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Apartments for Rent in Waterloo, ON

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Parkside Tower - Photo 1 of 1

6h ago

10

Excellent

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Parkside Tower

400 Parkside Dr, Waterloo, ON N2L 6E5

Air conditioning | On-site laundry | Balcony

1 bed

1 bath

$1,555

Apartment for rent

Parkside Living Near Trails, Schools & Campus

Parkside Tower offers bright, newly renovated suites in a walkable Lakeshore setting close to schools, coffee shops, restaurants, parks, and Albert McCormick Community Centre. Sobeys, Shoppers, and both major universities are minutes away, while Laurel Creek Conservation Area’s trails and beach sit a quick bike ride from home, creating a relaxed, well-connected lifestyle.

Vogue Residences - Photo 1 of 1
Rent special

41m ago

8.8

Very good

Vogue Residences

155 King St N, Waterloo, ON N2J 0E8

Furnished | Air conditioning | Garage parking

1–2 beds

1–2 baths

$2,020–$2,900

Apartment for rent

Modern Living Steps from Campus & City Life

Vogue Residences offers stylish rentals in Downtown Waterloo, just a stroll away from Wilfrid Laurier and the University of Waterloo. Brand new suites feature open-concept kitchens, modern fixtures, and ensuite laundry. Residents enjoy a fitness center, lounge/game room, and a rooftop BBQ area. The community is pet-friendly and equipped with secure access, ensuring a welcoming environment. Open house events with exciting incentives make this the perfect place to call home!

200 Shakespeare Drive - Photo 1 of 1

6h ago

8.8

Very good

200 Shakespeare Drive

200 Shakespeare Dr, Waterloo, ON N2L 6C1

On-site laundry | Balcony | Elevator

Studio–2 beds

1–2 baths

$1,520–$1,980

Apartment for rent

Steps to Campus & Across from Waterloo Park

200 Shakespeare Drive offers oversized, air-conditioned suites with open-concept layouts, vinyl plank flooring, and stainless steel appliances. Residents enjoy a rooftop lounge, resident events, onsite laundry, and balconies with panoramic city views—all just steps from Wilfrid Laurier University, across from Waterloo Park, and on major transit routes.

99 Milford Avenue - Photo 1 of 1
Rent special
New construction

11h ago

9

Excellent

99 Milford Avenue

99 Milford Ave, Waterloo, ON N2L 0L2

In-unit laundry | Air conditioning | On-site laundry

2 beds

1 bath

$1,997–$2,037

Apartment for rent

New Modern Suites Near Outdoor Fun & Amenities

Residents of 99 Milford Avenue enjoy stylish, brand-new two-bedroom suites featuring four stainless steel kitchen appliances, ensuite laundry, and spacious balconies for outdoor relaxation. This pet-friendly community offers a playground, ample outdoor parking, and convenient access to shopping and public transit. With central AC and modern finishes, comfort and convenience come together in a vibrant lakeshore setting!

Avenue Apartments - Photo 1 of 1

1d ago

8.8

Very good

Avenue Apartments

137 University Ave W, Waterloo, ON N2L 3E6

On-site laundry | Balcony | Fitness center

1–2 beds

1 bath

$1,750–$2,155

Apartment for rent

Steps to Campus, Transit & Waterloo Park

Avenue Apartments offers a vibrant community perfectly positioned between the University of Waterloo and Wilfrid Laurier. Across from University Shops Plaza and minutes to Waterloo Park, transit and major highways, residents enjoy open-concept suites with balconies and in-suite storage, on-site laundry, a fully equipped fitness centre, game and media lounges, and professional on-site management in a Certified Rental Building.

