Apartments for Rent in Lakeshore, Waterloo, ON

Lakeshore, Waterloo apartment availability

Lakeshore's rental market offers a good selection of listings, with an average of 32 rentals available each month. The majority of rentals in Lakeshore are 2-bedroom apartments, followed by studios and 1-bedroom apartments. Many of these rentals offer popular amenities such as on-site laundry, which is available in 80% of apartments, and pet-friendliness, with 72% of apartments allowing small pets. This makes Lakeshore a great option for renters who value convenience and flexibility. With a range of bedroom options and amenities, Lakeshore is a neighborhood worth considering for those looking for a rental in Waterloo.

Lakeshore, Waterloo rental market trends

The Lakeshore, Waterloo rental market experienced a modest year-over-year increase of 0.7% in 2024, with the average monthly rent for all bed types and properties reaching $2,088. Breaking it down by bed count, 1-bedrooms averaged $1,903 per month, with a 0.5% annual increase, while 2-bedrooms saw a more significant 5% increase to $2,184. The average rent for 3-bedrooms was $2,644, with a 5% annual increase, and studios averaged $939, reflecting a notable 9.5% annual increase.

The rental market in Lakeshore tends to peak in the spring, with April typically seeing the highest rent prices, 11.6% higher than December, the month with the lowest rent. If you're looking for a new apartment, be prepared for more competition in the spring. Conversely, if you're searching during the winter months, you may find relatively lower prices and less competition, making December a potentially good time to find a new apartment.

Why Lakeshore, Waterloo is a great place to live

Lakeshore is a top choice for renters prioritizing social living and environmental sustainability. According to 2024 data, apartments in this neighborhood often feature eco-friendly amenities such as non-toxic paint, sustainable materials, and energy-efficient thermostats. Additionally, community solar projects and rainwater harvesting systems contribute to a reduced carbon footprint. With a strong transit score and walk score, residents can easily get around without relying on personal vehicles. This convenience also fosters a vibrant social scene, with frequent transit options and well-maintained street infrastructure making it simple to meet up with friends or explore local attractions. Overall, Lakeshore offers an ideal blend of eco-conscious living and social connectivity.