Cheap Rentals Under $2000 in Waterloo, ON
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$1,909.99/month
1 Bed · 1 Bath · 676 ft²295 Dale Crescent
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500 Glenelm Crescent
Waterloo, ON · Entire Apartment%2Fstatic_files%2Fbuilding%2F41896%2Fbuilding_41896_67ecc5769e989.png&w=3840&q=75)
504 Glenelm Crescent
Waterloo, ON · Entire Apartment308 Lester St
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$1,722.33/month
1 Bed · 1 Bath · 721 ft²285 Erb St. W
Waterloo, ON · Entire Apartment$2,000/month
2 Bed · 1 Bath · 550 ft²Roper Ave
White Rock, BC · Partial House$1,695/month
2 Bed · 1 Bath · 650 ft²55 Barnesdale Avenue North
Hamilton, ON · Entire ApartmentAdvertisement
$1,800/month
1 Bed · 1 Bath · 800 ft²14 Ripon Road
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$1,969/month
1 Bed · 1 Bath · 655 ft²351 Eramosa Rd.
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$1,866.23/month
2 Bed · 1 Bath · 839 ft²35 Mowat Boulevard
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$1,954.9/month
1 Bed · 1 Bath · 586 ft²36 River Road East
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$1,552.23/month
1 Bed · 1 Bath · 670 ft²50 Young St
Hamilton, ON · Entire Apartment%2Fstatic_files%2Fbuilding%2F40292%2Fbuilding_40292_67baad8ccb40d.png&w=3840&q=75)
$1,899+/month
1 Bed · 1 Bath 2255 Victoria Park Avenue
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1425 Block Line Road
Kitchener, ON · Entire ApartmentAdvertisement
1110 Caven St
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$1,890+/month
1 Bed · 1 Bath 10 Highland Crescent
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220 Ira Needles Blvd
Kitchener, ON · Entire ApartmentSalisbury St
London, ON · Room in House25 Delwood Dr
Scarborough, ON · Entire Apartment$2,000/month
2 Bed · 1 Bath · 700 ft²12th Ave
Burnaby, BC · Partial House$1,650/month
1 Bed · 1 Bath · 730 ft²116B Ave
Pitt Meadows, BC · Entire HouseAdvertisement
20295 Seton Way SE
Calgary, AB · Entire Apartment$1,775/month
Studio · 1 Bath · 512 ft²816 Lansdowne Ave
Toronto, ON · Entire Apartment$1,600/month
1 Bed · 1 Bath · 500 ft²McHardy St
Vancouver, BC · Partial House23 Ashwood Dr
Port Moody, BC · Room in House$1,100/month
Room12585 104A Ave
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2 Units Available
$1,629–$1,985/month
1 Bed – 2 Bed 545 547 & 565 Belmont Avenue W
Kitchener, ON · 545 547 & 565 Belmont Avenue W$1,800/month
2 Bed · 1 Bath · 800 ft²1053 Norman Crescent
Oshawa, ON · Partial HouseAdvertisement
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$1,850+/month
1 Bed · 1 Bath 44 Valley Woods Road
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$1,999/month
2 Bed · 1 Bath · 805 ft²25 Tindale Court
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$1,689/month
1 Bed · 1 Bath · 835 ft²5051 avenue Clanranald
Montreal, QC · Entire Apartment$850/month
RoomSugarbush Rd
Mississauga, ON · Room in House$1,725/month
1 Bed · 1 Bath · 650 ft²9857 Manchester Drive
Burnaby, BC · Entire ApartmentVimy Cres
Vancouver, BC · Partial House$1,550/month
1 Bed · 1 Bath · 650 ft²Spagnol St
New Westminster, BC · Entire HouseAdvertisement
$1,998/month
1 Bed · 1 Bath · 538 ft²65 Thorncliffe Park Dr
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$1,850/month
Studio · 1 Bath · 350 ft²925 Leon Avenue
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7 -11 Manhattan Court
Guelph, ON · Entire Apartment 2 Units Available
$1,549–$1,949/month
Studio – 1 Bed 470 Wellington St. N
Kitchener, ON · 470 Wellington St. N50 Burn Hill Rd
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$1,612+/month
1 Bed · 1 Bath 151 Hughson St S
Hamilton, ON · Entire Apartment$1,764+/month
1 Bed · 1 Bath 1080 Kingston Rd
Toronto, ON · Entire ApartmentAdvertisement
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2 Units Available
$1,638–$1,829/month
Studio – 1 Bed 1150 /1200 Kingston Road
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2367 QUEEN ST E
TORONTO, ON · Entire Apartment2892 St Clair Ave E
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$1,795+/month
2 Bed · 1 Bath 57 North Park Street
Brantford, ON · Entire Apartment$1,500/month
1 Bed · 1 Bath Prestonvale Rd
Clarington, ON · Partial House$2,000/month
2 Bed · 2 Bath · 913 ft²46289 Yale Rd E
Chilliwack, BC · Entire Apartment1 - 48 of 1492 buildings
About Waterloo, ON
Waterloo is a city in Ontario (ON) - the most populous province in Canada that is known for offering a rich mix of urban excitement, natural beauty, and economic opportunity. Every city in Ontario has its own unique culture, history, and attractions to offer visitors and residents alike. For more information, you can refer to our blog to learn more about the cities and neighbourhoods in Ontario.
