5+ Days Ago
Highlights
Pet Friendly
Location
137 University Ave W, Waterloo, ON N2L 3E6, CAN|Downtown Waterloo
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Property Overview
Avenue Apartments is a highly rated community with an overall expert score of 8.8 out of 10, highlighted by perfect 10 out of 10 ratings for both price and amenities, indicating exceptional value and a strong offering of features. Its 9 out of 10 location rating points to excellent convenience to daily necessities and points of interest, while a 7 out of 10 trustworthiness score reflects a detailed, transparent property description that helps set clear expectations. Outdoor spaces further enhance its appeal, especially for pet owners.
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.
Great for
Pet owners
Floor plans
| 1 Bedroom, 1 Bathroom | 1 bed | 1 bath | 723 sqft | $1,735 /mo | 1 unit available | ||
| 2 Bedroom, 1 Bathroom | 2 bed | 1 bath | 1,281 sqft | $2,155 /mo | 1 unit available | ||
| 3 Bedroom, 1 Bathroom | 3 bed | 1 bath | 966 sqft | $2,425 /mo | 1 unit available |
Let's explore this property.
Amenities for Avenue Apartments
Apartment Amenities
| Balcony | Heat |
| Hot Water | In-suite Storage |
| Laminate Flooring | Open Concept |
| Social Space: Media Room |
Appliances
| Dishwasher | Fridge |
| Microwave | Stove |
Building
| Cats OK | Dogs OK |
| Elevator | Fitness Center |
| Fully Equipped Fitness Facilities | Monitored Security Cameras |
| Multimedia Lounge | Onsite Laundry |
| Residents Lounge | Social Space: Game Room |
| Wheelchair Accessible |
Grounds
| Assigned Parking | Storage |
Services
| On-Site Management | Onsite Professional Management |
Neighborhood
| Close to Major Highways | Close to Parks |
| Close to Public Transit | University Of Waterloo |
| Wilfrid Laurier University |
Other
| Certified Rental Building |
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
Security Deposit
One-time. Refundable.
Contact Property
OPTIONAL FEES
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Parking Policy
Surface Lot
Surface Lot
Parking Fee
Monthly. 2 surface lots max.
$125
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12 months |
|---|
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About Avenue Apartments
Avenue Apartments is a welcoming rental community ideally located between the University of Waterloo and Wilfrid Laurier University. Groceries, pubs, restaurants and more are all conveniently located right across the street at University Shops Plaza. Take a study break and spend some time in nature at Waterloo Park – it's just a short walk away. You'll find walking trails through wooded areas and Silver Lake, a charming animal farm and more. Board public transit right outside your door and enjoy easy access to the Conestoga Parkway. Being late for class will be a thing of the past here as you're only a short walk from campus. The convenience continues inside your new home. Enjoy our on-site laundry facilities, fully-equipped fitness facilities, and a multi-media lounge where you can hang out with your friends and neighbours. If you want some quiet time, relax on your private balcony. Your pet will love living here, too. Our on-site management team means you never have to worry about maintenance issues and our available on-site parking and visitor parking means you and your friends never have to hunt for a spot. Avenue Apartments is a Certified Rental Building. Avenue Apartments (137 University Ave W) wants to help make this chapter of your story as comfortable, convenient and memorable as it can be. Why settle for less? Located minutes from the University of Waterloo and Wilfred Laurier University, this building is steps from entertainment and shopping. Some popular restaurants near you are Maxwell's, Tim Hortons, William's & Crabby Joes, If you love the outdoors you are minutes to Laurel Trail, Centenial Park, and Veteran's Garden. You have easy access to the Conestoga Parkway and transit routes right outside your door.
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.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, Avenue Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Avenue Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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.
Avenue Apartments 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.
Avenue Apartments 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—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.
Avenue Apartments 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·6A 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 Avenue Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
Avenue Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Avenue Apartments is great for:
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Rent trends in Downtown Waterloo
1-bedroom apartments here are priced 11% lower than 1-bedrooms in Downtown Waterloo.
If you decide to upgrade your space, you can expect 2-bedrooms at Avenue Apartments to be 8% more than the average for similarly sized apartments in Downtown Waterloo.
3-bedroom apartments at Avenue Apartments cost about 16% less than the average rent price for 3-bedroom apartments in Downtown Waterloo.
Median rents as of Jun 6 2026.
Downtown Waterloo
Waterloo
| Month | Median Rent |
|---|---|
| June 2024 | $895 |
| 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 | $773 |
| Month | Median Rent |
|---|---|
| June 2024 | $895 |
| 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 |
Affordability calculator
Can I afford to live at 137 University Ave W?
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
$69,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $69,400 annually to afford this 1-bedroom monthly rent price of $1,735.
For more information on rent affordability, visit our rent calculator.
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Internet available near Avenue Apartments
Getting around Waterloo near 137 University Ave W
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
8/10
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 137 University Ave W, Waterloo
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
Cafes
6/10
Several cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
8/10
Very large amount of park space within a few minutes' walk
Nightlife
3/10
Some bars within walking distance
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