Cheap Apartments for Rent in the Waterloo Uptown Neighborhood of Waterloo, ON from $500 (14 Rentals)

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

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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
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Spring Village
$785 - $1,1161 to 2 Bedroom Apartments

Spring Village

208 Sunview StWaterloo, ON N2L 3V6
Furnished
  • Smoke Free
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253 Lester St
$795Studio Apartments

253 Lester St

253 Lester StWaterloo, ON N2L 3W6
Student Housing
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251 Lester St
$8951 to 2 Bedroom Apartments

251 Lester St

251 Lester StWaterloo, ON N2L 3W6
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185 King St N
$949 - $1,3005 Bedroom Apartments

185 King St N

185 King St NWaterloo, ON N2J 0E1
Student Housing
  • Smoke Free
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Park Manor
$1,0951 Bedroom Apartments

Park Manor

521 Park StKitchener, ON N2G 1N8
  • Utilities Included

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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 ListingModel NameBed/BathPriced From
Spring Village1 Bedroom Shared Accommodation1BR,1BA$785
185 King St N5 Beds, 5 baths5BR,5BA$949
GiorgioStudioStudio,1BA$1,425
Huntington Place1 Bedroom1BR,1BA$1,449
Kings TowerStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
William Apartments2 Beds, 1 Baths2BR,1BA$1.64
Avenue Apartments2 Bedroom, 1 Bathroom2BR,1BA$1.51
Victoria Park Place I2 Bedroom Model2BR,2BA$1.94
The Carrick2 Bedroom + 2 Bath2BR,2BA$2.33
Margaret Place1 Bedroom1BR,2BA$2.30
200 Shakespeare Drive1 Bedroom, 1 Bathroom1BR,1BA$2.28
45 Caroline St NOne Bedroom Apartment1BR,1BA$2.43
144 Lucan Ave, Waterloo2E2BR,1BA$2.71
130 & 140 Lincoln RoadOne Bedroom Apartment1BR,1BA$2.68
Huntington Place1 Bedroom1BR,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

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.