1 Day Ago
Highlights
Pet Friendly
Location
181 Lester St, Waterloo, ON N2L 0C2, CAN|Downtown Waterloo
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Property Overview
Rooms for Rent - Waterloo receives an impressive overall Zumper expert rating of 8.8, reflecting its competitive pricing, outstanding amenities, and excellent location. With a perfect price rating, its value stands out, complemented by a strong commitment to environmental sustainability and work-from-home features, including high-speed internet and common areas. Additionally, the property demonstrates trustworthiness through comprehensive descriptions that ensure transparency for potential renters.
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
Eco living
Work-from-home
Floor plans
| Room for Rent | 1 bed | 1 bath | $1,225 /mo | 1 unit available |
Let's explore this property.
Amenities for Rooms for Rent - Waterloo
Apartment Amenities
| Air Conditioning | Central Air Conditioning |
| Electric | Electricity |
| Ensuite Bathroom | Furnished |
| Heat | Heating |
| Hot Water | In-suite Storage |
| Study Room | Trash Included |
| Utilities/Sewer | View |
| Walk-in Closet | Window Coverings |
Appliances
| Dishwasher | Fridge |
| In-Unit Laundry | Microwave |
| Stove | Washer In-Suite |
Tech
| Internet Included | Utilities: Broadband Internet |
| WiFi |
Building
| Cats OK | Controlled Access |
| Dogs OK | Elevator |
| Fitness Center | No Smoking Allowed |
| Onsite Laundry | Recreation Room |
| Residents Lounge | Security Cameras |
| Social Room | Video Surveillance |
| Wheelchair Accessible |
Grounds
| Exercise Room | Garage Parking |
| Storage |
Services
| 24/7 Emergency Service | Complimentary Wi-Fi in Social Area |
| On-Site Management | Security Onsite |
Neighborhood
| Convenience Store | Public Transit |
| Shopping 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.
$1,225
OPTIONAL FEES
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Parking Policy
Covered Lot
Garage Lot
Street
Surface Lot
Covered Lot
Parking Fee
Monthly. 2 covered lots max. Unassigned parking.
Contact Property
Garage Lot
Parking Fee
Monthly. 2 garage lots max. Unassigned parking.
Contact Property
Street
Parking Fee
Monthly. 2 streets max. Unassigned parking.
Contact Property
Surface Lot
Parking Fee
Monthly. 2 surface lots max. Unassigned parking.
Contact Property
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 6 months |
|---|
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About Rooms for Rent - Waterloo
Looking for the perfect spot to thrive in the heart of Waterloo? Imagine a vibrant, stylish space where city views inspire your day and modern comforts make you feel right at home. Located just steps from Downtown Waterloo and nearby universities, Rooms For Rent - Waterloo offers furnished mid-rise living with all the essentials—Internet included, fast Wi-Fi, air conditioning, and private ensuite bathrooms. Whether you’re catching up on studies or unwinding after a busy day, your unit provides a cozy, functional retreat with stunning city views to enjoy from your window. Ideal for students and young professionals alike, this community combines convenience with comfort. Enjoy proximity to top schools, public transit, and shared social spaces that foster connection and relaxation. Study rooms are perfect for group projects, while the social room invites you to meet neighbors and unwind. With a friendly, welcoming atmosphere and all the amenities you need, Rooms For Rent - Waterloo is where your busy, student or work lifestyle can truly flourish.
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, Rooms for Rent - Waterloo is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Rooms for Rent - Waterloo 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.
Rooms for Rent - Waterloo 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.
Rooms for Rent - Waterloo 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.
Rooms for Rent - Waterloo 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 Rooms for Rent - Waterloo 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.
Rooms for Rent - Waterloo 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.
Rooms for Rent - Waterloo is great for:
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Rent trends in Downtown Waterloo
1-bedroom apartments at Rooms for Rent - Waterloo cost about 33% less than the average rent price for 1-bedroom apartments in Downtown Waterloo.
Median rents as of Jan 10 2026.
Downtown Waterloo
Waterloo
| Month | Median Rent |
|---|---|
| February 2024 | $875 |
| March 2024 | $895 |
| April 2024 | $895 |
| May 2024 | $895 |
| 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 | $1,235 |
| Month | Median Rent |
|---|---|
| February 2024 | $875 |
| March 2024 | $895 |
| April 2024 | $895 |
| May 2024 | $895 |
| 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 | $1,427 |
Affordability calculator
Can I afford to live at 181 Lester St?
Bedrooms
1 bedroomRent-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
$49,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $49,000 annually to afford this 1-bedroom monthly rent price of $1,225.
For more information on rent affordability, visit our rent calculator.
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Internet available near Rooms for Rent - Waterloo
Getting around Waterloo near 181 Lester St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 181 Lester St, Waterloo
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
9/10
Very large amount of park space within a few minutes' walk
Nightlife
3/10
Some bars within walking distance
Explore the area around 181 Lester St
India Food & Grocery
275 Larch St
Sobeys
94 Bridgeport Rd
Macro Foods
95 King St S
BulkBarn
66 Bridgeport Rd E
Walmart Supercentre
70 Bridgeport Rd E
Unique Boutique
26 Young St E
Kindred Spirit
34 King St N
Loop Clothing
13 King St N
Stag Shop
7 King St N
Unit 5
2 King St S
Second Cup
150 University Ave W
Second Cup
75 University Ave W
Williams Fresh Cafe
170 University Ave W
Tim Hortons
109 King St N
Booster Juice
200 University Ave W
Molly Bloom's Irish Pub
170 University Ave W
Williams Fresh Cafe
170 University Ave W
Ethel's Lounge
114 King St N
Pin Up Arcade Bar
247 King St N
The Pub on King
77 King St N
Popeye's Supplements
158 University Ave W
St Cinnamon Bakery Cafe
170 University Ave W
Just Love Pie
33 Erb St W
The Crumby Cookie Dough Company Inc
8 Regina St N
Ce Food Experience
100 Regina St S
Waterloo Park
Waterloo Park
Brighton Park
Alexandra Park
Poets' Green
Foodie Fruitie
203 Lester St
Song Shi Fu Lan Zhou La Mian Inc
203 Lester St
Asa Kusa
150 University Ave W
Burger King
150 University Ave W
Grace & Healthy Dumpling
150 University Ave W
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Waterloo Public Square Station
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