Cheap Apartments for Rent in Kitchener, ON from C$500 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in Kitchener.

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Park Manor
1 Bedroom Apartments

Park Manor

521 Park StKitchener, ON N2G 1N8
  • Utilities Included
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141-149 Borden Ave N
2 Bedroom Apartments

141-149 Borden Ave N

141-149 Borden Ave NKitchener, ON N2H 3J5
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10-14 Rosedale Ave
Studio to 2 Bedroom Apartments

10-14 Rosedale Ave

10-14 Rosedale AveKitchener, ON N2H 1J3
  • Utilities Included
property at 253 Lester St

253 Lester St

WaterlooONN2L 3W6
property at 261 Lester St

261 Lester St

WaterlooONN2L 3W6
property at 251 Lester St

251 Lester St

WaterlooONN2L 3W6
property at 392 Albert St

392 Albert St

WaterlooONN2L 3V1
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Uptown Apartments
1 to 2 Bedroom Apartments

Uptown Apartments

154 Erb St EWaterloo, ON N2J 1M4
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Showing Results 1-35, Page 1 of 1

Kitchener, ON Local Guide

Cheapest Neighborhoods for Apartments in Kitchener, ON

Pricing Updated: 04/13/2025

Current apartment rentals in the Kitchener, ON area range in price from C$575 to C$4,505 with an overall median price of C$2,469. The three Kitchener neighborhoods with the lowest median rent pricing are Kitchener South Central at C$1,400, Kitchener South West at C$575, and Kitchener North West at C$670. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Kitchener Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Kitchener South CentralC$2,350C$1,40074
Kitchener South WestC$2,475C$575174
Kitchener North WestC$2,495C$67059
Kitchener North EastC$2,497C$1,55057
Kitchener CentralC$2,500C$1,40088
Kitchener South EastC$2,500C$1,42563

Cheapest Available Kitchener Apartments for Rent

 

The cheapest available apartment rental in Kitchener, ON is a 6 Beds unit found at University Place - 50 University Ave E in the Kitchener North West neighborhood priced from C$670. 261 Lester St in the Waterloo North East neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from C$795. Here is today’s list of the most affordable Kitchener apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Place - 50 University Ave E6 Beds, 2 baths6BR,2BAC$670
261 Lester St0 Beds, 2 BathsStudio,2BAC$795
253 Lester St0 Beds, 2 BathsStudio,2BAC$795
Linden Village5 Bedroom Shared Occupancy5BR,2BAC$973
Spring Village1 Bedroom Shared Accommodation1BR,1BAC$988
214 York QueenOne Bedroom1BR,1BAC$1,400
NUVOStudioStudio,1BAC$1,425
Mooregate Apartments0 Bedroom(s) and 1 Bathroom(s)Studio,1BAC$1,435
265 Lawrence Avenue Townhomes1 Beds, 1 Baths1BR,1BAC$1,550
Capitol Hill Apartments1 Bed 1 Bath D1BR,1BAC$1,575

Best Value Apartments for Rent in Kitchener, ON

As of April 14, 2025 the best value apartment in the Kitchener area is the C$1.96 price per square foot 3 Bedroom Model at Fairview Towers in the in the Kitchener North East neighborhood starting from C$2,550. The second greatest value Kitchener apartment is the 2 Beds, 1 Baths Model at William Apartments starting at C$2,505 with a C$1.99 price per square foot in the Waterloo Uptown neighborhood. Here is today’s list of the best values for Kitchener apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fairview Towers3 Bedroom3BR,1.5BAC$1.96
William Apartments2 Beds, 1 Baths2BR,1BAC$1.99
Josephs Place2 Bedroom, 2 Bath2BR,2BAC$1.86
Towns at HolbornThree Bedroom3BR,1BAC$2.00
Heritage PlaceTwo Bedroom2BR,2BAC$1.99
Brookside Park2 Bedroom2BR,1BAC$1.90
University Place - 50 University Ave E2 Beds, 1 bath2BR,1BAC$0.69
94 Beck StTwo Bedroom2BR,1BAC$1.96
250 Frederick StOne Bedroom1BR,1BAC$1.89
Beacon TowerOne Bedroom1BR,1BAC$2.07

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Cheap Kitchener Apartments

What is a cheap apartment in Kitchener?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Kitchener is under C$1,575.

What is the price of a cheap apartment in Kitchener?

The cheapest apartment in Kitchener is Spring Village which is listed at C$988, while the average apartment in Kitchener costs C$2,469.

What types of apartments are the cheapest in Kitchener?

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 8 regular apartments in Kitchener that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Kitchener?

Cheap apartments in Kitchener have an average cost of C$486 which is C$1,983 cheaper than the average rent for all rentals in Kitchener.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.