Zumper

OFFER:

New Limited Time Lower Pricing!* *Advertised pricing reflects: 12-month lease term Promotional discounts applied to 11 monthly rent payments Additional 5% discount with automated payment setup Last month's rent deposit is not discounted Limited time offer. Te

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Updated 11 Hours Ago

Highlights

  • Rent Special
  • New Construction
  • Pet Friendly

Location

20 University Ave E, Waterloo, ON N2J 2V7, CAN|Downtown Waterloo
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Contact

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Management

20 University Ave

Leasing office

(226) 894-0463

Property Overview

20 University Ave stands out as a highly rated rental with strong value, excellent amenities, and a convenient location. It is especially appealing for people who work from home, value sustainability, or want pet-friendly features, with practical perks like large windows, high-speed internet, utilities included, nearby transit, walkability, and outdoor space.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.0
Excellent
20 University Ave is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.

Great for

  • Eco living
  • Work-from-home
  • Pet owners

Floor plans

1 Bedroom + Den1 bed2 bath912 sqft$1,659 /mo
1 Bedroom + Den2 bed1 bath630 sqft$1,590 /mo

Let's explore this property.

Amenities for 20 University Ave

Apartment Amenities

Air ConditioningBalcony
Ensuite BathroomFloor-To-Ceiling Windows
FurnishedHeat
High-Efficiency Led LightingSprinkler System
Trash IncludedView
Vinyl Plank FloorsWalk-in Closet
Window Coverings

Appliances

DishwasherDishwasher Available
FridgeIn-Unit Laundry
Stove

Tech

Internet ReadyUtilities: Broadband Internet

Building

Bicycle RoomCats OK
Controlled AccessDogs OK
ElevatorEV Charging
No Smoking AllowedOnsite Laundry
Onsite RetailWheelchair Accessible

Grounds

Rooftop Terrace

Services

24/7 Emergency ServiceDisposal Chutes

Neighborhood

Convenience StorePublic Transit
Universities Nearby
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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Deposit

One-time.

$3,180–$3,318

OPTIONAL FEES

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Parking Policy

Covered Lot

Other

Surface Lot

Covered Lot

Parking Fee

Monthly. 2 covered lots max.

Contact Property

Other

Parking Fee

Monthly. 2 others max.

Contact Property

Surface Lot

Parking Fee

Monthly. 2 surface lots max.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Year built2025
Lease terms12 months
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About 20 University Ave

Managed by 20 University Ave
HomeApartments in WaterlooDowntown Waterloo 20 University Ave

Limited Time Price Drop + a chance at winning a $5,000 dream vacation.* Discover spacious, thoughtfully designed suites at 20 University. Suites feature a dedicated flex space in every unit, perfect for a guest room, home office, study area, or creative retreat. Enjoy contemporary finishes, including stainless steel appliances, granite countertops, and select furnished options for effortless move-in. Residents benefit from premium amenities like a rooftop terrace, social spaces, secure access, and bike storage, all in a vibrant, walkable neighbourhood. Located steps from transit, cafés, shopping, and both the University of Waterloo and Wilfrid Laurier University, 20 University offers the perfect balance of convenience, comfort, and modern style. *Limited time offer. Terms and conditions apply. Contact for details.


Year Built: 2025

Go to property website

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.0
/10
Excellent
20 University Ave is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
How we rated 20 University Ave
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
20 University Ave offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
20 University Ave stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed, furnished rental—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
20 University Ave is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·7A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust 20 University Ave to provide reasonable accomodations and accurate details about its community.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

20 University Ave is great for:

Eco living

  • Public transit available nearby
  • You can get around by foot in this area
  • On-site recycling or composting options

Work-from-home

  • High speed internet is an amenity
  • Utilities included in the rent
  • Large windows for natural lighting
  • Quiet environment with little noise pollution

Pet owners

  • Outdoor spaces are available at this property

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Rent trends in Downtown Waterloo

1-bedroom apartments here are priced 16% lower than 1-bedrooms in Downtown Waterloo.

If you decide to upgrade your space, you can expect 2-bedrooms at 20 University Ave to be 20% less than the average for similarly sized apartments in Downtown Waterloo.

Median rents as of Jul 11 2026.
Downtown Waterloo
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
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
November 2025$795
December 2025$795
January 2026$920
February 2026$795
March 2026$795
April 2026$795
May 2026$786
June 2026$784
July 2026$795
A table of studio rental data trends in Downtown Waterloo
MonthMedian Rent
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
November 2025$1,428
December 2025$1,418
January 2026$1,245
February 2026$795
May 2026$750
June 2026$750
July 2026$750

Affordability calculator

Can I afford to live at 20 University Ave E?

Bedrooms

Rent-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

$66,360/yr

With your selected rent-to-income ratio, you'd ideally want to make $66,360 annually to afford this 1-bedroom monthly rent price of $1,659.
For more information on rent affordability, visit our rent calculator.
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Internet available near 20 University Ave

Getting around Waterloo near 20 University Ave E

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

8/10
Popular public transit options are just a short walk from this location.

Points of interest for 20 University Ave E, Waterloo

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

7/10
Several shops within a few minutes’ walk

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

6/10
Some bars within a few minutes’ walk

Explore the area around 20 University Ave E

India Food & Grocery
275 Larch St
Walmart Supercentre
70 Bridgeport Rd E
Sobeys
94 Bridgeport Rd
BulkBarn
66 Bridgeport Rd E
Paul & Mallory's No Frills
24 Forwell Creek Rd

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