What are the cheapest neighborhoods to rent an apartment in Waterloo, ON?

The most affordable neighborhoods to rent an apartment in Waterloo, ON are Waterloo North-East , Waterloo North-West , and Waterloo University , where rent prices are below the city average of C$1,881.

What is considered a cheap rent price in Waterloo, ON?

In Waterloo ON, rent is considered cheap when it's under C$1,500 per month; that's 20% less than the city's median rent of C$1,881.

How many cheap apartments are available in Waterloo, ON?

There are 157 affordable apartments for rent in Waterloo, ON, starting from C$1,414/month.

Are there rent specials available in Waterloo, ON?

There are 372 apartments in Waterloo, ON with rent specials such as discounted deposits, waived fees, or a first month of free rent.

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Cheap Apartments for Rent in Waterloo ON

157 Rentals

275 Larch St

275 Larch St, Waterloo, ON N2L 3R2
1 / 37

Videos

Matterport 3D Tours
1 Bed

C$1,625+

2 Beds

C$1,820+

Dishwasher Refrigerator Kitchen In Unit Washer & Dryer Walk-In Closets Balcony
Northfield Gardens

160-170 Wissler Rd, Waterloo, ON N2K 2T6
1 / 47

Videos

Matterport 3D Tours
2 Beds

C$1,630+

Specials

Pets Allowed Dishwasher Refrigerator Kitchen Balcony Range
Waterford Apartments

340-358 Erb St W, Waterloo, ON N2L 1W6
1 / 49

Matterport 3D Tours
1 Bed

C$1,658

2 Beds

C$2,149+

1 Month Free
500 Glenelm Cres

500 Glenelm Cres, Waterloo, ON N2L 5C8
1 / 20
1 Bed

C$1,629+

2 Beds

C$1,919+

3 Beds

C$2,319

1 Month Free
Waterford Apartments

421-429 Barrie Pl, Waterloo, ON N2L 3Z6
1 / 8

Matterport 3D Tours
1 Bed

C$1,674+

1 Month Free
Allen Terrace

68 Weber St S, Waterloo, ON N2J 1Z7
1 / 11

Matterport 3D Tours
2 Beds

C$1,837+

1 Month Free
308 King

308 King St N, Waterloo, ON N2J 0G4
1 / 27

Matterport 3D Tours
2 Beds

C$1,213+

Specials
130 & 140 Lincoln Road

130-140 Lincoln Rd, Waterloo, ON N2J 4N4

1 Bed

C$1,699

2 Beds

C$1,949

3 Beds

C$2,199
144 Lucan Ave, Waterloo

144 Lucan Ave, Waterloo, ON N2J 1W7

1 Bed

C$1,795

2 Beds

C$1,725+
Westwood Drive Apartments

69 Westwood Dr, Kitchener, ON N2M 2K5

1 Bed

C$1,525

2 Beds

C$1,800
Queen Margaret I

11 Margaret Av, Kitchener, ON N2H 6M4

1 Bed

C$1,599
2 Beds, 2 Baths, 770 sq ft

C$2,095

Unit G405 at 275 Larch St

275 Larch St, Waterloo, ON N2L 3R2
2 Beds

C$1,903

437 Hazel St

437 Hazel St, Waterloo, ON N2L 3P7
1 Bed

C$1,497+

Davenport Apartments

605 Davenport Rd, Waterloo, ON N2L 6H8
3 Beds

C$2,400

532 Sunnydale Pl

532 Sunnydale Pl, Waterloo, ON N2L 4T1
2 Beds

C$1,900

199 Carriage Way

199 Carriage Way, Waterloo, ON N2K 1S7
3 Beds

C$1,750

21 Beverley St.

21 Beverley St., Waterloo, ON N2L 2H5
2 Beds, 2 Baths, 807 sq ft

C$1,775

Unit 170-409 at Northfield Gardens

160-170 Wissler Rd, Waterloo, ON N2K 2T6
3 Beds

C$1,750

21 Beverley St.

21 Beverley St., Waterloo, ON N2L 2H5
2 Beds

C$1,800

454 Westhaven St

454 Westhaven St, Waterloo, ON N2T 0A4
2 Beds

C$1,875

275F Larch St

275F Larch St Unit 104, Waterloo, ON N2L 3R6
2 Beds

C$1,800

242 Raspberry Pl

242 Raspberry Pl, Waterloo, ON N2T 2Z4
