
Cheap Apartments for Rent in the Waterloo Uptown Neighborhood of Waterloo, ON from $500 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo Uptown area of Waterloo.


271-271 Lester St

251-251 Lester St

253-253 Lester St

MyRez On Lester - Student Living

308 King

University Place - 50 University Ave E
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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 1 Bedroom Apartments | $2,148 | $575 | $2,695 |
| Waterloo Uptown 2 Bedroom Apartments | $2,267 | $1,213 | $4,505 |
| Waterloo Uptown 3 Bedroom Apartments | $2,099 | $2,000 | $2,199 |
| Waterloo Uptown 4 Bedroom Apartments | $1,283 | $1,271 | $1,295 |
| Waterloo Uptown 5 Bedroom Apartments | $1,026 | $750 | $1,350 |
Browse Apartments in this Neighborhood
There are currently 14 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 1 Bed unit found at Spring Village priced from $785. 185 King St N has the second lowest priced unit, which is a 5 Beds apartment currently listed from $949. Here are the most affordable Waterloo Uptown apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $785 |
| 185 King St N | 5 Beds, 5 baths | 5BR,5BA | $949 |
| Giorgio | Studio | Studio,1BA | $1,425 |
| Huntington Place | 1 Bedroom | 1BR,1BA | $1,449 |
| Kings Tower | Studio | Studio,1BA | $1,459 |
Best Value Apartments for Rent in Waterloo Uptown, ON
As of December 09, 2025 the best value apartment in the Waterloo Uptown area is the $1.64 price per square foot 2 Beds, 1 Baths Model at William Apartments in the in the Waterloo Uptown neighborhood starting from $2,430. The second greatest value Waterloo Uptown apartment is the 2 Bedroom, 1 Bathroom Model at Avenue Apartments starting at $1,935 with a $1.51 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 | $1.64 |
| Avenue Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.51 |
| Victoria Park Place I | 2 Bedroom Model | 2BR,2BA | $1.94 |
| The Carrick | 2 Bedroom + 2 Bath | 2BR,2BA | $2.33 |
| Margaret Place | 1 Bedroom | 1BR,2BA | $2.30 |
| 200 Shakespeare Drive | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.28 |
| 45 Caroline St N | One Bedroom Apartment | 1BR,1BA | $2.43 |
| 144 Lucan Ave, Waterloo | 2E | 2BR,1BA | $2.71 |
| 130 & 140 Lincoln Road | One Bedroom Apartment | 1BR,1BA | $2.68 |
| Huntington Place | 1 Bedroom | 1BR,1BA | $2.56 |
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 $785, while the average apartment in Waterloo Uptown costs $2,270.
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 1 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
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.






