Nearby rentals
Renter hub
Property management
Filters
Popular filters
Pets
Deals
Lifestyle
Zumper Expert Rating
Lease length
Price category
Specialty housing
Laundry
Amenities
Listing features
Square feet
Apartments for Rent in Downtown Waterloo, Waterloo, ON
The average rent in Downtown Waterloo, Waterloo, as of June 2026, is flat compared to last month but down 2% year-over-year.
Average rent
2%Track prices
Great for
Average rent
2%Track prices
Great for
All rentals
2h ago
1–2 beds
1–2 baths
$2,020–$2,800
Apartment for rent
2h ago
1 bed
1 bath
$1,945–$2,030
Apartment for rent
1d ago
25 Westmount Rd N, Waterloo, ON N2L 5G7
Air conditioning | Garage parking | On-site laundry
1–3 beds
1 bath
$1,675–$2,450
Apartment for rent
1d ago
1–3 beds
1 bath
$1,730–$2,320
Apartment for rent
3d ago
137 University Ave W, Waterloo, ON N2L 3E6
On-site laundry | Balcony | Fitness center
1–3 beds
1 bath
$1,735–$2,425
Apartment for rent
2h ago
17 Barrel Yards Blvd, Waterloo, ON N2L 0E4
In-unit laundry | Air conditioning | Garage parking
1–2 beds
1–2 baths
$1,879–$2,599
Apartment for rent
Find rentals with popular amenities
On-Site Laundry
Dishwasher
Balcony
Air Conditioning
2h ago
20 & 20 Barrel Yards Blvd., Waterloo, ON N2L 0C3
In-unit laundry | Air conditioning | On-site laundry
1–2 beds
1–2 baths
$1,960–$3,199
Apartment for rent
2h ago
29 & 29 Barrel Yards Blvd., Waterloo, ON N2L 0C5
In-unit laundry | Air conditioning | Garage parking
1–2 beds
1–2 baths
$2,099–$2,999
Apartment for rent
Be the first to hear about new listings matching your search.
7h ago
1 bed
1 bath
$1,699
Apartment for rent
8h 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
Find sweet deals in Downtown Waterloo
These rentals are 10%-30% cheaper than the local average price for similar rentals.
8h ago
5 beds
2 baths
$785
Apartment for rent
8h ago
5 beds
2 baths
$785
Apartment for rent
8h ago
1 bed
1 bath
$2,100
Apartment for rent
12h ago
2 beds
1 bath
$1,799
Apartment for rent
15h ago
1–2 beds
1 bath
$1,897–$2,097
Apartment for rent
1d ago
1–2 beds
1–2 baths
$1,829–$2,488
Apartment for rent
Available Sep 4
Find similar neighborhoods
1d ago
1–2 beds
1 bath
$1,449–$1,649
Apartment for rent
1d ago
1–2 beds
1 bath
$2,460–$3,447
Apartment for rent
Available Sep 3
2d ago
20 University Ave E, Waterloo, ON N2J 2V7
Furnished | Air conditioning | On-site laundry
1–2 beds
1 bath
$1,995–$2,300
Apartment for rent
4d ago
5 beds
5 baths
$899
Apartment for rent
4d ago
5 beds
2 baths
$845
Apartment for rent
4d ago
116 University Ave W, Waterloo, ON N2L 3E2
Furnished | On-site laundry | Dishwasher
4–5 beds
2–3 baths
$849
Apartment for rent
4d ago
5 beds
2 baths
$699
Apartment for rent
4d ago
5 beds
2 baths
$799
Apartment for rent
4d ago
1 bed
1 bath
$2,000
Apartment for rent
4d ago
Downtown Waterloo condo for rent in Waterloo
In-unit laundry | Furnished | Air conditioning
1 bed
1 bath
$2,000
Condo for rent
Available Jun 19
2d ago
167 King St N, Waterloo, ON N2J 0B6
Furnished | Air conditioning | Garage parking
1 bed
0 baths
$842
Apartment for rent
Available Sep 1
2d ago
21 Columbia St W, Waterloo, ON N2L 3K4
Furnished | Air conditioning | On-site laundry
1 bed
0 baths
$767
Apartment for rent
2d ago
168 King St N, Waterloo, ON N2J 0B8
