251-251 Lester St
WaterlooONN2L 3W6
Cheap Apartments for Rent in the Waterloo North East Neighborhood of Waterloo, ON from $600 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo North East area of Waterloo.
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Rent Specials
$750 - $1,2004 to 6 Bedroom Apartments Available Now
King Street Towers - Student Living
333-339 King St NWaterloo, ON N2J 0C5
253-253 Lester St
WaterlooONN2L 3W6
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$795 - $8203 to 6 Bedroom Apartments Available Now
University Place - 50 University Ave E
50 University Ave EWaterloo, ON N2J 2V9
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$8635 Bedroom Apartment Available Sep 1
86 University Av W
86 University Av WWaterloo, ON N2L 3C8
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.
271-271 Lester St
WaterlooONN2L 3W6
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$1,0005 Bedroom Apartment Available Sep 1
295 Lester St
295 Lester StWaterloo, ON N2L 0C1
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Rent Specials
$1,060 - $5,6505 Bedroom Apartments Available Sep 1
MyRez On Lester - Student Living
181 Lester StWaterloo, ON N2L 3W3
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$675 - $725Studio Apartments
308 Hawthorn St
308 Hawthorn StWaterloo, ON N2L 3N4
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$750Studio to 1 Bedroom Apartments
261 Lester St
261 Lester StWaterloo, ON N2L 3W6
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.
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$785 - $1,1161 to 2 Bedroom Apartments
Spring Village
208 Sunview StWaterloo, ON N2L 3V6
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$795Studio Apartments
253 Lester St
253 Lester StWaterloo, ON N2L 3W6
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$8951 to 2 Bedroom Apartments
251 Lester St
251 Lester StWaterloo, ON N2L 3W6
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$949 - $1,3005 Bedroom Apartments
185 King St N
185 King St NWaterloo, ON N2J 0E1
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$9601 Bedroom Apartments
159 University Ave E
159 University Ave EWaterloo, ON N2J 3S6
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.
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$1,150 - $2,1001 to 2 Bedroom Apartments
311 Batavia Pl
311 Batavia PlWaterloo, ON N2L 3W1
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$1,349 - $1,5491 to 2 Bedroom Apartments
Uptown Apartments
154 Erb St EWaterloo, ON N2J 1M4
Showing Results 1-17, Page 1 of 1
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 | $1,425 | $1,425 | $1,425 |
| Waterloo North East 1 Bedroom Apartments | $2,172 | $1,497 | $2,700 |
| Waterloo North East 2 Bedroom Apartments | $2,147 | $1,213 | $3,719 |
| Waterloo North East 3 Bedroom Apartments | $1,901 | $795 | $2,550 |
| Waterloo North East 4 Bedroom Apartments | $1,036 | $750 | $1,295 |
| Waterloo North East 5 Bedroom Apartments | $1,469 | $700 | $5,650 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Waterloo North East Neighborhood of Waterloo, ON.
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Cheapest Available Waterloo North East Apartments for Rent
The cheapest available apartment rental in the Waterloo North East area of Waterloo, ON is a 1 Bed unit found at Spring Village priced from $785. University Place - 50 University Ave E has the second lowest priced unit, which is a 6 Beds apartment currently listed from $795. Here are the most affordable Waterloo North East apartments for rent in Waterloo, ON:
| 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 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $1,050 |
| King Street Towers - Student Living | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | $1,060 |
| 308 King | 1 Bedroom 1 Den 1 Bathroom | 2BR,1BA | $1,213 |
Best Value Apartments for Rent in Waterloo North East, ON
As of January 27, 2026 the best value apartment in the Waterloo North East area is the $1.73 price per square foot 3 Beds, 2 baths Model at Ivy Towns in the in the Waterloo North East neighborhood starting from $3,150. The second greatest value Waterloo North East apartment is the 3 Beds, 2.5 baths Model at Ivy Two starting at $3,000 with a $1.97 price per square foot in the Waterloo North East neighborhood. Here is today’s list of the best values for Waterloo North East apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ivy Towns | 3 Beds, 2 baths | 3BR,2BA | $1.73 |
| Ivy Two | 3 Beds, 2.5 baths | 3BR,2.5BA | $1.97 |
| King Street Towers - Student Living | 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 - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $1.04 |
| Bridgeport House | 5 Bedroom, 5 Bath | 5BR,5BA | $0.82 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1.31 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1.38 |
| Quiet Place | Two Bedroom | 2BR,1BA | $1.88 |
| Davenport Apartments | 1 Bedroom | 1BR,1BA | $2.26 |
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 Spring Village which is listed at $785, while the average apartment in Waterloo North East costs $2,185.
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 19 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 $685 which is $1,500 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
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.