379-379 Erb St. W
WaterlooONN2L 1W7
Cheap Apartments for Rent in the Waterloo University Neighborhood of Waterloo, ON from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo University area of Waterloo.
261 Lester St
WaterlooONN2L 3W6
325 Spruce St
WaterlooONN2L 3M6
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Rent Specials
$750 - $1,2004 to 6 Bedroom Apartments Available Now
King Street Towers - Student Living
333-339 King St NWaterloo, ON N2J 0C5
271-271 Lester St
WaterlooONN2L 3W6
261-261 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.
253-253 Lester St
WaterlooONN2L 3W6
251-251 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 Available Sep 1
MyRez On Lester - Student Living
181 Lester StWaterloo, ON N2L 3W3
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$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.
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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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$795Studio Apartments
253 Lester St
253 Lester StWaterloo, ON N2L 3W6
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$8951 to 2 Bedroom Apartments
251 Lester St
251 Lester StWaterloo, ON N2L 3W6
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$949 - $1,3005 Bedroom Apartments
185 King St N
185 King St NWaterloo, ON N2J 0E1
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$1,150 - $2,1001 to 2 Bedroom Apartments
311 Batavia Pl
311 Batavia PlWaterloo, ON N2L 3W1
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.
Showing Results 1-18, 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 | $1,442 | $1,425 | $1,460 |
| Waterloo University 1 Bedroom Apartments | $2,101 | $575 | $2,700 |
| Waterloo University 2 Bedroom Apartments | $2,228 | $1,213 | $4,505 |
| Waterloo University 3 Bedroom Apartments | $2,225 | $2,050 | $2,400 |
| Waterloo University 4 Bedroom Apartments | $1,025 | $732 | $1,295 |
| Waterloo University 5 Bedroom Apartments | $1,331 | $600 | $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 18 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 5 Beds unit found at Preston House - Student Living priced from $717. Hespeler House - Student Living has the second lowest priced unit, which is a 4 Beds apartment currently listed from $732. Here are the most affordable Waterloo University apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $717 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $732 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $732 |
| King Street Towers - Student Living | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | $750 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $785 |
Best Value Apartments for Rent in Waterloo University, ON
As of March 08, 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 Beds, 2.5 baths Model at Ivy Two starting at $3,600 with a $1.92 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 Two | 3 Beds, 2.5 baths | 3BR,2.5BA | $1.92 |
| Ivy Three | 3 Bedroom | 3BR,2.5BA | $1.92 |
| Ivy Towns | 3 Beds, 2 baths | 3BR,2BA | $1.73 |
| King Street Towers - Student Living | 5 Bedroom/ 5 Bath Tower 1 | 5BR,5BA | $0.85 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $0.71 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $0.75 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $0.79 |
| 9 Lodge Street | 2 Bedroom | 2BR,1BA | $2.29 |
| Beacon Tower | One Bedroom | 1BR,1BA | $2.11 |
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 $2,255.
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 25 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
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.
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.