2 Beds

C$1,925

128 King St N Unit 806

128 King St N Unit 806, Waterloo, ON N2J 0E9
2 Beds

C$1,700

275 Larch St Unit f313

275 Larch St Unit f313, Waterloo, ON N2L 3R2
2 Beds

C$1,795

128 King St N Unit 507

128 King St N Unit 507, Waterloo, ON N2J 0E9
2 Beds

C$1,900

361 Beechdrops Dr

361 Beechdrops Dr, Waterloo, ON N2V 0E8
3 Beds

C$2,495

53 Karen Walk

53 Karen Walk, Waterloo, ON N2L 5X1
3 Beds

C$2,450

543 Glendene Crescent

543 Glendene Crescent, Waterloo, ON N2L 4P3
2 Beds

C$1,699

406 Tamarack Dr

406 Tamarack Dr, Waterloo, ON N2L 4G6
2 Beds

C$1,775

736 Old Albert St Unit 116

736 Old Albert St Unit 116, Waterloo, ON N2L 6R4
1 Bed

C$1,695

108 Garment St Unit 1101

108 Garment St Unit 1101, Kitchener, ON N2G 0E2
2 Beds

C$1,800

870 Guelph St

870 Guelph St, Kitchener, ON N2H 5Z5
2 Beds

C$1,600

324 Maple Ave Unit BASEMENT

324 Maple Ave Unit BASEMENT, Kitchener, ON N2H 4X1
3 Beds

C$1,850

324 Maple Ave Unit MAIN

324 Maple Ave Unit MAIN, Kitchener, ON N2H 4X1
3 Beds

C$2,100

22 St Leger St

22 St Leger St, Kitchener, ON N2H 4L9
3 Beds

C$2,100

22 St Leger St Unit 1

22 St Leger St Unit 1, Kitchener, ON N2H 4L9
2 Beds

C$1,800

54 Wilhelm St

54 Wilhelm St, Kitchener, ON N2H 5S1
2 Beds

C$1,750

31 Dieppe Ave

31 Dieppe Ave, Kitchener, ON N2H 4E9
2 Beds

C$1,800

5 Wellington St S Unit 808

5 Wellington St S Unit 808, Kitchener, ON N2G 0E3
2 Beds

C$1,890

15 Wellington St S Unit 904

15 Wellington St S Unit 904, Kitchener, ON N2G 0E4
2 Beds

C$1,900

15 Wellington St S Unit 318

15 Wellington St S Unit 318, Kitchener, ON N2G 0E4
2 Beds

C$1,900

108 Garment St Unit 402

108 Garment St Unit 402, Kitchener, ON N2G 0E2
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Ontario Waterloo

Waterloo, ON Cheap Apartments for Rent

You can find a terrific Waterloo, ON apartment on a tight budget. Apartments.com has cheap apartments in Waterloo so you can find the perfect affordable rental in your desired location. With currently available cheap apartments to choose from, you’re sure to find the right place at the right price. Many properties will include available rent specials and even rent discounts based on your move-in date or lease length. When you use Apartments.com, finding a cheap apartment in Waterloo is a breeze. Just click on a rental to view the photos and floor plans, get information about living in Waterloo, ON review the property’s pricing and fees, see amenities, and more.

Learn more about living in Waterloo, ON

Waterloo, ON Rental Insights

: The most affordable neighborhoods to rent an apartment in Waterloo, ON are Waterloo North-East, Waterloo North-West, and Waterloo University, where rent prices are below the city average of C$1,881.
: In Waterloo ON, rent is considered cheap when it's under C$1,500 per month; that's 20% less than the city's median rent of C$1,881.
: There are 157 affordable apartments for rent in Waterloo, ON, starting from C$1,414/month.
: There are 372 apartments in Waterloo, ON with rent specials such as discounted deposits, waived fees, or a first month of free rent.

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