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%.

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.

Furnished Apartments for Rent in Waterloo, ON - 75 Rentals

New construction

13h ago

Furnished Downtown Waterloo apartment for rent in Waterloo

34 Hickory St W, Waterloo, ON N2L 0L4

Furnished | In-unit laundry | Dishwasher

2 beds

2 baths

$2,295–$2,360

Apartment for rent

Available Aug 30

Top amenities

Elevator

In-Unit Laundry

On-Site Laundry

Rent special

14h ago

9.4

Excellent

345 King Street North

345 King St N, Waterloo, ON N2J 2Z1

Furnished | Storage | On-site laundry

1 bed

0 baths

$775

Apartment for rent

Top amenities

Air Conditioning

Controlled Access

Fitness Center

Furnished

On-Site Laundry

On-Site Management

258B Sunview Street #2318 - Photo 1 of 1

1d ago

Furnished Downtown Waterloo apartment for rent in Waterloo

258B Sunview Street #2318, Waterloo, ON N2L 0H7

Furnished | In-unit laundry | Dishwasher

2 beds

1 bath

$2,100

Apartment for rent

Available Sep 1

Top amenities

Central Heat

Dishwasher

Furnished

In-Unit Laundry

MUST APPLY AT UWCORNER. COM - Photo 1 of 1

4d ago

9.3

Excellent

MUST APPLY AT UWCORNER. COM

155 Westcourt Place, Waterloo, ON N2L 2R7

Furnished | Storage | Walk-in closets

2 beds

2 baths

$950

Apartment for rent

Available Oct 1

Top amenities

Carpet

Central Heat

Hardwood Floor

On-Site Laundry

Roof Deck

Storage

5d+ ago

9.3

Excellent

APPLY AT UWCORNER. COM

167 Westcourt Place, Waterloo, ON N2L 2R7

Furnished | Storage | Walk-in closets

1 bed

1 bath

$699

Apartment for rent

Available May 8

Top amenities

Air Conditioning

Assigned Parking

Fireplace

In-Unit Laundry

Storage

Swimming Pool

5d+ ago

9.4

Excellent

APPLY AT UWCORNER. COM

200 University Avenue West, Waterloo, ON N2L 3G1

Furnished | Storage | Walk-in closets

1 bed

1 bath

$699

Apartment for rent

Available May 8

Top amenities

Air Conditioning

Door Person

In-Unit Laundry

On-Site Laundry

Package Service

Roof Deck

5d+ ago

9.4

Excellent

MUST APPLY AT UWCORNER COM

148 Westcourt Place, Waterloo, ON N2L 2R7

Furnished | Storage | In-unit laundry

1 bed

1 bath

$699

Apartment for rent

Available May 5

Top amenities

Assigned Parking

Carpet

Controlled Access

In-Unit Laundry

On-Site Laundry

Swimming Pool

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

5d+ 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

Furnished | Storage | In-unit laundry

1 bed

1 bath

$800

Apartment for rent

Available Sep 6

Top amenities

Door Person

Fireplace

Garage Parking

On-Site Laundry

On-Site Management

Swimming Pool

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Rent special

5d+ ago

9.4

Excellent

21 Columbia Street West

21 Columbia St W, Waterloo, ON N2L 3K4

Furnished | On-site laundry | Fitness center

1 bed

0 baths

$775

Price drop

Apartment for rent

Top amenities

Controlled Access

Elevator

Fitness Center

Hardwood Floor

On-Site Laundry

Rent special

5d+ ago

9.1

Excellent

167 King Street North

167 King St N, Waterloo, ON N2J 0B6

Furnished | On-site laundry | Garage parking

1 bed

0 baths

$850

Apartment for rent

Available Sep 1

Top amenities

Controlled Access

Elevator

Furnished

Garage Parking

On-Site Laundry

On-Site Management

Rent special

5d+ ago

9.2

Excellent

1 Columbia Street West

1 Columbia St W, Waterloo, ON N2L 0C8

Furnished | On-site laundry | Dishwasher

1 bed

0 baths

$800

Price drop

Apartment for rent

Top amenities

Dishwasher

Fitness Center

On-Site Laundry

Rent special

5d+ ago

9.4

Excellent

168 King Street North

168 King St N, Waterloo, ON N2J 0B8

Furnished | On-site laundry | Dishwasher

1 bed

0 baths

$875

Price drop

Apartment for rent

Available Sep 1

Top amenities

Carpet

Controlled Access

Garage Parking

On-Site Laundry

On-Site Management

Wheelchair Accessible

5d+ ago

9.4

Excellent

MUST APPLY AT UWCORNER. COM

113 Westmount Road North, Waterloo, ON N2L 5G5

Furnished | Storage | Walk-in closets

1 bed

1 bath

$500

Apartment for rent

Available Dec 1

Top amenities

Air Conditioning

Business Center

Concierge Service

Fitness Center

Furnished

On-Site Management

258 B Sunview St Unit - 2128 #2128 - Photo 1 of 1

5d+ ago

Furnished Downtown Waterloo townhouse for rent in Waterloo

258 B Sunview St Unit - 2128 #2128, Waterloo, ON N2L 0H7

Furnished | In-unit laundry | Air conditioning

2 beds

1 bath

