
Cheap Apartments for Rent in the Waterloo University Neighborhood of Waterloo, ON from C$500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterloo University area of Waterloo.


104-104 Lester St

405-405 Lester St

304-304 Lester St

303-303 Lester St

202-202 Lester St

504-504 Lester St

King Street Towers

261 Lester St

253 Lester St
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.

204-204 Lester St

251 Lester St

392 Albert St

185 King St N

110 University Av W

274 Erb St W

275 Larch St
Waterloo University, Waterloo, ON Local Guide
How much does it cost to rent an apartment in Waterloo University?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waterloo University Studio Apartments | C$803 | C$700 | C$995 |
Waterloo University 1 Bedroom Apartments | C$2,314 | C$1,200 | C$2,795 |
Waterloo University 2 Bedroom Apartments | C$2,741 | C$1,700 | C$4,505 |
Waterloo University 3 Bedroom Apartments | C$2,820 | C$1,200 | C$3,990 |
Waterloo University 4 Bedroom Apartments | C$2,421 | C$730 | C$4,720 |
Waterloo University 5 Bedroom Apartments | C$2,677 | C$575 | C$6,125 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the Waterloo University Neighborhood of Waterloo, ON.
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
261 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$795 |
253 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$795 |
Linden Village | 5 Bedroom Shared Occupancy | 5BR,2BA | C$973 |
Spring Village | 1 Bedroom Shared Accommodation | 1BR,1BA | C$988 |
383 Albert St | One Bedroom Apartment | 1BR,1BA | C$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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
239 Albert St | 1 Bedroom plus Dining | 1BR,1BA | C$2.13 |
Avenue Apartments | 2 Bedroom(s) and 1 Bathroom(s) | 2BR,1BA | C$2.50 |
Beacon Tower | One Bedroom | 1BR,1BA | C$2.07 |
365 Albert | 1 Bedroom plus Den | 1BR,1BA | C$2.71 |
The HUB GEOWAVE | 1 Bedroom plus Den | 1BR,1BA | C$2.71 |
45 Caroline St N | One Bedroom Apartment | 1BR,1BA | C$2.43 |
The Carrick | 1 Bedroom + 1 Bath | 1BR,1BA | C$2.51 |
55 Caroline St | One Bedroom Apartment | 1BR,1BA | C$2.64 |
Richmond Square | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | C$2.94 |
383 Albert St | One Bedroom Apartment | 1BR,1BA | C$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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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.

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.