Bedroom count
Property type
Last updated on September 15, 2026
Average rent in
Waterloo, ON
Average rent in
Last updated on September 15, 2026
Bedroom count
Property type
Key takeaways for renters
Where Waterloo rent stands today
Waterloo, ON rent is essentially flat year over year, with a current median of $1,987/month. Month over month, rents climbed 2.4%, reversing some of the modest year-over-year decline of $78 per month on average.
Compared to national trends
Waterloo rents run 4.6% more expensive than the $1,900/month national median, positioning it as a moderately priced market with 79 total rentals available.
Price ranges
Studio rents in Waterloo are about $1,250/month, 1-bedrooms run $1,824/month, 2-bedrooms are $2,102/month, 3-bedrooms reach $2,488/month, and 4+ bedrooms rent for $758/month. These bedroom tiers reflect the range most renters encounter in the market.
Neighborhood spotlight
Beechwood West rents rose 30.4% year over year to $2,475/month, contrasting with the citywide flat trend. Meanwhile, Lincoln Village saw a decline of 20.4% to $1,699/month, showing divergent neighborhood dynamics in Waterloo.
Median rent
Median rent in Waterloo
$1,987/mo
2%vs previous year
The average rent in Waterloo is $1,987 per month as of September 2026. This is 5% above the national average rent, or $87 more per month.
average price per square foot
Total rentals
Available rentals in Waterloo
79
for rent on Zumper.com as of September 2026
Rent price distribution
Share of Waterloo rentals at each price point
Rent trends in Waterloo, ON
Average rent prices in Waterloo have increased by 2% over the last month and have decreased by 2% since last year.
Rent trends
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Compare rent prices in
Waterloo, ON
Rent prices in Waterloo vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Waterloo is $1,950, whereas a house costs $2,200. 1-bedroom apartments in Waterloo run $1,849 on average, while 2-bedroom apartments are $2,125.
Listings | ||||
|---|---|---|---|---|
Studio | $1,250 |  36% | 7% | |
1 bedroom | $1,824 | 3% | 2% | |
2 bedroom | $2,102 | 2% | 2% | |
3 bedroom | $2,488 | 2% | 9% | |
4 bedroom | $758 | 36% | 7% |
Listings | ||
|---|---|---|
Beechwood | $1,999 | |
Colonial Acres | $2,076 | |
Columbia Forest | $2,125 | |
Downtown Waterloo | $1,900 | |
Lakeshore | $1,649 | |
Lincoln Heights | $1,980 | |
Maple Hills | $1,995 | |
University Downs | $1,899 | |
Uptown Waterloo | $2,020 | |
Westvale | $2,050 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,950 | 8% | No Change | |
Condos | $1,990 | 10% | No Change | |
Houses | $2,200 | 30% | No Change | |
Rooms | $550 | 8% | - |
Studio
Average rent
$1,250
Last 30 days
36%
Last year
7%
1 bedroom
Average rent
$1,824
Last 30 days
3%
Last year
2%
2 bedroom
Average rent
$2,102
Last 30 days
2%
Last year
2%
3 bedroom
Average rent
$2,488
Last 30 days
2%
Last year
9%
4 bedroom
Average rent
$758
Last 30 days
36%
Last year
7%
Downtown Waterloo
Average rent
$1,900
Lakeshore
Average rent
$1,649
Colonial Acres
Average rent
$2,076
Beechwood
Average rent
$1,999
Westvale
Average rent
$2,050
Maple Hills
Average rent
$1,995
Uptown Waterloo
Average rent
$2,020
Lincoln Heights
Average rent
$1,980
Columbia Forest
Average rent
$2,125
University Downs
Average rent
$1,899
Apartments
Average rent
$1,950
Last 30 days
8%
Condos
Average rent
$1,990
Last 30 days
10%
Houses
Average rent
$2,200
Last 30 days
30%
Rooms
Average rent
$550
Last 30 days
8%
The table above reflects average rent prices in Waterloo, ON, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.
How does rent in Waterloo, ON compare to other cities?
Compare median rent prices in Waterloo and Brampton by all bedroom counts and property types.
Waterloo
5%higher than the national median
16%higher than the national median
Takeaway
The median rent for all rentals in Waterloo, ON is 10% lower than the median rent in Brampton, ON.
