Cheap Homes for Rent in Waterloo North West Neighborhood of Waterloo, ON from $800 (33 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 251 Lester St

$825

5 Bedroom Rentals

Available Sep 1

251 Lester St

WaterlooONN2L 3W6
property at 261 Lester St

$825

5 Bedroom Rentals

Available Sep 1

261 Lester St

WaterlooONN2L 3W6
property at 253 Lester St

$825

5 Bedroom Rentals

Available Sep 1

253 Lester St

WaterlooONN2L 3W6
property at 271 Lester St

$825

5 Bedroom Rentals

Available Sep 1

271 Lester St

WaterlooONN2L 3W6

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property at 99 Westwood Dr

$1,500 - $1,700

1 To 2 Bedroom Rentals

Available Mar 1

99 Westwood Dr

KitchenerONN2M 2K7

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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 - Student Living priced from $717. Hespeler House - Student Living has the second lowest priced unit, which is a 4 Beds apartment currently listed from $732. Here are the most affordable Waterloo North West apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$717
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BA$732
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BA$732
King Street Towers - Student Living6 Bedroom/ 5 Bath Tower 26BR,5BA$750
Spring Village1 Bedroom Shared Accommodation1BR,1BA$785
Avenue Apartments0 Bedroom, 1 BathroomStudio,1BA$1,425
Sage XStudio1BR,1BA$1,450
200 Shakespeare Drive0 Bedroom, 1 BathroomStudio,1BA$1,480
Westwood Drive Apartments1 Bedroom Model1BR,1BA$1,525
81 Westwood Dr1 Bedroom Model1BR,1BA$1,525

Best Value Apartments for Rent in Waterloo North West, ON

As of February 28, 2026 the best value apartment in the Waterloo North West area is the $1.92 price per square foot 3 Beds, 2.5 baths Model at Ivy Two in the in the Waterloo North East neighborhood starting from $3,600. The second greatest value Waterloo North West apartment is the 3 Bedroom Model at Ivy Three starting at $3,600 with a $1.92 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Ivy Two3 Beds, 2.5 baths3BR,2.5BA$1.92
Ivy Three3 Bedroom3BR,2.5BA$1.92
Ivy Towns3 Beds, 2 baths3BR,2BA$1.73
Sunnydale3 Bedroom(s) and 1.5 Bathroom(s)3BR,1.5BA$1.67
King Street Towers - Student Living5 Bedroom/ 5 Bath Tower 15BR,5BA$0.85
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$0.71
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BA$0.75
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BA$0.79
Parkside Tower2 Bedroom, 1 Bathroom2BR,1BA$1.90
Beacon TowerOne Bedroom1BR,1BA$2.06

Frequently Asked Questions about Waterloo North West

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

There are currently 280 Apartments for Rent in Waterloo North West, ON with pricing that ranges from $500 to $5,650. There are also 209 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo North West ranging from $825 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 $825 to $4,950 with an average monthly rent of $2,225.

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 $2,050 to $2,395, 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 $998 and Four Bedroom Apartments start at $732.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.