Cheap Homes for Rent in Waterloo University Neighborhood of Waterloo, ON from C$700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterloo University area of Waterloo.

271 Lester St

8 Hickory St W

255-255 Sunview St

250-250 Albert St

124 King St N

318-1318 Spruce St
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$2,345 | C$1,649 | C$3,900 |
Waterloo University 3 Bedroom Homes for Rent | C$3,218 | C$2,800 | C$3,600 |
Waterloo University 4 Bedroom Homes for Rent | C$3,000 | C$2,800 | C$3,200 |
Waterloo University 5 Bedroom Homes for Rent | C$1,362 | C$749 | 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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
King Street Towers | 6 Bedroom/ 5 Bath Tower 1 | 6BR,5BA | C$730 |
261 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$795 |
253 Lester St | 0 Beds, 2 Baths | Studio,2BA | C$795 |
Best Value Apartments for Rent in Waterloo University, ON
As of March 29, 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 5 Bedroom, 5 Bath Model at Bridgeport House starting at C$1,225 with a C$1.22 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. |
---|---|---|---|
255 Sunview St | 2 Bedroom plus Den | 2BR,2BA | C$2.77 |
Bridgeport House | 5 Bedroom, 5 Bath | 5BR,5BA | C$1.22 |
The Onyx | 1 Bedroom + Den | 1BR,1BA | C$2.36 |
55 Caroline St | Two Bedroom Apartment | 2BR,1BA | C$2.24 |
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$2.50 |
131 University | 1 Bedroom plus Den | 1BR,1BA | C$3.07 |
The Bevel | 1 Bedroom | 1BR,1BA | C$3.09 |
Richmond Square | 1 Bedroom(s) and 1 Bathroom(s) | 1BR,1BA | C$2.94 |
Frequently Asked Questions about Waterloo University
What type of rentals are currently available in Waterloo University?
There are currently 208 Apartments for Rent in Waterloo University, ON with pricing that ranges from C$575 to C$6,505. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo University ranging from C$749 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$749 to C$3,900 with an average monthly rent of C$2,337.
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$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.

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.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
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.