Bedroom count
Property type
Last updated on July 31, 2026
Average rent in
Waterloo, ON
Average rent in
Last updated on July 31, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Waterloo, ON rent slipped 7.1% year over year, with a current median of $1,950/month. Renters today are paying $190 less per month on average than last year, continuing a downward trend from the peak of $2,199/month in September 2024.
Compared to national trends
Waterloo, ON rent runs 1.0% more expensive than the $1,930/month national median, placing it close to the national average with a total of 160 rentals available.
Price ranges
Studios in Waterloo rent for about $795/month, 1-bedrooms around $1,920/month, and 2-bedrooms near $2,000/month. Apartments make up 75.8% of total rentals, while houses and condos account for 16.2% and 7.1% respectively.
Neighborhood spotlight
In Waterloo, ON, University Downs rents fell 32.2% year over year to $2,000/month across 16 rentals. This local decline is steeper than the citywide drop of 7.1%, marking a distinct cooldown in that neighborhood.
Median rent
Median rent in Waterloo
$1,950/mo
7%vs previous year
The average rent in Waterloo is $1,950 per month as of July 2026. This is 1% above the national average rent, or $20 more per month.
average price per square foot
Total rentals
Available rentals in Waterloo
160
for rent on Zumper.com as of July 2026
Rent price distribution
Share of Waterloo rentals at each price point
Rent trends in Waterloo, ON
Average rent prices in Waterloo have decreased by 6% over the last month and have decreased by 7% 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 $1,950. 1-bedroom apartments in Waterloo run $1,967 on average, while 2-bedroom apartments are $2,066.
Listings | ||||
|---|---|---|---|---|
Studio | $795 |  5% | 16% | |
1 bedroom | $1,920 | 5% | 7% | |
2 bedroom | $2,000 | 1% | 17% | |
3 bedroom | $2,548 | 2% | 5% | |
4 bedroom | $750 | 7% | 26% |
Listings | ||
|---|---|---|
Beechwood | $1,849 | |
Colonial Acres | $1,498 | |
Columbia Forest | $2,295 | |
Downtown Waterloo | $1,949 | |
Lakeshore | $1,645 | |
Lincoln Heights | $2,024 | |
Maple Hills | $1,969 | |
Uptown Waterloo | $2,194 | |
Uptown West | $2,099 | |
Westvale | $2,150 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,950 | 6% | No Change | |
Condos | $1,950 | 7% | No Change | |
Houses | $1,950 | No Change | No Change | |
Rooms | $830 | 18% | No Change |
Studio
Average rent
$795
Last 30 days
5%
Last year
16%
1 bedroom
Average rent
$1,920
Last 30 days
5%
Last year
7%
2 bedroom
Average rent
$2,000
Last 30 days
1%
Last year
17%
3 bedroom
Average rent
$2,548
Last 30 days
2%
Last year
5%
4 bedroom
Average rent
$750
Last 30 days
7%
Last year
26%
Downtown Waterloo
Average rent
$1,949
Lakeshore
Average rent
$1,645
Beechwood
Average rent
$1,849
Colonial Acres
Average rent
$1,498
Westvale
Average rent
$2,150
Maple Hills
Average rent
$1,969
Columbia Forest
Average rent
$2,295
Uptown West
Average rent
$2,099
Uptown Waterloo
Average rent
$2,194
Lincoln Heights
Average rent
$2,024
Apartments
Average rent
$1,950
Last 30 days
6%
Condos
Average rent
$1,950
Last 30 days
7%
Houses
Average rent
$1,950
Last 30 days
No Change
Rooms
Average rent
$830
Last 30 days
18%
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
1%higher than the national median
14%higher than the national median
Takeaway
The median rent for all rentals in Waterloo, ON is 11% lower than the median rent in Brampton, ON.
