36 Columbia St W
WaterlooONN2L 3K5
Cheap Apartments for Rent in the Waterloo University Neighborhood of Waterloo, ON from $590 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo University area of Waterloo.
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$750 - $3,6204 to 6 Bedroom Apartments Available Now
King Street Towers
333-339 King St NWaterloo, ON N2J 0C5
261-261 Lester St
WaterlooONN2L 3W6
251-251 Lester St
WaterlooONN2L 3W6
253-253 Lester St
WaterlooONN2L 3W6
261 Lester St
WaterlooONN2L 3W6
253 Lester St
WaterlooONN2L 3W6
392 Albert St
WaterlooONN2L 3V1
251 Lester St
WaterlooONN2L 3W6
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$1,060 - $5,6505 Bedroom Apartments Available Soon
MyRez on Lester
181 Lester StWaterloo, ON N2L 3W3
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,1505 Bedroom Apartments Available Now
Preston House
315 King St NWaterloo, ON N2J 2Z1
275 Larch St
WaterlooONN2L 0J5
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$1,409 - $2,3401 to 2 Bedroom Apartments Available Now
The HUB - 365 Albert
365 Albert StWaterloo, ON N2L 3V2
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$1,409 - $2,9771 to 2 Bedroom Apartments Available Now
The HUB GEOWAVE
130 Columbia St WWaterloo, ON N2L 3V2
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$1,468 - $1,9711 Bedroom Apartments Available Now
THE LINQ
258 Lester StWaterloo, ON N2L 0K3
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$1,475 - $2,673Studio to 3 Bedroom Apartments Available Now
Avenue Apartments
137 University Ave WWaterloo, ON N2L 3E5
58 Albert St
WaterlooONN2L 3S2
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$590 - $7754 to 5 Bedroom Apartments
143 Columbia
143 Columbia St WWaterloo, ON N2L 3L2
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$599 - $6111 Bedroom Apartments
Walnut Village Inc.
202 Lester StWaterloo, ON N2L 3W4
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$617 - $8781 to 5 Bedroom Apartments
Spring Village
208 Sunview StWaterloo, ON N2L 3V6
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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$675 - $725Studio Apartments
308 Hawthorn St
308 Hawthorn StWaterloo, ON N2L 3N4
392 Albert St, Unit 304
392 Albert St
WaterlooONN2L 3V1
392 Albert St, Unit 304
392 Albert St
WaterlooONN2L 3V1
38 High St
WaterlooONN2L 3X8
38 High St
WaterlooONN2L 3X8
433 Keats Way
WaterlooONN2L 5S7
433 Keats Way
WaterlooONN2L 5S7
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$750Studio to 1 Bedroom Apartments
261 Lester St
261 Lester StWaterloo, ON N2L 3W6
271 Lester St
WaterlooONN2L 3W6
225 Shakespeare Dr
WaterlooONN2L 2T5
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
225 Shakespeare Dr
WaterlooONN2L 2T5
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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
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
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$8951 to 2 Bedroom Apartments
251 Lester St
251 Lester StWaterloo, ON N2L 3W6
74 Mcdougall Rd
WaterlooONN2L 2W5
288 Albert St
WaterlooONN2L 0G9
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.
288 Albert St
WaterlooONN2L 0G9
330 Phillip St, Unit 219
330 Phillip St
WaterlooONN2L 3W9
330 Phillip St, Unit 219
330 Phillip St
WaterlooONN2L 3W9
275 Larch St, Unit A207
275 Larch St
WaterlooONN2L 0J5
330 Phillip St
WaterlooONN2L 3W9
330 Phillip St
WaterlooONN2L 3W9
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$1,150 - $2,1001 to 2 Bedroom Apartments
311 Batavia Pl
311 Batavia PlWaterloo, ON N2L 3W1
275 Larch St, Unit A207
275 Larch St
WaterlooONN2L 0J5
62 Balsam St, Unit H201
62 Balsam St
WaterlooONN2L 3J3
62 Balsam St, Unit H201
62 Balsam St
WaterlooONN2L 3J3
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.
Showing Results 1-50, Page 1 of 2
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 | $1,504 | $1,475 | $1,545 |
| Waterloo University 1 Bedroom Apartments | $1,744 | $750 | $5,180 |
| Waterloo University 2 Bedroom Apartments | $2,026 | $1,140 | $5,665 |
| Waterloo University 3 Bedroom Apartments | $2,847 | $2,275 | $6,105 |
| Waterloo University 4 Bedroom Apartments | $1,430 | $645 | $3,620 |
| Waterloo University 5 Bedroom Apartments | $1,422 | $750 | $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 57 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 4 Beds unit found at 143 Columbia priced from $590. Walnut Village Inc. has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here are the most affordable Waterloo University apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 143 Columbia | LpSt2 | 4BR,2BA | $590 |
| Walnut Village Inc. | 1 Bedroom Shared Accommodation | 1BR,1BA | $599 |
| King Street Towers | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | $750 |
| Fergus House | 4 Bedroom 4 Bathroom | 4BR,4BA | $799 |
| Hespeler House | 4 Bedroom 4 Bathroom | 4BR,4BA | $799 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $1,150 |
| 255 Sunview St | 1 Bedroom plus Den | 1BR,1BA | $1,414 |
| 250 Lester St | 2 Bedroom plus Den | 2BR,1BA | $1,449 |
| 239 Albert St | 1 Bedroom plus Dining | 1BR,1BA | $1,463 |
| THE LINQ | 1 Bedroom plus Dining | 1BR,1BA | $1,468 |
Best Value Apartments for Rent in Waterloo University, ON
As of September 13, 2026 the best value apartment in the Waterloo University area is the $0.80 price per square foot 5 Bedroom/ 5 Bath Tower 2 Model at King Street Towers in the in the Waterloo North East neighborhood starting from $1,100. The second greatest value Waterloo University apartment is the 2 Bedroom Model at The HUB - 365 Albert starting at $1,807 with a $1.63 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. |
|---|---|---|---|
| King Street Towers | 5 Bedroom/ 5 Bath Tower 2 | 5BR,5BA | $0.80 |
| The HUB - 365 Albert | 2 Bedroom | 2BR,2BA | $1.63 |
| The HUB GEOWAVE | 2 Bedroom | 2BR,2BA | $1.63 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $1.14 |
| Bridgeport House | 5 Bedroom, 5 Bath | 5BR,5BA | $0.70 |
| Fergus House | 4 Bedroom 4 Bathroom | 4BR,4BA | $0.81 |
| Hespeler House | 4 Bedroom 4 Bathroom | 4BR,4BA | $0.87 |
| 250 Lester St | 2 Bedroom plus Den | 2BR,1.5BA | $1.65 |
| Beacon Tower | One Bedroom | 1BR,1BA | $1.76 |
| 255 Sunview St | 1 Bedroom plus Den | 1BR,1BA | $1.84 |
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 Walnut Village Inc. which is listed at $599, while the average apartment in Waterloo University costs $1,743.
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 48 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 $1,089 which is $654 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.