Cheap Apartments for Rent in the Waterloo Uptown Neighborhood of Waterloo, ON from $500 (45 Rentals)

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

property at 32 Noecker St

$595

5 Bedroom, 1.5 Bath Home for Rent

Available Sep 2

32 Noecker St

WaterlooONN2J 2R4
property at 261 Lester St

$750

1 To 5 Bedroom Rentals

Available Now

261 Lester St

WaterlooONN2L 3W6
property at 253 Lester St

$750 - $795

1 To 5 Bedroom Rentals

Available Now

253 Lester St

WaterlooONN2L 3W6

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.

property at 251 Lester St

$695 - $795

1 To 5 Bedroom Rentals

Available Now

251 Lester St

WaterlooONN2L 3W6
property at 86 University Av W

$863

Total Monthly Price

Total Monthly Price

Base Rent
$863

Total Monthly Price
$863

5 Bedroom, 4 Bath Home for Rent

Available Sep 1

86 University Av W

WaterlooONN2L 3C8
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143 Columbia
$583 - $7754 to 5 Bedroom Apartments

143 Columbia

143 Columbia St WWaterloo, ON N2L 3L2
Furnished
  • Smoke Free
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Spring Village
$611 - $8681 to 2 Bedroom Apartments

Spring Village

208 Sunview StWaterloo, ON N2L 3V6
Student Housing
  • Smoke Free
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308 Hawthorn St
$675 - $725Studio Apartments

308 Hawthorn St

308 Hawthorn StWaterloo, ON N2L 3N4

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.

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261 Lester St
$750Studio to 1 Bedroom Apartments

261 Lester St

261 Lester StWaterloo, ON N2L 3W6
Student Housing
property at 271 Lester St

$750

5 Bedroom Rentals

Available Aug 1

271 Lester St

WaterlooONN2L 3W6
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Linden Village Inc.
$785 - $9875 Bedroom Apartments

Linden Village Inc.

203 Lester StWaterloo, ON N2L 0B5
Student Housing
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253 Lester St
$795Studio Apartments

253 Lester St

253 Lester StWaterloo, ON N2L 3W6
Student Housing

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.

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Walnut Village Inc.
$8501 Bedroom Apartments

Walnut Village Inc.

202 Lester StWaterloo, ON N2L 3W4
Student Housing
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251 Lester St
$8951 to 2 Bedroom Apartments

251 Lester St

251 Lester StWaterloo, ON N2L 3W6
Student Housing

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.

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311 Batavia Pl
$1,150 - $2,1001 to 2 Bedroom Apartments

311 Batavia Pl

311 Batavia PlWaterloo, ON N2L 3W1
Student Housing
  • Utilities Included
  • Smoke Free
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Uptown Apartments
$1,349 - $1,5491 to 2 Bedroom Apartments

Uptown Apartments

154 Erb St EWaterloo, ON N2J 1M4
  • Utilities Included
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Park Manor
$1,0951 Bedroom Apartments

Park Manor

521 Park StKitchener, ON N2G 1N8
  • Utilities Included
property at 296 Patricia Av

$1,100 - $2,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $2,325

Total Monthly Price
$1,100 - $2,325

1 To 4 Bedroom Homes for Rent

Available Now

296 Patricia Av

KitchenerONN2M 1K1
property at 99 Westwood Dr

$1,400 - $1,625

Studio To 2 Bedroom Rentals

Available Now

99 Westwood Dr

KitchenerONN2M 2K7

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.

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 $583. Spring Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $611. Here are the most affordable Waterloo Uptown apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
143 ColumbiaLpSt24BR,2BA$583
Spring Village1 Bedroom Shared Accommodation1BR,1BA$611
University Place - 50 University Ave E6 Beds, 2 baths6BR,2BA$795
Westwood Garden ApartmentsStudioStudio,1BA$1,449
THE LINQ1 Bedroom plus Dining1BR,1BA$1,452
Kings TowerStudioStudio,1BA$1,459
Avenue ApartmentsStudio, 1 BathroomStudio,1BA$1,475
228 Albert St1 Bedroom plus Dining1BR,1BA$1,495
246 Albert St1 Bedroom plus Dining1BR,1BA$1,510
200 Shakespeare Drive0 Bedroom, 1 BathroomStudio,1BA$1,520

Best Value Apartments for Rent in Waterloo Uptown, ON

As of July 29, 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 $2,720. The second greatest value Waterloo Uptown apartment is the 3 Beds, 1.5 baths Model at University Place - 50 University Ave E starting at $795 with a $0.72 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 ListingModel NameBed/BathPrice Per Sq.Ft.
William Apartments2 Beds, 1 Baths2BR,1BA$2.01
University Place - 50 University Ave E3 Beds, 1.5 baths3BR,1.5BA$0.72
Beacon TowerOne Bedroom1BR,1BA$1.97
Waterloo Heights Apartments & TownhomesSenior - One Bedroom1BR,1BA$2.30
Richmond Square1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$2.08
THE LINQ1 Bedroom plus Den1BR,1BA$2.18
131 University1 Bedroom plus Den1BR,1BA$2.15
Margaret Place1 Bedroom1BR,1BA$2.47
20 University Inc.Clubhouse2BR,1BA$2.36
Westwood Garden ApartmentsStudioStudio ,1BA$2.30

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 $611, while the average apartment in Waterloo Uptown costs $2,340.

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 28 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 $857 which is $1,483 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

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.