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.

Apartments for Rent with Move In Special in Waterloo, ON

25 rentals available

Rent special

12h ago

9.1

Excellent

504 Glenelm Cres.

504 Glenelm Cres, Waterloo, ON N2L 5C8

Rent special | On-site management

2 beds

1 bath

$1,851

Apartment for rent

Top amenities

On-Site Management

Rent special

3D tour

1d ago

8.8

Very good

The Bow

120 Benton St, Kitchener, ON N2G 0C7

Rent special | In-unit laundry | Garage parking

1–2 beds

1–2 baths

$1,799–$2,499

Apartment for rent

Top amenities

Assigned Parking

Controlled Access

Dishwasher

In-Unit Laundry

On-Site Management

Residents Lounge

Rent special

1d ago

9.4

Excellent

500 Glenelm Cres.

500 Glenelm Cres, Waterloo, ON N2L 5C8

Rent special | On-site laundry | Elevator

1–2 beds

1 bath

$1,693–$1,831

Apartment for rent

Top amenities

On-Site Laundry

On-Site Management

Rent special

New construction

1d ago

Excellent

Giorgio

900 King St W, Kitchener, ON N2G 1G5

Rent special | In-unit laundry | Air conditioning

Studio–2 beds

1 bath

$1,425–$2,235

Apartment for rent

Top amenities

Controlled Access

Elevator

Fireplace

Garage Parking

On-Site Laundry

Storage

Rent special

3D tour

1d ago

8.5

Very good

The Bevel

12 Merchant Ave, Waterloo, ON N2L 0E6

Rent special | In-unit laundry | Air conditioning

1 bed

1 bath

$1,945–$2,030

Apartment for rent

Top amenities

Air Conditioning

Assigned Parking

Elevator

In-Unit Laundry

On-Site Management

Storage

Rent special

1d ago

8.5

Very good

Vogue Residences

155 King St N, Waterloo, ON N2J 0E8

Rent special | Furnished | Air conditioning

1–2 beds

1–2 baths

$2,020–$2,800

Apartment for rent

Top amenities

Central Heat

Dishwasher

Elevator

Fitness Center

Garage Parking

On-Site Management

Nearby rental good for eco-living

$1,851

504 Glenelm Cres

Nearby rental good for pet owners

$2,020–$2,800

155 King St N

Rent special

2d ago

9.4

Excellent

Bloomingdale Mews 2

595 Strasburg Rd, Kitchener, ON N2E 0J7

Rent special | In-unit laundry | Air conditioning

2 beds

1 bath

$1,880–$1,970

Apartment for rent

Top amenities

Assigned Parking

Central Heat

In-Unit Laundry

On-Site Laundry

On-Site Management

Wheelchair Accessible

Rent special

2d ago

9.4

Excellent

Maple Hill Creek

274 Erb St W, Waterloo, ON N2L 1W2

Rent special | Air conditioning | On-site laundry

2 beds

1 bath

$2,055

Apartment for rent

Top amenities

Air Conditioning

Assigned Parking

Carpet

Central Heat

On-Site Laundry

On-Site Management

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Rent special

2d ago

8.7

Very good

75 Milford Avenue & 421

75 Milford Ave && 499 Barrie Pl, Waterloo, ON N2L None

Rent special | On-site laundry | Balcony

1 bed

1 bath

$1,766

Apartment for rent

Top amenities

Controlled Access

On-Site Laundry

On-Site Management

Storage

Rent special

New construction

2d ago

Excellent

NUVO At Avalon

1442 Highland Rd W, Kitchener, ON N2N 0C9

Rent special | In-unit laundry | Garage parking

Studio–3 beds

1–2 baths

$1,425–$2,700

Apartment for rent

Top amenities

Central Heat

Garage Parking

High Ceilings

In-Unit Laundry

On-Site Laundry

Wheelchair Accessible

Find sweet deals near Waterloo

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$1,799

Downtown Waterloo

$1,497

Colonial Acres

$1,799

Maple Hills

Rent special

2d ago

8.5

Very good

Beacon Tower

25 Westmount Rd N, Waterloo, ON N2L 5G7

Rent special | Air conditioning | Garage parking

1–3 beds

1 bath

$1,675–$2,450

Apartment for rent

Top amenities

Dishwasher

Elevator

Garage Parking

Hardwood Floor

On-Site Management

Storage

Rent special

3D tour

3d ago

8.8

Very good

Block 599

599 Strasburg Rd, Kitchener, ON N2E 0H7

Rent special | In-unit laundry | Air conditioning

1–2 beds

1–2 baths

$2,065–$2,650

Apartment for rent

Top amenities

Central Heat

Dishwasher

Elevator

Fitness Center

In-Unit Laundry

On-Site Laundry

Rent special

3d ago

8.8

Very good

285 Erb St. W.

