271-271 Lester St
WaterlooONN2L 3W6
Cheap Apartments for Rent in the Waterloo North East Neighborhood of Waterloo, ON from $600 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo North East area of Waterloo.
251-251 Lester St
WaterlooONN2L 3W6
253-253 Lester St
WaterlooONN2L 3W6
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Rent Specials
$1,060 - $1,3505 Bedroom Apartments Available Jan 1, 2026
MyRez On Lester - Student Living
181 Lester StWaterloo, ON N2L 3W3
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Rent Specials
$1,060 - $1,2003 to 6 Bedroom Apartments Available Jan 3, 2026
King Street Towers - Student Living
333-339 King St NWaterloo, ON N2J 0C5
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$670 - $7202 to 6 Bedroom Apartments
University Place - 50 University Ave E
50 University Ave EWaterloo, ON N2J 2V9
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.
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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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Showing Results 1-13, 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 1 Bedroom Apartments | $2,152 | $1,497 | $2,597 |
| Waterloo North East 2 Bedroom Apartments | $2,248 | $1,213 | $3,719 |
| Waterloo North East 3 Bedroom Apartments | $1,949 | $1,200 | $2,300 |
| Waterloo North East 4 Bedroom Apartments | $1,373 | $1,060 | $2,300 |
| Waterloo North East 5 Bedroom Apartments | $1,045 | $750 | $1,350 |
Browse Apartments in this Neighborhood
There are currently 13 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. 185 King St N has the second lowest priced unit, which is a 5 Beds apartment currently listed from $949. 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 |
| 185 King St N | 5 Beds, 5 baths | 5BR,5BA | $949 |
| Davenport Apartments | 1 Bedroom | 1BR,1BA | $1,497 |
| Northfield Gardens | Two Bedroom + Two Bath | 2BR,2BA | $1,630 |
| 434 Hazel St | One Bedroom | 1BR,1BA | $1,675 |
Best Value Apartments for Rent in Waterloo North East, ON
As of December 12, 2025 the best value apartment in the Waterloo North East area is the $2.24 price per square foot 2 Bed Balcony Model at 437 Hazel St in the in the Waterloo North East neighborhood starting from $1,903. The second greatest value Waterloo North East apartment is the Two Bedroom Model at Northfield Gardens starting at $1,935 with a $2.40 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. |
|---|---|---|---|
| 437 Hazel St | 2 Bed Balcony | 2BR,1BA | $2.24 |
| Northfield Gardens | Two Bedroom | 2BR,1BA | $2.40 |
| 434 Hazel St | One Bedroom | 1BR,1BA | $2.09 |
| 163 Macgregor Cres | 2 Bed 1 Bath Model | 2BR,1BA | $2.53 |
| Sugarbush Gardens | First Floor | 2BR,1BA | $2.47 |
| 275 Larch St | 770 | 2BR,2BA | $2.72 |
| THE LINQ | 1 Bedroom plus Den | 1BR,1BA | $2.80 |
| Davenport Apartments | 1 Bedroom | 1BR,1BA | $2.26 |
| 130 & 140 Lincoln Road | One Bedroom Apartment | 1BR,1BA | $2.68 |
| Richmond Square | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | $2.94 |
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 $2,228.
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 1 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 $691 which is $1,537 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
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.