Cheap Homes for Rent in Waterloo University Neighborhood of Waterloo, ON from $800 (23 Rentals)

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Search the lowest-cost Homes available for rent right now in the Waterloo University area of Waterloo.

property at 253 Lester St

$825

5 Bedroom Rentals

Available Sep 1

253 Lester St

WaterlooONN2L 3W6
property at 271 Lester St

$825

5 Bedroom Rentals

Available Sep 1

271 Lester St

WaterlooONN2L 3W6
property at 251 Lester St

$825

5 Bedroom Rentals

Available Sep 1

251 Lester St

WaterlooONN2L 3W6

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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. Fergus 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 ListingModel NameBed/BathPriced From
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$717
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BA$732
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BA$732
King Street Towers - Student Living6 Bedroom/ 5 Bath Tower 26BR,5BA$750
Spring Village1 Bedroom Shared Accommodation1BR,1BA$785

Best Value Apartments for Rent in Waterloo University, ON

As of March 09, 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 5 Bedroom/ 5 Bath Tower 1 Model at King Street Towers - Student Living 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Carrick2-Level Townhouse 2 Bed + 3 Bath + Den + Media ...2BR,3BA$2.30
King Street Towers - Student Living5 Bedroom/ 5 Bath Tower 15BR,5BA$0.85
Preston House - Student Living5 Bedroom, 5 Bath5BR,5BA$0.71
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BA$0.75
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BA$0.79
9 Lodge Street2 Bedroom2BR,1BA$2.29
Beacon TowerOne Bedroom1BR,1BA$2.11
The HUB - 365 Albert1 Bedroom plus Den1BR,1BA$2.67
The HUB GEOWAVE1 Bedroom plus Den1BR,1BA$2.67
45 Caroline St NOne Bedroom Apartment1BR,1BA$2.36

Frequently Asked Questions about Waterloo University

What type of rentals are currently available in Waterloo University?

There are currently 217 Apartments for Rent in Waterloo University, ON with pricing that ranges from $575 to $5,650. There are also 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo University ranging from $825 to $4,500.

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 $825 to $4,500 with an average monthly rent of $2,206.

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 $2,050 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $3,300. Four Bedroom Single-Family rentals are also available starting from $998 and Four Bedroom Apartments start at $732.

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

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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.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.