
Cheap Apartments for Rent in the Waterloo North West Neighborhood of Waterloo, ON from $575 (108 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo North West area of Waterloo.


36 Columbia St W

King Street Towers

261-261 Lester St

251-251 Lester St

253-253 Lester St

261 Lester St

Total Monthly Price
86 University Av W

253 Lester St

392 Albert St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

251 Lester St

295 Lester St

MyRez on Lester

Preston House

The HUB GEOWAVE

The HUB - 365 Albert

THE LINQ

200 Shakespeare Drive

380 Erb St. W

275 Larch St
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.

Beechwood Apartments

595 Silverbirch Rd

193 Pinegrove Crescent

383 Albert St

602 Silverbirch Rd

457 Albert St

251 Erb St. W

143 Columbia

Walnut Village Inc.

Spring Village
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

308 Hawthorn St

433 Keats Way

433 Keats Way

261 Lester St

38 High St

38 High St

271 Lester St

225 Shakespeare Dr

225 Shakespeare Dr

Linden Village Inc.
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.

253 Lester St

251 Lester St

288 Albert St

288 Albert St

330 Phillip St, Unit 219

330 Phillip St, Unit 219

330 Phillip St

330 Phillip St

311 Batavia Pl

62 Balsam St, Unit H201
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.
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 | $1,531 | $1,517 | $1,545 |
| Waterloo North West 1 Bedroom Apartments | $1,733 | $750 | $5,180 |
| Waterloo North West 2 Bedroom Apartments | $2,063 | $1,695 | $5,665 |
| Waterloo North West 3 Bedroom Apartments | $2,974 | $2,340 | $6,105 |
| Waterloo North West 4 Bedroom Apartments | $1,444 | $645 | $3,620 |
| Waterloo North West 5 Bedroom Apartments | $1,634 | $575 | $5,650 |
Browse Apartments in this Neighborhood
There are currently 108 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 4 Beds unit found at 143 Columbia priced from $590. Walnut Village Inc. has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here are the most affordable Waterloo North West apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 143 Columbia | LpSt2 | 4BR,2BA | $590 |
| Walnut Village Inc. | 1 Bedroom Shared Accommodation | 1BR,1BA | $599 |
| 255 Sunview St | 1 Bedroom | 1BR,1BA | $1,326 |
| THE LINQ | 1 Bedroom plus Dining | 1BR,1BA | $1,468 |
| 605 Davenport Road | One bedroom with one bathroom | 1BR,1BA | $1,497 |
| 200 Shakespeare Drive | 0 Bedroom, 1 Bathroom | Studio,1BA | $1,517 |
| 228 Albert St | 1 Bedroom plus Den | 1BR,1BA | $1,522 |
| 246 Albert St | 1 Bedroom plus Dining | 1BR,1BA | $1,527 |
| 239 Albert St | 1 Bedroom plus Den | 1BR,1BA | $1,532 |
| 67 Milford Ave | One Bedroom | 1BR,1BA | $1,549 |
Best Value Apartments for Rent in Waterloo North West, ON
As of August 30, 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 Bedroom Model at The HUB GEOWAVE starting at $1,807 with a $1.63 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. |
|---|---|---|---|
| Sunnydale | 3 Bedroom(s) and 1.5 Bathroom(s) | 3BR,1.5BA | $1.77 |
| The HUB GEOWAVE | 2 Bedroom | 2BR,2BA | $1.63 |
| The HUB - 365 Albert | 2 Bedroom | 2BR,2BA | $1.63 |
| Parkside Tower | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.97 |
| 383 Albert St | One Bedroom Apartment | 1BR,1BA | $1.85 |
| Beechwood Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.88 |
| Beacon Tower | One Bedroom | 1BR,1BA | $1.97 |
| 434 Hazel St | One Bedroom | 1BR,1BA | $1.94 |
| 520 Parkside Dr | One Bedroom Apartment | 1BR,1BA | $2.23 |
| THE LINQ | 1 Bedroom plus Den | 1BR,1BA | $2.20 |
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 $599 at Walnut Village Inc..
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 $1,807 at The HUB - 365 Albert.
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 80 Churchill St and starts from $2,095.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.