Cheap Homes for Rent in Waterloo North West Neighborhood of Waterloo, ON from $500 (19 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 378 Albert St

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

4 Bedroom, 1 Bath Home for Rent

Available May 1

378 Albert St

WaterlooONN2L 3V1
property at 250 Keats Way

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

1 Bedroom, 1 Bath Townhome for Rent

Available May 1

250 Keats Way

WaterlooONN2L 6J5
property at 271 Lester St

$795

5 Bedroom Rentals

Available May 1

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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 $785. Avenue Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,425. 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$785
Avenue Apartments0 Bedroom, 1 BathroomStudio,1BA$1,425
200 Shakespeare Drive0 Bedroom, 1 BathroomStudio,1BA$1,480
605 Davenport RoadOne bedroom with one bathroom1BR,1BA$1,497
Westwood Drive Apartments1 Bedroom Model1BR,1BA$1,525

Best Value Apartments for Rent in Waterloo North West, ON

As of April 14, 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
Sunnydale3 Bedroom(s) and 1.5 Bathroom(s)3BR,1.5BA$1.67
520 Parkside DrThree Bedroom Apartment3BR,1.5BA$2.03
Beacon TowerTwo Bedroom2BR,1BA$1.99
105 Golden Eagle RdTownhouse3BR,1.5BA$2.10
Parkside Tower2 Bedroom, 1 Bathroom2BR,1BA$1.90
383 Albert StTwo Bedroom Apartment2BR,1BA$2.08
Quiet PlaceTwo Bedroom2BR,1BA$1.87
81 Westwood Dr1 Bedroom Model1BR,1BA$2.19

Frequently Asked Questions about Waterloo North West

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

There are currently 287 Apartments for Rent in Waterloo North West, ON with pricing that ranges from $500 to $5,740. There are also 220 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo North West ranging from $500 to $6,200.

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 $6,200 with an average monthly rent of $2,367.

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 $2,050, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $4,500. Four Bedroom Single-Family rentals are also available starting from $500 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 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.

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.