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.

Cheap Apartments for Rent in Waterloo, ON - 53 Rentals from $500

MUST APPLY AT UWCORNER. COM - Photo 1 of 1

5d+ ago

9.4

Excellent

MUST APPLY AT UWCORNER. COM

113 Westmount Road North, Waterloo, ON N2L 5G5

Affordable | In-unit laundry | Garage parking

1 bed

1 bath

$500

Apartment for rent

Available Dec 1

Top amenities

Air Conditioning

Dry Cleaning Service

Furnished

On-Site Management

Package Service

Residents Lounge

New construction

5d+ ago

8.9

Very good

365 Roselawn Pl

365 Roselawn Pl, Waterloo, ON N2L 5P1

Affordable | In-unit laundry | Assigned parking

3 beds

1 bath

$500

Apartment for rent

Top amenities

Assigned Parking

Central Heat

In-Unit Laundry

On-Site Laundry

New construction

5d+ ago

Cheap Lakeshore house for rent in Waterloo

Affordable | In-unit laundry | Assigned parking

3 beds

1 bath

$500

House for rent

Available Jun 1

Top amenities

Dishwasher

In-Unit Laundry

On-Site Laundry

5d+ ago

Cheap Beechwood house for rent in Waterloo

Affordable | On-site laundry | Hardwood floor

5 beds

2.5 baths

$500

House for rent

Available Jun 1

Top amenities

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

Affordable | On-site laundry | Dishwasher

1 bed

1 bath

$550

Apartment for rent

Available May 1

Top amenities

Air Conditioning

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

Affordable | On-site laundry | Dishwasher

1 bed

1 bath

$550

Apartment for rent

Available May 1

Top amenities

Furnished

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

Affordable | On-site laundry | Dishwasher

1 bed

1 bath

$550

Apartment for rent

Available May 1

Top amenities

On-Site Laundry

21h ago

Cheap Lakeshore house for rent in Waterloo

415 Lakeview Drive, Waterloo, ON N2L 5M6

Affordable | In-unit laundry | Hardwood floor

2 beds

1.5 baths

$570

House for rent

Available Jun 1

Top amenities

Central Heat

Hardwood Floor

In-Unit Laundry

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5d+ ago

Cheap Maple Hills apartment for rent in Waterloo

379 - 379 Erb St W #3-15, Waterloo, ON N2L 1W7

Affordable | On-site laundry

1 bed

1 bath

$575

Apartment for rent

Available Mar 1

Top amenities

On-Site Laundry

251 - 251 Lester Street #1 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

251 - 251 Lester Street #1, Waterloo, ON N2L 3W6

Affordable

5 beds

2 baths

$600

Apartment for rent

Available May 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

Affordable | On-site laundry | Dishwasher

5 beds

2 baths

$675

Apartment for rent

Available May 1

Top amenities

Furnished

On-Site Laundry

4d ago

9.4

Excellent

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200 University Avenue West, Waterloo, ON N2L 3G1

