
Cheap Homes for Rent near Wellesley, ON from $750 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Wellesley.


461 Victoria St S

85 High Acres Cres
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.

317 Duke St W

99 Westwood Dr

156 Cedar St S
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.
Wellesley, ON Local Guide
How much does it cost to rent a home in Wellesley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wellesley 2 Bedroom Homes for Rent | $2,028 | $1,745 | $2,450 |
| Wellesley 3 Bedroom Homes for Rent | $2,541 | $2,000 | $3,000 |
| Wellesley 4 Bedroom Homes for Rent | $3,126 | $3,000 | $3,380 |
| Wellesley 5 Bedroom Homes for Rent | $3,396 | $3,200 | $3,790 |
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Wellesley, ON Local Guide
- Nearby Cities
Cheapest Available Wellesley Apartments for Rent and Nearby
 The cheapest available apartment rental in Wellesley, ON is a 6 Beds unit found at University Place - 50 University Ave E in the Waterloo North East neighborhood priced from $695. 45-51 E Surrey St in the Guelph East neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here is today’s list of the most affordable Wellesley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Place - 50 University Ave E | 6 Beds, 2 baths | 6BR,2BA | $695 |
| 45-51 E Surrey St | Studio | Studio, | $795 |
| Studios on King | Bachelor | Studio,1BA | $1,150 |
Best Value Apartments for Rent in Wellesley, ON and Nearby
As of August 27, 2026 the best value apartment in the Wellesley area is the $1.77 price per square foot 3 Bedroom(s) and 1.5 Bathroom(s) Model at Sunnydale in the in the Waterloo North West neighborhood starting from $2,650. The second greatest value Wellesley apartment is the 2 Bedroom Model at Riverside Place starting at $1,874 with a $1.40 price per square foot in the Kitchener North East neighborhood. Here is today’s list of the best values for Wellesley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunnydale | 3 Bedroom(s) and 1.5 Bathroom(s) | 3BR,1.5BA | $1.77 |
| Riverside Place | 2 Bedroom | 2BR,1BA | $1.40 |
| Gresham Place | 3 Bedroom | 3BR,1BA | $1.73 |
| 180 Mill Street | 2 Bedroom + Den + 2 Bath | 2BR,2BA | $1.76 |
| The HUB - 365 Albert | 2 Bedroom | 2BR,2BA | $1.63 |
| The HUB GEOWAVE | 2 Bedroom | 2BR,2BA | $1.63 |
| University Place - 50 University Ave E | 3 Beds, 1.5 baths | 3BR,1.5BA | $0.63 |
| Queen Margaret I | 2 Bedroom | 2BR,1BA | $1.88 |
| 383 Albert St | One Bedroom Apartment | 1BR,1BA | $1.85 |
| Highpoint Kitchener | 2 Bed 1 Bath A | 2BR,1BA | $1.86 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Wellesley
What type of rentals are currently available in Wellesley?
There are currently 100 Apartments for Rent in Wellesley, ON with pricing that ranges from $679 to $6,105. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wellesley ranging from $750 to $3,790.
What is the current price range for Rental Homes in Wellesley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wellesley ranges from $750 to $3,790 with an average monthly rent of $2,230.
How much are larger Three and Four Bedroom Rentals in Wellesley?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wellesley range from $695 to $6,105, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,000. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $695.
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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.