378 Albert St
WaterlooONN2L 3V1
Cheap Homes for Rent in Waterloo, ON from $500 (50 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.
407 Keats Way
WaterlooONN2L 5S7
330 Phillip St
WaterlooONN2L 3W9
330 Phillip St
WaterlooONN2L 3W9
12 Bridgeport Rd E
WaterlooONN2J 2J3
12 Bridgeport Rd E
WaterlooONN2J 2J3
43 Dupont St E
WaterlooONN2J 2G8
43 Dupont St E
WaterlooONN2J 2G8
271 Lester St
WaterlooONN2L 3W6
16 Marshall St
WaterlooONN2J 2T2
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.
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
158-1158 King St N
WaterlooONN2J 0E5
392 Albert St
WaterlooONN2L 3V1
392 Albert St
WaterlooONN2L 3V1
166 Elgin Crescent
WaterlooONN2J 2S6
166 Elgin Crescent
WaterlooONN2J 2S6
338 Albert St
WaterlooONN2L 0G8
338 Albert St
WaterlooONN2L 0G8
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.
171 Westmeadow Dr
KitchenerONN2N 3P9
171 Westmeadow Dr
KitchenerONN2N 3P9
288 Albert St
WaterlooONN2L 0G9
288 Albert St
WaterlooONN2L 0G9
61 Waterloo St
KitchenerONN2H 3V1
608 Woolgrass Ave
WaterlooONN2V 2X8
608 Woolgrass Ave
WaterlooONN2V 2X8
124 King St N
WaterlooONN2J 2X8
124 King St N
WaterlooONN2J 2X8
181 King St E
KitchenerONN2G 2K8
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.
181 King St E
KitchenerONN2G 2K8
181 King St E
KitchenerONN2G 2K8
181 King St E
KitchenerONN2G 2K8
99 Westwood Dr
KitchenerONN2M 2K7
10 Esson St
KitchenerONN2M 2T9
60 Frederick St
KitchenerONN2H 0C7
60 Frederick St
KitchenerONN2H 0C7
206 Springfield Crescent
WaterlooONN2T 2H9
206 Springfield Crescent
WaterlooONN2T 2H9
433 Guelph St
KitchenerONN2H 5X9
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.
433 Guelph St
KitchenerONN2H 5X9
67 Karen Walk
WaterlooONN2L 5X1
275F Larch St
WaterlooONN2L 0J5
275F Larch St
WaterlooONN2L 0J5
258B Sunview St
WaterlooONN2L 0H7
258B Sunview St
WaterlooONN2L 0H7
843 Brandenburg Blvd
WaterlooONN2T 2X6
843 Brandenburg Blvd
WaterlooONN2T 2X6
275 Larch St
WaterlooONN2L 3R2
275 Larch St
WaterlooONN2L 3R2
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.
Showing Results 1-50, 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 | $2,055 | $600 | $2,999 |
| Waterloo 3 Bedroom Homes for Rent | $2,777 | $1,500 | $4,500 |
| Waterloo 4 Bedroom Homes for Rent | $2,341 | $500 | $3,995 |
| Waterloo 5 Bedroom Homes for Rent | $3,028 | $600 | $5,500 |
| Waterloo 6 Bedroom Homes for Rent | $812 | $725 | $900 |
| Waterloo 7 Bedroom Homes for Rent | $5,250 | $5,250 | $5,250 |
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: 05/08/2026Current 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 | $2,320 | $400 | 165 |
| Waterloo North West | $2,335 | $575 | 111 |
| Waterloo University | $2,340 | $575 | 151 |
| Waterloo Uptown | $2,340 | $400 | 127 |
Cheapest Available Waterloo Apartments for Rent
The cheapest available apartment rental in Waterloo, ON is a 5 Beds unit found at Preston House in the Waterloo North East neighborhood priced from $749. King Street Towers in the Waterloo North East neighborhood has the second lowest priced unit, which is a 6 Beds apartment currently listed from $750. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $749 |
| King Street Towers | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | $750 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $785 |
| University Place - 50 University Ave E | 6 Beds, 2 baths | 6BR,2BA | $795 |
| 185 King St N | 5 Beds, 5 baths | 5BR,5BA | $929 |
| Kings Tower | Studio | Studio,1BA | $1,399 |
| Mooregate Apartments | Studio, 1 Bathroom | Studio,1BA | $1,415 |
| Queen Margaret I | 1 Bedroom | 1BR,1BA | $1,439 |
| 250 Frederick St | Bachelor | Studio,1BA | $1,450 |
| Sage X | Studio | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Waterloo, ON
As of May 08, 2026 the best value apartment in the Waterloo area is the $1.81 price per square foot 3 Bedroom Model at Ivy Three in the in the Waterloo North East neighborhood starting from $3,400. The second greatest value Waterloo apartment is the 3 Beds, 2 baths Model at Ivy Towns starting at $3,150 with a $1.73 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. |
|---|---|---|---|
| Ivy Three | 3 Bedroom | 3BR,3BA | $1.81 |
| Ivy Towns | 3 Beds, 2 baths | 3BR,2BA | $1.73 |
| Sunnydale | 3 Bedroom(s) and 1.5 Bathroom(s) | 3BR,1.5BA | $1.77 |
| William Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.80 |
| King Street Towers | 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 | 5 Bedroom, 5 Bath | 5BR,5BA | $0.74 |
| Bridgeport House | 5 Bedroom, 5 Bath | 5BR,5BA | $0.81 |
| 11 Devitt Av S | 2 Bedroom | 2BR,1BA | $1.73 |
| Queen Margaret I | 1 Bedroom | 1BR,1BA | $1.83 |
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.
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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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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 677 Apartments for Rent in Waterloo, ON with pricing that ranges from $400 to $6,105. There are also 678 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 $2,423.
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 $650 to $6,105, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,500. Four Bedroom Single-Family rentals are also available starting from $500 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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.