379-379 Erb St. W
WaterlooONN2L 1W7
Cheap Apartments for Rent in the Waterloo North West Neighborhood of Waterloo, ON from C$500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo North West area of Waterloo.
253-253 Lester St
WaterlooONN2L 3W6
271-271 Lester St
WaterlooONN2L 3W6
261 Lester St
WaterlooONN2L 3W6
392 Albert St
WaterlooONN2L 3V1
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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C$830 - C$6,0003 to 6 Bedroom Apartments Available Now
King Street Towers - Student Living
333-339 King St NWaterloo, ON N2J 0C5
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C$1,225 - C$6,4505 Bedroom Apartments Available Now
MyRez On Lester - Student Living
181 Lester StWaterloo, ON N2L 3W3
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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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Showing Results 1-13, 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 | C$1,031 | C$750 | C$1,550 |
| Waterloo North West 1 Bedroom Apartments | C$2,210 | C$575 | C$2,795 |
| Waterloo North West 2 Bedroom Apartments | C$2,640 | C$1,900 | C$4,505 |
| Waterloo North West 3 Bedroom Apartments | C$2,938 | C$2,050 | C$4,365 |
| Waterloo North West 4 Bedroom Apartments | C$2,989 | C$830 | C$5,400 |
| Waterloo North West 5 Bedroom Apartments | C$3,266 | C$700 | C$6,450 |
Browse Apartments in this Neighborhood
There are currently 13 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 C$750. Spring Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from C$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 | C$750 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | C$785 |
| King Street Towers - Student Living | 4 Bedroom/ 3 Bath | 4BR,3BA | C$830 |
| MyRez On Lester - Student Living | 5 Bedroom, 2.5 Bath | 5BR,2BA | C$1,225 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | C$1,280 |
Best Value Apartments for Rent in Waterloo North West, ON
As of October 06, 2025 the best value apartment in the Waterloo North West area is the C$0.81 price per square foot 5 Bedroom, 2.5 Bath Model at MyRez On Lester - Student Living in the in the Waterloo North East neighborhood starting from C$1,225. The second greatest value Waterloo North West apartment is the Two Bedroom Model at Beacon Tower starting at C$2,180 with a C$2.14 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. |
|---|---|---|---|
| MyRez On Lester - Student Living | 5 Bedroom, 2.5 Bath | 5BR,2.5BA | C$0.81 |
| Beacon Tower | Two Bedroom | 2BR,1BA | C$2.14 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | C$1.27 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.37 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.46 |
| Parkside Tower | 2 Bedroom, 1 Bathroom | 2BR,1BA | C$2.27 |
| 505 Parkside D | Two Bedroom Apartment | 2BR,1BA | C$2.31 |
| Sugarbush Gardens | First Floor | 2BR,1BA | C$2.47 |
| 45 Caroline St N | One Bedroom Apartment | 1BR,1BA | C$2.43 |
| Davenport Apartments | 1 Bedroom | 1BR,1BA | C$2.26 |
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 C$1,799.
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 C$785, while the average apartment in Waterloo North West costs C$2,730.
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 24 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 C$2,570 which is C$160 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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.