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Cheap Apartments for Rent in Waterloo, ON

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  • Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,100 Apartments Under $1,400

  • Apartments Under $600

  • 4 bd $590+
    5 bd $610+
    Base rent
    Verified Listing

    143 Columbia

    143 Columbia St W, Waterloo, ON N2L 3L2
    Apply online

  • Apartments Under $700

  • 5 bd $617+
    Base rent
    Verified Listing

    Linden Village Inc.

    203 Lester St, Waterloo, ON N2L 0B5
    Apply online • Pet friendly
  • New Units Available
    1 bd $617+
    Base rent
    Verified Listing

    Spring Village

    4.0 (4)
    208 Sunview St, Waterloo, ON N2L 3V6
    Apply online
  • 274 Highland Road E 1-2 Beds Apartment for Rent
    Only 1 unit left
    1 bd $653
    Base rent
    Verified Listing

    274 Highland Road E, Kitchener

    274 Highland Road E, Kitchener, ON N2M 3W4
    Apply online • Pet friendly
  • 4 bd $675
    Base rent
    Verified Listing

    298 Spruce Street

    4.5 (1)
    298 Spruce Street, Waterloo, ON N2L 3M5
    Apply online • In unit laundry • Dishwasher
  • Rent specials Only 2 units left
    Studio $695
    Base rent
    Verified Listing

    251 Lester Street, Unit 206 - Student Housing

    3.0 (2)
    251 Lester Street, Suite 206, Waterloo, ON N2L 3W6
    Apply online • In unit laundry • Air conditioner

  • Apartments Under $800

  • Only 2 units left
    Studio $795
    Base rent
    Verified Listing

    253 Lester Street, Suite 302 - Student Housing

    3.0 (1)
    253 Lester Street, Suite 302, Waterloo, ON N2L 3W6
    Apply online • In unit laundry • Air conditioner
  • Only 1 unit left
    Studio $795
    Base rent
    Verified Listing

    251 Lester Street, Suite 201

    251 Lester Street, Suite 201, Waterloo, ON N2L 3W6
    Apply online • In unit laundry • Air conditioner

  • Apartments Under $900

  • 2 bd $875
    3 bd $875
    4 bd $875
    Base rent
    Verified Listing

    1276 Wilby

    1276 Wilby Rd 4, St. Agatha, ON N0B 2L0

  • Apartments Under $1,100

  • 1 bd $1,099
    2 bd $1,399
    Base rent
    Verified Listing

    Royal & Wales Apartments

    48 - 56 College, 64 Weber, 96 Young, Kitchener, ON M5G 1K1
    Apply online • Pet friendly

  • Apartments Under $1,400

  • Rent specials
    1 bd $1,300
    Base rent
    Verified Listing

    48 Weber Street West

    48 Weber Street West, Kitchener, ON N2H 3Z2
    Pet friendly • In unit laundry • Dishwasher
  • Only 3 units left
    1 bd $1,325
    2 bd $1,785
    Base rent
    Verified Listing

    214 Queen Street South

    214 Queen Street South, Kitchener, ON N2G 1W3
    Apply online • Pet friendly
  • Only 1 unit left
    1 bd $1,400
    2 bd $1,650
    Base rent
    Verified Listing

    595 Silverbirch Rd A 6-plex In Waterloo

    3.5 (2)
    595 Silverbirch Road, Waterloo, ON N2L 4R4
    Apply online • In unit laundry • Public Transportation
  • New Units Available
    1 bd $1,449
    2 bd $1,899
    Base rent
    Verified Listing

    Alexandrian Apartments

    53 Water Street North, Kitchener, ON N2H 5A7
    Apply online • Pet friendly
  • 17 units available
    1 bd $1,595
    2 bd $1,895
    Base rent
    Verified Listing

    593 Strasburg Road

    593 Strasburg Road, Kitchener, ON N2E 4J1
    Apply online • Pet friendly
  • Only 1 unit left
    2 bd $2,000
    Base rent
    Verified Listing

    Avalon Urban Lofts

    1430 Highland Rd. W., Kitchener, ON N2N 0C3
    Apply online • Pet friendly
  • 13-9-city

Frequently asked questions

What is the price of a cheap apartment in Waterloo, ON?

The price range of a cheap apartment is between $610 and $1,695.

How many cheap rentals are available in Waterloo, ON on RentCafe?

There are 19 cheap rentals available on RentCafe. Prices and availability in Waterloo, ON were last updated on 25 Aug 2026.

What is the average size of a cheap apartment in Waterloo, ON?

The average Waterloo, ON cheap apartment size is 375 sq. ft.

What are the advantages of renting a cheap apartment in Waterloo, ON?

Cheap apartments in Waterloo, ON are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Waterloo, ON?

A cheap apartment in Waterloo, ON offers little storage space and fewer amenities compared to other apartments.