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New Limited Time Lower Pricing!* *Advertised pricing reflects: 12-month lease term Promotional discounts applied to 11 monthly rent payments 5% discount (already applied, with prompt payment) Last month's rent deposit is not discounted

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Updated 5+ Days Ago

Highlights

  • Rent Special

Location

131 University Ave W, Waterloo, ON N2L 0J9, CAN|Downtown Waterloo
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Contact

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Management

131 University Avenue

Leasing office

(226) 894-1631

Floor plans

1 Bedroom + Den1 bed1 bath638 sqft$1,696 /mo1 unit available

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Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

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Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Lease terms12 months
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About 131 University Avenue

Managed by 131 University Avenue
HomeApartments in WaterlooDowntown Waterloo 131 University Avenue

Your Lifestyle, Our Community - Prime Location for Work & Leisure: Exceptional Amenities. Situated within close proximity to 2 major universities along a major regional corridor, 131 will offer pedestrians a series of pathways connecting them to the site and surrounding area providing a long awaited solution for the student on foot. The north façade’s ‘visual pathway’ will incorporate a lighting feature that will become a beacon along University Avenue that will inevitably act as an urban wayfinder and focal point.


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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.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, 131 University Avenue is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 131 University Avenue has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 131 University Avenue
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.
131 University Avenue 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·8A 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.
With multiple in-demand amenities, 131 University Avenue is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
131 University Avenue 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 131 University Avenue does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.

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Rent trends in Downtown Waterloo

1-bedroom apartments at 131 University Avenue cost about 14% less than the average rent price for 1-bedroom apartments in Downtown Waterloo.

Median rents as of Sep 12 2026.
Downtown Waterloo
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
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
August 2026$795
September 2026$1,116
A table of studio rental data trends in Downtown Waterloo
MonthMedian Rent
September 2024$845
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
August 2026$754
September 2026$750

Affordability calculator

Can I afford to live at 131 University Ave W?

Bedrooms

1 bedroom

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

$67,840/yr

With your selected rent-to-income ratio, you'd ideally want to make $67,840 annually to afford this 1-bedroom monthly rent price of $1,696.
For more information on rent affordability, visit our rent calculator.
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Internet available near 131 University Avenue

Getting around Waterloo near 131 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 131 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
Some 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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