Updated 1 Day 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 /mo | 1 unit available |
Let's explore this property.
Amenities for 159 & 161 University Avenue East
Apartment Amenities
| Heat | Hot Water |
Appliances
| In-Unit Laundry | Stainless Steel Appliances |
Building
| Cats OK | Dogs OK |
| Onsite Laundry | Storage Lockers |
Grounds
| Outdoor Parking | Storage |
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
Searching for apartments for rent in Waterloo with extra storage, parking and a place where your pets are welcome? 159 & 161 University Avenue East offer comfortable rental suites with outdoor parking, secure storage lockers, video surveillance and pet-friendly living in a convenient Waterloo neighbourhood.Inside, suites feature bright, welcoming interiors and functional layouts designed to make practical use of your living space. Efficient kitchens and bathrooms with durable finishes support everyday routines, while thoughtfully arranged living areas give you the flexibility to settle in and make the space feel like home. The building's amenities address several priorities renters often look for. Outdoor parking is available for residents, making day-to-day life easier for those with a vehicle. Need somewhere to keep belongings that don't need to take up space in your apartment? Convenient storage lockers provide additional room outside your suite. The property also features video surveillance, adding another practical feature to the community. And you don't have to leave your four-legged companion behind. Pets are welcome, making 159 & 161 University Avenue East an appealing choice for renters searching for pet-friendly apartments in Waterloo. The University Avenue East location keeps you connected to the city, with shopping, restaurants, cafés, everyday services and local destinations conveniently accessible in the surrounding area. Whether you're searching for Waterloo apartments for rent, University Avenue apartments, pet-friendly Waterloo rentals, or apartments with parking and storage lockers, 159 & 161 University Avenue East combine useful features with a convenient location. Explore available suites at 159 & 161 University Avenue East and book your private tour today.
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 property
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Rent trends in Lincoln Heights
2-bedroom apartments at 159 & 161 University Avenue East cost about the same as the average rent price for 2-bedroom apartments in Lincoln Heights.
Median rents as of Oct 3 2026.
Lincoln Heights
Waterloo
| Month | Median Rent |
|---|---|
| October 2024 | $2,384 |
| 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 | $2,037 |
| September 2026 | $2,101 |
| October 2026 | $2,037 |
| Month | Median Rent |
|---|---|
| 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 | $2,082 |
| September 2026 | $2,078 |
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
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