605 Davenport Road - Photo 1 of 1
Rent special

1d ago

8.8

Very good

605 Davenport Road

605 Davenport Rd, Waterloo, ON N2L 6H8

On-site laundry | Central heat | Elevator

1 bed

1 bath

$1,497

Apartment for rent

Charming Community Living with Modern Amenities

605 Davenport Road offers a welcoming home in Waterloo's Colonial Acres neighborhood. This pet-friendly community features comfortable living spaces with walk-in closets and convenient onsite laundry. Enjoy easy access to shopping, dining, and public transit, all just minutes away. With assigned parking and green spaces for relaxation, this is the perfect place to unwind and embrace a vibrant lifestyle. Discover the convenience and community spirit waiting for you!

Find the right neighborhood for you

Maple Hill Creek - Photo 1 of 1
Rent special

1d ago

9.4

Excellent

Maple Hill Creek

274 Erb St W, Waterloo, ON N2L 1W2

Air conditioning | On-site laundry | Balcony

2 beds

1 bath

$1,845–$1,875

Apartment for rent

Limited-Time Savings in Scenic Beechwood

Nestled in Beechwood, Maple Hill Creek offers spacious apartments with air conditioning, balconies, and modern appliances. Enjoy a peaceful community with onsite laundry, garage parking, and nearby public transit. Take advantage of limited-time offers like a $500 grocery gift card and $100 utility rebate for 12 months. Perfect for any lifestyle, this comfortable retreat is waiting for you!

The Bevel - Photo 1 of 1
Rent special
3D tour

4d ago

8.8

Very good

The Bevel

12 Merchant Ave, Waterloo, ON N2L 0E6

In-unit laundry | Air conditioning | Garage parking

1–2 beds

1–2 baths

$2,045–$2,749

Apartment for rent

Sleek Urban Retreat in Uptown Waterloo

The Bevel offers beautifully crafted suites with modern finishes in Downtown Waterloo. Enjoy stainless steel appliances, in-unit laundry, and quartz countertops. Amenities include a yoga studio, rooftop BBQ area, and complimentary Wi-Fi in social areas. Located in a vibrant area with ample outdoor space and parking options. Pet-friendly and ready for modern living!

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520 Parkside Drive - Photo 1 of 1
Rent special

4d ago

8.8

Very good

520 Parkside Drive

520 Parkside Dr, Waterloo, ON N2L 5E3

On-site laundry | Balcony | Hardwood floor

1–3 beds

1 bath

$1,825–$2,225

Apartment for rent

Convenient Living Steps from Parks & Community Buzz

Located in Lakeshore, 520 Parkside Drive features 1, 2, and 3-bedroom units in a well-maintained walk-up building. With controlled entry and a friendly onsite team, residents enjoy easy access to schools, shopping, and green spaces. The local bus stop is right at the door, connecting to downtown and nearby transit hubs. Explore parks and enjoy a vibrant community with cultural events. Perfect for students, families, and professionals seeking a dynamic lifestyle!

Beacon Tower - Photo 1 of 1
Rent special

5d+ ago

8.8

Very good

Beacon Tower

25 Westmount Rd N, Waterloo, ON N2L 5G7

Air conditioning | Garage parking | On-site laundry

1–2 beds

1 bath

$1,780–$2,195

Apartment for rent

Spacious Suites with Scenic Views in Waterloo

Nestled in Downtown Waterloo, Beacon Tower offers pet-friendly living with spacious 1 and 2-bedroom suites featuring wrap-around balconies and stunning views. Enjoy maintenance-free comfort with in-suite storage, air conditioning, on-site laundry, and secure parking. Accessible to shopping, public transit, and more for easy, convenient living.

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Dishwasher

Air Conditioning

On-Site Laundry

Elevator

Richmond Square - Photo 1 of 1

5d+ ago

8.8

Very good

Richmond Square

300 Regina St N, Waterloo, ON N2J 3B8

On-site laundry | Balcony | Fitness center

1–3 beds

1–2 baths

$1,730–$2,200

Apartment for rent

Dynamic Downtown Living by Campus & Transit

Located in Downtown Waterloo, Richmond Square offers bachelor, 1 and 2 bedroom suites with open-concept layouts, in-suite storage, stainless steel appliances, and private balconies. On-site extras include fully equipped fitness facilities, yoga studio, indoor multi-sport court, spin room, games and multimedia lounges, study spaces, and easy access to LRT, parks, shopping, and nearby universities.

