Updated 5+ Days Ago
Highlights
Rent Special
Pet Friendly
Location
157 University Ave E, Waterloo, ON N2J 2W4, CAN|Lincoln Heights
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Property Overview
159 & 161 University Avenue East earns a strong 9.4 out of 10 from Zumper, with standout marks for price, amenities, location, quality, and trustworthiness. Its 12 photos add a helpful visual preview, reinforcing its appeal as a competitively priced, well-located, and well-presented option for renters.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Images Available
Great for
Pet owners
Floor plans
| 2 Bedroom | 2 bed | 1 bath | 833 sqft | $2,078–$2,123 /mo |
Let's explore this property.
Amenities for 159 & 161 University Avenue East
Apartment Amenities
| Balcony | Fully Renovated |
| Heat | Hot Water |
| Vinyl Plank Floors |
Appliances
| Dishwasher | Dishwasher Available |
| Fridge | Microwave |
| Stainless Steel Appliances | Stove |
Building
| Cats OK | Controlled Access |
| Dogs OK | Intercom System |
| Onsite Laundry | Radiant Heat |
| Video Surveillance |
Grounds
| Storage |
Services
| On-Site Management |
Neighborhood
| Convenience Store | Public Transit |
| Restaurants 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
Application Fee
Per-applicant. Agent application fee.
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.
$95
Questions about this property’s policies and fees?
Building details
Property details
| Year built | 1960 |
|---|---|
| Lease terms | 12 months |
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About 159 & 161 University Avenue East
Welcome to 159 & 161 University Avenue East, a well-maintained residential property offering practical and comfortable suites in Waterloo. The building features thoughtfully designed layouts that provide functional living spaces suited to professionals, couples, and small families. Each suite includes efficient kitchens and bathrooms with durable finishes designed for everyday use. Interiors are bright and welcoming, with layouts that maximize usable space while maintaining a clean and practical design. The property is professionally managed to ensure consistent upkeep and responsive service, contributing to a secure and well-maintained living environment. A controlled entry system supports resident safety and peace of mind. The overall focus of the property is to provide dependable housing with straightforward features that prioritize comfort, functionality, and reliable maintenance. 159 & 161 University Avenue East are located in an established Waterloo neighbourhood offering convenient access to nearby amenities and essential services. Residents benefit from proximity to shopping, restaurants, cafés, and everyday conveniences that support daily living. The area provides a connected and accessible setting within a well-situated community. Its location offers a balanced residential environment while remaining close to surrounding services and local destinations. The neighbourhood complements the property's practical and reliable design, providing residents with accessibility and comfort within a stable and established community atmosphere. Contact us today to schedule your private tour!
Year Built: 1960
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.
9.4
/10
Excellent159 & 161 University Avenue East 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.
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.
159 & 161 University Avenue East 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.
159 & 161 University Avenue East 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.
159 & 161 University Avenue East 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·9A 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.
159 & 161 University Avenue East has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.
159 & 161 University Avenue East is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 159 & 161 University Avenue East compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
Considerations
- Priced higher than average
- 1-bedrooms are $0.0 more than the median rent in this area
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Rent trends in Lincoln Heights
2-bedroom apartments at 159 & 161 University Avenue East cost about 1% more than the average rent price for 2-bedroom apartments in Lincoln Heights.
Median rents as of Aug 15 2026.
Lincoln Heights
Waterloo
| Month | Median Rent |
|---|---|
| August 2024 | $2,300 |
| September 2024 | $2,351 |
| October 2024 | $2,392 |
| November 2024 | $2,307 |
| December 2024 | $2,259 |
| January 2025 | $2,212 |
| February 2025 | $2,298 |
| March 2025 | $2,276 |
| April 2025 | $2,237 |
| May 2025 | $2,261 |
| June 2025 | $2,285 |
| July 2025 | $2,278 |
| August 2025 | $2,172 |
| September 2025 | $2,062 |
| October 2025 | $2,037 |
| November 2025 | $2,024 |
| December 2025 | $2,033 |
| January 2026 | $2,014 |
| February 2026 | $2,019 |
| March 2026 | $2,011 |
| April 2026 | $2,000 |
| May 2026 | $1,998 |
| June 2026 | $1,998 |
| July 2026 | $1,998 |
| August 2026 | $2,012 |
| Month | Median Rent |
|---|---|
| September 2024 | $2,149 |
| October 2024 | $2,149 |
| November 2024 | $2,202 |
| April 2025 | $1,999 |
| September 2025 | $2,040 |
| October 2025 | $2,025 |
| April 2026 | $2,011 |
| May 2026 | $2,012 |
| June 2026 | $2,021 |
| July 2026 | $2,211 |
| August 2026 | $2,085 |
Affordability calculator
Can I afford to live at 157 University Ave E?
Bedrooms
2 bedroomsRent-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
$83,120/yr
With your selected rent-to-income ratio, you'd ideally want to make $83,120 annually to afford this 2-bedrooms monthly rent price of $2,078.
For more information on rent affordability, visit our rent calculator.
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Internet available near 159 & 161 University Avenue East
Getting around Waterloo near 157 University Ave E
Walking
6/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 157 University Ave E, Waterloo
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
6/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
Explore the area around 157 University Ave E
Zehrs
315 Lincoln Rd
Walmart Supercentre
70 Bridgeport Rd E
Sobeys
94 Bridgeport Rd
Wholesale Club
24 Forwell Creek Rd
Paul & Mallory's No Frills
24 Forwell Creek Rd
Shoe 22
133 Weber St N
Walmart Supercentre
70 Bridgeport Rd E
Wholesale Club
24 Forwell Creek Rd
Unique Boutique
26 Young St E
Bart & Maria Tailoring
60 Regina St N
Tim Hortons
65 University Ave E
Games on Tap Board Games Cafe
321 Weber St N
Williams Coffee Pub
33 University Ave E
Tim Hortons
94 Bridgeport Rd E
Booster Juice
247 King St N
Flying Dog
341 Marsland Dr
Williams Coffee Pub
33 University Ave E
Morty's Pub
272 King St N
Pin Up Arcade Bar
247 King St N
Ethel's Lounge
114 King St N
Lourena O'S Bakery
878th St
Circle of Life
105 Lexington Rd
Grainharvest
105 Lexington Rd
Grainharvest Breadhouse Inc
105 Lexington Rd
The Crumby Cookie Dough Company Inc
8 Regina St N
Recreation Ground
Willowdale Park
Playground
Hillside Reserve
Moses Springer Park
Bloom
108 University Ave E
Pizza Hut
133 Weber St N
A&W Canada
315 Lincoln Rd
Popeyes
85 University Ave E
Canadian Pizza & Wings House
315 Lincoln Rd
University Ave. / Conestoga College / Waterloo
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Waterloo Public Square Station
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