
Cheap Homes for Rent in Waterloo University Neighborhood of Waterloo, ON from C$600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterloo University area of Waterloo.


271 Lester St

49 Columbia St W

8 Hickory St W

8 Hickory St W

330 Phillip 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.
Waterloo University, Waterloo, ON Local Guide
How much does it cost to rent a home in Waterloo University?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waterloo University 2 Bedroom Homes for Rent | C$2,324 | C$1,699 | C$3,900 |
Waterloo University 3 Bedroom Homes for Rent | C$3,300 | C$3,000 | C$3,600 |
Waterloo University 4 Bedroom Homes for Rent | C$3,497 | C$2,800 | C$4,195 |
Waterloo University 5 Bedroom Homes for Rent | C$1,280 | C$700 | C$2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Waterloo University Neighborhood of Waterloo, ON.
Explore Waterloo
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 |
Best Value Apartments for Rent in Waterloo University, ON
As of April 24, 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 |
The HUB GEOWAVE | 1 Bedroom plus Den | 1BR,1BA | C$2.71 |
365 Albert | 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$2.76 |
255 Sunview St | 1 Bedroom plus Den | 1BR,1BA | C$3.00 |
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 Waterloo University
What type of rentals are currently available in Waterloo University?
There are currently 215 Apartments for Rent in Waterloo University, ON with pricing that ranges from C$575 to C$6,125. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo University ranging from C$700 to C$4,195.
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$4,195 with an average monthly rent of C$2,437.
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$1,200 to C$3,990, while Three Bedroom Homes, Condos, and Townhomes for rent range from C$3,000 to C$3,600. Four Bedroom Single-Family rentals are also available starting from C$2,800 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.

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.

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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.