379-379 Erb St. W
WaterlooONN2L 1W7
Cheap Apartments for Rent in the Waterloo University Neighborhood of Waterloo, ON from C$500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo University area of Waterloo.
253 Lester St
WaterlooONN2L 3W6
261 Lester St
WaterlooONN2L 3W6
86 University Av W
WaterlooONN2L 3C8
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Rent Specials
C$830 - C$6,0003 to 6 Bedroom Apartments Available Now
King Street Towers - Student Living
333-339 King St NWaterloo, ON N2J 0C5
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.
392 Albert St
WaterlooONN2L 3V1
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185 King St N
WaterlooONN2J 0E1
275 Larch St
WaterlooONN2L 3R2
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Rent Specials
C$1,225 - C$6,4505 Bedroom Apartments Available Sep 1
MyRez On Lester - Student Living
181 Lester StWaterloo, ON N2L 3W3
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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 | C$790 | C$725 | C$895 |
| Waterloo University 1 Bedroom Apartments | C$2,270 | C$1,200 | C$2,795 |
| Waterloo University 2 Bedroom Apartments | C$2,619 | C$1,350 | C$4,505 |
| Waterloo University 3 Bedroom Apartments | C$3,618 | C$2,050 | C$4,365 |
| Waterloo University 4 Bedroom Apartments | C$2,912 | C$830 | C$5,400 |
| Waterloo University 5 Bedroom Apartments | C$3,354 | C$575 | C$6,450 |
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.
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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 Studio unit found at 261 Lester St priced from C$750. 253 Lester St has the second lowest priced unit, which is a Studio apartment currently listed from C$795. Here are the most affordable Waterloo University apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 261 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$750 |
| 253 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$795 |
| King Street Towers - Student Living | 4 Bedroom/ 3 Bath | 4BR,3BA | C$830 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | C$968 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1,350 |
Best Value Apartments for Rent in Waterloo University, ON
As of August 02, 2025 the best value apartment in the Waterloo University area is the C$1.81 price per square foot 2 Bedroom, 1 Bathroom Model at Avenue Apartments in the in the Waterloo North East neighborhood starting from C$2,315. The second greatest value Waterloo University apartment is the 2 Bedroom(s) and 2 Bathroom(s) Model at Richmond Square starting at C$2,050 with a C$2.01 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. |
|---|---|---|---|
| Avenue Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | C$1.81 |
| Richmond Square | 2 Bedroom(s) and 2 Bathroom(s) | 2BR,2BA | C$2.01 |
| Beacon Tower | Two Bedroom | 2BR,1BA | C$2.15 |
| 200 Shakespeare Drive | 2 Bedroom, 2 Bathroom, Den | 2BR,2BA | C$2.68 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.37 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.46 |
| Panorama Terrace | 2 Bedroom | 2BR,1BA | C$2.18 |
| The HUB - 365 Albert | 1 Bedroom plus Den | 1BR,1BA | C$2.71 |
| 45 Caroline St N | One Bedroom Apartment | 1BR,1BA | C$2.43 |
| The Carrick | 1 Bedroom + 1 Bath | 1BR,1BA | C$2.47 |
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 C$968, while the average apartment in Waterloo University costs C$4,365.
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 27 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 C$2,381 which is C$1,984 cheaper than the average rent for all rentals in Waterloo University.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.