379 Erb St. W
WaterlooONN2L 1W7
Cheap Apartments for Rent in the Waterloo North West Neighborhood of Waterloo, ON from C$500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo North West area of Waterloo.
104-104 Lester St
WaterlooONN2L 0C2
405-405 Lester St
WaterlooONN2L 3W6
202-202 Lester St
WaterlooONN2L 3W4
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.
504-504 Lester St
WaterlooONN2L 3W6
304-304 Lester St
WaterlooONN2L 3W6
303-303 Lester St
WaterlooONN2L 0C1
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from C$7303 to 6 Bedroom Apartments Available Now
King Street Towers
333-339 King St NWaterloo, ON N2J 0C5
261 Lester St
WaterlooONN2L 3W6
253 Lester St
WaterlooONN2L 3W6
204-204 Lester St
WaterlooONN2L 3W4
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.
604-604 Lester St
WaterlooONN2L 3W6
110 University Av W
WaterlooONN2L 3E2
392 Albert St
WaterlooONN2L 3V1
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275 Larch St
WaterlooONN2L 3R2
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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.
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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 Studio Apartments | C$780 | C$700 | C$995 |
| Waterloo North West 1 Bedroom Apartments | C$2,175 | C$850 | C$2,795 |
| Waterloo North West 2 Bedroom Apartments | C$2,642 | C$1,799 | C$4,505 |
| Waterloo North West 3 Bedroom Apartments | C$3,212 | C$2,050 | C$3,735 |
| Waterloo North West 4 Bedroom Apartments | C$2,420 | C$730 | C$4,500 |
| Waterloo North West 5 Bedroom Apartments | C$2,900 | C$575 | C$6,125 |
Browse Apartments in this Neighborhood
There are currently 22 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 6 Beds unit found at King Street Towers priced from C$730. 253 Lester St has the second lowest priced unit, which is a Studio apartment currently listed from C$795. Here are the most affordable Waterloo North West apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| King Street Towers | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | C$730 |
| 253 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$795 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | C$968 |
| Fergus House | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1,350 |
| Hespeler House | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1,375 |
Best Value Apartments for Rent in Waterloo North West, ON
As of June 09, 2025 the best value apartment in the Waterloo North West area is the C$2.04 price per square foot 4 Bedroom Townhouse Model at Sunnydale in the in the Waterloo North West neighborhood starting from C$2,850. The second greatest value Waterloo North West apartment is the Three Bedroom Apartment Model at 520 Parkside Dr starting at C$2,199 with a C$1.94 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunnydale | 4 Bedroom Townhouse | 4BR,2BA | C$2.04 |
| 520 Parkside Dr | Three Bedroom Apartment | 3BR,1.5BA | C$1.94 |
| Fergus House | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.37 |
| Hespeler House | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.49 |
| Avenue Apartments | 2 Bedroom(s) and 1 Bathroom(s) | 2BR,1BA | C$2.50 |
| 505 Parkside D | Two Bedroom Apartment | 2BR,1BA | C$2.42 |
| Sugarbush Gardens | First Floor | 2BR,1BA | C$2.47 |
| 45 Caroline St N | One Bedroom Apartment | 1BR,1BA | C$2.43 |
| The Carrick | 1 Bedroom + 1 Bath | 1BR,1BA | C$2.51 |
| Davenport Apartments | 1 Bedroom | 1BR,1BA | C$2.27 |
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$1,829.
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$968, while the average apartment in Waterloo North West costs C$3,735.
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 23 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$2,384 which is C$1,351 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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.