Cheap Homes for Rent in Waterloo North West Neighborhood of Waterloo, ON from $700 (26 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 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

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.

property at 251 Lester St

$825

5 Bedroom Rentals

Available Sep 1

251 Lester St

WaterlooONN2L 3W6

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.

property at 99 Westwood Dr

$1,600 - $1,800

1 To 2 Bedroom Rentals

Available Feb 1

99 Westwood Dr

KitchenerONN2M 2K7

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

property at 21 Beverley St.

$1,750

3 Bedroom, 1 Bath Home for Rent

Available Now

21 Beverley St.

WaterlooONN2L 2H5

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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 1 Bed unit found at Spring Village priced from $785. MyRez On Lester - Student Living has the second lowest priced unit, which is a 5 Beds apartment currently listed from $1,060. 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
MyRez On Lester - Student Living5 Bedroom, 2.5 Bath5BR,2BA$1,060
King Street Towers - Student Living6 Bedroom/ 5 Bath Tower 26BR,5BA$1,060
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$1,065
Sage SixStudio, 1 bathStudio,1BA$1,110
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BA$1,271
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BA$1,285
Sage XStudio, 1 bathStudio,1BA$1,400
Avenue Apartments0 Bedroom, 1 BathroomStudio,1BA$1,425
Davenport Apartments1 Bedroom1BR,1BA$1,497

Best Value Apartments for Rent in Waterloo North West, ON

As of January 13, 2026 the best value apartment in the Waterloo North West area is the $1.90 price per square foot 3 Beds, 2 baths Model at Ivy Towns in the in the Waterloo North East neighborhood starting from $3,450. The second greatest value Waterloo North West apartment is the 3 Beds, 2.5 baths Model at Ivy Two starting at $3,000 with a $1.97 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 Towns3 Beds, 2 baths3BR,2BA$1.90
Ivy Two3 Beds, 2.5 baths3BR,2.5BA$1.97
MyRez On Lester - Student Living5 Bedroom, 2.5 Bath5BR,2.5BA$0.70
Sunnydale3 Bedroom(s) and 1.5 Bathroom(s)3BR,1.5BA$1.67
King Street Towers - Student Living4 Bedroom/ 4 Bath4BR,4BA$1.04
Beacon TowerTwo Bedroom2BR,1BA$1.91
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$1.06
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BA$1.31
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BA$1.38
Parkside Tower2 Bedroom, 1 Bathroom2BR,1BA$2.15

Frequently Asked Questions about Waterloo North West

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

There are currently 273 Apartments for Rent in Waterloo North West, ON with pricing that ranges from $575 to $4,505. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo North West ranging from $750 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 $750 to $4,950 with an average monthly rent of $2,271.

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 $1,200 to $2,300, 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 $800 and Four Bedroom Apartments start at $1,060.

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 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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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!