Cheap Apartments for Rent in the Waterloo University Neighborhood of Waterloo, ON from C$500 (23 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
property at 251 Lester St

251 Lester St

WaterlooONN2L 3W6
property at 392 Albert St

392 Albert St

WaterlooONN2L 3V1
Showing Results 1-23, 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 6 Beds unit found at King Street Towers priced from C$730. 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 University apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
King Street Towers6 Bedroom/ 5 Bath Tower 16BR,5BAC$730
261 Lester St0 Beds, 2 BathsStudio,2BAC$795
253 Lester St0 Beds, 2 BathsStudio,2BAC$795
251 Lester St1 Beds, 2 Baths1BR,2BAC$895
Spring Village1 Bedroom Shared Accommodation1BR,1BAC$988

Best Value Apartments for Rent in Waterloo University, ON

As of April 03, 2025 the best value apartment in the Waterloo University 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 University apartment is the 1 Bedroom + Den Model at The Onyx starting at C$2,249 with a C$2.36 price per square foot in the Waterloo North West 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.
255 Sunview St2 Bedroom plus Den2BR,2BAC$2.77
The Onyx1 Bedroom + Den1BR,1BAC$2.36
55 Caroline StTwo Bedroom Apartment2BR,1BAC$2.24
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
131 University1 Bedroom plus Den1BR,1BAC$3.07
The Bevel1 Bedroom1BR,1BAC$3.09
200 Shakespeare Drive1 Bedroom(s) and 1 Bathroom(s)1BR,1BAC$3.08
Richmond Square1 Bedroom(s) and 1 Bathroom(s)1BR,1BAC$2.94

Frequently Asked Questions about Cheap Waterloo University Apartments

What is a cheap apartment in Waterloo University?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterloo University is under C$1,850.

What is the price of a cheap apartment in Waterloo University?

The cheapest apartment in Waterloo University is 251 Lester St which is listed at C$895, while the average apartment in Waterloo University costs C$3,990.

What types of apartments are the cheapest in Waterloo University?

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 5 regular apartments in Waterloo University 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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