Average rent in nearby cities
Explore rent trends in neighboring markets
$2,200
1%$2,334
2%$2,035
3%$1,740
3%$2,145
2%$1,769
4%$1,799
6%$1,871
$2,300
4%$2,537
6%$2,399
2%$2,300
2%Discover rentals in Waterloo, ON
5d+ ago
113 Westmount Road North, Waterloo, ON N2L 5G5
1 bed
1 bath
$500
Apartment for rent
Available Dec 1
4d ago
208 Sunview St, Waterloo, ON N2L 3V6
5 beds
2 baths
$633
Apartment for rent
4d ago
203 Lester St, Waterloo, ON N2L 0B5
5 beds
2 baths
$633
Apartment for rent
5d+ ago
21 Columbia St W, Waterloo, ON N2L 3K4
1 bed
0 baths
$675
Apartment for rent
3d ago
Columbia Forest apartment for rent in Waterloo
3 beds
3.5 baths
$3,500
Apartment for rent
Available Sep 14
11h ago
20 & 20 Barrel Yards Blvd., Waterloo, ON N2L 0C3
1–2 beds
1–2 baths
$1,960–$3,149
Apartment for rent
11h ago
414 Westhaven St (Tower A), Waterloo, ON N2T 0E1
1–2 beds
1–2 baths
$1,900–$2,800
Apartment for rent
5d+ ago
150 Wissler Rd, Waterloo, ON N2K 3C6
1–2 beds
1–2 baths
$1,817–$2,770
Apartment for rent
10h ago
Verified
200 Shakespeare Dr, Waterloo, ON N2L 6C1
Studio–2 beds
1–2 baths
$1,510–$2,555
Apartment for rent
10h ago
Verified
400 Parkside Dr, Waterloo, ON N2L 6E5
1–2 beds
1 bath
$1,670–$2,060
Apartment for rent
1h ago
137 University Ave W, Waterloo, ON N2L 3E6
1–3 beds
1 bath
$1,759–$2,645
Apartment for rent
7h ago
25 Westmount Rd N, Waterloo, ON N2L 5G7
1–3 beds
1 bath
$1,595–$2,375
Apartment for rent
10h ago
Verified
400 Parkside Dr, Waterloo, ON N2L 6E5
1–2 beds
1 bath
$1,670–$2,060
Apartment for rent
10h ago
Verified
200 Shakespeare Dr, Waterloo, ON N2L 6C1
Studio–2 beds
1–2 baths
$1,510–$2,555
Apartment for rent
3d ago
274 Erb St W, Waterloo, ON N2L 1W2
1–2 beds
1 bath
$1,495–$1,895
Apartment for rent
4d ago
736 Old Albert St, Waterloo, ON N2L 6R4
1–2 beds
1 bath
$1,695–$1,845
Apartment for rent
7h ago
25 Westmount Rd N, Waterloo, ON N2L 5G7
1–3 beds
1 bath
$1,595–$2,375
Apartment for rent
10h ago
300 Regina St N, Waterloo, ON N2J 3B8
2–3 beds
1–2 baths
$1,973–$2,286
Apartment for rent
15h ago
99 Milford Ave, Waterloo, ON N2L 0L2
2 beds
1 bath
$1,997–$2,035
Apartment for rent
3d ago
611 Davenport Rd, Waterloo, ON N2L 0L3
1–2 beds
1–2 baths
$2,057–$2,507
Apartment for rent
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Frequently asked questions for Waterloo, ON
Quick answers to common questions about the Waterloo rental market.
How much is rent in Waterloo?
The average rent in Waterloo is $1,987 per month as of September 12, 2026.
Is rent up or down in Waterloo?
Average rent prices in Waterloo have increased by 2% over the last month and have decreased by 2% since last year.
How does Waterloo rent compare to the national average?
Rent in Waterloo is 5% above the national average, which means renters are paying approximately $87 more per month.
Which neighborhoods are most affordable in Waterloo?
The most affordable neighborhoods in Waterloo are Lakeshore ($1,649/mo), University Downs ($1,899/mo), and Downtown Waterloo ($1,900/mo).
What salary do I need to afford rent in Waterloo?
To comfortably afford rent in Waterloo, you'd need to earn approximately $79,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Waterloo?
December offers the best rental deals in Waterloo, with rents running about 3% lower than the September peak. November and December show less competition compared to the high-demand summer months of July and August.
Methodology
Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.
Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).