38 Marshall St
WaterlooONN2J 2T4
Cheap Apartments for Rent in the Waterloo North East Neighborhood of Waterloo, ON from $400 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo North East area of Waterloo.
511 Albert St
WaterlooONN2L 5A7
261-261 Lester St
WaterlooONN2L 3W6
325 Spruce St
WaterlooONN2L 3M6
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Rent Specials
$750 - $5,7404 to 6 Bedroom Apartments Available May 3
King Street Towers
333-339 King St NWaterloo, ON N2J 0C5
271-271 Lester St
WaterlooONN2L 3W6
261 Lester St
WaterlooONN2L 3W6
253-253 Lester St
WaterlooONN2L 3W6
251-251 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.
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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
50 University Ave E
WaterlooONN2J 2V8
253 Lester St
WaterlooONN2L 3W6
392 Albert St
WaterlooONN2L 3V1
251 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
378 Albert St
WaterlooONN2L 3V1
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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$675 - $725Studio Apartments
308 Hawthorn St
308 Hawthorn StWaterloo, ON N2L 3N4
330 Phillip St
WaterlooONN2L 3W9
330 Phillip St
WaterlooONN2L 3W9
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
365 Dale Crescent
WaterlooONN2J 3Y6
365 Dale Crescent
WaterlooONN2J 3Y6
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$785 - $9875 Bedroom Apartments
Linden Village Inc.
203 Lester StWaterloo, ON N2L 0B5
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 - $1,0011 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
271 Lester St
WaterlooONN2L 3W6
275 Larch St
WaterlooONN2L 3R2
275 Larch St
WaterlooONN2L 3R2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
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.
158-1158 King St N
WaterlooONN2J 0E5
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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
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$929 - $1,1405 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
338 Albert St
WaterlooONN2L 0G8
338 Albert St
WaterlooONN2L 0G8
288 Albert St
WaterlooONN2L 0G9
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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
Showing Results 1-49, 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 | $1,475 | $1,475 | $1,475 |
| Waterloo North East 1 Bedroom Apartments | $2,101 | $400 | $2,650 |
| Waterloo North East 2 Bedroom Apartments | $2,241 | $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 |
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 49 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 |
| 185 King St N | 5 Beds, 5 baths | 5BR,5BA | $929 |
| Sage X | Studio | 1BR,1BA | $1,450 |
| Avenue Apartments | Studio, 1 Bathroom | Studio,1BA | $1,475 |
| 605 Davenport Road | One bedroom with one bathroom | 1BR,1BA | $1,497 |
| Quiet Place | Two Bedroom | 2BR,1BA | $1,540 |
| Sage Platinum | Studio | Studio,1BA | $1,575 |
| 275 Larch St | 498 | 1BR,1BA | $1,625 |
| 255 Sunview St | 1 Bedroom | 1BR,1BA | $1,686 |
Best Value Apartments for Rent in Waterloo North East, ON
As of April 28, 2026 the best value apartment in the Waterloo North East 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 North East 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 North East 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 |
| 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 |
| 383 Albert St | Two Bedroom Apartment | 2BR,1BA | $2.08 |
| 437 Hazel St | 2 Bed without Balcony | 2BR,1BA | $2.23 |
| Quiet Place | Two Bedroom | 2BR,1BA | $1.87 |
| Richmond Square | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | $2.08 |
| Northfield Gardens | Two Bedroom + Laundry | 2BR,1BA | $2.29 |
| 605 Davenport Road | One bedroom with one bathroom | 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 $2,318.
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 39 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 $1,388 which is $930 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.