Cheap Apartments for Rent in Waterloo, ON

Apartments Under $100 Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,200
Apartments Under $100
Studio $75

Verified Listing
Student Housing - 392 Albert Street, Suite 403 - Students ONLY - Waterloo, Ontario

392 Albert Street, Suite 403, Waterloo, ON N2L 3V1

Air conditioner • High Speed Internet • Laundry Facilities
Apartments Under $600
New Units Available

4 bd $590+

5 bd $610+

Verified Listing
143 Columbia

143 Columbia St W, Waterloo, ON N2L 3L2

Apply online
Apartments Under $700
New Units Available

5 bd $617+

Verified Listing
Linden Village Inc.

203 Lester St, Waterloo, ON N2L 0B5

Apply online • Pet friendly
New Units Available

1 bd $617+

Verified Listing
Spring Village

4.0 (4)

208 Sunview St, Waterloo, ON N2L 3V6

Apply online
1 bd $653

Verified Listing
274 Highland Road E, Kitchener

274 Highland Road E, Kitchener, ON N2M 3W4

Pet friendly
4 bd $675

Verified Listing
298 Spruce Street

4.5 (1)

298 Spruce Street, Waterloo, ON N2L 3M5

Apply online • Dishwasher • Laundry Facilities
Rent specials Only 1 unit left

Studio $695

Verified Listing
5 Unit Student Condo Minutes From WLU + UW

3.0 (2)

251 Lester Street, Suite 206, Waterloo, ON N2L 3W6

Apply online • Air conditioner • High Speed Internet
Apartments Under $800
Only 2 units left

Studio $725

Verified Listing
FEMALE Student Rooms @ 251 Lester Street, Suite 202, Waterloo

251 Lester Street, Suite 202, Waterloo, ON N2L 3W6

Apply online • Air conditioner • High Speed Internet
Studio $725

Verified Listing
253 Lester Street, Suite 301 - Student Housing

253 Lester Street, Suite 301, Waterloo, ON N2L 3W6

Air conditioner • High Speed Internet • Laundry Facilities
Only 3 units left

Studio $740

Verified Listing
Student Housing - 392 Albert Street, Unit 304 - Student's ONLY - Waterloo, Ontario

392 Albert Street, Suite 304, Waterloo, ON N2L 3V1

Apply online • In unit laundry • High Speed Internet
Rent specials Only 1 unit left

Studio $750

Verified Listing
Student Rooms At 261 Lester St., Suite 401, Waterloo, Ontario

3.5 (1)

261 Lester Street, Suite 401, Waterloo, ON N2L 3W6

Apply online • High Speed Internet • Laundry Facilities
Rent specials Only 2 units left

Studio $750

Verified Listing
Student Rooms At 261 Lester St., Suite 204, Waterloo, Ontario

261 Lester Street, Suite 204, Waterloo, ON N2L 3W6

Apply online • High Speed Internet • Laundry Facilities
Only 2 units left

Studio $795

Verified Listing
253 Lester Street, Suite 302 - Student Housing

3.0 (1)

253 Lester Street, Suite 302, Waterloo, ON N2L 3W6

Apply online • Air conditioner • High Speed Internet
Only 1 unit left

Studio $795

Verified Listing
Student Rooms @ 251 Lester Street, Suite 605, Waterloo

3.5 (1)

251 Lester Street, Suite 605, Waterloo, ON N2L 3W6

Apply online • Air conditioner • High Speed Internet
Only 1 unit left

Studio $795

Verified Listing
251 Lester Street, Suite 201

251 Lester Street, Suite 201, Waterloo, ON N2L 3W6

Apply online • Air conditioner • High Speed Internet
Apartments Under $900
2 bd $875

3 bd $875

4 bd $875

Verified Listing
1276 Wilby

1276 Wilby Rd 4, St. Agatha, ON N0B 2L0
Apartments Under $1,200
1 bd $1,199

Verified Listing
Royal & Wales Apartments

48 - 56 College, 64 Weber, 96 Young, Kitchener, ON M5G 1K1

Apply online • Pet friendly
Rent specials New Units Available

1 bd $1,290

Verified Listing
48 Weber Street West

48 Weber Street West, Kitchener, ON N2H 3Z2

Apply online • Pet friendly • Dishwasher
Only 3 units left

1 bd $1,325

2 bd $1,374

Verified Listing
214 Queen Street South

214 Queen Street South, Kitchener, ON N2G 1W3

Apply online • Pet friendly
1 bd $1,400

2 bd $1,595+

Verified Listing
Quiet & Convenient 2-Bedroom Living In Waterloo’s Lakeshore Village

3.5 (2)

595 Silverbirch Road, Waterloo, ON N2L 4R4

Laundry Facilities • Public Transportation
New Units Available

1 bd $1,489

2 bd $1,899

Verified Listing
Alexandrian Apartments

53 Water Street North, Kitchener, ON N2H 5A7

Apply online • Pet friendly
New Units Available 22 units available

1 bd $1,595

2 bd $1,895

Verified Listing
Bloomingdale Mews 1

593 Strasburg Road, Kitchener, ON N2E 4J1

Apply online • Pet friendly
Only 1 unit left

2 bd $2,000

Verified Listing
Avalon Urban Lofts

1430 Highland Rd. W., Kitchener, ON N2N 0C3

Apply online • Pet friendly
15-8-city

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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 $878.

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

There are 13 cheap rentals available on RentCafe. Prices and availability in Waterloo, ON were last updated on 4 Oct 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.