5+ Days Ago
Location
261 Lester St #5, Waterloo, ON N2L 3W6, CAN|Downtown Waterloo
Tour 261 Lester St #5
Contact
Wolverine Property Management Limited
Nearby rentals
Renter hub
Property management
Apartments for rent HamiltonApartments for rent LondonApartments for rent KitchenerApartments for rent BramptonApartments for rent GuelphApartments for rent WaterlooApartments for rent CambridgeApartments for rent BurlingtonApartments for rent Downtown LondonApartments for rent OakvilleApartments for rent BrantfordApartments for rent Downtown WaterlooApartments for rent DurandApartments for rent BrantApartments for rent West LondonApartments Near Me
Houses for rent KitchenerHouses for rent WaterlooHouses for rent OakvilleHouses for rent Cherry HillHouses for rent HamiltonHouses for rent BramptonHouses for rent MiltonHouses for rent Northwest BramptonHouses for rent River OaksHouses for rent CambridgeHouses for rent LondonHouses for rent DempseyHouses for rent DurandHouses for rent BrantfordHouses for rent Huron ParkHouses for rent near me
Amenities for 261 Lester St #5, Downtown Waterloo
Apartment Amenities
| Air Conditioning | Central Air Conditioning |
| Furnished | Heat and AC Included |
| High Ceilings | In Unit Storage |
| Laminate Floors | Laminate Kitchen Counters |
| Living Room | Modern Bath Fixture |
| No Dogs | No Parking Available |
| Open Floor Plan | Recently Rehabbed |
| Recently Renovated | Separate Tub and Shower |
| Voice Intercom | Water & Sewer Included |
Appliances
| Dishwasher | Electric Stove/Oven |
| In-Unit Laundry | Microwave |
| Refrigerator |
Tech
| Internet Access Included |
Building
| Controlled Access | Electric Furnace |
| Elevator | High Rise |
| No Smoking | Onsite Laundry |
| Pay Laundry Onsite |
Services
| Lawn Care Included | Snow Removal Included |
| Trash Removal Included |
Other
| No Cats | One Year Lease |
| Tenant Pays All Electric |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Advertisement
About 261 Lester St #5
Sweet deal!
This listing is 36% below the median price for studio apartments in Downtown Waterloo.
Student Rental at 261 Lester Street, Waterloo, ON N2L 3W6. Welcome to your ideal student living experience at 261 Lester Street in Waterloo, ON! Perfectly located just minutes from the University of Waterloo and Wilfrid Laurier University, this student rental offers everything you need for a successful academic and social life. Enjoy spacious, fully furnished rooms with high-speed internet and modern amenities. With easy access to campus, public transportation, and local amenities, you'll have the convenience and comfort to focus on your studies and enjoy your student life to the fullest. Make 261 Lester Street your home away from home in Waterloo! 24 Hour Emergency Hotline Biking Distance To School Bright Centrally Located Decent Sized Rooms Dishwasher Included Fridge & Stove Oven Included In The Middle Of It All Located Right Near Downtown Lots Of Windows Near Bus Stop Near Connestoga College (Waterloo Campus) Near University Of Waterloo Near Wilfrid Laurier University (Waterloo Campus) Online Maintenance Portal Online Rent Payment Portal Onsite Coin Laundry Private Student Rooms With Lockable Doors Recycling Secure Resident Portal Shared Common Areas Student Housing Is Rented To Students Only Tenant Pays Hydro Tenants Must Have Valid Tenant Insurance Walking Distance To Amenities Walking Distance To School Winter Snow & Ice Maintenance Included Nestled in the heart of Waterloo's vibrant student district, at 261 Lester Street is more than just a place to live—it's where your university story begins. Wake up to natural light streaming through large windows, sip your morning coffee in a sleek, modern kitchen, and walk to class in minutes. Designed with students in mind, this fully furnished unit blends comfort and convenience with a touch of style. Whether you're hitting the books or unwinding with friends, this space gives you room to thrive, laugh, and make memories that will last long after graduation. Welcome to your new chapter—welcome home. A short walk to the University of Waterloo and Wilfrid Laurier University, and a little longer walk to Conestoga College. With big rooms. Private lockable bedroom with shared large living room, large kitchen, and 2 full shared washrooms, each with a shower. Student housing is for students only. All students must have a Guarantor and tenant insurance.
