Cheap Apartments for Rent in the Waterloo Uptown Neighborhood of Waterloo, ON from C$500 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waterloo Uptown area of Waterloo.

property at 261 Lester St

261 Lester St

WaterlooONN2L 3W6

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308 Hawthorn St
Studio Apartments

308 Hawthorn St

308 Hawthorn StWaterloo, ON N2L 3N4
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261 Lester St
Studio to 1 Bedroom Apartments

261 Lester St

261 Lester StWaterloo, ON N2L 3W6
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Linden Village
5 Bedroom Apartments

Linden Village

203 Lester StWaterloo, ON N2L 0B5
Student Housing
  • Utilities Included
  • Smoke Free

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Spring Village
1 to 2 Bedroom Apartments

Spring Village

208 Sunview StWaterloo, ON N2L 3V6
Furnished
  • Smoke Free
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253 Lester St
Studio Apartments

253 Lester St

253 Lester StWaterloo, ON N2L 3W6
Student Housing
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251 Lester St
1 to 2 Bedroom Apartments

251 Lester St

251 Lester StWaterloo, ON N2L 3W6
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Uptown Apartments
1 to 2 Bedroom Apartments

Uptown Apartments

154 Erb St EWaterloo, ON N2J 1M4
  • Utilities Included
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Park Manor
1 Bedroom Apartments

Park Manor

521 Park StKitchener, ON N2G 1N8
  • Utilities Included

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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 Studio unit found at 261 Lester St priced from C$750. Spring Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from C$785. Here are the most affordable Waterloo Uptown apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
261 Lester St0 Beds, 2 BathsStudio,2BAC$750
Spring Village1 Bedroom Shared Accommodation1BR,1BAC$785
MyRez On Lester - Student Living5 Bedroom, 2.5 Bath5BR,2BAC$1,225
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BAC$1,350
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BAC$1,350

Best Value Apartments for Rent in Waterloo Uptown, ON

As of October 22, 2025 the best value apartment in the Waterloo Uptown 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 Uptown apartment is the Three Bedroom Model at Beacon Tower starting at C$3,300 with a C$2.20 price per square foot in the Kitchener South West neighborhood. Here is today’s list of the best values for Waterloo Uptown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
MyRez On Lester - Student Living5 Bedroom, 2.5 Bath5BR,2.5BAC$0.81
Beacon TowerThree Bedroom3BR,1BAC$2.20
William Apartments2 Beds, 1 Baths2BR,1BAC$2.05
The Carrick2 Bedroom + 2 Bath2BR,2BAC$2.33
Fergus House - Student Living4 Bedroom 4 Bathroom4BR,4BAC$1.37
Spurline Flats, Midtown Waterloo2 Bedroom(s) and 1 Bathroom(s)2BR,1BAC$1.97
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BAC$1.46
The Victorian2 Bedroom2BR,1BAC$2.06
Stride on Union1 Bedroom Model1BR,1BAC$2.37
Huntington Place2 Bedroom2BR,1BAC$2.07

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 Spring Village which is listed at C$785, while the average apartment in Waterloo Uptown costs C$2,250.

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 10 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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.