Furnished | Garage parking | On-site laundry
1 bed
0 baths
$867
Apartment for rent
Available Sep 1
2d ago
1 Columbia St W, Waterloo, ON N2L 0C8
Furnished | Air conditioning | On-site laundry
1 bed
0 baths
$792
Apartment for rent
3d ago
345 King St N, Waterloo, ON N2J 2Z1
Furnished | Air conditioning | Garage parking
1 bed
0 baths
$767
Apartment for rent
1d ago
Downtown Waterloo condo for rent in Waterloo
In-unit laundry | Furnished | Air conditioning
2 beds
1 bath
$2,350
Condo for rent
Available Sep 1
2d ago
Downtown Waterloo apartment for rent in Waterloo
2 beds
2 baths
$1,975
Apartment for rent
Available Aug 31
2d ago
Downtown Waterloo apartment for rent in Waterloo
5 beds
5 baths
$1,000
Apartment for rent
Available Sep 1
2d ago
Downtown Waterloo apartment for rent in Waterloo
Furnished | On-site laundry | Balcony
2 beds
1 bath
$2,095–$2,100
Apartment for rent
Available Sep 2
2d ago
Downtown Waterloo apartment for rent in Waterloo
5 beds
4 baths
$862
Apartment for rent
Available Sep 1
3d ago
Downtown Waterloo apartment for rent in Waterloo
2 beds
2 baths
$2,295–$2,360
Apartment for rent
Available Aug 30
5d+ ago
Verified
2 beds
1 bath
$1,985
Condo for rent
Available Jul 2
5d+ ago
Verified
In-unit laundry | Air conditioning | Central heat
2 beds
2 baths
$2,100
Condo for rent
Available Sep 1
8h ago
155 Westcourt Place, Waterloo, ON N2L 2R7
In-unit laundry | Furnished | Air conditioning
2 beds
2 baths
$950
Apartment for rent
Available Oct 1
11h ago
Downtown Waterloo townhouse for rent in Waterloo
258A Sunview St #157, Waterloo, ON N2L 0H6
In-unit laundry | Furnished | Air conditioning
2 beds
1 bath
$1,800
House for rent
Available Sep 4
![[Move-in Today] Last room, right across UW - Must apply at www UWCorner com - Photo 1 of 1](https://img.zumpercdn.com/525290932/1280x960?fit=crop&h=208&w=329)
2d ago
153 Westcourt Place, Waterloo, ON N2L 2R7
In-unit laundry | Furnished | Air conditioning
1 bed
1 bath
$800
Apartment for rent
Available Sep 6
2d ago
148 Westcourt Place, Waterloo, ON N2L 2R7
In-unit laundry | Furnished | Air conditioning
1 bed
1 bath
$699
Apartment for rent
Available May 5
2d ago
200 University Avenue West, Waterloo, ON N2L 3G1
In-unit laundry | Furnished | Air conditioning
1 bed
1 bath
$699
Apartment for rent
Available May 8
2d ago
167 Westcourt Place, Waterloo, ON N2L 2R7
In-unit laundry | Furnished | Air conditioning
1 bed
1 bath
$699
Apartment for rent
Available May 8
2d ago
Downtown Waterloo condo for rent in Waterloo
280 Lester St #416, Waterloo, ON N2L 0G2
In-unit laundry | Furnished | Air conditioning
3 beds
2.5 baths
$3,200
Condo for rent
Available Jul 1
2d ago
Downtown Waterloo apartment for rent in Waterloo
1 bed
1 bath
$1,600
Apartment for rent
Available Jul 15
2d ago
113 Westmount Road North, Waterloo, ON N2L 5G5
In-unit laundry | Furnished | Air conditioning
1 bed
1 bath
$500
Apartment for rent
Available Dec 1
3d ago
Downtown Waterloo condo for rent in Waterloo
257 Hemlock St #1, Waterloo, ON N2L 0K2
In-unit laundry | Air conditioning | Dishwasher
1 bed
1 bath
$1,500
Condo for rent
Available Sep 4
4d ago
Downtown Waterloo apartment for rent in Waterloo
2 beds
1 bath
$2,100
Apartment for rent
Available Sep 1
Are you a rental professional?
