Cheap Homes for Rent in the Waterloo University Neighborhood of Waterloo, ON from $600 (19 Rentals)

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

property at 271 Lester St

$750

5 Bedroom Rentals

Available Aug 1

271 Lester St

WaterlooONN2L 3W6

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Showing Results 1-19, Page 1 of 1

Cheapest Available Waterloo University Apartments for Rent

 

The cheapest available apartment rental in the Waterloo University area of Waterloo, ON is a 4 Beds unit found at 143 Columbia priced from $583. Spring Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $611. Here are the most affordable Waterloo University apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
143 ColumbiaLpSt24BR,2BA$583
Spring Village1 Bedroom Shared Accommodation1BR,1BA$611
THE LINQ1 Bedroom plus Dining1BR,1BA$1,452
Avenue ApartmentsStudio, 1 BathroomStudio,1BA$1,475
228 Albert St1 Bedroom plus Dining1BR,1BA$1,495

Best Value Apartments for Rent in Waterloo University, ON

As of July 29, 2026 the best value apartment in the Waterloo University area is the $1.79 price per square foot 2 Beds, 1.5 baths Model at Beechwood Apartments in the in the Kitchener South West neighborhood starting from $1,995. The second greatest value Waterloo University apartment is the 1 Bedroom plus Den Model at The HUB - 365 Albert starting at $1,707 with a $1.85 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.
Beechwood Apartments2 Beds, 1.5 baths2BR,1.5BA$1.79
The HUB - 365 Albert1 Bedroom plus Den1BR,1BA$1.85
The HUB GEOWAVE1 Bedroom plus Den1BR,1BA$2.08
250 Lester St2 Bedroom plus Den2BR,1.5BA$2.55
Beacon TowerOne Bedroom1BR,1BA$1.97
Waterloo Heights Apartments & TownhomesSenior - One Bedroom1BR,1BA$2.30
Richmond Square1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$2.08
THE LINQ1 Bedroom plus Den1BR,1BA$2.18
131 University1 Bedroom plus Den1BR,1BA$2.15
20 University Inc.Clubhouse2BR,1BA$2.36

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 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo University ranging from $750 to $6,500.

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 $750 to $6,500 with an average monthly rent of $2,372.

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 $2,335 to $6,105, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,850 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,050 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

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.