38 Noecker St
WaterlooONN2J 2R4
Cheap Homes for Rent in Waterloo, ON from C$700 (22 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.
251 Lester St
WaterlooONN2L 3W6
58 Bridgeport Rd E
WaterlooONN2J 2J9
271 Lester St
WaterlooONN2L 3W6
43 Sorrel Pl
WaterlooONN2L 4H2
43 Sorrel Pl
WaterlooONN2L 4H2
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.
81 Columbia St W
WaterlooONN2L 3K7
188 King St N
WaterlooONN2J 2Y5
91-91 Westmount Rd N
WaterlooONN2L 2R7
91 Westmount Rd N
WaterlooONN2L 2R7
8 Hickory St W
WaterlooONN2L 3H6
158-1158 King St N
WaterlooONN2J 0E5
1148 Queen's Blvd
KitchenerONN2M 1C2
181 King St E
KitchenerONN2G 2K8
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.
502 Chablis Dr
WaterlooONN2T 2X8
117 Markwood Dr
KitchenerONN2M 2H3
473 Avens St
WaterlooONN2J 3Z4
101 Church St
KitchenerONN2G 2S3
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.
101-101 Church St
KitchenerONN2G 2S3
25 St Leger St
KitchenerONN2H 4L8
741-741 King St W
KitchenerONN2G 4K9
24 McGarry Dr
KitchenerONN2N 1A2
Showing Results 1-22, 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$2,213 | C$899 | C$4,505 |
| Waterloo 3 Bedroom Homes for Rent | C$2,642 | C$950 | C$3,400 |
| Waterloo 4 Bedroom Homes for Rent | C$3,531 | C$2,750 | C$6,000 |
| Waterloo 5 Bedroom Homes for Rent | C$3,670 | C$1,050 | C$5,500 |
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: 07/26/2025Current 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 Uptown | C$2,355 | C$575 | 73 |
| Waterloo North West | C$3,607 | C$575 | 96 |
| Waterloo North East | C$4,365 | C$670 | 80 |
| Waterloo University | C$4,365 | C$575 | 94 |
Cheapest Available Waterloo Apartments for Rent
The cheapest available apartment rental in Waterloo, ON is a 4 Beds unit found at University Place - 50 University Ave E in the Waterloo North East neighborhood priced from C$670. 261 Lester St in the Waterloo North East neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from C$750. 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 | 4 Beds, 1.5 baths | 4BR,1BA | C$670 |
| 261 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$750 |
| 253 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$795 |
| King Street Towers - Student Living | 4 Bedroom/ 3 Bath | 4BR,3BA | C$830 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | C$973 |
Best Value Apartments for Rent in Waterloo, ON
As of July 26, 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 Bedroom, 1 Bathroom Model at Avenue Apartments starting at C$2,315 with a C$1.81 price per square foot in the Waterloo North East 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 |
| Avenue Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | C$1.81 |
| William Apartments | 2 Beds, 1 Baths | 2BR,1BA | C$1.98 |
| University Place - 50 University Ave E | 4 Beds, 1.5 baths | 4BR,1.5BA | C$0.54 |
| 250 Frederick St | Two Bedroom | 2BR,1BA | C$1.73 |
| Beacon Tower | Two Bedroom | 2BR,1BA | C$2.15 |
| Richmond Square | 2 Bedroom(s) and 2 Bathroom(s) | 2BR,2BA | C$2.01 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.37 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.46 |
| Westheights Place | 1 Bedroom Premium | 1BR,1BA | C$2.15 |
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 644 Apartments for Rent in Waterloo, ON with pricing that ranges from C$575 to C$6,450. There are also 277 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from C$700 to C$6,000.
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$700 to C$6,000 with an average monthly rent of C$2,902.
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$2,050 to C$4,365, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$950 to C$3,400. 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.