Browse rentals in Downtown Waterloo by popular searches
We've got Homes and Apartments for Rent in Popular Cities.
202 rentals
158 rentals
133 rentals
92 rentals
205 rentals
1,296 rentals
528 rentals
1,541 rentals
441 rentals
89 rentals
10 rentals
21 rentals
11 rentals
13 rentals
10 rentals
27 rentals
10 rentals
24 rentals
12 rentals
180 rentals
86 rentals
44 rentals
46 rentals
4 rentals
Learn more about renting in Downtown Waterloo, Waterloo, ON
What is the average rent for a 1-bedroom apartment in Downtown Waterloo, Waterloo, ON?
One-bedroom apartments in Downtown Waterloo average around $1,900 per month in 2025. These units remained relatively stable compared to the previous year, averaging about 548 sqft in size.
What is the average rent for a 2-bedroom apartment in Downtown Waterloo, Waterloo, ON?
Two-bedroom apartments in Downtown Waterloo rent for around $2,200 per month in 2025, down 11.9% from the previous year. These units average about 692 sqft in size.
What is the average rent for a 3-bedroom apartment in Downtown Waterloo, Waterloo, ON?
Three-bedroom apartments in Downtown Waterloo average around $2,600 per month in 2025, climbing 54.3% from the previous year. These larger units average about 847 sqft in size.
How much does it cost to rent an apartment in Downtown Waterloo, Waterloo, ON?
Downtown Waterloo's rental market averaged around $1,900 per month across all property types in 2025, down 9.9% from 2024. Rent varies by timing, with September seeing the highest prices about 18% higher than January rates.
What is the average apartment size in Downtown Waterloo, Waterloo, ON?
Apartments in Downtown Waterloo average around 580 sqft across all unit types. Size varies by bedroom count, with studios at 112 sqft and three-bedrooms reaching 847 sqft.
What type of apartment is most common in Downtown Waterloo, Waterloo, ON?
One-bedroom apartments are the most common rental type in Downtown Waterloo, with about 82 listings available monthly. Two-bedroom units follow with approximately 58 listings per month.
Why Downtown Waterloo, Waterloo is a great place to live
Downtown Waterloo stands out as a hub for individuals prioritizing social life and environmental sustainability.
The neighborhood's focus on sustainability is evident in its eco-friendly features, including the use of non-toxic paint, waste recycling and composting programs, and rainwater harvesting systems. Many buildings also incorporate sustainable materials in their construction and are equipped with energy-efficient thermostats and low-flow fixtures. Community solar projects further contribute to the area's green credentials.
Meanwhile, Downtown Waterloo's vibrant social scene is supported by its excellent street infrastructure, high transit score, and frequent transit options. The area's walk score also indicates a high level of pedestrian accessibility, making it easy to get around without a car. Additionally, the neighborhood's emphasis on safety ensures that residents can enjoy the local amenities with peace of mind. For those seeking a dynamic, eco-conscious lifestyle, Downtown Waterloo is an excellent choice.
What type of apartment is least common in Downtown Waterloo, Waterloo, ON?
Three-bedroom apartments have the fewest listings in Downtown Waterloo, with about 7 available monthly. Studios are also limited, averaging approximately 12 listings per month.
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 2026 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 Downtown Waterloo, Waterloo, ON near you?
| 🔑Available apartment rentals | 214 |
|---|---|
| 💰Best rent deal | 113 Westmount Road North |
| ✨Popular amenities | , , |
| 🧦In-unit laundry | |
| 🍽With dishwasher | |
| 🏠With photos |