Cheap Apartments for Rent in the Waterloo University Neighborhood of Waterloo, ON from C$500 (24 Rentals)

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

property at 261 Lester St

261 Lester St

WaterlooONN2L 3W6
property at 253 Lester St

253 Lester St

WaterlooONN2L 3W6

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 251 Lester St

251 Lester St

WaterlooONN2L 3W6
property at 392 Albert St

392 Albert St

WaterlooONN2L 3V1
property at 185 King St N

185 King St N

WaterlooONN2J 0E1
property at 275 Larch St

275 Larch St

WaterlooONN2L 3R2
Showing Results 1-24, Page 1 of 1

Cheapest Available Waterloo University Apartments for Rent

 

The cheapest available apartment rental in the Waterloo University area of Waterloo, ON is a Studio unit found at 261 Lester St priced from C$795. 253 Lester St has the second lowest priced unit, which is a Studio apartment currently listed from C$795. Here are the most affordable Waterloo University apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
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
383 Albert StOne Bedroom Apartment1BR,1BAC$1,699

Best Value Apartments for Rent in Waterloo University, ON

As of April 26, 2025 the best value apartment in the Waterloo University 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 University apartment is the 2 Bedroom(s) and 1 Bathroom(s) Model at Avenue Apartments starting at C$2,180 with a C$2.50 price per square foot in the Waterloo North East neighborhood. Here is today’s list of the best values for Waterloo University apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
239 Albert St1 Bedroom plus Dining1BR,1BAC$2.13
Avenue Apartments2 Bedroom(s) and 1 Bathroom(s)2BR,1BAC$2.50
Beacon TowerOne Bedroom1BR,1BAC$2.07
365 Albert1 Bedroom plus Den1BR,1BAC$2.71
The HUB GEOWAVE1 Bedroom plus Den1BR,1BAC$2.71
45 Caroline St NOne Bedroom Apartment1BR,1BAC$2.43
The Carrick1 Bedroom + 1 Bath1BR,1BAC$2.51
55 Caroline StOne Bedroom Apartment1BR,1BAC$2.64
Richmond Square1 Bedroom(s) and 1 Bathroom(s)1BR,1BAC$2.94
383 Albert StOne Bedroom Apartment1BR,1BAC$2.96

Frequently Asked Questions about Cheap Waterloo University Apartments

What is the Cheapest Studio apartment in Waterloo University?

Currently the most affordable Cheap Studio Apartment in Waterloo University is at 261 Lester St listed at C$795.

How much is rent for a Cheap One Bedroom Waterloo University Apartment?

The lowest price for a Cheap One Bedroom Waterloo University Apartment is C$988 at Spring Village.

What is the lowest price for a Cheap Two Bedroom Waterloo University Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waterloo University is starting from C$1,799 at 383 Albert St.

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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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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

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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.