Cheap Homes for Rent in Waterloo North West Neighborhood of Waterloo, ON from $500 (27 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 407 Keats Way

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

5 Bedroom, 2.5 Bath Townhome for Rent

Available Now

407 Keats Way

WaterlooONN2L 5S7
property at 271 Lester St

$750 - $795

5 Bedroom Rentals

Available Now

271 Lester St

WaterlooONN2L 3W6

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property at 67 Karen Walk

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 1 Bath Home for Rent

Available Now

67 Karen Walk

WaterlooONN2L 5X1

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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 5 Beds unit found at Preston House priced from $749. King Street Towers has the second lowest priced unit, which is a 6 Beds apartment currently listed from $750. Here are the most affordable Waterloo North West apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
Preston House5 Bedroom, 5 Bath5BR,5BA$749
King Street Towers6 Bedroom/ 5 Bath Tower 26BR,5BA$750
Spring Village1 Bedroom Shared Accommodation1BR,1BA$785
Avenue ApartmentsStudio, 1 BathroomStudio,1BA$1,475
605 Davenport RoadOne bedroom with one bathroom1BR,1BA$1,497
200 Shakespeare Drive0 Bedroom, 1 BathroomStudio,1BA$1,520
Westwood Drive Apartments1 Bedroom Model1BR,1BA$1,525
81 Westwood Dr1 Bedroom Model1BR,1BA$1,525
67 Milford AveOne Bedroom1BR,1BA$1,549
Parkside Tower1 Bedroom, 1 Bathroom1BR,1BA$1,555

Best Value Apartments for Rent in Waterloo North West, ON

As of May 30, 2026 the best value apartment in the Waterloo North West area is the $1.90 price per square foot 2-Level Townhouse 2 Bed + 3 Bath + Den + Media ... Model at The Carrick in the in the Kitchener South West neighborhood starting from $3,945. The second greatest value Waterloo North West apartment is the 3 Bedroom(s) and 1.5 Bathroom(s) Model at Sunnydale starting at $2,650 with a $1.77 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Carrick2-Level Townhouse 2 Bed + 3 Bath + Den + Media ...2BR,3BA$1.90
Sunnydale3 Bedroom(s) and 1.5 Bathroom(s)3BR,1.5BA$1.77
King Street Towers5 Bedroom/ 5 Bath Tower 15BR,5BA$0.85
520 Parkside DrThree Bedroom Apartment3BR,1.5BA$1.96
Preston House5 Bedroom, 5 Bath5BR,5BA$0.74
383 Albert StTwo Bedroom Apartment2BR,1BA$2.08
Beacon TowerOne Bedroom1BR,1BA$1.99
Westwood Drive Apartments2 Bedroom Model2BR,1BA$2.25
81 Westwood Dr1 Bedroom Model1BR,1BA$2.19
605 Davenport RoadOne bedroom with one bathroom1BR,1BA$2.26

Frequently Asked Questions about Waterloo North West

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

There are currently 286 Apartments for Rent in Waterloo North West, ON with pricing that ranges from $500 to $6,105. There are also 289 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo North West ranging from $500 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 $500 to $5,500 with an average monthly rent of $2,232.

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 $500 to $6,105, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,750. Four Bedroom Single-Family rentals are also available starting from $998 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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.