
Cheap Apartments for Rent in the Waterloo Uptown Neighborhood of Waterloo, ON from $500 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo Uptown area of Waterloo.


32 Noecker St

253-253 Lester St

271-271 Lester St

261 Lester St

251-251 Lester St

50 University Ave E

Total Monthly Price
University Place - 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

86 University Av W

295 Lester St

MyRez on Lester

143 Columbia

158 King St N, Unit 2303

Spring Village

308 Hawthorn St

166 Elgin Crescent
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.

261 Lester St

261-261 Lester St

271 Lester St

121 University Ave E

Linden Village Inc.

253 Lester St

275 Larch St, Unit 401H

275 Larch St, Unit 401H

258B Sunview 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

16 Marshall St

16 Marshall St

16 Marshall St

Walnut Village Inc.

251 Lester St

29 Marshall St, Unit A

29 Marshall St, Unit B

288 Albert St
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.

288 Albert St

330 Phillip St

311 Batavia Pl

158-1158 King St N

124 King St N, Unit 6

Uptown Apartments

Park Manor

296 Patricia Av

99 Westwood Dr
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.
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 | $1,770 | $750 | $5,180 |
| Waterloo Uptown 2 Bedroom Apartments | $2,145 | $1,140 | $5,665 |
| Waterloo Uptown 3 Bedroom Apartments | $2,573 | $795 | $6,105 |
| Waterloo Uptown 4 Bedroom Apartments | $1,040 | $795 | $2,000 |
| Waterloo Uptown 5 Bedroom Apartments | $1,632 | $575 | $5,650 |
Browse Apartments in this Neighborhood
There are currently 45 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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 143 Columbia | LpSt2 | 4BR,2BA | $583 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $611 |
| University Place - 50 University Ave E | 6 Beds, 2 baths | 6BR,2BA | $795 |
| Westwood Garden Apartments | Studio | Studio,1BA | $1,449 |
| THE LINQ | 1 Bedroom plus Dining | 1BR,1BA | $1,452 |
| Kings Tower | Studio | Studio,1BA | $1,459 |
| Avenue Apartments | Studio, 1 Bathroom | Studio,1BA | $1,475 |
| 228 Albert St | 1 Bedroom plus Dining | 1BR,1BA | $1,495 |
| 246 Albert St | 1 Bedroom plus Dining | 1BR,1BA | $1,510 |
| 200 Shakespeare Drive | 0 Bedroom, 1 Bathroom | Studio,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 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 | $0.72 |
| Beacon Tower | One Bedroom | 1BR,1BA | $1.97 |
| Waterloo Heights Apartments & Townhomes | Senior - One Bedroom | 1BR,1BA | $2.30 |
| Richmond Square | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | $2.08 |
| THE LINQ | 1 Bedroom plus Den | 1BR,1BA | $2.18 |
| 131 University | 1 Bedroom plus Den | 1BR,1BA | $2.15 |
| Margaret Place | 1 Bedroom | 1BR,1BA | $2.47 |
| 20 University Inc. | Clubhouse | 2BR,1BA | $2.36 |
| Westwood Garden Apartments | Studio | Studio ,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

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.

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.

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.

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.