 2R4
392 Albert St
WaterlooONN2L 3V1
58 Bridgeport Rd E
WaterlooONN2J 2J9
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.
251 Lester St
WaterlooONN2L 3W6
271 Lester St
WaterlooONN2L 3W6
49 Columbia St W
WaterlooONN2L 3K4
81 Columbia St W
WaterlooONN2L 3K7
188 King St N
WaterlooONN2J 2Y5
30 Cameron St N
KitchenerONN2H 3A1
8 Hickory St W
WaterlooONN2L 3H6
158 King St N
WaterlooONN2J 0E5
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.
502 Chablis Dr
WaterlooONN2T 2X8
58 Water St N
KitchenerONN2H 5A8
72 Ingleside Dr
KitchenerONN2M 2G8
99 Westwood Dr
KitchenerONN2M 2K7
3 Colyer Pl
KitchenerONN2K 4E3
181 King St E
KitchenerONN2G 2K8
105-105 Church St
KitchenerONN2G 2S3
105-105 Church St
KitchenerONN2G 2S3
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.
181 King St E
KitchenerONN2G 2K8
326 Victoria St S
KitchenerONN2M 3A3
54 Austin Dr
WaterlooONN2L 3Y3
410 Hazel St
WaterlooONN2L 3P8
Showing Results 1-25, 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 | C$2,163 | C$700 | C$2,950 |
| Waterloo 3 Bedroom Homes for Rent | C$2,761 | C$1,900 | C$3,995 |
| Waterloo 4 Bedroom Homes for Rent | C$3,206 | C$2,750 | C$3,995 |
| Waterloo 5 Bedroom Homes for Rent | C$2,424 | C$750 | C$4,000 |
Browse Top Homes for Rent in Waterloo
Explore Waterloo
Waterloo, ON Local Guide
- Waterloo Neighborhoods
- Nearby Cities
Cheapest Neighborhoods for Apartments in Waterloo, ON
Pricing Updated: 06/04/2025Current 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 | C$3,250 | C$700 | 72 |
| Waterloo North West | C$3,325 | C$600 | 84 |
| Waterloo University | C$3,995 | C$600 | 57 |
| Waterloo Uptown | C$3,995 | C$600 | 95 |
Cheapest Available Waterloo Apartments for Rent
The cheapest available apartment rental in Waterloo, ON is a 6 Beds unit found at University Place - 50 University Ave E in the Kitchener North West neighborhood priced from C$670. King Street Towers in the Waterloo North East neighborhood has the second lowest priced unit, which is a 6 Beds apartment currently listed from C$730. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Place - 50 University Ave E | 6 Beds, 2 baths | 6BR,2BA | C$670 |
| King Street Towers | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | C$730 |
| 253 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$795 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | C$968 |
| Fergus House | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1,350 |
Best Value Apartments for Rent in Waterloo, ON
As of June 04, 2025 the best value apartment in the Waterloo area is the C$2.04 price per square foot 4 Bedroom Townhouse Model at Sunnydale in the in the Waterloo North West neighborhood starting from C$2,850. The second greatest value Waterloo apartment is the 2 Beds, 1 Baths Model at William Apartments starting at C$2,495 with a C$1.85 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 | 4 Bedroom Townhouse | 4BR,2BA | C$2.04 |
| William Apartments | 2 Beds, 1 Baths | 2BR,1BA | C$1.85 |
| 520 Parkside Dr | Three Bedroom Apartment | 3BR,1.5BA | C$1.94 |
| Westheights Place | 2 Bedroom Premium | 2BR,1BA | C$1.92 |
| Fergus House | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.37 |
| University Place - 50 University Ave E | 2 Beds, 1 bath | 2BR,1BA | C$0.69 |
| Hespeler House | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.49 |
| 250 Frederick St | One Bedroom | 1BR,1BA | C$2.00 |
| Queen Margaret I | 1 Bedroom | 1BR,1BA | C$2.21 |
| Davenport Apartments | 1 Bedroom | 1BR,1BA | C$2.27 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 646 Apartments for Rent in Waterloo, ON with pricing that ranges from C$575 to C$6,125. There are also 248 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from C$600 to C$5,000.
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 C$600 to C$5,000 with an average monthly rent of C$2,714.
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 C$670 to C$3,735, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$1,900 to C$3,995. Four Bedroom Single-Family rentals are also available starting from C$2,750 and Four Bedroom Apartments start at C$670.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.