
Cheap Apartments for Rent in the Waterloo North West Neighborhood of Waterloo, ON from $600 (74 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo North West area of Waterloo.


King Street Towers

271-271 Lester St

261 Lester St

261-261 Lester St

253-253 Lester St

253 Lester St

392 Albert St

251 Lester St

251-251 Lester St
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.

Total Monthly Price
86 University Av W

295 Lester St

MyRez on Lester

The HUB - 365 Albert

The HUB GEOWAVE

THE LINQ

Avenue Apartments

200 Shakespeare Drive

380 Erb St. W

355 Bamberg Crescent
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.

Spring Village

308 Hawthorn St

433 Keats Way

261 Lester St

271 Lester St

Linden Village Inc.

253 Lester St

254 Phillip St, Unit 504

254 Phillip St, Unit 504

251 Lester St
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.

392 Albert St, Unit 302

392 Albert St, Unit 302

288 Albert St

288 Albert St

339 King St N, Unit 403

339 King St N, Unit 403

311 Batavia Pl

258C Sunview St, Unit 371

258C Sunview St, Unit 371

330 Phillip St
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.

330 Phillip St

275 Larch St, Unit 401H

275 Larch St, Unit 401H

308 King St N, Unit 616

239 Albert St

Sage X

317 Erb St. W, Unit 5

228 Albert St

609 Davenport Rd

605 Davenport Road
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.
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 Studio Apartments | $1,503 | $1,475 | $1,545 |
| Waterloo North West 1 Bedroom Apartments | $1,704 | $750 | $5,180 |
| Waterloo North West 2 Bedroom Apartments | $2,160 | $1,695 | $5,665 |
| Waterloo North West 3 Bedroom Apartments | $2,889 | $2,150 | $6,105 |
| Waterloo North West 4 Bedroom Apartments | $1,261 | $750 | $3,620 |
| Waterloo North West 5 Bedroom Apartments | $1,939 | $745 | $5,650 |
Browse Apartments in this Neighborhood
There are currently 74 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $611 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $1,150 |
| The HUB - 365 Albert | 1 Bedroom | 1BR,1BA | $1,394 |
| The HUB GEOWAVE | 1 Bedroom | 1BR,1BA | $1,425 |
| THE LINQ | 1 Bedroom plus Dining | 1BR,1BA | $1,452 |
| Avenue Apartments | Studio, 1 Bathroom | Studio,1BA | $1,475 |
| 228 Albert St | 1 Bedroom plus Dining | 1BR,1BA | $1,495 |
| 605 Davenport Road | One bedroom with one bathroom | 1BR,1BA | $1,497 |
| 67 Milford Ave | One Bedroom | 1BR,1BA | $1,499 |
| 246 Albert St | 1 Bedroom plus Dining | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunnydale | 3 Bedroom(s) and 1.5 Bathroom(s) | 3BR,1.5BA | $1.77 |
| Beechwood Apartments | 2 Beds, 1.5 baths | 2BR,1.5BA | $1.79 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $1.14 |
| Parkside Tower | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.98 |
| 512 Albert St | 2 Bedroom | 2BR,1BA | $1.99 |
| 383 Albert St | Two Bedroom Apartment | 2BR,1BA | $2.08 |
| 646 Silverbirch Rd | 2 Bedroom | 2BR,1BA | $2.06 |
| The HUB - 365 Albert | 1 Bedroom plus Den | 1BR,1BA | $2.07 |
| 434 Hazel St | One Bedroom | 1BR,1BA | $2.03 |
| 131 University | 1 Bedroom plus Den | 1BR,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

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.

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.

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.

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.