
Cheap Apartments for Rent in the Waterloo Uptown Neighborhood of Waterloo, ON from $575 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo Uptown area of Waterloo.


Total Monthly Price
University Place - 50 University Ave E

261-261 Lester St

251-251 Lester St

253-253 Lester St

261 Lester St

50 University Ave E

253 Lester St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

251 Lester St

MyRez on Lester

275 Larch St

143 Columbia

Walnut Village Inc.

Spring Village

308 Hawthorn St

261 Lester St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

271 Lester St

225 Shakespeare Dr

225 Shakespeare Dr

Linden Village Inc.

253 Lester St

16 Marshall St

16 Marshall St

16 Marshall St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

16 Marshall St

251 Lester St

74 Mcdougall Rd

288 Albert St

288 Albert St

330 Phillip St, Unit 219

330 Phillip St, Unit 219

275 Larch St, Unit A207
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

330 Phillip St

330 Phillip St

311 Batavia Pl

275 Larch St, Unit A207

62 Balsam St, Unit H201

62 Balsam St, Unit H201

Uptown Apartments

Park Manor
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.

317 Duke St W

Kings Tower

99 Westwood Dr
Waterloo Uptown, Waterloo, ON Local Guide

How much does it cost to rent an apartment in Waterloo Uptown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo Uptown Studio Apartments | $1,502 | $1,475 | $1,545 |
| Waterloo Uptown 1 Bedroom Apartments | $1,878 | $750 | $5,180 |
| Waterloo Uptown 2 Bedroom Apartments | $2,173 | $1,140 | $5,665 |
| Waterloo Uptown 3 Bedroom Apartments | $2,605 | $695 | $6,105 |
| Waterloo Uptown 4 Bedroom Apartments | $1,238 | $695 | $2,895 |
| Waterloo Uptown 5 Bedroom Apartments | $1,716 | $575 | $5,650 |
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 2 mile radius of the Waterloo Uptown Neighborhood of Waterloo, ON.
See all Apartments in WaterlooExplore Waterloo
Cheapest Available Waterloo Uptown Apartments for Rent
 The cheapest available apartment rental in the Waterloo Uptown area of Waterloo, ON is a 4 Beds unit found at 143 Columbia priced from $590. Walnut Village Inc. has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here are the most affordable Waterloo Uptown apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 143 Columbia | LpSt2 | 4BR,2BA | $590 |
| Walnut Village Inc. | 1 Bedroom Shared Accommodation | 1BR,1BA | $599 |
| University Place - 50 University Ave E | 6 Beds, 2 baths | 6BR,2BA | $695 |
| Hespeler House | 4 Bedroom 4 Bathroom | 4BR,4BA | $799 |
| Fergus House | 4 Bedroom 4 Bathroom | 4BR,4BA | $799 |
| 255 Sunview St | 1 Bedroom plus Den | 1BR,1BA | $1,414 |
| Kings Tower | 1 Bedroom Premium | 1BR,1BA | $1,416 |
| Westwood Garden Apartments | Studio | Studio,1BA | $1,449 |
| 250 Lester St | 2 Bedroom plus Den | 2BR,1BA | $1,449 |
| 239 Albert St | 1 Bedroom plus Dining | 1BR,1BA | $1,463 |
Best Value Apartments for Rent in Waterloo Uptown, ON
As of September 13, 2026 the best value apartment in the Waterloo Uptown area is the $2.01 price per square foot 2 Beds, 1 Baths Model at William Apartments in the in the Waterloo Uptown neighborhood starting from $2,525. The second greatest value Waterloo Uptown apartment is the 3 Beds, 1.5 baths Model at University Place - 50 University Ave E starting at $695 with a $0.63 price per square foot in the Waterloo North East neighborhood. Here is today’s list of the best values for Waterloo Uptown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| William Apartments | 2 Beds, 1 Baths | 2BR,1BA | $2.01 |
| University Place - 50 University Ave E | 3 Beds, 1.5 baths | 3BR,1.5BA | $0.63 |
| 76 Brybeck Cres | 2 Bed + Den | 2BR,1BA | $1.80 |
| Fergus House | 4 Bedroom 4 Bathroom | 4BR,4BA | $0.81 |
| Hespeler House | 4 Bedroom 4 Bathroom | 4BR,4BA | $0.87 |
| Park Place | One Bedroom | 1BR,1BA | $2.03 |
| 250 Lester St | 2 Bedroom plus Den | 2BR,1.5BA | $1.65 |
| Beacon Tower | One Bedroom | 1BR,1BA | $1.76 |
| 255 Sunview St | 1 Bedroom plus Den | 1BR,1BA | $1.84 |
| THE LINQ | 1 Bedroom plus Den | 1BR,1BA | $2.20 |
Frequently Asked Questions about Cheap Waterloo Uptown Apartments
What is the price of a cheap apartment in Waterloo Uptown?
The cheapest apartment in Waterloo Uptown is Walnut Village Inc. which is listed at $599, while the average apartment in Waterloo Uptown costs $1,850.
What types of apartments are the cheapest in Waterloo Uptown?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 46 regular apartments in Waterloo Uptown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Waterloo Uptown?
Cheap apartments in Waterloo Uptown have an average cost of $849 which is $1,001 cheaper than the average rent for all rentals in Waterloo Uptown.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.