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Apartments for Rent in Waterloo, ON under $1200


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  • 1 bd $850
    Base rent
    Verified Listing

    Walnut Village Inc.

    202 Lester St, Waterloo, ON N2L 3W4
    Apply online • Dishwasher • Air conditioner
  • 5 bd $1,022
    Base rent
    Verified Listing

    Linden Village

    203 Lester St, Waterloo, ON N2L 0B5
    Apply online • Air conditioner
  • 4 bd $750+
    5 bd $775
    Base rent
    Verified Listing

    143 Columbia

    143 Columbia St W, Waterloo, ON N2L 3L2
    Apply online • Pet friendly
  • 1 bd $785+
    Base rent
    Verified Listing

    Spring Village Inc.

    208 Sunview St, Waterloo, ON N2L 3V6
    Apply online • Air conditioner
  • Rent specials Only 3 units left
    Studio $750
    Base rent
    261 Lester Street, Suite 301, Waterloo, ON L9C 3P7
    Apply online • Dishwasher • Air conditioner
  • Only 2 units left
    Studio $795
    Base rent
    253 Lester Street, Suite 302, Waterloo, ON N2L 3W6
    Apply online • Air conditioner • High Speed Internet
  • 4 bd $650
    Base rent
    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
    Base rent
    251 Lester Street, Suite 206, Waterloo, ON N2L 3W6
    Apply online • Air conditioner • High Speed Internet
  • Only 1 unit left
    Studio $795
    Base rent
    251 Lester Street, Suite 201, Waterloo, ON N2L 3W6
    Apply online • Air conditioner • High Speed Internet
  • Only 1 unit left
    1 bd $595
    Base rent
    Verified Listing

    14 Columbia Street West

    14 Columbia Street West, Waterloo, ON N2L 3K3
    Apply online • In unit laundry • Dishwasher
  • 30-0-city



Frequently asked questions

When were prices and availability in Waterloo, ON last updated?

Prices and availability in Waterloo, ON were last updated on 10 Nov 2026.

What are the best apartments in Waterloo, ON?

Apartments in Waterloo, ON under $1,200

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $1,200?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 78 apartments for rent in Waterloo, ON on which you’ll spend less than $1,200. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $1,200

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $1,200. The average rental size in Waterloo, ON is 726 Sqft, but the $1,200 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.