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Cheap Apartments for Rent in Downtown Waterloo, Waterloo, ON

25 rentals

MUST APPLY AT UWCORNER. COM - Photo 1 of 1

5d+ ago

9.4

Excellent

MUST APPLY AT UWCORNER. COM

113 Westmount Road North, Waterloo, ON N2L 5G5

Affordable | In-unit laundry | Garage parking

1 bed

1 bath

$500

Apartment for rent

Available Dec 1

Top amenities
Air Conditioning
Door Person
Fitness Center
On-Site Laundry
Package Service
Residents Lounge
253 - 253 Lester Street #2 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

LESTER (253) - 401 - Unit 2

253 - 253 Lester Street #2, Waterloo, ON N2L 3W6

Affordable | Dishwasher | Central heat

5 beds

2 baths

$650

Apartment for rent

Available Nov 1

Top amenities
Central Heat
Furnished
APPLY AT UWCORNER. COM - Photo 1 of 1

4d ago

9.3

Excellent

APPLY AT UWCORNER. COM

167 Westcourt Place, Waterloo, ON N2L 2R7

Affordable | In-unit laundry | Assigned parking

1 bed

1 bath

$699

Apartment for rent

Available May 8

Top amenities
Air Conditioning
Assigned Parking
Fireplace
In-Unit Laundry
Storage
Wheelchair Accessible
MUST APPLY AT UWCORNER COM - Photo 1 of 1

4d ago

9.4

Excellent

MUST APPLY AT UWCORNER COM

148 Westcourt Place, Waterloo, ON N2L 2R7

Affordable | In-unit laundry | Garage parking

1 bed

1 bath

$699

Apartment for rent

Available May 5

Top amenities
Carpet
Garage Parking
In-Unit Laundry
On-Site Laundry
On-Site Management
Roof Deck
APPLY AT UWCORNER. COM - Photo 1 of 1

4d ago

9.4

Excellent

APPLY AT UWCORNER. COM

200 University Avenue West, Waterloo, ON N2L 3G1

Affordable | In-unit laundry | Garage parking

1 bed

1 bath

$699

Apartment for rent

Available May 8

Top amenities
Air Conditioning
Controlled Access
Dry Cleaning Service
In-Unit Laundry
On-Site Management
Residents Lounge
251 - 251 Lester Street #1 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

251 - 251 Lester Street #1, Waterloo, ON N2L 3W6

Affordable

5 beds

2 baths

$700

Apartment for rent

Available Feb 2

Nearby rental good for eco-living

Nearby rental good for pet owners

253 - 253 Lester Street #3 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

253 - 253 Lester Street #3, Waterloo, ON N2L 3W6

Affordable | Dishwasher | Air conditioning

5 beds

2 baths

$750

Apartment for rent

Available Oct 10

58 Bridgeport Rd E #1 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo condo for rent in Waterloo

58 Bridgeport Rd E #1, Waterloo, ON N2J 4H5

Affordable

1 bed

1 bath

$750

Condo for rent

Available Jan 1

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[Move-in Today] Last room, right across UW - Must apply at www UWCorner com - Photo 1 of 1

4d ago

9.1

Excellent

[Move-in Today] Last room, right across UW - Must apply at www UWCorner com

153 Westcourt Place, Waterloo, ON N2L 2R7

Affordable | In-unit laundry | Garage parking

1 bed

1 bath

$800

Apartment for rent

Available Sep 6

Top amenities
Business Center
Door Person
Fireplace
High Ceilings
On-Site Laundry
Residents Lounge
271 Lester St #1 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo townhouse for rent in Waterloo

271 Lester St #1, Waterloo, ON N2L 3W6

Affordable | In-unit laundry | Assigned parking

5 beds

2 baths

$825

House for rent

Available Sep 1

Top amenities
Air Conditioning
Dishwasher
Elevator
In-Unit Laundry
On-Site Laundry
On-Site Management
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Find sweet deals near Downtown Waterloo

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$650

Downtown Waterloo

$749

Downtown Waterloo

261 Lester St #1 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo townhouse for rent in Waterloo

261 Lester St #1, Waterloo, ON N2L 3W6

Affordable | On-site laundry | Dishwasher

5 beds

2 baths

$825

House for rent

Available Sep 1

Top amenities
Controlled Access
Dishwasher
Elevator
On-Site Laundry
On-Site Management
253 Lester St #1 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo townhouse for rent in Waterloo

253 Lester St #1, Waterloo, ON N2L 3W6

Affordable | On-site laundry | Dishwasher

5 beds

2 baths

$825

House for rent

Available Sep 1

Top amenities
Air Conditioning
Central Heat
Elevator
Furnished
On-Site Laundry
On-Site Management
251 Lester St #251 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo townhouse for rent in Waterloo

251 Lester St #251, Waterloo, ON N2L 3W6

Affordable | On-site laundry | Dishwasher

5 beds

2 baths

$825

House for rent

Available Sep 1

Top amenities
Air Conditioning
Controlled Access
Dishwasher
Furnished
On-Site Laundry
On-Site Management
271 - 271 Lester Street #4 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

