Cheap Apartments for Rent in the Waterloo North West Neighborhood of Waterloo, ON from $500 (63 Rentals)

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

property at 365 Roselawn Pl

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

3 Bedroom, 1 Bath Home for Rent

Available Now

365 Roselawn Pl

WaterlooONN2L 5P1
property at 392 Albert St

$740 - $795

1 Bedroom Rentals

Available Now

392 Albert St

WaterlooONN2L 3V1
property at 261 Lester St

$600 - $795

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 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.

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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 716 Glen Forrest Blvd

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

2 Bedroom, 1 Bath Home for Rent

Available Now

716 Glen Forrest Blvd

WaterlooONN2L 4K8
property at 308 Lester St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

308 Lester St

WaterlooONN2L 0H9

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.

property at 407 Keats Way

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

5 Bedroom, 2.5 Bath Townhome for Rent

Available Now

407 Keats Way

WaterlooONN2L 5S7
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308 Hawthorn St
$675 - $725Studio Apartments

308 Hawthorn St

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

261 Lester St

261 Lester StWaterloo, ON N2L 3W6
Student Housing
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Linden Village Inc.
$785 - $9875 Bedroom Apartments

Linden Village Inc.

203 Lester StWaterloo, ON N2L 0B5
Student Housing
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Spring Village
$785 - $1,0011 to 2 Bedroom Apartments

Spring Village

208 Sunview StWaterloo, ON N2L 3V6
Student Housing
  • Smoke Free
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253 Lester St
$795Studio Apartments

253 Lester St

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

$795

5 Bedroom Rentals

Available Now

271 Lester St

WaterlooONN2L 3W6
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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.

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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
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Sage X
$1,450 - $2,500Studio to 2 Bedroom Apartments

Sage X

257 Hemlock StWaterloo, ON N2L 0K2
Furnished
  • 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.

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605 Davenport Road
$1,4971 Bedroom Apartments

605 Davenport Road

605 Davenport RdWaterloo, ON N2L 6H8
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609 Davenport Rd
$1,4971 Bedroom Apartments

609 Davenport Rd

609 Davenport RdWaterloo, ON N2L 6H9
  • Utilities Included
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430 Hazel St
$1,5001 Bedroom Apartments

430 Hazel St

430 Hazel StWaterloo, ON N2L 3P7
property at 67 Karen Walk

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 1 Bath Home for Rent

Available Now

67 Karen Walk

WaterlooONN2L 5X1

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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.

Cheapest Available Waterloo North West Apartments for Rent

 

The cheapest available apartment rental in the Waterloo North West area of Waterloo, ON is a 5 Beds unit found at Preston House priced from $749. King Street Towers has the second lowest priced unit, which is a 6 Beds apartment currently listed from $750. Here are the most affordable Waterloo North West apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
Preston House5 Bedroom, 5 Bath5BR,5BA$749
King Street Towers6 Bedroom/ 5 Bath Tower 26BR,5BA$750
Spring Village1 Bedroom Shared Accommodation1BR,1BA$785
Avenue ApartmentsStudio, 1 BathroomStudio,1BA$1,475
605 Davenport RoadOne bedroom with one bathroom1BR,1BA$1,497
200 Shakespeare Drive0 Bedroom, 1 BathroomStudio,1BA$1,520
Westwood Drive Apartments1 Bedroom Model1BR,1BA$1,525
81 Westwood Dr1 Bedroom Model1BR,1BA$1,525
67 Milford AveOne Bedroom1BR,1BA$1,549
Parkside Tower1 Bedroom, 1 Bathroom1BR,1BA$1,555

Best Value Apartments for Rent in Waterloo North West, ON

As of May 30, 2026 the best value apartment in the Waterloo North West area is the $1.90 price per square foot 2-Level Townhouse 2 Bed + 3 Bath + Den + Media ... Model at The Carrick in the in the Kitchener South West neighborhood starting from $3,945. The second greatest value Waterloo North West apartment is the 3 Bedroom(s) and 1.5 Bathroom(s) Model at Sunnydale starting at $2,650 with a $1.77 price per square foot in the Waterloo North 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.
The Carrick2-Level Townhouse 2 Bed + 3 Bath + Den + Media ...2BR,3BA$1.90
Sunnydale3 Bedroom(s) and 1.5 Bathroom(s)3BR,1.5BA$1.77
King Street Towers5 Bedroom/ 5 Bath Tower 15BR,5BA$0.85
520 Parkside DrThree Bedroom Apartment3BR,1.5BA$1.96
Preston House5 Bedroom, 5 Bath5BR,5BA$0.74
383 Albert StTwo Bedroom Apartment2BR,1BA$2.08
Beacon TowerOne Bedroom1BR,1BA$1.99
Westwood Drive Apartments2 Bedroom Model2BR,1BA$2.25
81 Westwood Dr1 Bedroom Model1BR,1BA$2.19
605 Davenport RoadOne bedroom with one bathroom1BR,1BA$2.26

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 $785 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 $1,799 at 383 Albert St.

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

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.