Apartments for Rent in Downtown Waterloo, Waterloo, ON

Downtown Waterloo, Waterloo apartment availability

Downtown Waterloo offers a very strong selection of rental listings, with an average of 112 rentals available each month in 2024. The majority of rentals are 1-bedroom and 2-bedroom apartments, with a smaller number of studios and 3-bedroom units. Many of these apartments feature desirable amenities, including elevators, on-site laundry, and dishwashers, which are available in approximately 75-80% of rentals. This neighborhood's convenient amenities and diverse range of rentals make it a popular choice for renters in Waterloo.

Downtown Waterloo, Waterloo rental market trends

Downtown Waterloo's rental market experienced a modest 4.9% year-over-year increase in average rent across all property types, reaching $2,098 per month in 2024. The trend varies by bedroom count, with 1-bedrooms averaging $1,854, a 2.2% decrease from the previous year, and 2-bedrooms renting for $2,528, a negligible 0.1% increase. Studios saw an 8.2% decline, averaging $885 per month.

The rental market in Downtown Waterloo is most competitive in September, with rents peaking at 26.5% higher than January, the least expensive month. This significant fluctuation presents an opportunity for budget-conscious renters to find better deals during the off-season. Overall, the area's rental market is characterized by moderate growth, with some variations in pricing depending on the time of year and bedroom count.

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.