611 Davenport Road - Photo 1 of 1
Rent special
New construction

5d+ ago

9

Excellent

611 Davenport Road

611 Davenport Rd, Waterloo, ON N2L 0L3

In-unit laundry | Air conditioning | On-site laundry

1–2 beds

1–2 baths

$1,817–$2,707

Apartment for rent

Elegant Living with Modern Touches and City Views

611 Davenport Road offers a luxurious rental experience in Waterloo's Colonial Acres. Residents enjoy European-inspired kitchens with high-end stainless steel appliances, generous bedrooms with walk-in closets, and spa-like bathrooms. Each unit features in-suite laundry and private balconies for city views. A state-of-the-art exercise room and social space foster community, while complimentary internet for the first year enhances convenience. Experience refined living at its best!

130 & 140 Lincoln Road - Photo 1 of 1
Rent special

1h ago

8.8

Very good

130 & 140 Lincoln Road

140 Lincoln Towers Apartment, Waterloo, ON N2J 4N4

Air conditioning | Garage parking | On-site laundry

1–2 beds

1 bath

$1,699–$1,999

Apartment for rent

Vibrant Community Living with Pool & Parks Nearby

130 & 140 Lincoln Road offers well-maintained, pet-friendly buildings in Waterloo's Lincoln Heights. Enjoy the convenience of nearby 24-hour shopping, schools, and beautiful Moser Springer Park within walking distance. Residents benefit from amenities like an outdoor swimming pool, exercise room, billiard room, and party room. Excellent transit options connect to downtown Kitchener and beyond, making it easy to enjoy the area's cultural and recreational offerings.

Uptown Apartments - Photo 1 of 1

6h ago

8.5

Very good

Uptown Apartments

154 Erb St E, Waterloo, ON N2J 1M4

On-site laundry | Balcony | Dishwasher

1–2 beds

1 bath

$1,600–$1,750

Apartment for rent

Classic Charm & Modern Comfort in Downtown Waterloo

Residents of Uptown Apartments enjoy the blend of mid-century charm and contemporary living with fully renovated suites featuring private balconies and scenic views. The beautifully landscaped courtyard is perfect for seasonal gatherings. With Bridgeport Plaza just across the street, convenience is at your doorstep, offering a variety of eateries, stores, and public transit options. Experience vibrant living with all that Uptown Waterloo has to offer!

485 Parkside Drive - Photo 1 of 1
Rent special

12h ago

8.8

Very good

485 Parkside Drive

485 Parkside Dr, Waterloo, ON N2L 4X6

On-site laundry | Balcony | Hardwood floor

2 beds

1 bath

$1,975

Apartment for rent

Steps from Amenities in a Park-Like Setting

Residents of 485 Parkside Drive enjoy a beautifully maintained building right across from a community center and library. This pet-friendly community offers convenient access to schools, shopping, and public transit with a bus stop at your doorstep. On-site laundry facilities and assigned parking add to the comfort. Unwind in the serene park-like surroundings while everything you need is just a short stroll away. Experience a vibrant lifestyle with ease!

Union - Photo 1 of 1
Rent special

13h ago

8.6

Very good

Union

80, 84, 86 Union Blvd. - 571 York St., Waterloo, ON N2G 1T9

On-site laundry | Storage

1 bed

1 bath

$1,549

Apartment for rent

Modern Living Steps From Shopping & Transit

Nestled in Uptown West, Union offers modern 1-bed, 1-bath apartments with thoughtful layouts and bright interiors. This pet-friendly community features convenient onsite laundry, assigned parking, and storage options. Just steps away from vibrant shopping and dining, residents enjoy easy access to transit, making city living a breeze. Experience the perfect combination of comfort and convenience!

