
Cheap Homes for Rent in Waterloo North West Neighborhood of Waterloo, ON from $700 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterloo North West area of Waterloo.


250 Keats Way

770 Brandenburg Blvd

261 Lester St

253 Lester St

271 Lester St
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.

251 Lester St

770 Brandenburg Blvd

275 Larch St

288 Albert St

235 Raspberry Pl

683-B Wild Ginger Ave
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.

129 Hazelglen Dr

129 Hazelglen Dr

233 Benesfort Cres

155 Sunpoint Crescent

736 Old Albert St

99 Westwood Dr
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.

4 Fernwood Pl

406 Tamarack Dr

400 Wild Calla St

21 Beverley St.

21 Beverley St.

101 Golden Eagle Rd
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.

210 Erb St. W

641 Frieburg Dr
Waterloo North West, Waterloo, ON Local Guide

How much does it cost to rent a home in Waterloo North West?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo North West 2 Bedroom Homes for Rent | $2,090 | $1,499 | $2,900 |
| Waterloo North West 3 Bedroom Homes for Rent | $2,843 | $1,750 | $4,950 |
| Waterloo North West 4 Bedroom Homes for Rent | $2,789 | $800 | $4,400 |
| Waterloo North West 5 Bedroom Homes for Rent | $2,377 | $750 | $4,300 |
Browse Homes for Rent in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Waterloo North West Neighborhood of Waterloo, ON.
Explore Waterloo
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 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1,271 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1,285 |
| Sage X | Studio, 1 bath | Studio,1BA | $1,400 |
| Avenue Apartments | 0 Bedroom, 1 Bathroom | Studio,1BA | $1,425 |
| Davenport Apartments | 1 Bedroom | 1BR,1BA | $1,497 |
Best Value Apartments for Rent in Waterloo North West, ON
As of January 13, 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 Waterloo North West
What type of rentals are currently available in Waterloo North West?
There are currently 273 Apartments for Rent in Waterloo North West, ON with pricing that ranges from $575 to $4,505. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo North West ranging from $750 to $4,950.
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 $4,950 with an average monthly rent of $2,271.
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 $1,200 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $4,950. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $1,060.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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!