Cheap Homes for Rent in Wellesley, ON from C$600 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in Wellesley.

property at 95 Park St

95 Park St

WaterlooONN2L 1Y2
property at 271 Lester St

271 Lester St

WaterlooONN2L 3W6
property at 251 Lester St

251 Lester St

WaterlooONN2L 3W6

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Wellesley, ON Local Guide

Cheapest Available Wellesley Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wellesley, ON is a Studio unit found at 45-51 E Surrey St in the Guelph East neighborhood priced from C$700. King Street Towers - Student Living in the Waterloo North East neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from C$830. Here is today’s list of the most affordable Wellesley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
45-51 E Surrey StbachelorStudio,C$700
King Street Towers - Student Living4 Bedroom/ 3 Bath4BR,3BAC$830
Kappele Circle25 Kappele Circle - Plan AStudio,1BAC$1,249
Studios on KingBachelorStudio,1BAC$1,250
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BAC$1,350

Best Value Apartments for Rent in Wellesley, ON and Nearby

As of August 28, 2025 the best value apartment in the Wellesley area is the C$1.76 price per square foot 3 Bedroom + 3 Bath Model at 180 Mill Street in the starting from C$3,450. The second greatest value Wellesley apartment is the 2 Bedroom, 2 Bathroom Model at 200 Shakespeare Drive starting at C$2,350 with a C$1.58 price per square foot in the Waterloo North West neighborhood. Here is today’s list of the best values for Wellesley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
180 Mill Street3 Bedroom + 3 Bath3BR,3BAC$1.76
200 Shakespeare Drive2 Bedroom, 2 Bathroom2BR,2BAC$1.58
Alto Towers1 Beds, 1 Baths1BR,1BAC$1.83
The Whitehall3 Bedroom, 2 Bathroom3BR,2BAC$1.99
250 Frederick StTwo Bedroom2BR,1BAC$1.73
Regency2 Bedroom2BR,1BAC$2.03
Towns at HolbornTwo Bedroom2BR,1BAC$2.00
Queen Margaret I2 Bedroom2BR,1BAC$2.01
Hespeler House - Student Living4 Bedroom 4 Bathroom4BR,4BAC$1.46
Gresham Place1 Bedroom1BR,1BAC$2.04

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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 88 Apartments for Rent in Wellesley, ON with pricing that ranges from C$700 to C$6,450. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wellesley ranging from C$675 to C$6,000.

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 C$675 to C$6,000 with an average monthly rent of C$2,570.

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 C$2,145 to C$4,365, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$1,860 to C$3,195. Four Bedroom Single-Family rentals are also available starting from C$800 and Four Bedroom Apartments start at C$830.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.