$1,900

House for rent

Available Jun 8

Top amenities

Furnished

In-Unit Laundry

On-Site Laundry

258C 258c Sunview St #359 - Photo 1 of 1

5d+ ago

Furnished Downtown Waterloo townhouse for rent in Waterloo

SUNVIEW ST (258 C) - 359 - 359

258C 258c Sunview St #359, Waterloo, ON N2L 0H8

Furnished | In-unit laundry | Dishwasher

2 beds

1 bath

$1,970

House for rent

Available Sep 4

Top amenities

Air Conditioning

Cable

In-Unit Laundry

5d+ ago

Furnished Downtown Waterloo townhouse for rent in Waterloo

258A Sunview St #1101, Waterloo, ON N2L 0H6

Furnished | In-unit laundry | Dishwasher

2 beds

1 bath

$1,900

House for rent

Available Sep 4

Top amenities

Air Conditioning

Central Heat

Dishwasher

Furnished

Hardwood Floor

In-Unit Laundry

258A 258a Sunview St #161 - Photo 1 of 1

5d+ ago

Furnished Downtown Waterloo townhouse for rent in Waterloo

SUNVIEW ST (258 A) - 161 - 161

258A 258a Sunview St #161, Waterloo, ON N2L 0H6

Furnished | In-unit laundry | Dishwasher

2 beds

1 bath

$1,775

House for rent

Available Sep 4

Top amenities

Furnished

In-Unit Laundry

5d+ ago

Furnished Downtown Waterloo townhouse for rent in Waterloo

SUNVIEW ST (269) - 707 - 1

101 Sunview St #1, Waterloo, ON N2L None

Furnished | In-unit laundry | Dishwasher

2 beds

1 bath

$2,100

House for rent

Available Sep 4

Top amenities

Controlled Access

Dishwasher

In-Unit Laundry

5d+ ago

Furnished Downtown Waterloo townhouse for rent in Waterloo

269 Sunview St #203, Waterloo, ON N2L 3V8

Furnished | In-unit laundry | Dishwasher

2 beds

1 bath

$1,900

House for rent

Available Sep 4

Top amenities

Furnished

In-Unit Laundry

5d+ ago

Furnished Downtown Waterloo townhouse for rent in Waterloo

HEMLOCK ST (257) - 523 - 1

257 Hemlock St #1, Waterloo, ON N2L 0K2

Furnished | In-unit laundry | Dishwasher

Studio

1 bath

$1,550

House for rent

Available Jul 1

Top amenities

Air Conditioning

Furnished

In-Unit Laundry

Microwave

258A 258a Sunview St #1312 - Photo 1 of 1

5d+ ago

Furnished Downtown Waterloo townhouse for rent in Waterloo

SUNVIEW ST (258 A) - 1312 - 1312

258A 258a Sunview St #1312, Waterloo, ON N2L 0H6

Furnished | In-unit laundry | Dishwasher

2 beds

1 bath

$2,100

$1,950

Price drop

House for rent

Available Sep 4

Top amenities

Air Conditioning

In-Unit Laundry

Microwave

5d+ ago

Furnished Lakeshore house for rent in Waterloo

415 Lakeview Drive, Waterloo, ON N2L 5M6

Furnished | In-unit laundry | Air conditioning

2 beds

1.5 baths

$570

House for rent

Available Jun 1

Top amenities

Central Heat

Hardwood Floor

In-Unit Laundry

50 Hickory Street West #203 - Photo 1 of 1

5d+ ago

Verified

50 Hickory Street West #203, Waterloo, ON N2L 3J1

Furnished | Storage | In-unit laundry

2 beds

1 bath

$1,985

Condo for rent

Available Jul 2

Top amenities

Air Conditioning

Fitness Center

Garage Parking

Hardwood Floor

In-Unit Laundry

Storage

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

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

Furnished | Balcony

4 beds

1 bath

$2,000

Apartment for rent

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

3-38 Marshall St

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

Furnished | Garage parking | Balcony

4 beds

1 bath

$2,000

Apartment for rent

Available Sep 1

3D tour

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

Furnished | Walk-in closets | In-unit laundry

1 bed

1 bath

$1,800

Apartment for rent

Available Jul 1

Top amenities

Central Heat

Dishwasher

Fitness Center

Furnished

Hardwood Floor

In-Unit Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

30 Hickory St East #207, Waterloo, ON N2J 3H7

Furnished | On-site laundry | Assigned parking

3 beds

1 bath

$2,400

Apartment for rent

Available Aug 30

Top amenities

Assigned Parking

Furnished

Hardwood Floor

On-Site Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

Furnished | On-site laundry | Dishwasher

1 bed

1 bath

$750

Apartment for rent

Available May 4

Top amenities

Furnished

On-Site Laundry

5d+ ago

Furnished Lakeshore apartment for rent in Waterloo

5 Student condo in the middle of Waterloo's universities

392 Albert St #2, Waterloo, ON N2L 3V1

Furnished | In-unit laundry | Dishwasher

Studio

5 baths

$795

Apartment for rent

Available May 1

Top amenities

Air Conditioning

Central Heat

Dishwasher

In-Unit Laundry

Microwave

On-Site Laundry

5d+ ago

