Apartments for Rent in Waterloo, ON under $700
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1 bd $695+Base rent10 Cardill Cres., Waterloo, ON N2L 3Y6Apply online • In unit laundry • Washer/Dryer
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Studio $695Base rent3.0 (2)251 Lester Street, Suite 206, Waterloo, ON N2L 3W6Apply online • In unit laundry • Air conditioner
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1 bd $650Base rent14 Columbia Street West, Waterloo, ON N2L 3K3Apply online • Dishwasher • Washer/Dryer
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4 bd $675Base rent4.5 (1)298 Spruce Street, Waterloo, ON N2L 3M5Apply online • In unit laundry • Dishwasher
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1 bd $617+Base rent4.0 (4)208 Sunview St, Waterloo, ON N2L 3V6Apply online
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4 bd $590+5 bd $610+Base rent143 Columbia St W, Waterloo, ON N2L 3L2Apply online
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5 bd $617+Base rent203 Lester St, Waterloo, ON N2L 0B5Apply online • Pet friendly
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1 bd $599Base rent202 Lester St, Waterloo, ON N2L 3W4Apply online • Pet friendly
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More Rentals Near Waterloo, ON
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Only 1 unit left1 bd $653Base rent274 Highland Road E, Kitchener, ON N2M 3W4Apply online • Pet friendly
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5 bd $600Base rent300 COUNTRYSTONE Crescent, Kitchener, ON N2N3S2
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Frequently asked questions
When were prices and availability in Waterloo, ON last updated?
Prices and availability in Waterloo, ON were last updated on 17 Aug 2026.
What are the best apartments in Waterloo, ON?
The best apartments in Waterloo, ON are: Uptown Apartments, Vale Station Apartments, Discover Your Ideal Student Sanctuary, 261 Lester Street, Suite 301 and Student Housing - 392 Albert Street, Suite 103 - Student's ONLY - Waterloo, Ontario.
Renting apartments in Waterloo, ON under $700
Searching for apartments for rent in Waterloo, ON under $700 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Waterloo, ON, where the average rent is $673 per month, there are 63 units available for less than $700. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $700” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Waterloo, ON. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Waterloo, ON going for $590 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.