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The average rent in Waterloo, as of July 2026, is up 1% compared to last month but down 1% year-over-year.
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22h ago
Verified
2 beds
1 bath
$1,645
Apartment for rent
5h ago
1–2 beds
1–2 baths
$2,020–$2,800
Apartment for rent
19h ago
1–3 beds
1 bath
$1,749–$2,299
Apartment for rent
20h ago
99 Milford Ave, Waterloo, ON N2L 0L2
In-unit laundry | Air conditioning | On-site laundry
2 beds
1 bath
$1,950–$2,035
Apartment for rent
20h ago
1–3 beds
1 bath
$1,730–$2,320
Apartment for rent
21h ago
25 Westmount Rd N, Waterloo, ON N2L 5G7
Air conditioning | Garage parking | On-site laundry
1–3 beds
1 bath
$1,675–$2,450
Apartment for rent
21h ago
1–2 beds
1–2 baths
$1,900–$2,500
Apartment for rent
1d ago
611 Davenport Rd, Waterloo, ON N2L 0L3
In-unit laundry | Air conditioning | On-site laundry
1–2 beds
1–2 baths
$1,967–$2,757
Apartment for rent
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2d ago
1–2 beds
1–2 baths
$1,945–$3,099
Apartment for rent
2d ago
Studio–2 beds
1 bath
$1,520–$2,005
Apartment for rent
On-Site Laundry
Elevator
Air Conditioning
Dishwasher
2d ago
137 University Ave W, Waterloo, ON N2L 3E6
On-site laundry | Balcony | Fitness center
1–3 beds
1 bath
$1,735–$2,425
Apartment for rent
22m ago
2 beds
1 bath
$1,649–$1,695
Apartment for rent
10h ago
20 & 20 Barrel Yards Blvd., Waterloo, ON N2L 0C3
In-unit laundry | Air conditioning | On-site laundry
1–2 beds
1–2 baths
$1,960–$3,199
Apartment for rent
12h ago
97 91-97 Milford Avenue, Waterloo, ON N2L 3Z5
Central heat | Storage | On-site management
3 beds
1 bath
$2,597
Apartment for rent
19h ago
5 beds
2 baths
$611
Apartment for rent
19h ago
5 beds
2 baths
$611
Apartment for rent
19h ago
258 Lester St, Waterloo, ON N2L 0K3
Furnished | Air conditioning | On-site laundry
1 bed
1 bath
$1,452–$1,664
Apartment for rent
Available Oct 15
19h ago
1–2 beds
1 bath
$1,849–$1,975
Apartment for rent
19h ago
1–2 beds
1–2 baths
$1,394–$2,592
Apartment for rent
Available Sep 4
22h ago
736 Old Albert St, Waterloo, ON N2L 6R4
Air conditioning | Garage parking | On-site laundry
1 bed
1 bath
$1,655–$1,695
Apartment for rent
22h ago
Studio–2 beds
1–2 baths
$895–$1,995
Apartment for rent
23h ago
1 bed
1 bath
$1,637
Apartment for rent
23h ago
1–2 beds
1 bath
$1,510–$2,679
Apartment for rent
Available Sep 3
1d ago
40 Amos Ave, Waterloo, ON N2L 5G3
In-unit laundry | Air conditioning | On-site laundry
3 beds
1 bath
$2,500
Apartment for rent
2d ago
1–2 beds
1 bath
$1,897–$2,097
Apartment for rent
2d ago
17 Barrel Yards Blvd, Waterloo, ON N2L 0E4
In-unit laundry | Air conditioning | Garage parking
1–2 beds
1–2 baths
$1,915–$3,199
Apartment for rent
2d ago
29 & 29 Barrel Yards Blvd., Waterloo, ON N2L 0C5
In-unit laundry | Air conditioning | Garage parking
1–2 beds
1–2 baths
$2,070–$3,099
Apartment for rent
2d ago
2–3 beds
1 bath
$2,095–$2,295
House for rent
Available Jul 1
2d ago
140 Lincoln Towers Apartment, Waterloo, ON N2J 4N4
Air conditioning | Garage parking | On-site laundry
1–2 beds
1 bath
$1,699–$1,999
Apartment for rent
2d ago
405 Erb St W, Waterloo, ON N2L 1W7
In-unit laundry | Air conditioning | On-site laundry
2 beds
2 baths
$2,500
Apartment for rent
2d ago
1 bed
1 bath
$1,497
Apartment for rent
2d ago
Maple Hills condo for rent in Waterloo
In-unit laundry | Air conditioning | Assigned parking
2 beds
2 baths
$2,700
$2,500
Price drop
Condo for rent
Available Jul 3
2d ago
1 bed
1 bath
$1,599
Apartment for rent
Available May 1
2d ago
1–2 beds
1–2 baths
$1,795–$2,395
Price drop
Apartment for rent
3d ago
5 beds
2 baths
$799
Apartment for rent
