379-379 Erb St. W
WaterlooONN2L 1W7
Cheap Apartments for Rent in the Waterloo North West Neighborhood of Waterloo, ON from $500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo North West area of Waterloo.
251-251 Lester St
WaterlooONN2L 3W6
253-253 Lester St
WaterlooONN2L 3W6
271-271 Lester St
WaterlooONN2L 3W6
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Rent Specials
$1,060 - $1,3505 Bedroom Apartments Available Now
MyRez On Lester - Student Living
181 Lester StWaterloo, ON N2L 3W3
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Rent Specials
$1,060 - $1,2003 to 6 Bedroom Apartments Available Now
King Street Towers - Student Living
333-339 King St NWaterloo, ON N2J 0C5
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 - $1,1161 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
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$8951 to 2 Bedroom Apartments
251 Lester St
251 Lester StWaterloo, ON N2L 3W6
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$1,110 - $2,500Studio to 2 Bedroom Apartments
Sage Six
251 Hemlock StWaterloo, ON N2L 3R4
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.
Showing Results 1-12, 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 | $1,425 | $1,425 | $1,425 |
| Waterloo North West 1 Bedroom Apartments | $2,150 | $575 | $2,695 |
| Waterloo North West 2 Bedroom Apartments | $2,439 | $1,800 | $3,719 |
| Waterloo North West 3 Bedroom Apartments | $1,887 | $1,200 | $2,300 |
| Waterloo North West 4 Bedroom Apartments | $1,562 | $1,060 | $2,700 |
| Waterloo North West 5 Bedroom Apartments | $1,070 | $750 | $1,350 |
Browse Apartments in this Neighborhood
There are currently 12 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. MyRez On Lester - Student Living has the second lowest priced unit, which is a 5 Beds apartment currently listed from $1,060. 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 |
| MyRez On Lester - Student Living | 5 Bedroom, 2.5 Bath | 5BR,2BA | $1,060 |
| King Street Towers - Student Living | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | $1,060 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $1,065 |
| Sage Six | Studio, 1 bath | Studio,1BA | $1,110 |
Best Value Apartments for Rent in Waterloo North West, ON
As of January 08, 2026 the best value apartment in the Waterloo North West area is the $1.90 price per square foot 3 Beds, 2 baths Model at Ivy Towns in the in the Waterloo North East neighborhood starting from $3,450. The second greatest value Waterloo North West apartment is the 3 Beds, 2.5 baths Model at Ivy Two starting at $3,000 with a $1.97 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 Towns | 3 Beds, 2 baths | 3BR,2BA | $1.90 |
| Ivy Two | 3 Beds, 2.5 baths | 3BR,2.5BA | $1.97 |
| MyRez On Lester - Student Living | 5 Bedroom, 2.5 Bath | 5BR,2.5BA | $0.70 |
| Sunnydale | 3 Bedroom(s) and 1.5 Bathroom(s) | 3BR,1.5BA | $1.67 |
| King Street Towers - Student Living | 4 Bedroom/ 4 Bath | 4BR,4BA | $1.04 |
| Beacon Tower | Two Bedroom | 2BR,1BA | $1.91 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $1.06 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1.31 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1.38 |
| Parkside Tower | 2 Bedroom, 1 Bathroom | 2BR,1BA | $2.15 |
Frequently Asked Questions about Cheap Waterloo North West Apartments
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 $2,288.
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 19 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 $793 which is $1,495 cheaper than the average rent for all rentals in Waterloo North West.
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!