261-261 Lester St
WaterlooONN2L 3W6
Cheap Apartments for Rent in the Waterloo University Neighborhood of Waterloo, ON from $500 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo University area of Waterloo.
379-379 Erb St. W
WaterlooONN2L 1W7
251 Lester St
WaterlooONN2L 3W6
392 Albert St
WaterlooONN2L 3V1
325 Spruce St
WaterlooONN2L 3M6
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Rent Specials
$750 - $5,7404 to 6 Bedroom Apartments Available May 3
King Street Towers
333-339 King St NWaterloo, ON N2J 0C5
271-271 Lester St
WaterlooONN2L 3W6
261 Lester St
WaterlooONN2L 3W6
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.
253-253 Lester St
WaterlooONN2L 3W6
251-251 Lester St
WaterlooONN2L 3W6
253 Lester St
WaterlooONN2L 3W6
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$863
Total Monthly Price
5 Bedroom Apartment Available Sep 1Total Monthly Price
Base Rent
$863
Total Monthly Price
$863
86 University Av W
86 University Av WWaterloo, ON N2L 3C8
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$1,0005 Bedroom Apartment Available Sep 1
295 Lester St
295 Lester StWaterloo, ON N2L 0C1
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Rent Specials
$1,060 - $5,6505 Bedroom Apartments Contact Us For Availability
MyRez on Lester
181 Lester StWaterloo, ON N2L 3W3
378 Albert St
WaterlooONN2L 3V1
407 Keats Way
WaterlooONN2L 5S7
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.
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$675 - $725Studio Apartments
308 Hawthorn St
308 Hawthorn StWaterloo, ON N2L 3N4
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$750Studio to 1 Bedroom Apartments
261 Lester St
261 Lester StWaterloo, ON N2L 3W6
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$785 - $1,0011 to 2 Bedroom Apartments
Spring Village
208 Sunview StWaterloo, ON N2L 3V6
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$785 - $9875 Bedroom Apartments
Linden Village Inc.
203 Lester StWaterloo, ON N2L 0B5
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$795Studio Apartments
253 Lester St
253 Lester StWaterloo, ON N2L 3W6
271 Lester St
WaterlooONN2L 3W6
275 Larch St
WaterlooONN2L 3R2
275 Larch St
WaterlooONN2L 3R2
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.
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
158-1158 King St N
WaterlooONN2J 0E5
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$8951 to 2 Bedroom Apartments
251 Lester St
251 Lester StWaterloo, ON N2L 3W6
392 Albert St
WaterlooONN2L 3V1
392 Albert St
WaterlooONN2L 3V1
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.
330 Phillip St
WaterlooON
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$929 - $1,1405 Bedroom Apartments
185 King St N
185 King St NWaterloo, ON N2J 0E1
338 Albert St
WaterlooONN2L 0G8
338 Albert St
WaterlooONN2L 0G8
288 Albert St
WaterlooONN2L 0G9
288 Albert St
WaterlooONN2L 0G9
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$1,150 - $2,1001 to 2 Bedroom Apartments
311 Batavia Pl
311 Batavia PlWaterloo, ON N2L 3W1
124 King St N
WaterlooONN2J 2X8
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.
124 King St N
WaterlooONN2J 2X8
124 King St N
WaterlooONN2J 2X8
124 King St N
WaterlooONN2J 2X8
Showing Results 1-43, Page 1 of 1
Waterloo University, Waterloo, ON Local Guide
How much does it cost to rent an apartment in Waterloo University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo University Studio Apartments | $1,467 | $1,425 | $1,560 |
| Waterloo University 1 Bedroom Apartments | $2,126 | $550 | $5,180 |
| Waterloo University 2 Bedroom Apartments | $2,303 | $1,240 | $5,665 |
| Waterloo University 3 Bedroom Apartments | $2,973 | $2,050 | $6,105 |
| Waterloo University 4 Bedroom Apartments | $1,656 | $732 | $3,620 |
| Waterloo University 5 Bedroom Apartments | $2,312 | $717 | $5,650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 2 mile radius of the Waterloo University Neighborhood of Waterloo, ON.
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Cheapest Available Waterloo University Apartments for Rent
The cheapest available apartment rental in the Waterloo University area of Waterloo, ON is a 1 Bed unit found at Spring Village priced from $785. 185 King St N has the second lowest priced unit, which is a 5 Beds apartment currently listed from $929. Here are the most affordable Waterloo University apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $785 |
| 185 King St N | 5 Beds, 5 baths | 5BR,5BA | $929 |
| Avenue Apartments | 0 Bedroom, 1 Bathroom | Studio,1BA | $1,425 |
| Sage X | Studio | 1BR,1BA | $1,450 |
| 200 Shakespeare Drive | 0 Bedroom, 1 Bathroom | Studio,1BA | $1,460 |
| Sage Platinum | Studio | Studio,1BA | $1,575 |
| 275 Larch St | 498 | 1BR,1BA | $1,625 |
| Beacon Tower | One Bedroom | 1BR,1BA | $1,650 |
| 255 Sunview St | 1 Bedroom | 1BR,1BA | $1,686 |
| 45 Caroline St N | One Bedroom Apartment | 1BR,1BA | $1,699 |
Best Value Apartments for Rent in Waterloo University, ON
As of April 22, 2026 the best value apartment in the Waterloo University area is the $2.30 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 $4,505. The second greatest value Waterloo University apartment is the 3 Bedroom Model at Ivy Three starting at $3,400 with a $1.81 price per square foot in the Waterloo North East neighborhood. Here is today’s list of the best values for Waterloo University 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 | $2.30 |
| Ivy Three | 3 Bedroom | 3BR,3BA | $1.81 |
| Ivy Towns | 3 Beds, 2 baths | 3BR,2BA | $1.73 |
| Beacon Tower | Two Bedroom | 2BR,1BA | $1.99 |
| 9 Lodge Street | 2 Bedroom | 2BR,1BA | $2.29 |
| 383 Albert St | Two Bedroom Apartment | 2BR,1BA | $2.08 |
| Waterloo Heights Apartments & Townhomes | Rent only One bedroom | 1BR,1BA | $2.30 |
| The HUB - 365 Albert | 1 Bedroom plus Den | 1BR,1BA | $2.67 |
| 45 Caroline St N | One Bedroom Apartment | 1BR,1BA | $2.23 |
| 55 Caroline St | One Bedroom Apartment | 1BR,1BA | $2.40 |
Frequently Asked Questions about Cheap Waterloo University Apartments
What is the price of a cheap apartment in Waterloo University?
The cheapest apartment in Waterloo University is Spring Village which is listed at $785, while the average apartment in Waterloo University costs $3,400.
What types of apartments are the cheapest in Waterloo University?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 26 regular apartments in Waterloo University that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Waterloo University?
Cheap apartments in Waterloo University have an average cost of $1,773 which is $1,627 cheaper than the average rent for all rentals in Waterloo University.
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
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.
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.
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.
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.