121 University Ave E
WaterlooONN2J 2W1
Cheap Apartments for Rent in the Waterloo North East Neighborhood of Waterloo, ON from $500 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo North East area of Waterloo.
32 Noecker St
WaterlooONN2J 2R4
325 Spruce St
WaterlooONN2L 3M6
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Rent Specials
$750 - $5,7404 to 6 Bedroom Apartments Available Now
King Street Towers
333-339 King St NWaterloo, ON N2J 0C5
271-271 Lester St
WaterlooONN2L 3W6
261 Lester St
WaterlooONN2L 3W6
261-261 Lester St
WaterlooONN2L 3W6
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$795 - $820
Total Monthly Price
3 to 6 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$795 - $820
Total Monthly Price
$795 - $820
University Place - 50 University Ave E
50 University Ave EWaterloo, ON N2J 2V9
50 University Ave E
WaterlooONN2J 2V8
253 Lester St
WaterlooONN2L 3W6
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.
392 Albert St
WaterlooONN2L 3V1
251 Lester St
WaterlooONN2L 3W6
251-251 Lester St
WaterlooONN2L 3W6
253-253 Lester St
WaterlooONN2L 3W6
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$863
Total Monthly Price
5 Bedroom Apartment Available Sep 1Total Monthly Price
Base Rent
$863
Total Monthly Price
$863
86 University Av W
86 University Av WWaterloo, ON N2L 3C8
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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 Contact Us For Availability
MyRez on Lester
181 Lester StWaterloo, ON N2L 3W3
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Rent Specials
$1,475 - $2,425Studio to 3 Bedroom Apartments Available Now
Avenue Apartments
137 University Ave WWaterloo, ON N2L 3E5
175 Wissler Rd
WaterlooONN2K 3R1
158 King St N
WaterlooONN2J 0E5
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.
158 King St N
WaterlooONN2J 0E5
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$675 - $725Studio Apartments
308 Hawthorn St
308 Hawthorn StWaterloo, ON N2L 3N4
38 Noecker St
WaterlooONN2J 2R4
38 Noecker St
WaterlooONN2J 2R4
12 Bridgeport Rd E
WaterlooONN2J 2J3
12 Bridgeport Rd E
WaterlooONN2J 2J3
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$750Studio to 1 Bedroom Apartments
261 Lester St
261 Lester StWaterloo, ON N2L 3W6
119 University Av E
WaterlooONN2J 2W1
271 Lester St
WaterlooONN2L 3W6
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$785 - $9875 Bedroom Apartments
Linden Village Inc.
203 Lester StWaterloo, ON N2L 0B5
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.
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$785 - $1,0011 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
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
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$8951 to 2 Bedroom Apartments
251 Lester St
251 Lester StWaterloo, ON N2L 3W6
392 Albert St
WaterlooONN2L 3V1
392 Albert St
WaterlooONN2L 3V1
166 Elgin Crescent
WaterlooONN2J 2S6
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.
166 Elgin Crescent
WaterlooONN2J 2S6
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$9601 Bedroom Apartments
159 University Ave E
159 University Ave EWaterloo, ON N2J 3S6
288 Albert St
WaterlooONN2L 0G9
288 Albert St
WaterlooONN2L 0G9
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$1,150 - $2,1001 to 2 Bedroom Apartments
311 Batavia Pl
311 Batavia PlWaterloo, ON N2L 3W1
124 King St N
WaterlooONN2J 2X8
124 King St N
WaterlooONN2J 2X8
275 Larch St
WaterlooONN2L 3R2
275 Larch St
WaterlooONN2L 3R2
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$1,349 - $1,5491 to 2 Bedroom Apartments
Uptown Apartments
154 Erb St EWaterloo, ON N2J 1M4
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $2,164 | $750 | $2,650 |
| Waterloo North East 2 Bedroom Apartments | $2,205 | $995 | $2,935 |
| Waterloo North East 3 Bedroom Apartments | $1,958 | $795 | $2,485 |
| Waterloo North East 4 Bedroom Apartments | $1,317 | $750 | $3,620 |
| Waterloo North East 5 Bedroom Apartments | $1,831 | $500 | $5,650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 59 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 6 Beds unit found at King Street Towers priced from $750. Spring Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here are the most affordable Waterloo North East apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $1,150 |
| Avenue Apartments | Studio, 1 Bathroom | Studio,1BA | $1,475 |
| 605 Davenport Road | One bedroom with one bathroom | 1BR,1BA | $1,497 |
| 67 Milford Ave | One Bedroom | 1BR,1BA | $1,549 |
| 170 Weber St N | 1 Bedroom Model | 1BR,1BA | $1,600 |
| 1043 Union St | 1 Bedroom Model | 1BR,1BA | $1,600 |
| 275 Larch St | 498 | 1BR,1BA | $1,625 |
Best Value Apartments for Rent in Waterloo North East, ON
As of June 13, 2026 the best value apartment in the Waterloo North East area is the $0.85 price per square foot 5 Bedroom/ 5 Bath Tower 1 Model at King Street Towers in the in the Waterloo North East neighborhood starting from $1,100. The second greatest value Waterloo North East apartment is the 3 Beds, 1.5 baths Model at University Place - 50 University Ave E starting at $795 with a $0.72 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. |
|---|---|---|---|
| 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 |
| Mayfieldview Court | 2 Bedroom Townhouse Premium | 2BR,1BA | $2.23 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $1.14 |
| Bridgeport House | 5 Bedroom, 5 Bath | 5BR,5BA | $0.70 |
| 512 Albert St | 2 Bedroom | 2BR,1BA | $1.99 |
| 383 Albert St | Two Bedroom Apartment | 2BR,1BA | $2.08 |
| Richmond Square | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | $2.08 |
| 605 Davenport Road | One bedroom with one bathroom | 1BR,1BA | $2.26 |
| 67 Milford Ave | One Bedroom | 1BR,1BA | $2.38 |
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 $2,380.
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 38 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 $1,230 which is $1,150 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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.