Cheap Homes for Rent in Waterloo University Neighborhood of Waterloo, ON from C$700 (9 Rentals)

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

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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 ListingModel NameBed/BathPriced From
261 Lester St0 Beds, 2 BathsStudio,2BAC$795
253 Lester St0 Beds, 2 BathsStudio,2BAC$795
251 Lester St1 Beds, 2 Baths1BR,2BAC$895

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 Waterloo University

What type of rentals are currently available in Waterloo University?

There are currently 214 Apartments for Rent in Waterloo University, ON with pricing that ranges from C$575 to C$6,505. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo University ranging from C$700 to C$3,900.

What is the current price range for Rental Homes in Waterloo University?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterloo University ranges from C$700 to C$3,900 with an average monthly rent of C$2,370.

How much are larger Three and Four Bedroom Rentals in Waterloo University?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterloo University range from C$2,400 to C$3,990, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$2,800 to C$3,600. Four Bedroom Single-Family rentals are also available starting from C$3,200 and Four Bedroom Apartments start at C$730.

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

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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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Renting Smart: Lease Basics Every Renter Needs

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

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How Your Move-In Inspection Can Protect Your Security Deposit

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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.