
Cheap Apartments for Rent in the Waterloo Uptown Neighborhood of Waterloo, ON from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo Uptown area of Waterloo.


379-379 Erb St. W

261 Lester St

271-271 Lester St

261-261 Lester St

253-253 Lester St
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.

251-251 Lester St

50 University Ave E

University Place - 50 University Ave E

Total Monthly Price
86 University Av W

295 Lester St

MyRez On Lester - Student Living
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.

308 Hawthorn St

261 Lester St

Spring Village

253 Lester St

251 Lester St

185 King St N
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.

311 Batavia Pl

Park Manor
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 | $1,433 | $1,350 | $1,500 |
| Waterloo Uptown 1 Bedroom Apartments | $1,943 | $400 | $2,700 |
| Waterloo Uptown 2 Bedroom Apartments | $2,096 | $1,213 | $4,505 |
| Waterloo Uptown 3 Bedroom Apartments | $1,970 | $795 | $2,975 |
| Waterloo Uptown 4 Bedroom Apartments | $938 | $732 | $1,295 |
| Waterloo Uptown 5 Bedroom Apartments | $1,743 | $600 | $5,650 |
Browse Apartments in this Neighborhood
There are currently 20 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 Hespeler House - Student Living priced from $732. Fergus House - Student Living has the second lowest priced unit, which is a 4 Beds apartment currently listed from $732. Here are the most affordable Waterloo Uptown apartments for rent in Waterloo, ON:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $732 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $732 |
| Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | $785 |
| University Place - 50 University Ave E | 6 Beds, 2 baths | 6BR,2BA | $795 |
| 308 King | 1 Bedroom 1 Den 1 Bathroom | 2BR,1BA | $1,213 |
Best Value Apartments for Rent in Waterloo Uptown, ON
As of March 15, 2026 the best value apartment in the Waterloo Uptown area is the $2.04 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 Model at Margaret Place starting at $2,480 with a $2.25 price per square foot in the Kitchener North West 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 | $2.04 |
| Margaret Place | 2 Bedroom | 2BR,2BA | $2.25 |
| University Place - 50 University Ave E | 3 Beds, 1.5 baths | 3BR,1.5BA | $0.72 |
| Fergus House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $0.75 |
| Hespeler House - Student Living | 4 Bedroom 4 Bathroom | 4BR,4BA | $0.79 |
| Park Place | One Bedroom | 1BR,1BA | $1.80 |
| Beacon Tower | One Bedroom | 1BR,1BA | $2.11 |
| Westwood Drive Apartments | 2 Bedroom Model | 2BR,1BA | $2.25 |
| 45 Caroline St N | One Bedroom Apartment | 1BR,1BA | $2.23 |
| 81 Westwood Dr | 1 Bedroom Model | 1BR,1BA | $2.19 |
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 $2,095.
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 14 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.