Average rent in nearby cities
Explore rent trends in neighboring markets
$2,200
2%$2,300
5%$2,030
6%$1,755
13%$2,099
1%$1,750
3%$1,792
6%$1,870
$2,349
3%$2,320
15%$2,400
3%$2,250
4%Discover rentals in Waterloo, ON
1d ago
113 Westmount Road North, Waterloo, ON N2L 5G5
1 bed
1 bath
$500
Apartment for rent
Available Dec 1
5d+ ago
Maple Hills apartment for rent in Waterloo
5 beds
2 baths
$575
Apartment for rent
Available Aug 1
13h ago
208 Sunview St, Waterloo, ON N2L 3V6
5 beds
2 baths
$611
Apartment for rent
13h ago
203 Lester St, Waterloo, ON N2L 0B5
5 beds
2 baths
$611
Apartment for rent
17h ago
619 Wild Ginger Ave, Waterloo, ON N2V 2X1
3 beds
2–3 baths
$3,200–$3,500
Apartment for rent
5d+ ago
Columbia Forest apartment for rent in Waterloo
3 beds
3.5 baths
$3,500
Apartment for rent
Available Jul 30
5d+ ago
Columbia Forest apartment for rent in Waterloo
3 beds
3.5 baths
$3,500
Apartment for rent
Available Jul 30
5d+ ago
Columbia Forest apartment for rent in Waterloo
3 beds
2 baths
$3,200
Apartment for rent
Available Jul 30
16h ago
Verified
400 Parkside Dr, Waterloo, ON N2L 6E5
2 beds
1 bath
$1,645
Apartment for rent
9h ago
99 Milford Ave, Waterloo, ON N2L 0L2
2 beds
1 bath
$1,950–$1,997
Apartment for rent
13h ago
520 Parkside Dr, Waterloo, ON N2L 5E3
2–3 beds
1 bath
$2,025–$2,299
Apartment for rent
14h ago
300 Regina St N, Waterloo, ON N2J 3B8
1–3 beds
1 bath
$1,730–$2,320
Apartment for rent
16h ago
Verified
400 Parkside Dr, Waterloo, ON N2L 6E5
2 beds
1 bath
$1,645
Apartment for rent
5d+ ago
Verified
1 bed
1 bath
$1,700
Condo for rent
Available Sep 1
16h ago
736 Old Albert St, Waterloo, ON N2L 6R4
1 bed
1 bath
$1,655–$1,695
Apartment for rent
5d+ ago
274 Erb St W, Waterloo, ON N2L 1W2
2 beds
1 bath
$2,055
Apartment for rent
9h ago
99 Milford Ave, Waterloo, ON N2L 0L2
2 beds
1 bath
$1,950–$1,997
Apartment for rent
13h ago
520 Parkside Dr, Waterloo, ON N2L 5E3
2–3 beds
1 bath
$2,025–$2,299
Apartment for rent
17h ago
611 Davenport Rd, Waterloo, ON N2L 0L3
1–2 beds
1–2 baths
$1,967–$2,757
Apartment for rent
1d ago
25 Westmount Rd N, Waterloo, ON N2L 5G7
1–2 beds
1 bath
$1,650–$2,095
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 $1,950 per month as of July 25, 2026.
Is rent up or down in Waterloo?
Average rent prices in Waterloo have decreased by 6% over the last month and have decreased by 7% since last year.
How does Waterloo rent compare to the national average?
Rent in Waterloo is 1% above the national average, which means renters are paying approximately $20 more per month.
Which neighborhoods are most affordable in Waterloo?
The most affordable neighborhoods in Waterloo are Colonial Acres ($1,498/mo), Lakeshore ($1,645/mo), and Beechwood ($1,849/mo).
What salary do I need to afford rent in Waterloo?
To comfortably afford rent in Waterloo, you'd need to earn approximately $78,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Waterloo?
Based on Zumper's July 2026 data, one-bedroom apartments in Waterloo average around $1,810/month and two-bedrooms approximately $2,050/month.
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).