Cheap Homes for Rent in the Waterloo North West Neighborhood of Waterloo, ON from $700 (34 Rentals)

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

property at 271 Lester St

$750

5 Bedroom Rentals

Available Now

271 Lester St

WaterlooONN2L 3W6

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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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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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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 $611. Preston House has the second lowest priced unit, which is a 5 Beds apartment currently listed from $1,150. Here are the most affordable Waterloo North West apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
Spring Village1 Bedroom Shared Accommodation1BR,1BA$611
Preston House5 Bedroom, 5 Bath5BR,5BA$1,150
The HUB - 365 Albert1 Bedroom1BR,1BA$1,394
The HUB GEOWAVE1 Bedroom1BR,1BA$1,425
THE LINQ1 Bedroom plus Dining1BR,1BA$1,452
Avenue ApartmentsStudio, 1 BathroomStudio,1BA$1,475
228 Albert St1 Bedroom plus Dining1BR,1BA$1,495
605 Davenport RoadOne bedroom with one bathroom1BR,1BA$1,497
67 Milford AveOne Bedroom1BR,1BA$1,499
246 Albert St1 Bedroom plus Dining1BR,1BA$1,510

Best Value Apartments for Rent in Waterloo North West, ON

As of July 15, 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 Beds, 1.5 baths Model at Beechwood Apartments starting at $1,995 with a $1.79 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sunnydale3 Bedroom(s) and 1.5 Bathroom(s)3BR,1.5BA$1.77
Beechwood Apartments2 Beds, 1.5 baths2BR,1.5BA$1.79
Preston House5 Bedroom, 5 Bath5BR,5BA$1.14
Parkside Tower2 Bedroom, 1 Bathroom2BR,1BA$1.98
512 Albert St2 Bedroom2BR,1BA$1.99
383 Albert StTwo Bedroom Apartment2BR,1BA$2.08
646 Silverbirch Rd2 Bedroom2BR,1BA$2.06
The HUB - 365 Albert1 Bedroom plus Den1BR,1BA$2.07
434 Hazel StOne Bedroom1BR,1BA$2.03
131 University1 Bedroom plus Den1BR,1BA$2.15

Frequently Asked Questions about Waterloo North West

What type of rentals are currently available in Waterloo North West?

There are currently 291 Apartments for Rent in Waterloo North West, ON with pricing that ranges from $745 to $6,105. There are also 297 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo North West ranging from $750 to $5,500.

What is the current price range for Rental Homes in Waterloo North West?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterloo North West ranges from $750 to $5,500 with an average monthly rent of $2,585.

How much are larger Three and Four Bedroom Rentals in Waterloo North West?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterloo North West range from $2,150 to $6,105, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $3,750. Four Bedroom Single-Family rentals are also available starting from $799 and Four Bedroom Apartments start at $750.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.