67 Karen Walk - Photo 1 of 1

14h ago

Beechwood apartment for rent in Waterloo

67 Karen Walk

67 Karen Walk, Waterloo, ON N2L 5X1

In-unit laundry | Air conditioning | On-site laundry

3 beds

1 bath

$1,500

Apartment for rent

365 Roselawn Pl - Photo 1 of 1
New construction

14h ago

Lakeshore apartment for rent in Waterloo

365 Roselawn Pl

365 Roselawn Pl, Waterloo, ON N2L 5P1

In-unit laundry | On-site laundry | Assigned parking

3 beds

1 bath

$500

Apartment for rent

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175 Wissler Rd - Photo 1 of 1
New construction

14h ago

Colonial Acres apartment for rent in Waterloo

175 Wissler Rd

175 Wissler Rd, Waterloo, ON N2K 3R1

In-unit laundry | Air conditioning | On-site laundry

2 beds

1 bath

$1,500

Apartment for rent

330 Phillip St - Photo 1 of 1

14h ago

Downtown Waterloo apartment for rent in Waterloo

330 Phillip St

330 Phillip St, Waterloo, ON N2L 3W9

In-unit laundry | Air conditioning | On-site laundry

2 beds

1 bath

$1,800

Apartment for rent

308 Lester Street - Photo 1 of 1

14h ago

Downtown Waterloo apartment for rent in Waterloo

308 Lester Street

308 Lester St, Waterloo, ON N2L 0H9

In-unit laundry | Air conditioning | On-site laundry

1 bed

1 bath

$1,500

Apartment for rent

250 Albert St - Photo 1 of 1

14h ago

Downtown Waterloo apartment for rent in Waterloo

250 Albert St

250 Albert St, Waterloo, ON N2L 0H5

In-unit laundry | On-site laundry | Balcony

1 bed

1 bath

$1,500

Apartment for rent

275-F Larch St - Photo 1 of 1

14h ago

Downtown Waterloo apartment for rent in Waterloo

275-F Larch St

275F Larch St, Waterloo, ON N2L 0J1

In-unit laundry | Air conditioning | On-site laundry

2 beds

1 bath

$1,650

Apartment for rent

275 Larch St - Photo 1 of 1

14h ago

Downtown Waterloo apartment for rent in Waterloo

275 Larch St

275 Larch St, Waterloo, ON N2L 0J1

In-unit laundry | Air conditioning | On-site laundry

1–2 beds

1–2 baths

$1,500–$2,100

Apartment for rent

318 Erb St - Photo 1 of 1

14h ago

Beechwood apartment for rent in Waterloo

318 Erb St

318 Erb St W, Waterloo, ON N2L 1W3

In-unit laundry | Air conditioning | On-site laundry

3 beds

1 bath

$1,500

Apartment for rent

121 University Ave E - Photo 1 of 1

14h ago

Lincoln Heights apartment for rent in Waterloo

121 University Ave E

121 University Ave E, Waterloo, ON N2J 4J1

In-unit laundry | Air conditioning | On-site laundry

5 beds

2 baths

$750

Apartment for rent

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407 Keats Way - Photo 1 of 1

14h ago

Beechwood apartment for rent in Waterloo

407 Keats Way

407 Keats Way, Waterloo, ON N2L 5S7

Outdoor space

5 beds

2 baths

$500

Apartment for rent

716 Glen Forrest Blvd - Photo 1 of 1

14h ago

Lakeshore apartment for rent in Waterloo

716 Glen Forrest Blvd

716 Glen Forrest Blvd, Waterloo, ON N2L 4K8

Air conditioning | On-site laundry | Assigned parking

2 beds

1 bath

$1,450

Apartment for rent

Coldstream - Photo 1 of 1
Rent special
New construction

14h ago

9

Excellent

Coldstream

580 Coldstream Dr, Waterloo, ON N2V 0J2

In-unit laundry | On-site laundry | Fitness center

1–2 beds

1–2 baths

$1,995–$2,395

Apartment for rent

Nature's Retreat with Modern Comforts Awaits

Residents of Coldstream enjoy serene living with stunning views of the nearby conservation area. Embrace the outdoors with direct access to Laurel Creek's trails, perfect for hiking and biking. The inviting apartments feature quartz countertops, vinyl plank flooring, and stainless steel appliances. On-site amenities include a gym and a shared workspace, designed to enhance daily living. Experience a lifestyle where nature and convenience meet—available September 2025!