Furnished Lakeshore apartment for rent in Waterloo

5 Student condo in the middle of Waterloo's universities

392 Albert St #3, Waterloo, ON N2L 3V1

Furnished | In-unit laundry | Dishwasher

Studio

2 baths

$740

Apartment for rent

Available May 1

Top amenities

Air Conditioning

Central Heat

Dishwasher

In-Unit Laundry

On-Site Laundry

5d+ ago

Furnished Lakeshore apartment for rent in Waterloo

5 Student condo in the middle of Waterloo's universities

392 Albert St #1, Waterloo, ON N2L 3V1

Furnished | In-unit laundry | Dishwasher

Studio

5 baths

$795

Apartment for rent

Available Sep 1

Top amenities

Air Conditioning

Dishwasher

Elevator

Furnished

In-Unit Laundry

On-Site Laundry

5d+ ago

Furnished Lakeshore apartment for rent in Waterloo

5 Student condo in the middle of Waterloo's universities

392 Albert St #5, Waterloo, ON N2L 3V1

Furnished | In-unit laundry | Dishwasher

Studio

5 baths

$845

Apartment for rent

Available May 1

Top amenities

Dishwasher

Elevator

Furnished

In-Unit Laundry

Microwave

On-Site Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

251 Lester St #2, Waterloo, ON N2L 3W6

Furnished | On-site laundry | Air conditioning

Studio

2 baths

$795

Apartment for rent

Available Aug 31

Top amenities

Microwave

On-Site Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

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

Furnished | On-site laundry | Dishwasher

Studio

2 baths

$795

Apartment for rent

Available Apr 30

Top amenities

Dishwasher

On-Site Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

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

Furnished | In-unit laundry | Dishwasher

Studio

2 baths

$725

Apartment for rent

Available Apr 30

Top amenities

Air Conditioning

Dishwasher

Elevator

Furnished

In-Unit Laundry

On-Site Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

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

Furnished | In-unit laundry | Dishwasher

Studio

2 baths

$750

Apartment for rent

Available Sep 1

Top amenities

Air Conditioning

Dishwasher

Elevator

Furnished

In-Unit Laundry

On-Site Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

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

Furnished | In-unit laundry | Dishwasher

Studio

2 baths

$750

Apartment for rent

Available Sep 1

Top amenities

Central Heat

Dishwasher

Elevator

In-Unit Laundry

On-Site Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

261 Lester St #4, Waterloo, ON N2L 3W6

Furnished | In-unit laundry | Dishwasher

Studio

2 baths

$750

Apartment for rent

Available Sep 1

Top amenities

Air Conditioning

Dishwasher

Elevator

In-Unit Laundry

On-Site Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

261 Lester St #2, Waterloo, ON N2L 3W6

Furnished | In-unit laundry | Dishwasher

Studio

2 baths

$750

Apartment for rent

Available Jun 1

Top amenities

Air Conditioning

Central Heat

Dishwasher

Furnished

In-Unit Laundry

On-Site Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

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

Furnished | In-unit laundry | Dishwasher

Studio

2 baths

$725

Apartment for rent

Available Sep 1

Top amenities

Air Conditioning

Dishwasher

In-Unit Laundry

Microwave

On-Site Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

5 Student condo in the middle of Waterloo's universities

253 Lester St #2, Waterloo, ON N2L 3W6

Furnished | In-unit laundry | Dishwasher

Studio

2 baths

$795

Apartment for rent

Available Sep 1

Top amenities

Air Conditioning

Elevator

Furnished

In-Unit Laundry

Microwave

On-Site Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

251 Lester St #5, Waterloo, ON N2L 3W6

Furnished | On-site laundry | Dishwasher

Studio

2 baths

$795

Apartment for rent

Available May 1

Top amenities

Air Conditioning

On-Site Laundry

258B 258b Sunview St #288 - Photo 1 of 1

5d+ ago

Furnished Downtown Waterloo townhouse for rent in Waterloo

258B 258b Sunview St #288, Waterloo, ON N2L 0H7

Furnished | In-unit laundry | Dishwasher

2 beds

1 bath

$1,850

House for rent

Available Jun 5

Top amenities

Air Conditioning

In-Unit Laundry

5d+ ago

Furnished Downtown Waterloo apartment for rent in Waterloo

Furnished | On-site laundry | Dishwasher

5 beds

2 baths

$675

Apartment for rent

Available May 1

Top amenities

Furnished

On-Site Laundry

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