
Cheap Homes for Rent in Waterloo North West Neighborhood of Waterloo, ON from $500 (27 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterloo North West area of Waterloo.


271 Lester St

392 Albert St

392 Albert St

338 Albert St

338 Albert St
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.

288 Albert St

288 Albert St

608 Woolgrass Ave

608 Woolgrass Ave

275 Larch St

275 Larch 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.

99 Westwood Dr

317 Erb St. W

843 Brandenburg Blvd

843 Brandenburg Blvd

275 Larch St

275 Larch St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

275F Larch St

275F Larch St

67 Karen Walk

257 Hemlock St

257 Hemlock St

275 Larch St
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.

275 Larch St

2111 Countrystone Pl

2111 Countrystone Pl
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 | $2,153 | $1,250 | $2,900 |
| Waterloo North West 3 Bedroom Homes for Rent | $2,811 | $1,500 | $3,750 |
| Waterloo North West 4 Bedroom Homes for Rent | $2,273 | $998 | $3,995 |
| Waterloo North West 5 Bedroom Homes for Rent | $2,888 | $500 | $5,500 |
Browse Homes for Rent in this Neighborhood
There are currently 27 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $749 |
| King Street Towers | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | $750 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $785 |
| Avenue Apartments | Studio, 1 Bathroom | Studio,1BA | $1,475 |
| 605 Davenport Road | One bedroom with one bathroom | 1BR,1BA | $1,497 |
| 200 Shakespeare Drive | 0 Bedroom, 1 Bathroom | Studio,1BA | $1,520 |
| Westwood Drive Apartments | 1 Bedroom Model | 1BR,1BA | $1,525 |
| 81 Westwood Dr | 1 Bedroom Model | 1BR,1BA | $1,525 |
| 67 Milford Ave | One Bedroom | 1BR,1BA | $1,549 |
| Parkside Tower | 1 Bedroom, 1 Bathroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Carrick | 2-Level Townhouse 2 Bed + 3 Bath + Den + Media ... | 2BR,3BA | $1.90 |
| Sunnydale | 3 Bedroom(s) and 1.5 Bathroom(s) | 3BR,1.5BA | $1.77 |
| King Street Towers | 5 Bedroom/ 5 Bath Tower 1 | 5BR,5BA | $0.85 |
| 520 Parkside Dr | Three Bedroom Apartment | 3BR,1.5BA | $1.96 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $0.74 |
| 383 Albert St | Two Bedroom Apartment | 2BR,1BA | $2.08 |
| Beacon Tower | One Bedroom | 1BR,1BA | $1.99 |
| Westwood Drive Apartments | 2 Bedroom Model | 2BR,1BA | $2.25 |
| 81 Westwood Dr | 1 Bedroom Model | 1BR,1BA | $2.19 |
| 605 Davenport Road | One bedroom with one bathroom | 1BR,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

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.

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.

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.

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.