
Cheap Homes for Rent in Waterloo University Neighborhood of Waterloo, ON from $800 (23 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterloo University area of Waterloo.


271 Lester St

251 Lester St

275 Larch St

275 Larch St

338 Albert St

338 Albert St
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.

239 Albert St

239 Albert St

288 Albert St

288 Albert St

62 Balsam St

62 Balsam St

62 Balsam St
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.

62 Balsam St

62 Balsam St

62 Balsam St

124 King St N

124 King St N

320 Erb St. W

317 Erb St. W
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.

275 Larch St

275 Larch St
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 | $2,104 | $1,499 | $2,750 |
| Waterloo University 3 Bedroom Homes for Rent | $2,512 | $2,100 | $3,300 |
| Waterloo University 4 Bedroom Homes for Rent | $2,099 | $998 | $4,500 |
| Waterloo University 5 Bedroom Homes for Rent | $2,610 | $825 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Waterloo University Neighborhood of Waterloo, ON.
Explore Waterloo
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | $717 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $732 |
| Hespeler 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Carrick | 2-Level Townhouse 2 Bed + 3 Bath + Den + Media ... | 2BR,3BA | $2.30 |
| 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 |
| The HUB - 365 Albert | 1 Bedroom plus Den | 1BR,1BA | $2.67 |
| The HUB GEOWAVE | 1 Bedroom plus Den | 1BR,1BA | $2.67 |
| 45 Caroline St N | One Bedroom Apartment | 1BR,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

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.