379-379 Erb St. W
WaterlooONN2L 1W7
Cheap Apartments for Rent in the Waterloo University Neighborhood of Waterloo, ON from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo University area of Waterloo.
251-251 Lester St
WaterlooONN2L 3W6
253-253 Lester St
WaterlooONN2L 3W6
close
View Me
$8635 Bedroom Apartment Available Sep 1
86 University Av W
86 University Av WWaterloo, ON N2L 3C8
271-271 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.
close
View Me
$1,0005 Bedroom Apartment Available Sep 1
295 Lester St
295 Lester StWaterloo, ON N2L 0C1
close
View Me
Rent Specials
$1,060 - $5,6505 Bedroom Apartments Available Sep 1
MyRez On Lester - Student Living
181 Lester StWaterloo, ON N2L 3W3
close
View Me
Rent Specials
$1,060 - $1,2003 to 6 Bedroom Apartments Available Now
King Street Towers - Student Living
333-339 King St NWaterloo, ON N2J 0C5
close
View Me
Rent Specials
$1,213 - $1,3702 Bedroom Apartments Available Now
308 King
308 King St NWaterloo, ON N2J 0G4
close
View Me
$675 - $725Studio Apartments
308 Hawthorn St
308 Hawthorn StWaterloo, ON N2L 3N4
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.
close
View Me
$750Studio to 1 Bedroom Apartments
261 Lester St
261 Lester StWaterloo, ON N2L 3W6
close
View Me
$785 - $1,1261 to 2 Bedroom Apartments
Spring Village
208 Sunview StWaterloo, ON N2L 3V6
close
View Me
$795Studio Apartments
253 Lester St
253 Lester StWaterloo, ON N2L 3W6
close
View Me
$8951 to 2 Bedroom Apartments
251 Lester St
251 Lester StWaterloo, ON N2L 3W6
close
View Me
$949 - $1,3005 Bedroom Apartments
185 King St N
185 King St NWaterloo, ON N2J 0E1
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.
close
View Me
$1,150 - $2,1001 to 2 Bedroom Apartments
311 Batavia Pl
311 Batavia PlWaterloo, ON N2L 3W1
Showing Results 1-16, 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 | $1,425 | $1,425 | $1,425 |
| Waterloo University 1 Bedroom Apartments | $2,197 | $575 | $2,700 |
| Waterloo University 2 Bedroom Apartments | $2,358 | $1,213 | $4,505 |
| Waterloo University 3 Bedroom Apartments | $1,625 | $1,200 | $2,050 |
| Waterloo University 4 Bedroom Apartments | $1,187 | $1,060 | $1,295 |
| Waterloo University 5 Bedroom Apartments | $1,537 | $700 | $5,650 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Waterloo University Neighborhood of Waterloo, ON.
See all Apartments in WaterlooExplore Waterloo
Let everyone know!
Do you know the Waterloo University area?
If you’re an expert on all things Waterloo University, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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. Preston House - Student Living has the second lowest priced unit, which is a 5 Beds apartment currently listed from $1,050. 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 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $1,050 |
| King Street Towers - Student Living | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | $1,060 |
| 308 King | 1 Bedroom 1 Den 1 Bathroom | 2BR,1BA | $1,213 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1,271 |
Best Value Apartments for Rent in Waterloo University, ON
As of January 21, 2026 the best value apartment in the Waterloo University area is the $1.73 price per square foot 3 Beds, 2 baths Model at Ivy Towns in the in the Waterloo North East neighborhood starting from $3,150. The second greatest value Waterloo University 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 University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ivy Towns | 3 Beds, 2 baths | 3BR,2BA | $1.73 |
| Ivy Two | 3 Beds, 2.5 baths | 3BR,2.5BA | $1.97 |
| Ivy Three | 3 Beds, 2.5 baths | 3BR,2.5BA | $2.35 |
| The Carrick | 2 Bedroom + 2 Bath | 2BR,2BA | $2.33 |
| King Street Towers - Student Living | 4 Bedroom/ 4 Bath | 4BR,4BA | $1.04 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $1.04 |
| Bridgeport House | 5 Bedroom, 5 Bath | 5BR,5BA | $0.82 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1.31 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $1.38 |
| Beacon Tower | One Bedroom | 1BR,1BA | $1.99 |
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 $2,326.
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 18 regular apartments in Waterloo University that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!