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Rent Specials
$450 - $1,1845 Bedroom Apartments Available Jan 1, 2026
MyRez On Lester - Student Living
181 Lester StWaterloo, ON N2L 3W3
Cheap Apartments for Rent in the Waterloo North West Neighborhood of Waterloo, ON from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo North West area of Waterloo.
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Rent Specials
$568 - $1,2393 to 6 Bedroom Apartments Available Jan 3, 2026
King Street Towers - Student Living
333-339 King St NWaterloo, ON N2J 0C5
379-379 Erb St. W
WaterlooONN2L 1W7
271-271 Lester St
WaterlooONN2L 3W6
253-253 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.
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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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Waterloo North West, Waterloo, ON Local Guide
How much does it cost to rent an apartment in Waterloo North West?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo North West 1 Bedroom Apartments | $2,215 | $575 | $2,695 |
| Waterloo North West 2 Bedroom Apartments | $2,566 | $1,750 | $4,505 |
| Waterloo North West 3 Bedroom Apartments | $1,897 | $1,239 | $2,300 |
| Waterloo North West 4 Bedroom Apartments | $821 | $596 | $1,239 |
| Waterloo North West 5 Bedroom Apartments | $662 | $450 | $1,184 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Waterloo North West Neighborhood of Waterloo, ON.
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Cheapest Available Waterloo North West Apartments for Rent
The cheapest available apartment rental in the Waterloo North West area of Waterloo, ON is a Studio unit found at 261 Lester St 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 West apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 261 Lester St | 0 Beds, 2 Baths | Studio,2BA | $750 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $785 |
| Davenport Apartments | 1 Bedroom | 1BR,1BA | $1,497 |
| 69 Westwood Dr | 1 Bedroom Model | 1BR,1BA | $1,525 |
| 81 Westwood Dr | 1 Bedroom Model | 1BR,1BA | $1,525 |
Best Value Apartments for Rent in Waterloo North West, ON
As of November 22, 2025 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 Bedroom, 1 Bathroom Model at Avenue Apartments starting at $1,860 with a $1.45 price per square foot in the Waterloo North East neighborhood. Here is today’s list of the best values for Waterloo North West apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunnydale | 3 Bedroom(s) and 1.5 Bathroom(s) | 3BR,1.5BA | $1.77 |
| Avenue Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.45 |
| Parkside Tower | 2 Bedroom, 1 Bathroom | 2BR,1BA | $2.15 |
| Quiet Place | Two Bedroom | 2BR,1BA | $1.97 |
| 437 Hazel St | 2 Bed | 2BR,1BA | $2.44 |
| Sugarbush Gardens | First Floor | 2BR,1BA | $2.47 |
| 200 Shakespeare Drive | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.27 |
| 45 Caroline St N | One Bedroom Apartment | 1BR,1BA | $2.43 |
| 81 Westwood Dr | 1 Bedroom Model | 1BR,1BA | $2.19 |
| Davenport Apartments | 1 Bedroom | 1BR,1BA | $2.26 |
Frequently Asked Questions about Cheap Waterloo North West Apartments
What is the price of a cheap apartment in Waterloo North West?
The cheapest apartment in Waterloo North West is Spring Village which is listed at $785, while the average apartment in Waterloo North West costs $2,557.
What types of apartments are the cheapest in Waterloo North West?
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 1 regular apartments in Waterloo North West 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 West?
Cheap apartments in Waterloo North West have an average cost of $563 which is $1,994 cheaper than the average rent for all rentals in Waterloo North West.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.