Cheap Rentals Under $500 in Kitchener, ON

Kitchener is a large urban centre in Southwestern Ontario and near the Greater Toronto Area - its population of approximately 450,000 people makes it the fourth-most populous area in Ontario, but you wouldn’t know it from the city’s tight-knit, community-focused feel. Once known as the Town of Berlin, the city’s Germanic routes are still evident in the yearly Kitchener-Waterloo Oktoberfest, which is the largest Bavarian celebration outside of Germany itself. During the rest of the year, Kitchener is a lively and inviting community that’s also a major economic powerhouse in the Waterloo Region.

Kitchener attracts a diverse scene of renters thanks to being home to both Wilfred Laurier University and University of Waterloo campuses, and the area attracts plenty of families as well. Though like most of Ontario, its prices have shot up significantly in recent years. Nonetheless, the community still has plenty of rental deals to be found for all types of units.

Finding cheap rentals under $500 in Kitchener requires research, communication with landlords & property managers, securing references, and signing a lease. All this can add up to a lengthy endeavour if you’re not familiar with how to find an apartment in Kitchener. To help you get started, here is a guide with tips for renting in Kitchener.

Kitchener is an attractive city of Ontario known for its thriving community and diverse housing options. While rental prices in Kitchener are generally more affordable compared to Toronto, they have been steadily increasing over time. As a result, finding cheap rentals in Kitchener, especially apartments for rent under $1000, can be challenging. However, to initiate your search, you can refer to this guide highlighting affordable neighborhoods in the Greater Toronto Area (GTA) that may offer relatively more budget-friendly rental options.

In addition to choosing your location, it’s important to know what rental types are available in Kitchener (e.g. 1 bedroom apartments, 2 bedroom apartments, 3 bedroom apartments, studio apartments) and the average rent for each property type. Refer below to figure out your options - ranging from furnished rentals and unfurnished rentals to long term rentals and short term rentals.

There are many rental property types you can choose from in Kitchener.

In addition to choosing your property type, there are also specific rental types you can look into.

When you’re searching for cheap rentals under $500 in Kitchener, make sure to look at what amenities are offered. For instance, check to see if the rental includes utilities like air conditioning, cable and internet or features such as a dishwasher, parking, balcony and fridge.

Tip: When looking at listings on liv.rent, scroll down to the "Amenities" section to see what utilities and features are included with the rental.

Kitchener, Ontario offers affordable housing, cultural diversity, educational opportunities, and a growing job market. The city boasts natural beauty, with parks and trails for outdoor activities. Kitchener emphasizes community engagement and volunteering, creating a welcoming atmosphere. The city is one of Canada’s most diverse communities, with residents of all background flocking to the city thanks to its proximity to Toronto and reputation as one of the best places to rent in the Greater Toronto Area.

Like any city, Kitchener is made up of smaller neighbourhoods with their own distinct features. Some of the most popular neighbourhoods include Victoria Park, Forest Heights, Laurentian Hills, Huron Park, Chicopee, and Downtown Kitchener. For more info about Kitchener, you can consult this guide on Toronto neighbourhoods.

Kitchener’s THEMUSEUM is a fun, interactive take on a traditional museum, both kid-friendly yet a great place for adults to spend a night as well thanks to a number of yearly special events. The Doon Heritage Village is a great way to get in touch with the city’s history. Residents can experience the history of the Waterloo Region and more through a series of live-history re-enactments of 1914 living brought to you by in-character interpreters.

Search for condos, townhouses, rooms, and houses for rent in Kitchener, ON on liv.rent. Finding cheap rentals under $500 near you has never been easier. Filter your search by price range (great for finding cheap apartments for rent), unfurnished or furnished apartments for rent, pet-friendly rentals, availability, and housing type. Options range from studio apartments and suites for rent to 1 or 2 bedroom apartment and 3+ bedrooms for rent.

Our Kitchener rental listings are updated in real-time and are current as of Jul 12, 2025.

Looking for a specific type of rental in Kitchener, ON? Use our filters below to find your next home.