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The average monthly rent in Waterloo is flat compared to last month but down 4.77% year-over-year.
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6h ago
Verified
1 bed
1 bath
$1,555
Apartment for rent
41m ago
1–2 beds
1–2 baths
$2,020–$2,900
Apartment for rent
6h ago
Studio–2 beds
1–2 baths
$1,520–$1,980
Apartment for rent
11h ago
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
1d ago
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
1d ago
1 bed
1 bath
$1,497
Apartment for rent
1d ago
2 beds
1 bath
$1,845–$1,875
Apartment for rent
4d ago
1–2 beds
1–2 baths
$2,045–$2,749
Apartment for rent
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4d ago
1–3 beds
1 bath
$1,825–$2,225
Apartment for rent
5d+ ago
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
Dishwasher
Air Conditioning
On-Site Laundry
Elevator
5d+ ago
1–3 beds
1–2 baths
$1,730–$2,200
Apartment for rent
5d+ ago
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
1h ago
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
6h ago
1–2 beds
1 bath
$1,600–$1,750
Apartment for rent
12h ago
2 beds
1 bath
$1,975
Apartment for rent
13h ago
1 bed
1 bath
$1,549
Apartment for rent
14h ago
Beechwood apartment for rent in Waterloo
67 Karen Walk, Waterloo, ON N2L 5X1
In-unit laundry | Air conditioning | On-site laundry
3 beds
1 bath
$1,500
Apartment for rent
14h ago
Lakeshore apartment for rent in Waterloo
365 Roselawn Pl, Waterloo, ON N2L 5P1
In-unit laundry | On-site laundry | Assigned parking
3 beds
1 bath
$500
Apartment for rent
14h ago
Colonial Acres apartment for rent in Waterloo
175 Wissler Rd, Waterloo, ON N2K 3R1
In-unit laundry | Air conditioning | On-site laundry
2 beds
1 bath
$1,500
Apartment for rent
14h ago
Downtown Waterloo apartment for rent in Waterloo
330 Phillip St, Waterloo, ON N2L 3W9
In-unit laundry | Air conditioning | On-site laundry
2 beds
1 bath
$1,800
Apartment for rent
14h ago
Downtown Waterloo apartment for rent in Waterloo
308 Lester St, Waterloo, ON N2L 0H9
In-unit laundry | Air conditioning | On-site laundry
1 bed
1 bath
$1,500
Apartment for rent
14h ago
Downtown Waterloo apartment for rent in Waterloo
1 bed
1 bath
$1,500
Apartment for rent
14h ago
Downtown Waterloo apartment for rent in Waterloo
275F Larch St, Waterloo, ON N2L 0J1
In-unit laundry | Air conditioning | On-site laundry
2 beds
1 bath
$1,650
Apartment for rent
14h ago
Downtown Waterloo apartment for rent in Waterloo
1–2 beds
1–2 baths
$1,500–$2,100
Apartment for rent
14h ago
Beechwood apartment for rent in Waterloo
3 beds
1 bath
$1,500
Apartment for rent
14h ago
Lincoln Heights apartment for rent in Waterloo
121 University Ave E, Waterloo, ON N2J 4J1
In-unit laundry | Air conditioning | On-site laundry
5 beds
2 baths
$750
Apartment for rent
14h ago
Beechwood apartment for rent in Waterloo
5 beds
2 baths
$500
Apartment for rent
14h ago
Lakeshore apartment for rent in Waterloo
716 Glen Forrest Blvd, Waterloo, ON N2L 4K8
Air conditioning | On-site laundry | Assigned parking
2 beds
1 bath
$1,450
Apartment for rent
14h ago
1–2 beds
1–2 baths
$1,995–$2,395
Apartment for rent
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
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
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
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
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
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
15h ago
Downtown Waterloo condo for rent in Waterloo
1 bed
1 bath
$1,500
Condo for rent
Available May 12
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
15h ago
Downtown Waterloo condo for rent in Waterloo
2 beds
2 baths
$2,100
Condo for rent
Available May 12
15h ago
Lincoln Heights house for rent in Waterloo
5 beds
2.5 baths
$750
House for rent
Available May 12
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
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
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
1d ago
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
1d ago
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
1d ago
2 beds
2 baths
$1,929
Apartment for rent
Available Jul 8
1d ago
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
1d ago
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
2d ago
2–3 beds
1 bath
$2,095–$2,295
Apartment for rent
Available Jul 1
3d ago
1 bed
1 bath
$2,150
Apartment for rent
4d ago
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
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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%.
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.
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.
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.
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.
Yes, about 64.22% of listings in Waterloo are pet-friendly, making it a great option for renters with pets.
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.
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.
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.
| 🔑Available apartment rentals | 324 |
|---|---|
| 💰Best rent deal | 407 Keats Way |
| ✨Popular amenities | , , |
| 🧦In-unit laundry | |
| 🍽With dishwasher | |
| 🏠With photos |