Cheap Apartments for Rent in the Waterloo Uptown Neighborhood of Waterloo, ON from $400 (43 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

$600 - $825

1 To 5 Bedroom Rentals

Available Now

261 Lester St

WaterlooONN2L 3W6

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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property at 253 Lester St

$795 - $825

1 To 5 Bedroom Rentals

Available May 1

253 Lester St

WaterlooONN2L 3W6
property at 251 Lester St

$695 - $795

1 To 5 Bedroom Rentals

Available Now

251 Lester St

WaterlooONN2L 3W6
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86 University Av W
$863
Total Monthly Price

Total Monthly Price

Base Rent
$863
Total Monthly Price
$863
5 Bedroom Apartment Available Sep 1

86 University Av W

86 University Av WWaterloo, ON N2L 3C8
Furnished
  • Smoke Free

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.

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308 Hawthorn St
$675 - $725Studio Apartments

308 Hawthorn St

308 Hawthorn StWaterloo, ON N2L 3N4
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261 Lester St
$750Studio to 1 Bedroom Apartments

261 Lester St

261 Lester StWaterloo, ON N2L 3W6
Student Housing
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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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Spring Village
$785 - $1,0011 to 2 Bedroom Apartments

Spring Village

208 Sunview StWaterloo, ON N2L 3V6
Student Housing
  • Smoke Free

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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253 Lester St
$795Studio Apartments

253 Lester St

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

$795

5 Bedroom Rentals

Available May 1

271 Lester St

WaterlooONN2L 3W6

The Art of the Rental Viewing: What to look for during a property tour

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.

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251 Lester St
$8951 to 2 Bedroom Apartments

251 Lester St

251 Lester StWaterloo, ON N2L 3W6
Student Housing
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185 King St N
$929 - $1,1405 Bedroom Apartments

185 King St N

185 King St NWaterloo, ON N2J 0E1
Student Housing
  • Smoke Free
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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Park Manor
$1,0951 Bedroom Apartments

Park Manor

521 Park StKitchener, ON N2G 1N8
  • Utilities Included
Showing Results 1-43, Page 1 of 1

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. University Place - 50 University Ave E has the second lowest priced unit, which is a 6 Beds apartment currently listed from $795. Here are the most affordable Waterloo Uptown apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
Spring Village1 Bedroom Shared Accommodation1BR,1BA$785
University Place - 50 University Ave E6 Beds, 2 baths6BR,2BA$795
185 King St N5 Beds, 5 baths5BR,5BA$929
Kings TowerStudioStudio,1BA$1,399
Sage XStudio1BR,1BA$1,450
Avenue ApartmentsStudio, 1 BathroomStudio,1BA$1,475
100 Walter Street1 Bedroom1BR,1BA$1,500
200 Shakespeare Drive0 Bedroom, 1 BathroomStudio,1BA$1,520
Westwood Drive Apartments1 Bedroom Model1BR,1BA$1,525
Sage PlatinumStudioStudio,1BA$1,575

Best Value Apartments for Rent in Waterloo Uptown, ON

As of April 30, 2026 the best value apartment in the Waterloo Uptown area is the $1.90 price per square foot 2-Level Townhouse 2 Bed + 3 Bath + Den + Media ... Model at The Carrick in the in the Kitchener South West neighborhood starting from $3,945. The second greatest value Waterloo Uptown apartment is the 3 Bedroom Model at Ivy Three starting at $3,400 with a $1.81 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.
The Carrick2-Level Townhouse 2 Bed + 3 Bath + Den + Media ...2BR,3BA$1.90
Ivy Three3 Bedroom3BR,3BA$1.81
Ivy Towns3 Beds, 2 baths3BR,2BA$1.73
William Apartments2 Beds, 1 Baths2BR,1BA$1.80
University Place - 50 University Ave E3 Beds, 1.5 baths3BR,1.5BA$0.72
Mayfieldview Court2 Bedroom Townhouse Premium2BR,1BA$2.23
11 Devitt Av S2 Bedroom2BR,1BA$1.75
Beacon TowerOne Bedroom1BR,1BA$1.99
Richmond Square1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$2.08
45 Caroline St NOne Bedroom Apartment1BR,1BA$2.23

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 $2,340.

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 52 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 $883 which is $1,457 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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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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