Cheap Homes for Rent in Waterloo North West Neighborhood of Waterloo, ON from C$700 (12 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 253 Lester St

253 Lester St

WaterlooONN2L 3W6
property at 271 Lester St

271 Lester St

WaterlooONN2L 3W6
property at 251 Lester St

251 Lester St

WaterlooONN2L 3W6

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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.

Cheapest Available Waterloo North West Apartments for Rent

 

The cheapest available apartment rental in the Waterloo North West area of Waterloo, ON is a Studio unit found at 261 Lester St priced from C$750. Spring Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from C$785. Here are the most affordable Waterloo North West apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
261 Lester St0 Beds, 2 BathsStudio,2BAC$750
Spring Village1 Bedroom Shared Accommodation1BR,1BAC$785
King Street Towers - Student Living4 Bedroom/ 3 Bath4BR,3BAC$830
MyRez On Lester - Student Living5 Bedroom, 2.5 Bath5BR,2BAC$1,225
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BAC$1,280

Best Value Apartments for Rent in Waterloo North West, ON

As of October 14, 2025 the best value apartment in the Waterloo North West area is the C$0.81 price per square foot 5 Bedroom, 2.5 Bath Model at MyRez On Lester - Student Living in the in the Waterloo North East neighborhood starting from C$1,225. The second greatest value Waterloo North West apartment is the 3 Bedroom(s) and 1.5 Bathroom(s) Model at Sunnydale starting at C$2,650 with a C$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.
MyRez On Lester - Student Living5 Bedroom, 2.5 Bath5BR,2.5BAC$0.81
Sunnydale3 Bedroom(s) and 1.5 Bathroom(s)3BR,1.5BAC$1.77
Beacon TowerTwo Bedroom2BR,1BAC$2.14
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BAC$1.27
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BAC$1.37
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BAC$1.46
505 Parkside DTwo Bedroom Apartment2BR,1BAC$2.31
45 Caroline St NOne Bedroom Apartment1BR,1BAC$2.43
609 Davenport Rd1 Bedroom1BR,1BAC$2.15
Davenport Apartments1 Bedroom1BR,1BAC$2.26

Frequently Asked Questions about Waterloo North West

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

There are currently 272 Apartments for Rent in Waterloo North West, ON with pricing that ranges from C$575 to C$6,450. There are also 108 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo North West ranging from C$750 to C$6,000.

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 C$750 to C$6,000 with an average monthly rent of C$2,612.

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 C$2,050 to C$4,365, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$1,050 to C$4,950. Four Bedroom Single-Family rentals are also available starting from C$800 and Four Bedroom Apartments start at C$830.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.