Affordable | In-unit laundry | Garage parking

1 bed

1 bath

$699

Apartment for rent

Available May 8

Top amenities

Air Conditioning

Concierge Service

Fitness Center

Garage Parking

In-Unit Laundry

Swimming Pool

4d ago

9.4

Excellent

MUST APPLY AT UWCORNER COM

148 Westcourt Place, Waterloo, ON N2L 2R7

Affordable | In-unit laundry | Garage parking

1 bed

1 bath

$699

Apartment for rent

Available May 5

Top amenities

Assigned Parking

Business Center

Carpet

In-Unit Laundry

Roof Deck

Storage

4d ago

9.3

Excellent

APPLY AT UWCORNER. COM

167 Westcourt Place, Waterloo, ON N2L 2R7

Affordable | In-unit laundry | Assigned parking

1 bed

1 bath

$699

Apartment for rent

Available May 8

Top amenities

Air Conditioning

Assigned Parking

Fireplace

In-Unit Laundry

Storage

Wheelchair Accessible

271 - 271 Lester Street #4 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

LESTER (271) - 302 - Unit 4

271 - 271 Lester Street #4, Waterloo, ON N2L 3W6

Affordable

5 beds

2 baths

$700

Apartment for rent

Available May 1

253 - 253 Lester Street #2 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

LESTER ST (253) - 404 - 2

253 - 253 Lester Street #2, Waterloo, ON N2L 3W6

Affordable

5 beds

2 baths

$720

Apartment for rent

Available May 1

5d+ ago

Cheap Lincoln Heights house for rent in Waterloo

121 University Ave E, Waterloo, ON N2J 4J1

Affordable | In-unit laundry | Dishwasher

5 beds

2.5 baths

$750

House for rent

Available Jun 1

Top amenities

Dishwasher

In-Unit Laundry

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

Affordable | On-site laundry | Dishwasher

1 bed

1 bath

$750

Apartment for rent

Available May 4

Top amenities

Furnished

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

Affordable | On-site laundry | Dishwasher

5 beds

2 baths

$750

Apartment for rent

Available May 1

Top amenities

Air Conditioning

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

Affordable | On-site laundry | Dishwasher

5 beds

2 baths

$750

Apartment for rent

Available May 1

Top amenities

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

Affordable | On-site laundry | Dishwasher

5 beds

2 baths

$750

Apartment for rent

Available May 1

Top amenities

Air Conditioning

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

Affordable | On-site laundry | Dishwasher

5 beds

2 baths

$750

Apartment for rent

Available May 1

Top amenities

Furnished

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo townhouse for rent in Waterloo

253 Lester St #1, Waterloo, ON N2L 3W6

Affordable | On-site laundry | Dishwasher

5 beds

2 baths

$750

House for rent

Available May 1

Top amenities

Air Conditioning

Central Heat

Controlled Access

Furnished

On-Site Laundry

On-Site Management

5d+ ago

Cheap Downtown Waterloo townhouse for rent in Waterloo

251 Lester St #251, Waterloo, ON N2L 3W6

Affordable | On-site laundry | Dishwasher

5 beds

2 baths

$750

House for rent

Available May 1

Top amenities

Air Conditioning

Dishwasher

Elevator

Furnished

On-Site Laundry

On-Site Management

253 - 253 Lester Street #3 - Photo 1 of 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

253 - 253 Lester Street #3, Waterloo, ON N2L 3W6

Affordable

5 beds

2 baths

$750

Apartment for rent

Available May 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

Affordable | On-site laundry | Dishwasher

5 beds

2 baths

$795

Apartment for rent

Available May 1

Top amenities

Furnished

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo townhouse for rent in Waterloo

Affordable | In-unit laundry | Assigned parking

5 beds

2 baths

$795

House for rent

Available May 1

Top amenities

Air Conditioning

Dishwasher

Elevator

In-Unit Laundry

On-Site Laundry

On-Site Management

[Move-in Today] Last room, right across UW - Must apply at www UWCorner com - Photo 1 of 1

