Cheap Apartments for Rent in the Waterloo North East Neighborhood of Waterloo, ON from C$600 (21 Rentals)

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

property at 261 Lester St

261 Lester St

WaterlooONN2L 3W6
property at 253 Lester St

253 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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67 Milford Ave
Studio to 1 Bedroom Apartments

67 Milford Ave

67 Milford AveWaterloo, ON N2L 3Z4
Showing Results 1-21, Page 1 of 1

Cheapest Available Waterloo North East Apartments for Rent

 

The cheapest available apartment rental in the Waterloo North East area of Waterloo, ON is a 6 Beds unit found at University Place - 50 University Ave E priced from C$670. King Street Towers has the second lowest priced unit, which is a 6 Beds apartment currently listed from C$730. Here are the most affordable Waterloo North East apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
University Place - 50 University Ave E6 Beds, 2 baths6BR,2BAC$670
King Street Towers6 Bedroom/ 5 Bath Tower 16BR,5BAC$730
253 Lester St0 Beds, 2 BathsStudio,2BAC$795
261 Lester St0 Beds, 2 BathsStudio,2BAC$795
251 Lester St1 Beds, 2 Baths1BR,2BAC$895

Best Value Apartments for Rent in Waterloo North East, ON

As of March 30, 2025 the best value apartment in the Waterloo North East area is the C$2.77 price per square foot 2 Bedroom plus Den Model at 255 Sunview St in the in the Waterloo North East neighborhood starting from C$3,379. The second greatest value Waterloo North East apartment is the 5 Bedroom, 5 Bath Model at Bridgeport House starting at C$1,225 with a C$1.22 price per square foot in the Waterloo North East neighborhood. Here is today’s list of the best values for Waterloo North East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
255 Sunview St2 Bedroom plus Den2BR,2BAC$2.77
Bridgeport House5 Bedroom, 5 Bath5BR,5BAC$1.22
University Place - 50 University Ave E2 Beds, 1 bath2BR,1BAC$0.69
The HUB GEOWAVE1 Bedroom plus Den1BR,1BAC$2.71
365 Albert1 Bedroom plus Den1BR,1BAC$2.71
Northfield GardensTwo Bedroom + Two Bath2BR,2BAC$2.47
125 Lincoln Rd, Unit 705125 Lincoln Rd1BR,1BAC$2.86
The Carmine, 528 Lancaster Street WestPelican2BR,2BAC$2.91
Davenport Apartments1 Bedroom1BR,1BAC$2.27
130 & 140 Lincoln RoadOne Bedroom Apartment1BR,1BAC$2.83

Frequently Asked Questions about Cheap Waterloo North East Apartments

What is a cheap apartment in Waterloo North East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterloo North East is under C$1,799.

What is the price of a cheap apartment in Waterloo North East?

The cheapest apartment in Waterloo North East is 251 Lester St which is listed at C$895, while the average apartment in Waterloo North East costs C$2,449.

What types of apartments are the cheapest in Waterloo North East?

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 9 regular apartments in Waterloo North East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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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.