Cheap Homes for Rent in Waterloo University Neighborhood of Waterloo, ON from C$700 (10 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

271 Lester St

WaterlooONN2L 3W6

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.

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property at 251 Lester St

251 Lester St

WaterlooONN2L 3W6

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.

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property at 158 King St N

158 King St N

WaterlooONN2J 0E5
Showing Results 1-10, 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 6 Beds unit found at King Street Towers priced from C$730. 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 ListingModel NameBed/BathPriced From
King Street Towers6 Bedroom/ 5 Bath Tower 26BR,5BAC$730
253 Lester St0 Beds, 2 BathsStudio,2BAC$795
Spring Village1 Bedroom Shared Accommodation1BR,1BAC$968

Best Value Apartments for Rent in Waterloo University, ON

As of June 15, 2025 the best value apartment in the Waterloo University area is the C$2.74 price per square foot 2 Bedroom Model at The Onyx in the in the Waterloo North West neighborhood starting from C$3,499. The second greatest value Waterloo University apartment is the 4 Bedroom 4 Bathroom Model at Fergus House starting at C$1,350 with a C$1.37 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 Onyx2 Bedroom2BR,2BAC$2.74
Fergus House4 Bedroom 4 Bathroom4BR,4BAC$1.37
Hespeler House4 Bedroom 4 Bathroom4BR,4BAC$1.49
383 Albert StTwo Bedroom plus Den2BR,1BAC$2.51
Avenue Apartments2 Bedroom(s) and 1 Bathroom(s)2BR,1BAC$2.50
The HUB GEOWAVE1 Bedroom plus Den1BR,1BAC$2.71
365 Albert1 Bedroom plus Den1BR,1BAC$2.71
45 Caroline St NOne Bedroom Apartment1BR,1BAC$2.43
The Carrick1 Bedroom + 1 Bath1BR,1BAC$2.51
The Cooperage1 Bedroom1BR,1BAC$2.91

Frequently Asked Questions about Waterloo University

What type of rentals are currently available in Waterloo University?

There are currently 212 Apartments for Rent in Waterloo University, ON with pricing that ranges from C$575 to C$6,450. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo University ranging from C$749 to C$4,000.

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 C$749 to C$4,000 with an average monthly rent of C$2,527.

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 C$2,050 to C$3,735, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$1,900 to C$3,995. Four Bedroom Single-Family rentals are also available starting from C$3,995 and Four Bedroom Apartments start at C$730.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.