67 Karen Walk - Photo 1 of 1

15h ago

Beechwood house for rent in Waterloo

In-unit laundry | Air conditioning | On-site laundry

3 beds

1 bath

$1,500

House for rent

Available May 12

175 Wissler Rd - Photo 1 of 1
New construction

15h ago

Colonial Acres house for rent in Waterloo

In-unit laundry | Air conditioning | On-site laundry

2 beds

1 bath

$1,500

House for rent

Available May 12

365 Roselawn Pl - Photo 1 of 1
New construction

15h ago

Lakeshore house for rent in Waterloo

In-unit laundry | Air conditioning | On-site laundry

3 beds

1 bath

$500

House for rent

Available May 12

330 Phillip St - Photo 1 of 1

15h ago

Downtown Waterloo condo for rent in Waterloo

In-unit laundry | Air conditioning | On-site laundry

2 beds

1 bath

$1,800

Condo for rent

Available May 12

275 Larch St - Photo 1 of 1

15h ago

Downtown Waterloo condo for rent in Waterloo

In-unit laundry | Air conditioning | On-site laundry

1 bed

1 bath

$1,500

Condo for rent

Available May 12

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275F Larch St - Photo 1 of 1

15h ago

Downtown Waterloo condo for rent in Waterloo

In-unit laundry | Air conditioning | On-site laundry

2 beds

1 bath

$1,650

Condo for rent

Available May 12

250 Albert St - Photo 1 of 1

15h ago

Downtown Waterloo condo for rent in Waterloo

250 Albert St, Waterloo, ON N2L 0H5

In-unit laundry | Air conditioning | On-site laundry

1 bed

1 bath

$1,500

Condo for rent

Available May 12

308 Lester St - Photo 1 of 1

15h ago

Downtown Waterloo apartment for rent in Waterloo

In-unit laundry | Air conditioning | On-site laundry

1 bed

1 bath

$1,500

Apartment for rent

Available May 12

275 Larch St - Photo 1 of 1

15h ago

Downtown Waterloo condo for rent in Waterloo

275 Larch St, Waterloo, ON N2L 0J1

In-unit laundry | Air conditioning | On-site laundry

2 beds

2 baths

$2,100

Condo for rent

Available May 12

121 University Ave E - Photo 1 of 1

15h ago

Lincoln Heights house for rent in Waterloo

121 University Ave E, Waterloo, ON N2J 4J1

In-unit laundry | Air conditioning | On-site laundry

5 beds

2.5 baths

$750

House for rent

Available May 12

318 Erb St W - Photo 1 of 1

15h ago

Beechwood apartment for rent in Waterloo

In-unit laundry | Air conditioning | Balcony

3 beds

1 bath

$1,500

Apartment for rent

Available May 12

407 Keats Way - Photo 1 of 1

15h ago

Beechwood house for rent in Waterloo

On-site laundry | Hardwood floor | Outdoor space

5 beds

2.5 baths

$500

House for rent

Available May 12

716 Glen Forrest Blvd - Photo 1 of 1

15h ago

Lakeshore apartment for rent in Waterloo

Air conditioning | Assigned parking | Dishwasher

2 beds

1 bath

$1,450

Apartment for rent

Available May 12

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The Cooperage - Photo 1 of 1
Rent special

1d ago

8.5

Very good

The Cooperage

20 & 20 Barrel Yards Blvd., Waterloo, ON N2L 0C3

In-unit laundry | Air conditioning | On-site laundry

1–2 beds

1–2 baths

$2,199–$3,299

Apartment for rent

Uptown Views & Modern Comfort in Waterloo

The Cooperage offers the charm of Uptown Waterloo with scenic city and park views. Features include a fitness center, yoga studio, and rooftop terrace. Enjoy elegant interiors with luxury vinyl plank flooring, walk-in closets, and quartz countertops. Steps from shopping, dining, and public transit in a pet-friendly, non-smoking community.

