The large-scale deployment of low-cost monitoring systems has the potential to revolutionize the field of urban hydrology monitoring, bringing improved urban management, and a better living environment. Even though low-cost sensors emerged a few decades ago, versatile and cheap electronics like Arduino could give stormwater researchers a new opportunity to build their own monitoring systems to support their work. To find out sensors which are ready for low-cost stormwater monitoring systems, for the first time, we review the performance assessments of low-cost sensors for monitoring air humidity, wind speed, solar radiation, rainfall, water level, water flow, soil moisture, water pH, conductivity, turbidity, nitrogen, and phosphorus in a unified metrological framework considering numerous parameters. In general, as these low-cost sensors are not initially designed for scientific monitoring, there is extra work to make them suitable for in situ monitoring, to calibrate them, to validate their performance, and to connect them with open-source hardware for data transmission. We, therefore, call for international cooperation to develop uniform low-cost sensor production, interface, performance, calibration and system design, installation, and data validation guides which will greatly regulate and facilitate the sharing of experience and knowledge.