
Cheap Apartments for Rent in the Waterloo Uptown Neighborhood of Waterloo, ON from C$500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo Uptown area of Waterloo.


University Place - 50 University Ave E

104-104 Lester St

304-304 Lester St

202-202 Lester St

303-303 Lester St
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405-405 Lester St

504-504 Lester St

606-606 Lester St

261 Lester St

253 Lester St

604-604 Lester St

204-204 Lester St

185 King St N
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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
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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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 | C$738 | C$700 | C$795 |
Waterloo Uptown 1 Bedroom Apartments | C$2,125 | C$850 | C$2,795 |
Waterloo Uptown 2 Bedroom Apartments | C$2,488 | C$670 | C$4,505 |
Waterloo Uptown 3 Bedroom Apartments | C$1,522 | C$670 | C$2,350 |
Waterloo Uptown 4 Bedroom Apartments | C$1,035 | C$670 | C$1,375 |
Waterloo Uptown 5 Bedroom Apartments | C$2,009 | C$575 | C$5,995 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Waterloo Uptown Neighborhood of Waterloo, ON.
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Cheapest Available Waterloo Uptown Apartments for Rent
 The cheapest available apartment rental in the Waterloo Uptown area of Waterloo, ON is a 6 Beds unit found at University Place - 50 University Ave E priced from C$670. 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 Uptown apartments for rent in Waterloo, ON:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
University Place - 50 University Ave E | 6 Beds, 2 baths | 6BR,2BA | C$670 |
253 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$795 |
Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | C$968 |
Fergus House | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1,350 |
Hespeler House | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1,375 |
Best Value Apartments for Rent in Waterloo Uptown, ON
As of June 14, 2025 the best value apartment in the Waterloo Uptown area is the C$1.99 price per square foot 2 Beds, 1 Baths Model at William Apartments in the in the Waterloo Uptown neighborhood starting from C$2,495. The second greatest value Waterloo Uptown 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 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 | C$1.99 |
Fergus House | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.37 |
University Place - 50 University Ave E | 2 Beds, 1 bath | 2BR,1BA | C$0.69 |
Oakwood Manor | 2 Bedroom Lower | 2BR,1BA | C$2.42 |
Hespeler House | 4 Bedroom 4 Bathroom | 4BR,4BA | C$1.49 |
Avenue Apartments | 2 Bedroom(s) and 1 Bathroom(s) | 2BR,1BA | C$2.50 |
Trio on Belmont | 1 Bed 1 Bath (Poppy B) | 1BR,1BA | C$2.53 |
125 Lincoln Rd, Unit 705 | 125 Lincoln Rd | 1BR,1BA | C$2.60 |
45 Caroline St N | One Bedroom Apartment | 1BR,1BA | C$2.43 |
The Carrick | 1 Bedroom + 1 Bath | 1BR,1BA | C$2.51 |
Frequently Asked Questions about Cheap Waterloo Uptown Apartments
What is a cheap apartment in Waterloo Uptown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterloo Uptown is under C$1,845.
What is the price of a cheap apartment in Waterloo Uptown?
The cheapest apartment in Waterloo Uptown is Spring Village which is listed at C$968, while the average apartment in Waterloo Uptown costs C$2,397.
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 8 regular apartments in Waterloo Uptown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

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.

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.

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.

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.