511 Albert St
WaterlooONN2L 5A7
Cheap Apartments for Rent in the Waterloo North West Neighborhood of Waterloo, ON from $500 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo North West area of Waterloo.
379-379 Erb St. W
WaterlooONN2L 1W7
251 Lester St
WaterlooONN2L 3W6
392 Albert St
WaterlooONN2L 3V1
325 Spruce St
WaterlooONN2L 3M6
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Rent Specials
$750 - $5,7404 to 6 Bedroom Apartments Available May 3
King Street Towers - Student Living
333-339 King St NWaterloo, ON N2J 0C5
271-271 Lester St
WaterlooONN2L 3W6
261 Lester St
WaterlooONN2L 3W6
261-261 Lester St
WaterlooONN2L 3W6
253-253 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.
251-251 Lester St
WaterlooONN2L 3W6
253 Lester St
WaterlooONN2L 3W6
86 University Av W
WaterlooONN2L 3C8
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$1,0005 Bedroom Apartment Available Sep 1
295 Lester St
295 Lester StWaterloo, ON N2L 0C1
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Rent Specials
$1,060 - $5,6505 Bedroom Apartments Contact Us For Availability
MyRez On Lester - Student Living
181 Lester StWaterloo, ON N2L 3W3
380 Erb St. W
WaterlooONN2L 1W6
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$1,425 - $2,240Studio to 2 Bedroom Apartments Available Now
Avenue Apartments
137 University Ave WWaterloo, ON N2L 3E5
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Rent Specials
$1,460 - $2,230Studio to 2 Bedroom Apartments Available Now
200 Shakespeare Drive
200 Shakespeare DrWaterloo, ON N2L 6C1
378 Albert St
WaterlooONN2L 3V1
250 Keats Way
WaterlooONN2L 6J5
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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$675 - $725Studio Apartments
308 Hawthorn St
308 Hawthorn StWaterloo, ON N2L 3N4
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$750Studio to 1 Bedroom Apartments
261 Lester St
261 Lester StWaterloo, ON N2L 3W6
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$785 - $9875 Bedroom Apartments
Linden Village Inc.
203 Lester StWaterloo, ON N2L 0B5
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$785 - $1,0011 to 2 Bedroom Apartments
Spring Village
208 Sunview StWaterloo, ON N2L 3V6
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$795Studio Apartments
253 Lester St
253 Lester StWaterloo, ON N2L 3W6
271 Lester St
WaterlooONN2L 3W6
275 Larch St
WaterlooONN2L 3R2
275 Larch St
WaterlooONN2L 3R2
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$8951 to 2 Bedroom Apartments
251 Lester St
251 Lester StWaterloo, ON N2L 3W6
392 Albert St
WaterlooONN2L 3V1
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.
392 Albert St
WaterlooONN2L 3V1
338 Albert St
WaterlooONN2L 0G8
338 Albert St
WaterlooONN2L 0G8
288 Albert St
WaterlooONN2L 0G9
288 Albert St
WaterlooONN2L 0G9
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$1,150 - $2,1001 to 2 Bedroom Apartments
311 Batavia Pl
311 Batavia PlWaterloo, ON N2L 3W1
608 Woolgrass Ave
WaterlooONN2V 2X8
608 Woolgrass Ave
WaterlooONN2V 2X8
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$1,450 - $2,500Studio to 2 Bedroom Apartments
Sage X
257 Hemlock StWaterloo, ON N2L 0K2
381 Vogel Pl
WaterlooONN2L 5V8
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.
381 Vogel Pl
WaterlooONN2L 5V8
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$1,4971 Bedroom Apartments
609 Davenport Rd
609 Davenport RdWaterloo, ON N2L 6H9
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$1,4971 Bedroom Apartments
605 Davenport Road
605 Davenport RdWaterloo, ON N2L 6H8
206 Springfield Crescent
WaterlooONN2T 2H9
206 Springfield Crescent
WaterlooONN2T 2H9
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$1,5001 Bedroom Apartments
430 Hazel St
430 Hazel StWaterloo, ON N2L 3P7
736 Old Albert St
WaterlooONN2L 6R4
93 Westwood Dr
KitchenerONN2M 2K7
87 Westwood Dr
KitchenerONN2M 2K7
99 Westwood Dr
KitchenerONN2M 2K7
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Showing Results 1-50, Page 1 of 1
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 | $1,411 | $1,350 | $1,460 |
| Waterloo North West 1 Bedroom Apartments | $1,916 | $500 | $2,482 |
| Waterloo North West 2 Bedroom Apartments | $2,231 | $1,660 | $2,972 |
| Waterloo North West 3 Bedroom Apartments | $2,050 | $2,050 | $2,050 |
| Waterloo North West 4 Bedroom Apartments | $1,656 | $732 | $3,620 |
| Waterloo North West 5 Bedroom Apartments | $2,312 | $717 | $5,650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 50 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 $785. Avenue Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,425. 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 | $785 |
| Avenue Apartments | 0 Bedroom, 1 Bathroom | Studio,1BA | $1,425 |
| 200 Shakespeare Drive | 0 Bedroom, 1 Bathroom | Studio,1BA | $1,480 |
| 605 Davenport Road | One bedroom with one bathroom | 1BR,1BA | $1,497 |
| Westwood Drive Apartments | 1 Bedroom Model | 1BR,1BA | $1,525 |
| 81 Westwood Dr | 1 Bedroom Model | 1BR,1BA | $1,525 |
| Quiet Place | Two Bedroom | 2BR,1BA | $1,540 |
| Beacon Tower | One Bedroom | 1BR,1BA | $1,595 |
| 275 Larch St | 498 | 1BR,1BA | $1,625 |
| Parkside Tower | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1,660 |
Best Value Apartments for Rent in Waterloo North West, ON
As of April 12, 2026 the best value apartment in the Waterloo North West area is the $1.92 price per square foot 3 Beds, 2.5 baths Model at Ivy Two in the in the Waterloo North East neighborhood starting from $3,600. The second greatest value Waterloo North West apartment is the 3 Bedroom Model at Ivy Three starting at $3,600 with a $1.92 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. |
|---|---|---|---|
| Ivy Two | 3 Beds, 2.5 baths | 3BR,2.5BA | $1.92 |
| Ivy Three | 3 Bedroom | 3BR,2.5BA | $1.92 |
| Sunnydale | 3 Bedroom(s) and 1.5 Bathroom(s) | 3BR,1.5BA | $1.67 |
| 520 Parkside Dr | Three Bedroom Apartment | 3BR,1.5BA | $2.03 |
| Beacon Tower | Two Bedroom | 2BR,1BA | $1.91 |
| 105 Golden Eagle Rd | Townhouse | 3BR,1.5BA | $2.10 |
| Parkside Tower | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.90 |
| 383 Albert St | Two Bedroom Apartment | 2BR,1BA | $2.08 |
| Quiet Place | Two Bedroom | 2BR,1BA | $1.87 |
| 81 Westwood Dr | 1 Bedroom Model | 1BR,1BA | $2.19 |
Frequently Asked Questions about Cheap Waterloo North West Apartments
What is a cheap apartment in Waterloo North West?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterloo North West is under $1,660.
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 $3,400.
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 3 regular apartments in Waterloo North West that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.