407 Keats Way
WaterlooONN2L 5S7
Cheap Homes for Rent in Waterloo University Neighborhood of Waterloo, ON from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterloo University area of Waterloo.
158 King St N
WaterlooONN2J 0E5
158 King St N
WaterlooONN2J 0E5
271 Lester St
WaterlooONN2L 3W6
16 Marshall St
WaterlooONN2J 2T2
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.
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
16 Marshall St
WaterlooONN2J 2T2
392 Albert St
WaterlooONN2L 3V1
392 Albert St
WaterlooONN2L 3V1
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.
288 Albert St
WaterlooONN2L 0G9
288 Albert St
WaterlooONN2L 0G9
124 King St N
WaterlooONN2J 2X8
124 King St N
WaterlooONN2J 2X8
275 Larch St
WaterlooONN2L 3R2
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.
275 Larch St
WaterlooONN2L 3R2
Showing Results 1-16, Page 1 of 1
Waterloo University, Waterloo, ON Local Guide
How much does it cost to rent a home in Waterloo University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo University 2 Bedroom Homes for Rent | $2,144 | $1,250 | $3,500 |
| Waterloo University 3 Bedroom Homes for Rent | $2,560 | $1,599 | $3,300 |
| Waterloo University 4 Bedroom Homes for Rent | $1,831 | $805 | $3,995 |
| Waterloo University 5 Bedroom Homes for Rent | $3,012 | $500 | $5,500 |
| Waterloo University 7 Bedroom Homes for Rent | $4,600 | $4,600 | $4,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent 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 6 Beds unit found at King Street Towers priced from $750. Spring Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here are the most affordable Waterloo University apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| King Street Towers | 6 Bedroom/ 5 Bath Tower 2 | 6BR,5BA | $750 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $785 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $1,150 |
| Beechwood Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,350 |
| Avenue Apartments | Studio, 1 Bathroom | Studio,1BA | $1,475 |
Best Value Apartments for Rent in Waterloo University, ON
As of June 13, 2026 the best value apartment in the Waterloo University area is the $2.25 price per square foot The Mckenzie - 2 Bed + Den Model at The Barrel Yards in the in the Waterloo North West neighborhood starting from $3,030. The second greatest value Waterloo University apartment is the 5 Bedroom/ 5 Bath Tower 1 Model at King Street Towers starting at $1,100 with a $0.85 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 Barrel Yards | The Mckenzie - 2 Bed + Den | 2BR,2BA | $2.25 |
| King Street Towers | 5 Bedroom/ 5 Bath Tower 1 | 5BR,5BA | $0.85 |
| Preston House | 5 Bedroom, 5 Bath | 5BR,5BA | $1.14 |
| Bridgeport House | 5 Bedroom, 5 Bath | 5BR,5BA | $0.70 |
| 383 Albert St | Two Bedroom Apartment | 2BR,1BA | $2.08 |
| Beacon Tower | One Bedroom | 1BR,1BA | $1.97 |
| Waterloo Heights Apartments & Townhomes | Rent only One bedroom | 1BR,1BA | $2.30 |
| Richmond Square | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | $2.08 |
| 45 Caroline St N | One Bedroom Apartment | 1BR,1BA | $2.23 |
| Beechwood Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.83 |
Frequently Asked Questions about Waterloo University
What type of rentals are currently available in Waterloo University?
There are currently 223 Apartments for Rent in Waterloo University, ON with pricing that ranges from $575 to $6,105. There are also 234 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo University ranging from $500 to $5,500.
What is the current price range for Rental Homes in Waterloo University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterloo University ranges from $500 to $5,500 with an average monthly rent of $2,489.
How much are larger Three and Four Bedroom Rentals in Waterloo University?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterloo University range from $1,995 to $6,105, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,599 to $3,300. Four Bedroom Single-Family rentals are also available starting from $805 and Four Bedroom Apartments start at $750.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.