
Cheap 3 Bedroom Apartments for Rent in the Waterloo North East Neighborhood of Waterloo, ON from $795 (1 Rental)

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.
Waterloo North East, Waterloo, ON Local Guide

How much does it cost to rent an apartment in Waterloo North East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo North East Studio Apartments | $1,475 | $1,475 | $1,475 |
| Waterloo North East 1 Bedroom Apartments | $2,117 | $400 | $2,650 |
| Waterloo North East 2 Bedroom Apartments | $2,237 | $1,240 | $4,400 |
Waterloo North East 3 Bedroom Apartments | $1,969 | $795 | $2,485 |
| Waterloo North East 4 Bedroom Apartments | $1,473 | $750 | $3,620 |
| Waterloo North East 5 Bedroom Apartments | $2,312 | $717 | $5,650 |
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Frequently Asked Questions about Cheap Waterloo North East Apartments
What is the price of a cheap apartment in Waterloo North East?
The cheapest apartment in Waterloo North East is University Place - 50 University Ave E which is listed at $795, while the average apartment in Waterloo North East costs $2,322.
What types of apartments are the cheapest in Waterloo North East?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 49 regular apartments in Waterloo North East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Waterloo North East?
Cheap apartments in Waterloo North East have an average cost of $1,564 which is $758 cheaper than the average rent for all rentals in Waterloo North East.
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

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.

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.