LESTER (271) - 302 - Unit 4

271 - 271 Lester Street #4, Waterloo, ON N2L 3W6

Affordable

5 beds

2 baths

$900

Apartment for rent

Available Dec 18

MUST APPLY AT UWCORNER. COM - Photo 1 of 1

3d ago

9.3

Excellent

MUST APPLY AT UWCORNER. COM

155 Westcourt Place, Waterloo, ON N2L 2R7

Affordable | In-unit laundry | Garage parking

2 beds

2 baths

$950

Apartment for rent

Available Oct 1

Top amenities
Carpet
Central Heat
Hardwood Floor
On-Site Laundry
Roof Deck
Storage
200 Shakespeare Drive - Photo 1 of 1

2d ago

8.5

Very good

200 Shakespeare Drive

200 Shakespeare Dr, Waterloo, ON N2L 6C1

Affordable | On-site laundry | Dishwasher

Studio–2 beds

1–2 baths

$1,460–$2,610

Apartment for rent

Top amenities
Microwave
On-Site Laundry
On-Site Management
Residents Lounge
Mooregate Apartments - Photo 1 of 1

2d ago

8.8

Very good

Mooregate Apartments

50 50, Waterloo, ON N2M None

Affordable | On-site laundry | On-site management

Studio–2 beds

1 bath

$1,465–$2,020

Apartment for rent

Top amenities
Elevator
Fitness Center
On-Site Laundry
On-Site Management
Swimming Pool
258A 258a Sunview St #112 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo townhouse for rent in Waterloo

258A 258a Sunview St #112, Waterloo, ON N2L 0H6

Affordable | In-unit laundry | Assigned parking

2 beds

1 bath

$1,700

House for rent

Available Nov 1

Top amenities
Assigned Parking
Dishwasher
Elevator
Furnished
In-Unit Laundry
On-Site Laundry
Advertisement
Giorgio - Photo 1 of 1
Rent special
New construction

2d ago

9

Excellent

Giorgio

900 King St W, Kitchener, ON N2G 1G5

Affordable | In-unit laundry | Garage parking

Studio–2 beds

1 bath

$1,740–$2,275

Apartment for rent

Top amenities
Controlled Access
Fireplace
Fitness Center
In-Unit Laundry
On-Site Laundry
Residents Lounge
20 Dunbar Rd N - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

20 Dunbar Rd N, Waterloo, ON N2L 2C7

Affordable | Carpet

2 beds

1 bath

$1,745

Apartment for rent

Available Jan 13

The Carmine - Photo 1 of 1

2d ago

8.5

Very good

The Carmine

528 Lancaster St W, Kitchener, ON N2K 0H7

Affordable | Storage | Fitness center

1–2 beds

1–2 baths

$1,750–$2,145

Apartment for rent

Top amenities
Elevator
Storage
Parkside Tower - Photo 1 of 1

2d ago

9.7

Excellent

Our team has verified this company

Verified

Parkside Tower

400 Parkside Dr, Waterloo, ON N2L 6E5

Affordable | On-site laundry | On-site management

2 beds

1 bath

$1,785–$1,985

Apartment for rent

Top amenities
Air Conditioning
On-Site Laundry
On-Site Management
Avenue Apartments - Photo 1 of 1

3d ago

8.5

Very good

Avenue Apartments

137 University Ave W, Waterloo, ON N2L 3E6

Affordable | On-site laundry | Dishwasher

2 beds

1 bath

$1,895–$2,240

Apartment for rent

Top amenities
Elevator
Fitness Center
On-Site Laundry
On-Site Management
Storage
258A 258a Sunview St #1157 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo townhouse for rent in Waterloo

258A 258a Sunview St #1157, Waterloo, ON N2L 0H6

Affordable | In-unit laundry | Assigned parking

3 beds

2 baths

$2,100

House for rent

Available Sep 11

Top amenities
Air Conditioning
Dishwasher
Elevator
Furnished
In-Unit Laundry
On-Site Laundry
30 Hickory St East #207 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

30 Hickory St East #207, Waterloo, ON N2J 3H7

Affordable | On-site laundry | Assigned parking

3 beds

1 bath

$2,550

Apartment for rent

Available Aug 30

Top amenities
Assigned Parking
Furnished
Hardwood Floor
On-Site Laundry
Showing 1 - 25 of 25 results
Home > Apartments in Waterloo > Downtown Waterloo > Downtown Waterloo Cheap Apartments For Rent
Updated: February 2, 2026

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Looking for cheap apartments in Downtown Waterloo, Waterloo, ON near you?

💸Lowest price$500
🔑Available apartment rentals25
💰Best rent deal113 Westmount Road North
✨Popular amenities, ,
🧦In-unit laundry
🏠With photos

For more in depth rent prices, check out our Downtown Waterloo, Waterloo, ON rent data, which covers average and median rents in Downtown Waterloo, Waterloo, ON.

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