Cheap Apartments for Rent in the Waterloo North East Neighborhood of Waterloo, ON from C$600 (25 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

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154 Erb St EWaterloo, ON N2J 1M4
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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. 261 Lester St has the second lowest priced unit, which is a Studio apartment currently listed from C$795. 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
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

Best Value Apartments for Rent in Waterloo North East, ON

As of April 13, 2025 the best value apartment in the Waterloo North East area is the C$2.13 price per square foot 1 Bedroom plus Dining Model at 239 Albert St in the in the Waterloo North East neighborhood starting from C$2,064. The second greatest value Waterloo North East apartment is the 2 Beds, 1 bath Model at University Place - 50 University Ave E starting at C$670 with a C$0.69 price per square foot in the Kitchener North West 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.
239 Albert St1 Bedroom plus Dining1BR,1BAC$2.13
University Place - 50 University Ave E2 Beds, 1 bath2BR,1BAC$0.69
The HUB GEOWAVE2 Bedroom2BR,2BAC$2.72
Avenue Apartments2 Bedroom(s) and 1 Bathroom(s)2BR,1BAC$2.50
365 Albert1 Bedroom plus Den1BR,1BAC$2.71
Northfield GardensTwo Bedroom + Two Bath2BR,2BAC$2.47
Davenport Apartments1 Bedroom1BR,1BAC$2.27
67 Milford AveOne Bedroom1BR,1BAC$2.54
130 & 140 Lincoln RoadOne Bedroom Apartment1BR,1BAC$2.75
The Carmine, 528 Lancaster Street West0 Bedroom(s) and 1 Bathroom(s)Studio ,1BAC$2.76

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$1,825.

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

The cheapest apartment in Waterloo North East is Spring Village which is listed at C$988, while the average apartment in Waterloo North East costs C$2,375.

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 4 regular apartments in Waterloo North East 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 Waterloo North East?

Cheap apartments in Waterloo North East have an average cost of C$2,256 which is C$119 cheaper than the average rent for all rentals in Waterloo North East.

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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