Cheap Homes for Rent in Waterloo North East Neighborhood of Waterloo, ON from $700 (16 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

$750

1 Bedroom Rentals

Available Now

271 Lester St

WaterlooONN2L 3W6
property at 253 Lester St

$750

1 Bedroom Rentals

Available Now

253 Lester St

WaterlooONN2L 3W6
property at 261 Lester St

$750

1 Bedroom Rentals

Available Now

261 Lester St

WaterlooONN2L 3W6

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.

property at 251 Lester St

$750

1 Bedroom Rentals

Available Now

251 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.

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.

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 ListingModel NameBed/BathPriced From
Spring Village1 Bedroom Shared Accommodation1BR,1BA$785
185 King St N5 Beds, 5 baths5BR,5BA$949
Avenue Apartments0 Bedroom, 1 BathroomStudio,1BA$1,425
Davenport Apartments1 Bedroom1BR,1BA$1,497
Northfield GardensTwo Bedroom + Two Bath2BR,2BA$1,630

Best Value Apartments for Rent in Waterloo North East, ON

As of December 19, 2025 the best value apartment in the Waterloo North East area is the $2.65 price per square foot 2 Bed Balcony Model at 437 Hazel St in the in the Waterloo North East neighborhood starting from $2,250. The second greatest value Waterloo North East apartment is the Two Bedroom Model at Northfield Gardens starting at $1,670 with a $2.07 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 ListingModel NameBed/BathPrice Per Sq.Ft.
437 Hazel St2 Bed Balcony2BR,1BA$2.65
Northfield GardensTwo Bedroom2BR,1BA$2.07
434 Hazel StOne Bedroom1BR,1BA$2.09
163 Macgregor Cres2 Bed2BR,1BA$2.75
Sugarbush GardensFirst Floor2BR,1BA$2.47
275 Larch St7702BR,2BA$2.72
THE LINQ1 Bedroom plus Den1BR,1BA$2.80
Davenport Apartments1 Bedroom1BR,1BA$2.26
130 & 140 Lincoln RoadOne Bedroom Apartment1BR,1BA$2.68
Avenue Apartments0 Bedroom, 1 BathroomStudio ,1BA$2.88

Frequently Asked Questions about Waterloo North East

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

There are currently 278 Apartments for Rent in Waterloo North East, ON with pricing that ranges from $750 to $3,719. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo North East ranging from $725 to $4,500.

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 $725 to $4,500 with an average monthly rent of $2,080.

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 $1,200 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,300. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $1,060.

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

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.