4d ago

9.1

Excellent

[Move-in Today] Last room, right across UW - Must apply at www UWCorner com

153 Westcourt Place, Waterloo, ON N2L 2R7

Affordable | In-unit laundry | Garage parking

1 bed

1 bath

$800

Apartment for rent

Available Sep 6

Top amenities

Door Person

Fireplace

Fitness Center

On-Site Management

Storage

Swimming Pool

Rent special

5d+ ago

9.4

Excellent

345 King Street North

345 King St N, Waterloo, ON N2J 2Z1

Affordable | On-site laundry | Garage parking

1 bed

0 baths

$804

Apartment for rent

Top amenities

Air Conditioning

Fitness Center

Furnished

On-Site Laundry

On-Site Management

Wheelchair Accessible

Rent special

5d+ ago

9.4

Excellent

21 Columbia Street West

21 Columbia St W, Waterloo, ON N2L 3K4

Affordable | On-site laundry | Hardwood floor

1 bed

0 baths

$825

Apartment for rent

Top amenities

Controlled Access

Fitness Center

Hardwood Floor

On-Site Laundry

Wheelchair Accessible

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

86 University Ave W, Waterloo, ON N2L 3C8

Affordable | On-site laundry | Air conditioning

5 beds

4 baths

$862

Apartment for rent

Available Sep 1

Top amenities

Elevator

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

328 Regina St N, Waterloo, ON N2J 0B5

Affordable | Garage parking | On-site management

5 beds

5 baths

$873

Apartment for rent

Top amenities

Elevator

Fitness Center

Furnished

On-Site Laundry

On-Site Management

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

Affordable | On-site management | Furnished

4 beds

4 baths

$899–$1,395

Apartment for rent

Available Sep 3

Top amenities

Fitness Center

Furnished

On-Site Laundry

On-Site Management

5d+ ago

Cheap Downtown Waterloo condo for rent in Waterloo

Affordable | In-unit laundry | Dishwasher

2 beds

1 bath

$900

Condo for rent

Available Jun 1

Top amenities

Air Conditioning

Dishwasher

In-Unit Laundry

On-Site Laundry

2d ago

9.3

Excellent

MUST APPLY AT UWCORNER. COM

155 Westcourt Place, Waterloo, ON N2L 2R7

Affordable | In-unit laundry | Garage parking

2 beds

2 baths

$950

Apartment for rent

Available Oct 1

Top amenities

Business Center

Carpet

Central Heat

Controlled Access

Hardwood Floor

Roof Deck

1d ago

Cheap Downtown Waterloo apartment for rent in Waterloo

295 Lester St, Waterloo, ON N2L 0C1

Affordable | On-site laundry | Storage

5 beds

5 baths

$1,000

Apartment for rent

Available Sep 1

Top amenities

On-Site Laundry

Storage

5d+ ago

8.8

Very good

67 Karen Walk

67 Karen Walk, Waterloo, ON N2L 5X1

Affordable | In-unit laundry | Assigned parking

3 beds

1 bath

$1,500

Apartment for rent

Top amenities

In-Unit Laundry

On-Site Laundry

5d+ ago

Cheap Beechwood house for rent in Waterloo

Affordable | In-unit laundry | Assigned parking

3 beds

1 bath

$1,500

House for rent

Available Jun 1

Top amenities

Air Conditioning

Assigned Parking

In-Unit Laundry

On-Site Laundry

New construction

5d+ ago

Cheap Colonial Acres house for rent in Waterloo

Affordable | In-unit laundry | Assigned parking

2 beds

1 bath

$1,500

House for rent

Available Jun 1

Top amenities

Air Conditioning

Central Heat

Dishwasher

In-Unit Laundry

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo condo for rent in Waterloo

Affordable | In-unit laundry | Dishwasher

2 beds

1 bath

$1,650

Condo for rent

Available Jun 1

Top amenities

In-Unit Laundry

On-Site Laundry

5d+ ago

Cheap Lincoln Village apartment for rent in Waterloo

275 Eiwo Court #209, Waterloo, ON N2K 2M8

Affordable | On-site laundry | Assigned parking

3 beds

1 bath

$1,900

Apartment for rent

Available Jun 1

Top amenities

On-Site Laundry

5d+ ago

Cheap Lakeshore apartment for rent in Waterloo

Lower Level Apartment - 50 Austin Dr.

50 Austin Dr #LOWER, Waterloo, ON N2L 3Y3

Affordable | On-site laundry | Assigned parking

3 beds

1 bath

$1,995

Apartment for rent

Top amenities

Air Conditioning

Carpet

On-Site Laundry

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

38 Marshall St ##On, Waterloo, ON N2J 2T4

Affordable | Furnished | Balcony

4 beds

1 bath

$2,000

Apartment for rent

5d+ ago

Verified

3-38 Marshall St

38 Marshall St #3, Waterloo, ON N2J 2T4

Affordable | Garage parking | Furnished

4 beds

1 bath

$2,000

Apartment for rent

Available Sep 1

5d+ ago

Cheap Uptown Waterloo apartment for rent in Waterloo

Unit B - 193 Mary St.

193 Mary St #B, Waterloo, ON N2J 1S1

Affordable | In-unit laundry | Assigned parking

3 beds

1 bath

$2,300

Apartment for rent

Available Sep 1

Top amenities

In-Unit Laundry

5d+ ago

Cheap North Lakeshore apartment for rent in Waterloo

668 Highpoint - 1 Upper

668 Highpoint Ave, Waterloo, ON N2V None

Affordable

3 beds

1 bath

$2,300

Apartment for rent

Available Feb 1

5d+ ago

Cheap Downtown Waterloo apartment for rent in Waterloo

161 Weber St N, Waterloo, ON N2J 3H2

Affordable | On-site laundry | Business center

4 beds

1.5 baths

$2,395

Apartment for rent

Available May 7

Top amenities

On-Site Laundry

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