3d ago
5 beds
2 baths
$699
Apartment for rent
3d ago
5 beds
2 baths
$845
Apartment for rent
3d ago
5 beds
5 baths
$899
Apartment for rent
3d ago
116 University Ave W, Waterloo, ON N2L 3E2
Furnished | On-site laundry | Dishwasher
4–5 beds
2–3 baths
$849
Apartment for rent
3d ago
1 bed
1 bath
$2,000
Apartment for rent
3d ago
20 University Ave E, Waterloo, ON N2J 2V7
Furnished | Air conditioning | On-site laundry
1–2 beds
1–2 baths
$1,590–$1,659
Apartment for rent
3d ago
3 beds
2–3 baths
$3,500–$3,750
Apartment for rent
5d+ ago
67 Karen Walk, Waterloo, ON N2L 5X1
In-unit laundry | Air conditioning | On-site laundry
2 beds
1 bath
$1,700
Apartment for rent
5d+ ago
2 beds
1 bath
$1,800
Apartment for rent
5d+ ago
Beechwood apartment for rent in Waterloo
In-unit laundry | Air conditioning | Balcony
2 beds
1 bath
$1,800
Apartment for rent
Available Jul 3
5d+ ago
Beechwood house for rent in Waterloo
In-unit laundry | Air conditioning | On-site laundry
2 beds
1 bath
$1,700
House for rent
Available Jul 3
5d+ ago
1 bed
1 bath
$1,699
Apartment for rent
5d+ ago
1 bed
1 bath
$1,475
Apartment for rent
5d+ ago
2 beds
1 bath
$1,799
Apartment for rent
5d+ ago
2 beds
1 bath
$2,055
Apartment for rent
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Waterloo's 2025 rental market shows one-bedroom apartments averaging around $1,800 per month, while two-bedroom units average around $2,200 monthly. These figures represent decreases from the previous year, with one-bedrooms down 8.0% and two-bedrooms falling 7.6%.
December offers the best rental pricing in Waterloo, with rents approximately 3% lower than peak pricing months. November and December experience reduced competition among renters, while August and July see higher demand relative to available inventory, making winter moves more budget-friendly than late summer searches.
Maple Hills generates the highest consumer interest at 2.06 times the market average, while Downtown Waterloo represents 63% of the city's rental market with 1.07 times more interest than average. Colonial Acres and Uptown Waterloo offer excellent transit scores and walkability, while University Downs and Lincoln Heights provide strong transit access supporting an active, connected lifestyle.
Colonial Acres offers the best value at around $1,500 per month, sitting 17% below the city median. Maple Hills provides another budget-friendly option at around $1,600 monthly, which is 11% below median, while still offering access to Waterloo's lifestyle amenities and community features.
Yes, about 64.22% of listings in Waterloo are pet-friendly, making it a great option for renters with pets.
Utilities are rarely included in Waterloo rental apartments, appearing in less than 1% of all listings. Studios and three-bedroom units have slightly higher rates at 0.06% and 0.08% respectively, while one-bedroom and two-bedroom apartments include utilities in only 0.05% and 0.03% of listings.
Waterloo's rental market features modern building characteristics, with elevators found in 58% of available units, reflecting the prevalence of multi-story buildings throughout the area. Air conditioning is available in 61% of apartments, while on-site laundry facilities appear in 62% of listings, suggesting well-equipped residential buildings.
Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2026 rental inventory and prices.
Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.
Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.
| 🔑Available apartment rentals | 304 |
|---|---|
| 💰Best rent deal | 203 Lester St |
| ✨Popular amenities | , , |
| 🧦In-unit laundry | |
| 🍽With dishwasher | |
| 🏠With photos |