Renting in Waterloo, ON
Finding cheap rentals under $2000 in Waterloo 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 the rental process in Canada. To help you get started, here is a list of resources with tips on renting in Canada.
Average Rent in Waterloo, ON
What is the average rent in Waterloo for cheap rentals under $2000?
The average rent in Waterloo, ON for cheap rentals under $2000 will vary on a month-to-month basis. For the latest stats on average rent in Waterloo, refer to our monthly rent reports.
Finding cheap rentals under $2000 in Waterloo, ON
Finding cheap rentals under $2000 in Waterloo may be a challenge depending on where you’re looking to rent. To increase your chances of finding an affordable home, familiarize yourself with the different neighbourhoods and the average rent in each area.For more information, you can refer to our blog to learn more about the various neighbourhoods in Canada.
In addition to choosing your location, it’s important to know what rental types are available in Waterloo (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.
Waterloo Rental Types
There are many rental property types you can choose from in Waterloo.
Apartments for rent Waterloo
In Waterloo, apartments are a common form of housing you’ll find. Average rent prices for apartments depend on where you’re looking. Apartments for rent in urban areas are typically more expensive due to higher demand. Apartments generally require much less maintenance than houses, making them ideal for renters who don’t need as much space.
Houses for rent Waterloo
There are plenty of houses for rent in Waterloo for those with a higher budget, need extra space, or who have multiple roommates. Both partial houses and entire houses for rent are common, as well as both new builds and older homes. Some areas, like Toronto and Vancouver, are also known for an abundance of laneway homes and townhomes, making it easy to find a place to rent that suits your needs.
Townhouses for rent Waterloo
Townhouses are another popular form of housing in Waterloo that combine the best qualities of both apartments and whole houses. Typically less expensive than houses, townhouses for rent offer an attractive combination of freedom and space, generally coming with your own private yard and entrance.
Basements for rent Waterloo
For those looking to find affordable rental housing in Waterloo, basements for rent pose an attractive alternative. Since house prices are so expensive, homeowners will sometimes rent out their basements as a way to offset their mortgage payments. This makes it easy for renters to find relatively inexpensive basements for rent in areas throughout the country.
Condos for rent Waterloo
Condos for rent are also a common sight in Waterloo. These types of rental accommodation are perfect for those who like to be in the centre of the action, and don’t need as much space. If you are looking to rent in the city centre though, be prepared for higher-than-average rent prices.
Rooms for rent Waterloo
Sharing a house or apartment is practically essential for those looking for cheap rent in Waterloo. Rooms for rent are a great way to experience wherever you’re living on a budget, and can offer you the opportunity to live in neighbourhoods that would otherwise be unaffordable.
Special Waterloo Rental Types
In addition to choosing your property type, there are also specific rental types you can look into.
Pet friendly rentals in Waterloo
Though not every landlord is keen on allowing pets, there are a good number of pet-friendly rentals in Waterloo for those with furry friends. Both dog-friendly and cat-friendly rental units are available, as well as properties where both are allowed. Try searching for pet-friendly units using search filters on your rental platform to find units that match your needs.
Furnished rentals in Waterloo
If you’re new to town or just haven’t had a chance to pick up furniture of your own yet, not to worry – there are plenty of furnished rentals available in Waterloo. Renters seeking furnished units should search for these units using filters, but do be prepared to pay more in rent. There are pros and cons to renting furnished units compared to unfurnished units, so deciding whether it’s worth it to buy furniture when moving is a good first step.
Short term rentals in Waterloo
Waterloo has plenty of work opportunities and excellent academic institutions, making it a popular place for those renting on a short-term basis. Short-term rentals are exceedingly popular in most cities, particularly during the summer months and at the beginning of school semesters. The added flexibility is an appealing prospect for many renters, and a key factor in deciding whether or not short-term rentals are right for you.
Cheap rentals in Waterloo
If you’re looking for cheap rentals in Waterloo, ON, try finding a roommate or two and explore shared housing; or search for rooms for rent. It’s worth noting that in Waterloo, there are neighbourhoods where rent is considerably cheaper, so exploring these options is a good idea as well.
Waterloo Amenities
When you’re searching for cheap rentals under $2000 in Waterloo, 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.
Living in Waterloo, ON
People from around the world look to Canada as a safe haven, and Waterloo is one of those cities that truly has something for everyone.
If you’re not sure that Waterloo is the right city for you, check out some of these resources comparing the different cities.
Popular Neighbourhoods in Waterloo
Waterloo is made up of smaller neighbourhoods with their own distinct features. For more information, you can check out the blog to learn about the different neighbourhoods in Waterloo.
Popular Cities Near Waterloo
Popular Universities Near Waterloo
Local Landmarks in Waterloo
Canada is known for its impressive natural beauty and diverse culture from coast-to-coast. You can find a full list of cultural landmarks and attractions in Waterloo on Canada.ca.
Cheap Rentals Under $2000 Waterloo
Search for condos, townhouses, rooms, and houses for rent in Waterloo, ON on liv.rent. Finding cheap rentals under $2000 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 Waterloo rental listings are updated in real-time and are current as of Aug 18, 2025.
Looking for Cheap Rentals Under $2000 in Waterloo, ON?
Looking for a specific type of rental in Waterloo, ON? Use our filters below to find your next home.