The Onyx - Photo 1 of 1
Rent special

1d ago

8.8

Very good

The Onyx

29 & 29 Barrel Yards Blvd., Waterloo, ON N2L 0C5

In-unit laundry | Air conditioning | Garage parking

1–2 beds

1–2 baths

$2,199–$2,989

Apartment for rent

Luxe Urban Living with Unmatched Amenities

The Onyx offers a chic urban lifestyle in Downtown Waterloo with a variety of sleek layouts. Residents enjoy top-notch amenities like a fitness center, sauna, and movie theatre, plus EV charging and in-unit laundry. Pet-friendly and smoke-free community with easy access to public transit and shopping.

Metropolitan Towers - Photo 1 of 1

1d ago

9.4

Excellent

Metropolitan Towers

57 Union St E, Waterloo, ON N2J 1B9

On-site laundry | Balcony | Fitness center

2 beds

2 baths

$1,929

Apartment for rent

Available Jul 8

Uptown Living with Modern Comfort

Metropolitan Towers offers a vibrant lifestyle in Uptown Waterloo. Enjoy modern amenities like a fitness center, EV charging, and stylish suites with vinyl plank floors and private balconies. Conveniently located near public transit, dining, and shopping, with friendly onsite staff and parking options.

Cedar Creek - Photo 1 of 1
Rent special

1d ago

9.1

Excellent

Cedar Creek

736 Old Albert St, Waterloo, ON N2L 6R4

Air conditioning | Garage parking | On-site laundry

1–2 beds

1 bath

$1,545–$1,695

Apartment for rent

Massive Savings & Comfort in Waterloo

Residents of Cedar Creek enjoy spacious apartments with modern finishes and your choice of amenities like central air, balcony, and walk-in closet. Exclusive limited-time offers include a $500 grocery gift card, free parking, and monthly utility rebates. Nestled in Lakeshore's tranquil setting with shopping nearby, Cedar Creek is perfect for anyone seeking balance, convenience, and a sense of community.

The Staves - Photo 1 of 1
Rent special

1d ago

8.8

Very good

The Staves

17 Barrel Yards Blvd, Waterloo, ON N2L 0E4

In-unit laundry | Air conditioning | Garage parking

1–2 beds

1–2 baths

$1,949–$3,250

Apartment for rent

Urban Chic with Scenic Views & Premium Comfort

Nestled in Downtown Waterloo, The Staves offers elevated living with breathtaking city and park views. Experience urban convenience with luxury amenities like a fitness center, rooftop BBQ, and movie theatre. Modern suites feature quartz countertops, in-unit laundry, and ensuite bathrooms. This pet-friendly, smoke-free community promises comfort and style in a coveted neighborhood.

Churchill Townhomes - Photo 1 of 1

2d ago

9.1

Excellent

Churchill Townhomes

90 Churchill St, Waterloo, ON N2L 2X2

In-unit laundry | On-site laundry | Balcony

2–3 beds

1 bath

$2,095–$2,295

Apartment for rent

Available Jul 1

Luxury Living with Convenience & Comfort

Residents of Churchill Townhomes enjoy spacious luxury apartments with in-unit laundry and private balconies. This pet-friendly community offers onsite parking and easy access to public transit and nearby shopping in Waterloo’s Beechwood neighborhood. Explore today for comfort and convenience at its best!