Address details
| Neighborhood | Downtown Waterloo |
|---|---|
| Post code | N2L 3W6 |
| Type | Apartment for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Downtown Waterloo
studio apartments at 261 Lester St #5 cost about 36% less than the average rent price for studio apartments in Downtown Waterloo.
Median rents as of Oct 11 2025.
Downtown Waterloo
Waterloo
| Month | Median Rent |
|---|---|
| December 2023 | $1,367 |
| January 2024 | $900 |
| February 2024 | $875 |
| March 2024 | $895 |
| April 2024 | $895 |
| May 2024 | $895 |
| June 2024 | $895 |
| July 2024 | $895 |
| August 2024 | $895 |
| September 2024 | $895 |
| October 2024 | $895 |
| November 2024 | $895 |
| December 2024 | $895 |
| January 2025 | $895 |
| February 2025 | $895 |
| March 2025 | $895 |
| April 2025 | $895 |
| May 2025 | $825 |
| June 2025 | $795 |
| July 2025 | $795 |
| August 2025 | $788 |
| September 2025 | $795 |
| October 2025 | $795 |
| Month | Median Rent |
|---|---|
| February 2024 | $875 |
| March 2024 | $895 |
| April 2024 | $895 |
| May 2024 | $895 |
| June 2024 | $895 |
| July 2024 | $895 |
| August 2024 | $895 |
| September 2024 | $870 |
| October 2024 | $882 |
| November 2024 | $895 |
| December 2024 | $895 |
| January 2025 | $895 |
| February 2025 | $895 |
| March 2025 | $875 |
| April 2025 | $795 |
| May 2025 | $795 |
| June 2025 | $795 |
| July 2025 | $768 |
| August 2025 | $1,027 |
| September 2025 | $795 |
| October 2025 | $1,173 |
Affordability calculator
Can I afford to live at 261 Lester St #5?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$30,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $30,000 annually to afford this studio monthly rent price of $750.
For more information on rent affordability, visit our rent calculator.
Advertisement
Internet available near 261 Lester St #5
Getting around Waterloo near 261 Lester St #5
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 261 Lester St #5, Waterloo
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
8/10
Very large amount of park space within a few minutes' walk
Nightlife
3/10
Some bars within walking distance
Compare similar properties nearby
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
Downtown Waterloo • 153 Westcourt Place
1 Bed
$800
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
- on-site laundry
- air conditioning
- furnished
Downtown Waterloo • 153 Westcourt Place
1 Bed
$800
- on-site laundry
- air conditioning
- furnished
Check availability
Apartments for rent in Waterloo141 listings
141 listings
Cheap apartments in Waterloo63 listings
63 listings
Luxury apartments in Waterloo37 listings
37 listings
Houses for rent in Waterloo33 listings
33 listings
Cheap houses in Waterloo18 listings
18 listings
Luxury houses in Waterloo5 listings
5 listings
Rooms for rent in Waterloo1 listing
1 listing
Brampton apartments238 listings
238 listings
Brantford apartments87 listings
87 listings
Burlington apartments94 listings
94 listings
Cambridge apartments96 listings
96 listings
Guelph apartments147 listings
147 listings
Hamilton apartments755 listings
755 listings
Kitchener apartments324 listings
324 listings
London apartments1306 listings
1306 listings
Mississauga apartments553 listings
553 listings
Beechwood apartments9 listings
9 listings
Colonial Acres apartments8 listings
8 listings
Lakeshore apartments38 listings
38 listings
Lincoln Heights apartments7 listings
7 listings
Lincoln Village apartments2 listings
2 listings
Maple Hills apartments18 listings
18 listings
Uptown Waterloo apartments10 listings
10 listings
Uptown West apartments6 listings
6 listings
Westvale apartments1 listing
1 listing
Advertisement