Cheap Apartments for Rent in the Waterloo North West Neighborhood of Waterloo, ON from $600 (74 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 261 Lester St

$750

1 To 5 Bedroom Rentals

Available Now

261 Lester St

WaterlooONN2L 3W6
property at 253 Lester St

$750 - $795

1 To 5 Bedroom Rentals

Available Now

253 Lester St

WaterlooONN2L 3W6
property at 392 Albert St

$740 - $795

1 Bedroom Rentals

Available Now

392 Albert St

WaterlooONN2L 3V1
property at 251 Lester St

$695 - $795

1 To 5 Bedroom Rentals

Available Now

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.

close
View Me
86 University Av W
$863
Total Monthly Price

Total Monthly Price

Base Rent
$863

Total Monthly Price
$863
5 Bedroom Apartment Available Sep 1

86 University Av W

86 University Av WWaterloo, ON N2L 3C8
Furnished
  • Smoke Free
property at 380 Erb St. W

$1,580 - $1,650

1 To 2 Bedroom Rentals

Available Now

380 Erb St. W

WaterlooONN2L 1W6

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.

close
View Me
Spring Village
$611 - $8681 to 2 Bedroom Apartments

Spring Village

208 Sunview StWaterloo, ON N2L 3V6
Student Housing
  • Smoke Free
close
View Me
308 Hawthorn St
$675 - $725Studio Apartments

308 Hawthorn St

308 Hawthorn StWaterloo, ON N2L 3N4
close
View Me
261 Lester St
$750Studio to 1 Bedroom Apartments

261 Lester St

261 Lester StWaterloo, ON N2L 3W6
Student Housing
property at 271 Lester St

$750

5 Bedroom Rentals

Available Now

271 Lester St

WaterlooONN2L 3W6
close
View Me
Linden Village Inc.
$785 - $9875 Bedroom Apartments

Linden Village Inc.

203 Lester StWaterloo, ON N2L 0B5
Student Housing
close
View Me
253 Lester St
$795Studio Apartments

253 Lester St

253 Lester StWaterloo, ON N2L 3W6
Student Housing
close
View Me
251 Lester St
$8951 to 2 Bedroom Apartments

251 Lester St

251 Lester StWaterloo, ON N2L 3W6
Student Housing

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.

close
View Me
311 Batavia Pl
$1,150 - $2,1001 to 2 Bedroom Apartments

311 Batavia Pl

311 Batavia PlWaterloo, ON N2L 3W1
Student Housing
  • Utilities Included
  • Smoke Free

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.

close
View Me
239 Albert St
$1,447 - $2,0641 Bedroom Apartments

239 Albert St

239 Albert StWaterloo, ON N2L 0K5
Furnished
  • Utilities Included
  • Smoke Free
close
View Me
Sage X
$1,450 - $2,500Studio to 2 Bedroom Apartments

Sage X

257 Hemlock StWaterloo, ON N2L 0K2
Furnished
  • Smoke Free
close
View Me
228 Albert St
$1,495 - $2,6701 to 2 Bedroom Apartments

228 Albert St

228 Albert StWaterloo, ON N2L 3T6
Furnished
  • Utilities Included
close
View Me
609 Davenport Rd
$1,4971 Bedroom Apartments

609 Davenport Rd

609 Davenport RdWaterloo, ON N2L 6H9
  • Utilities Included
close
View Me
605 Davenport Road
$1,4971 Bedroom Apartments

605 Davenport Road

605 Davenport RdWaterloo, ON N2L 6H8

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Cheapest Available Waterloo North West Apartments for Rent

 

The cheapest available apartment rental in the Waterloo North West area of Waterloo, ON is a 1 Bed unit found at Spring Village priced from $611. Preston House has the second lowest priced unit, which is a 5 Beds apartment currently listed from $1,150. Here are the most affordable Waterloo North West apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
Spring Village1 Bedroom Shared Accommodation1BR,1BA$611
Preston House5 Bedroom, 5 Bath5BR,5BA$1,150
The HUB - 365 Albert1 Bedroom1BR,1BA$1,394
The HUB GEOWAVE1 Bedroom1BR,1BA$1,425
THE LINQ1 Bedroom plus Dining1BR,1BA$1,452
Avenue ApartmentsStudio, 1 BathroomStudio,1BA$1,475
228 Albert St1 Bedroom plus Dining1BR,1BA$1,495
605 Davenport RoadOne bedroom with one bathroom1BR,1BA$1,497
67 Milford AveOne Bedroom1BR,1BA$1,499
246 Albert St1 Bedroom plus Dining1BR,1BA$1,510

Best Value Apartments for Rent in Waterloo North West, ON

As of July 15, 2026 the best value apartment in the Waterloo North West area is the $1.77 price per square foot 3 Bedroom(s) and 1.5 Bathroom(s) Model at Sunnydale in the in the Waterloo North West neighborhood starting from $2,650. The second greatest value Waterloo North West apartment is the 2 Beds, 1.5 baths Model at Beechwood Apartments starting at $1,995 with a $1.79 price per square foot in the Kitchener South West neighborhood. Here is today’s list of the best values for Waterloo North West apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunnydale3 Bedroom(s) and 1.5 Bathroom(s)3BR,1.5BA$1.77
Beechwood Apartments2 Beds, 1.5 baths2BR,1.5BA$1.79
Preston House5 Bedroom, 5 Bath5BR,5BA$1.14
Parkside Tower2 Bedroom, 1 Bathroom2BR,1BA$1.98
512 Albert St2 Bedroom2BR,1BA$1.99
383 Albert StTwo Bedroom Apartment2BR,1BA$2.08
646 Silverbirch Rd2 Bedroom2BR,1BA$2.06
The HUB - 365 Albert1 Bedroom plus Den1BR,1BA$2.07
434 Hazel StOne Bedroom1BR,1BA$2.03
131 University1 Bedroom plus Den1BR,1BA$2.15

Frequently Asked Questions about Cheap Waterloo North West Apartments

How much is rent for a Cheap One Bedroom Waterloo North West Apartment?

The lowest price for a Cheap One Bedroom Waterloo North West Apartment is $611 at Spring Village.

What is the lowest price for a Cheap Two Bedroom Waterloo North West Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waterloo North West is starting from $1,749 at 646 Silverbirch Rd.

What is the most affordable Waterloo North West Three Bedroom Apartment?

The best deal on a cheap Waterloo North West Three Bedroom Apartment rental is at 105 Golden Eagle Rd and starts from $2,150.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.