285 Erb St W, Waterloo, ON N2L 1W5

Rent special | Garage parking | On-site laundry

1–3 beds

1 bath

$1,599–$2,199

Apartment for rent

Top amenities

Elevator

Garage Parking

On-Site Laundry

Rent special

New construction

3d ago

Excellent

99 Milford Avenue

99 Milford Ave, Waterloo, ON N2L 0L2

Rent special | In-unit laundry | Air conditioning

2 beds

1 bath

$1,997

Apartment for rent

Top amenities

Air Conditioning

Dishwasher

In-Unit Laundry

On-Site Laundry

On-Site Management

Rent special

3D tour

3d ago

8.5

Very good

Evoke

239 Eden Oak Trail, Kitchener, ON N2A 0L5

Rent special | In-unit laundry | Air conditioning

Studio–2 beds

1–2 baths

$1,589–$2,313

Apartment for rent

Top amenities

Air Conditioning

Elevator

EV Charging

High Ceilings

On-Site Management

Residents Lounge

5-19 Amos Avenue & 340-358 Erb Street West - Photo 1 of 1

Rent special

3d ago

9.1

Excellent

5-19 Amos Avenue & 340-358 Erb Street West

1 Amos Ave && 337 Erb St W, Waterloo, ON N2L None

Rent special | On-site laundry | Storage

1–2 beds

1 bath

$1,619–$2,015

Apartment for rent

Available Aug 14

Top amenities

Controlled Access

On-Site Laundry

On-Site Management

Rent special

New construction

3d ago

8.7

Very good

Vertikal

475 King St E, Kitchener, ON N2G 0E6

Rent special | In-unit laundry | Air conditioning

1–2 beds

1–2 baths

$1,978–$2,750

Apartment for rent

Top amenities

Air Conditioning

Central Heat

In-Unit Laundry

On-Site Management

Storage

Swimming Pool

Rent special

New construction

3d ago

Excellent

611 Davenport Road

611 Davenport Rd, Waterloo, ON N2L 0L3

Rent special | In-unit laundry | Air conditioning

1–2 beds

1–2 baths

$1,817–$2,757

Apartment for rent

Top amenities

Air Conditioning

Elevator

EV Charging

On-Site Laundry

On-Site Management

Wheelchair Accessible

Rent special

4d ago

9.4

Excellent

167 King Street North

167 King St N, Waterloo, ON N2J 0B6

Rent special | Furnished | Air conditioning

1 bed

0 baths

$842

Apartment for rent

Available Sep 1

Top amenities

Controlled Access

Elevator

Garage Parking

On-Site Laundry

On-Site Management

Wheelchair Accessible

Rent special

4d ago

9.4

Excellent

21 Columbia Street West

21 Columbia St W, Waterloo, ON N2L 3K4

Rent special | Furnished | Air conditioning

1 bed

0 baths

$767

Apartment for rent

Top amenities

Elevator

Fitness Center

Hardwood Floor

On-Site Laundry

Wheelchair Accessible

Rent special

4d ago

9.2

Excellent

1 Columbia Street West

1 Columbia St W, Waterloo, ON N2L 0C8

Rent special | Furnished | Air conditioning

1 bed

0 baths

$792

Apartment for rent

Top amenities

Dishwasher

Fitness Center

On-Site Laundry

Rent special

4d ago

9.4

Excellent

168 King Street North

168 King St N, Waterloo, ON N2J 0B8

Rent special | Furnished | Garage parking

1 bed

0 baths

$867

Apartment for rent

Available Sep 1

Top amenities

Carpet

Elevator

Garage Parking

On-Site Laundry

On-Site Management

Wheelchair Accessible

Rent special

5d+ ago

9.4

Excellent

345 King Street North

345 King St N, Waterloo, ON N2J 2Z1

Rent special | Furnished | Air conditioning

1 bed

0 baths

$767

Apartment for rent

Top amenities

Air Conditioning

Controlled Access

Elevator

Fitness Center

Furnished

On-Site Laundry

Rent special

5d+ ago

8.8

Very good

520 Parkside Drive

520 Parkside Dr, Waterloo, ON N2L 5E3

Rent special | On-site laundry | Balcony

1–2 beds

1 bath

$1,749–$2,025

Apartment for rent

Top amenities

Controlled Access

Hardwood Floor

On-Site Laundry

On-Site Management

Rent special

5d+ ago

9.4

Excellent

Frederick Apartments

250 Frederick St, Kitchener, ON N2H 2N1

Rent special | Garage parking | On-site laundry

1–2 beds

1 bath

$1,515–$1,675

Apartment for rent

Top amenities

Dishwasher

Elevator

Garage Parking

On-Site Laundry

On-Site Management

Showing 1 - 25 of 25 results

Home > Apartments in Waterloo > Waterloo Move in special Apartments For Rent

Updated: June 21, 2026

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