20 University Ave - Photo 1 of 1
New construction

3d ago

9

Excellent

20 University Ave

20 University Ave E, Waterloo, ON N2J 2V7

Furnished | On-site laundry | Elevator

1 bed

1 bath

$2,150

Apartment for rent

Spacious & Flexible

Located in Downtown Waterloo, 20 University Ave redefines modern living with oversized floorplans and refined finishes. Each suite includes a flex space, perfect for adapting to any lifestyle. This pet-friendly community is designed for comfort and convenience, with onsite laundry, a bicycle room, and 24/7 emergency service. Enjoy the perks of nearby public transit and shopping, all while securing up to 4 months free rent and an exclusive signing bonus. Make this your new home today!

The LINQ (258 Lester St) - Photo 1 of 1
3D tour

4d ago

8.9

Very good

The LINQ (258 Lester St)

258 Lester St, Waterloo, ON N2L 0K3

Furnished | Air conditioning | On-site laundry

1 bed

1 bath

$1,870–$2,120

Apartment for rent

Available Oct 15

Modern Convenience Awaits in Downtown Waterloo

Located in Downtown Waterloo, The LINQ combines modern living with unbeatable accessibility. Enjoy spacious, fully-furnished suites featuring walk-in closets and floor-to-ceiling windows that invite natural light. This pet-friendly community provides in-suite laundry and a residents lounge for socializing and unwinding. With public transit, restaurants, and shopping just steps away, experience quality living designed for a seamless and vibrant lifestyle. Secure your spot and lock in savings today!

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Home > Apartments in Waterloo
Updated: May 13, 2026

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Learn more about renting in Waterloo, ON

7

How much is the average rent in Waterloo, ON for 1-bedroom and 2-bedroom apartments?

Waterloo's 2025 rental market shows one-bedroom apartments averaging around $1,800 per month, while two-bedroom units average around $2,200 monthly. These figures represent decreases from the previous year, with one-bedrooms down 8.0% and two-bedrooms falling 7.6%.

Are rents going up or down in Waterloo, ON?

Rent prices in Waterloo have been increasing, with a general rise of about 4% for various apartment sizes. However, studio apartments have seen a decrease in rent.

When is the best time to look for an apartment in Waterloo, ON?

December offers the best rental pricing in Waterloo, with rents approximately 3% lower than peak pricing months. November and December experience reduced competition among renters, while August and July see higher demand relative to available inventory, making winter moves more budget-friendly than late summer searches.

What are the best neighborhoods to rent an apartment in Waterloo, ON?

Maple Hills generates the highest consumer interest at 2.06 times the market average, while Downtown Waterloo represents 63% of the city's rental market with 1.07 times more interest than average. Colonial Acres and Uptown Waterloo offer excellent transit scores and walkability, while University Downs and Lincoln Heights provide strong transit access supporting an active, connected lifestyle.

What areas of Waterloo, ON are best for budget-conscious renters?

Colonial Acres offers the best value at around $1,500 per month, sitting 17% below the city median. Maple Hills provides another budget-friendly option at around $1,600 monthly, which is 11% below median, while still offering access to Waterloo's lifestyle amenities and community features.

Are there pet-friendly apartments in Waterloo, ON?

Yes, about 64.22% of listings in Waterloo are pet-friendly, making it a great option for renters with pets.

Are utilities usually included in rent in Waterloo, ON?

Utilities are rarely included in Waterloo rental apartments, appearing in less than 1% of all listings. Studios and three-bedroom units have slightly higher rates at 0.06% and 0.08% respectively, while one-bedroom and two-bedroom apartments include utilities in only 0.05% and 0.03% of listings.

Are most apartments in Waterloo, ON largely older buildings or new developments?

Waterloo's rental market features modern building characteristics, with elevators found in 58% of available units, reflecting the prevalence of multi-story buildings throughout the area. Air conditioning is available in 61% of apartments, while on-site laundry facilities appear in 62% of listings, suggesting well-equipped residential buildings.

Methodology: How we got this data

Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2024 rental inventory and prices.

Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.

Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.

Looking for apartments in Waterloo, ON near you?

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💰Best rent deal407 Keats Way
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