Cheap Apartments for Rent in the Waterloo Uptown Neighborhood of Waterloo, ON from C$500 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waterloo Uptown 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
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Park Manor
1 Bedroom Apartments

Park Manor

521 Park StKitchener, ON N2G 1N8
  • Utilities Included
Showing Results 1-22, Page 1 of 1

Cheapest Available Waterloo Uptown Apartments for Rent

 

The cheapest available apartment rental in the Waterloo Uptown area of Waterloo, ON is a 6 Beds unit found at University Place - 50 University Ave E priced from C$670. 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 Uptown apartments for rent in Waterloo, ON:

Apartment ListingModel NameBed/BathPriced From
University Place - 50 University Ave E6 Beds, 2 baths6BR,2BAC$670
261 Lester St0 Beds, 2 BathsStudio,2BAC$795
253 Lester St0 Beds, 2 BathsStudio,2BAC$795
Linden Village5 Bedroom Shared Occupancy5BR,2BAC$973
Spring Village1 Bedroom Shared Accommodation1BR,1BAC$988

Best Value Apartments for Rent in Waterloo Uptown, ON

As of April 13, 2025 the best value apartment in the Waterloo Uptown area is the C$1.99 price per square foot 2 Beds, 1 Baths Model at William Apartments in the in the Waterloo Uptown neighborhood starting from C$2,505. The second greatest value Waterloo Uptown apartment is the 2 Bedroom + 2 Bath Model at The Carrick starting at C$2,585 with a C$2.15 price per square foot in the Kitchener Central neighborhood. Here is today’s list of the best values for Waterloo Uptown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
William Apartments2 Beds, 1 Baths2BR,1BAC$1.99
The Carrick2 Bedroom + 2 Bath2BR,2BAC$2.15
239 Albert St1 Bedroom plus Dining1BR,1BAC$2.13
University Place - 50 University Ave E2 Beds, 1 bath2BR,1BAC$0.69
Spurline Flats, Midtown Waterloo2 Bedroom(s) and 1 Bathroom(s)2BR,1BAC$2.47
The Onyx1 Bedroom + Den1BR,1BAC$2.36
55 Caroline StTwo Bedroom Apartment2BR,1BAC$2.24
Avenue Apartments2 Bedroom(s) and 1 Bathroom(s)2BR,1BAC$2.50
Beacon TowerOne Bedroom1BR,1BAC$2.07
45 Caroline St NOne Bedroom Apartment1BR,1BAC$2.43

Frequently Asked Questions about Cheap Waterloo Uptown Apartments

What is a cheap apartment in Waterloo Uptown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterloo Uptown is under C$1,780.

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

The cheapest apartment in Waterloo Uptown is Spring Village which is listed at C$988, while the average apartment in Waterloo Uptown costs C$2,450.

What types of apartments are the cheapest in Waterloo Uptown?

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 4 regular apartments in Waterloo Uptown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Waterloo Uptown?

Cheap apartments in Waterloo Uptown have an average cost of C$1,207 which is C$1,243 cheaper than the average rent for all rentals in Waterloo Uptown.

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

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.

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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.

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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.

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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.