Cheap Homes for Rent in Waterloo Uptown Neighborhood of Waterloo, ON from $600 (25 Rentals)

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

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.

property at 271 Lester St

$750

5 Bedroom Rentals

Available Now

271 Lester St

WaterlooONN2L 3W6

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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. 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
Westwood Garden ApartmentsStudioStudio,1BA$1,449
Avenue ApartmentsStudio, 1 BathroomStudio,1BA$1,475
100 Walter Street1 Bedroom1BR,1BA$1,500

Best Value Apartments for Rent in Waterloo Uptown, ON

As of June 19, 2026 the best value apartment in the Waterloo Uptown area is the $2.25 price per square foot The Mckenzie - 2 Bed + Den Model at The Barrel Yards in the in the Waterloo North West neighborhood starting from $3,030. 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.
The Barrel YardsThe Mckenzie - 2 Bed + Den2BR,2BA$2.25
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$1.73
Beacon TowerOne Bedroom1BR,1BA$1.97
Richmond Square1 Bedroom(s) and 1 Bathroom(s)1BR,1BA$2.08
Westwood Drive Apartments2 Bedroom Model2BR,1BA$2.25
45 Caroline St NOne Bedroom Apartment1BR,1BA$2.23
Kings Tower1 Bedroom1BR,1BA$2.18
81 Westwood Dr1 Bedroom Model1BR,1BA$2.19

Frequently Asked Questions about Waterloo Uptown

What type of rentals are currently available in Waterloo Uptown?

There are currently 323 Apartments for Rent in Waterloo Uptown, ON with pricing that ranges from $500 to $6,105. There are also 466 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo Uptown ranging from $600 to $5,500.

What is the current price range for Rental Homes in Waterloo Uptown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterloo Uptown ranges from $600 to $5,500 with an average monthly rent of $1,998.

How much are larger Three and Four Bedroom Rentals in Waterloo Uptown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterloo Uptown range from $795 to $6,105, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,599 to $3,500. Four Bedroom Single-Family rentals are also available starting from $805 and Four Bedroom Apartments start at $795.

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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.