95 Park St
WaterlooONN2L 1Y2
Cheap Homes for Rent in Waterloo University Neighborhood of Waterloo, ON from C$600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterloo University area of Waterloo.
253 Lester St
WaterlooONN2L 3W6
271 Lester St
WaterlooONN2L 3W6
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.
251 Lester St
WaterlooONN2L 3W6
288-288 Albert St
WaterlooONN2L 0G9
91-91 Westmount Rd N
WaterlooONN2L 2R7
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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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 | C$2,238 | C$1,699 | C$3,500 |
| Waterloo University 3 Bedroom Homes for Rent | C$2,820 | C$1,950 | C$3,950 |
| Waterloo University 4 Bedroom Homes for Rent | C$6,000 | C$6,000 | C$6,000 |
| Waterloo University 5 Bedroom Homes for Rent | C$950 | C$950 | C$950 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 5 Beds unit found at The MARQ Waterloo at 345 King Street North priced from C$599. 261 Lester St has the second lowest priced unit, which is a Studio apartment currently listed from C$750. Here are the most affordable Waterloo University apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The MARQ Waterloo at 345 King Street North | 1 Room in a 5 Bedroom Immediate (12 Months) | 5BR,2BA | C$599 |
| 261 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$750 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | C$785 |
Best Value Apartments for Rent in Waterloo University, ON
As of September 16, 2025 the best value apartment in the Waterloo University area is the C$0.81 price per square foot 5 Bedroom, 2.5 Bath Model at MyRez On Lester - Student Living in the in the Waterloo North East neighborhood starting from C$1,225. The second greatest value Waterloo University apartment is the 2 Bedroom, 2 Bathroom Model at 200 Shakespeare Drive starting at C$2,350 with a C$1.58 price per square foot in the Waterloo North West 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. |
|---|---|---|---|
| MyRez On Lester - Student Living | 5 Bedroom, 2.5 Bath | 5BR,2.5BA | C$0.81 |
| 200 Shakespeare Drive | 2 Bedroom, 2 Bathroom | 2BR,2BA | C$1.58 |
| 295 Lester St | 295 Lester St | 5BR,5BA | C$0.64 |
| Preston House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | C$1.27 |
| Bridgeport House - Student Living | 5 Bedroom, 5 Bath | 5BR,5BA | C$1.22 |
| The MARQ Waterloo at 345 King Street North | 1 Room in a 5 Bedroom SEPT. (12 Months) | 5BR,2BA | C$0.85 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.37 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.46 |
| The Marq | 1 Room in a 4 Bedroom Immedaite (12 Months) | 4BR,2BA | C$1.01 |
| The Carrick | 1 Bedroom + 1 Bath | 1BR,1BA | C$2.47 |
Frequently Asked Questions about Waterloo University
What type of rentals are currently available in Waterloo University?
There are currently 210 Apartments for Rent in Waterloo University, ON with pricing that ranges from C$575 to C$6,450. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo University ranging from C$675 to C$6,000.
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$675 to C$6,000 with an average monthly rent of C$2,541.
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$4,365, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$1,950 to C$3,950. Four Bedroom Single-Family rentals are also available starting from C$6,000 and Four Bedroom Apartments start at C$830.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.