Cheap Homes for Rent in Waterloo North East Neighborhood of Waterloo, ON from C$700 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Waterloo North East area of Waterloo.

property at 271 Lester St

271 Lester St

WaterlooONN2L 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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property at 251 Lester St

251 Lester St

WaterlooONN2L 3W6
property at 158 King St N

158 King St N

WaterlooONN2J 0E5

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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Showing Results 1-11, Page 1 of 1

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 University Place - 50 University Ave E priced from C$670. King Street Towers has the second lowest priced unit, which is a 6 Beds apartment currently listed from C$730. Here are the most affordable Waterloo North East apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
University Place - 50 University Ave E6 Beds, 2 baths6BR,2BAC$670
King Street Towers6 Bedroom/ 5 Bath Tower 26BR,5BAC$730
253 Lester St0 Beds, 2 BathsStudio,2BAC$795
Spring Village1 Bedroom Shared Accommodation1BR,1BAC$968
Fergus House4 Bedroom 4 Bathroom4BR,4BAC$1,350

Best Value Apartments for Rent in Waterloo North East, ON

As of June 11, 2025 the best value apartment in the Waterloo North East area is the C$1.37 price per square foot 4 Bedroom 4 Bathroom Model at Fergus House in the in the Waterloo North East neighborhood starting from C$1,350. The second greatest value Waterloo North East apartment is the 2 Beds, 1 bath Model at University Place - 50 University Ave E starting at C$670 with a C$0.69 price per square foot in the Kitchener North West neighborhood. Here is today’s list of the best values for Waterloo North East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fergus House4 Bedroom 4 Bathroom4BR,4BAC$1.37
University Place - 50 University Ave E2 Beds, 1 bath2BR,1BAC$0.69
Oakwood Manor2 Bedroom Lower2BR,1BAC$2.42
Hespeler House4 Bedroom 4 Bathroom4BR,4BAC$1.49
383 Albert StTwo Bedroom plus Den2BR,1BAC$2.51
Avenue Apartments2 Bedroom(s) and 1 Bathroom(s)2BR,1BAC$2.50
Northfield GardensTwo Bedroom2BR,1BAC$2.31
Sugarbush GardensFirst Floor2BR,1BAC$2.47
125 Lincoln Rd, Unit 705125 Lincoln Rd1BR,1BAC$2.60
Davenport Apartments1 Bedroom1BR,1BAC$2.27

Frequently Asked Questions about Waterloo North East

What type of rentals are currently available in Waterloo North East?

There are currently 276 Apartments for Rent in Waterloo North East, ON with pricing that ranges from C$670 to C$6,125. There are also 82 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo North East ranging from C$700 to C$4,000.

What is the current price range for Rental Homes in Waterloo North East?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterloo North East ranges from C$700 to C$4,000 with an average monthly rent of C$2,375.

How much are larger Three and Four Bedroom Rentals in Waterloo North East?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterloo North East range from C$670 to C$3,735, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$2,400 to C$3,995. Four Bedroom Single-Family rentals are also available starting from C$3,100 and Four Bedroom Apartments start at C$670.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.