Bedroom count
Property type
Last updated on June 15, 2026
Average rent in
Waterloo, ON
Average rent in
Last updated on June 15, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Waterloo, ON rent slipped 5.3% year over year, with a current median of $1,967/month. Renters today are paying $48 less per month on average than last year, though month-to-month rent increased by 1.0%.
Compared to national trends
Waterloo sits 0.9% more expensive than the $1,950/month national median, with 194 total rentals offering a modestly priced market for renters in this Ontario city.
Price ranges
Studios in Waterloo rent for $772/month, 1-bedrooms for $1,870/month, and 2-bedrooms for $2,000/month, with 3-bedrooms reaching $2,597/month. Houses and apartments are close in price, at $1,950/month and $1,975/month respectively.
Neighborhood spotlight
North Lakeshore rents fell 27.8% year over year to $1,697/month across 23 rentals, a much steeper decline than the citywide 5.3% drop. Uptown Waterloo and Uptown West also cooled, with declines of 18.9% and 18.5% respectively, showing localized softness within the broader market.
Median rent
Median rent in Waterloo
$1,967/mo
5%vs previous year
The average rent in Waterloo is $1,967 per month as of June 2026. This is 1% above the national average rent, or $17 more per month.
average price per square foot
Total rentals
Available rentals in Waterloo
194
for rent on Zumper.com as of June 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 1% over the last month and have decreased by 5% 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 $1,975, whereas a house costs $1,950. 1-bedroom apartments in Waterloo run $1,897 on average, while 2-bedroom apartments are $2,096.
Listings | ||||
|---|---|---|---|---|
Studio | $772 | No Change |  3% | |
1 bedroom | $1,870 | 2% | 8% | |
2 bedroom | $2,000 | 1% | 12% | |
3 bedroom | $2,597 | 10% | 2% | |
4 bedroom | $750 | 4% | 19% |
Listings | ||
|---|---|---|
Beechwood | $1,949 | |
Colonial Acres | $1,900 | |
Columbia Forest | $2,425 | |
Downtown Waterloo | $1,960 | |
Lakeshore | $1,704 | |
Lincoln Heights | $2,099 | |
Maple Hills | $2,124 | |
Uptown Waterloo | $1,947 | |
Uptown West | $1,647 | |
Westvale | $2,000 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,975 | 4% | No Change | |
Condos | $1,992 | 6% | No Change | |
Houses | $1,950 | 5% | No Change | |
Rooms | $750 | 3% | - |
Studio
Average rent
$772
Last 30 days
No Change
Last year
3%
1 bedroom
Average rent
$1,870
Last 30 days
2%
Last year
8%
2 bedroom
Average rent
$2,000
Last 30 days
1%
Last year
12%
3 bedroom
Average rent
$2,597
Last 30 days
10%
Last year
2%
4 bedroom
Average rent
$750
Last 30 days
4%
Last year
19%
Downtown Waterloo
Average rent
$1,960
Lakeshore
Average rent
$1,704
Colonial Acres
Average rent
$1,900
Maple Hills
Average rent
$2,124
Beechwood
Average rent
$1,949
Columbia Forest
Average rent
$2,425
Uptown West
Average rent
$1,647
Lincoln Heights
Average rent
$2,099
Uptown Waterloo
Average rent
$1,947
Westvale
Average rent
$2,000
Apartments
Average rent
$1,975
Last 30 days
4%
Condos
Average rent
$1,992
Last 30 days
6%
Houses
Average rent
$1,950
Last 30 days
5%
Rooms
Average rent
$750
Last 30 days
3%
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
13%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
17%$2,350
10%$2,050
2%$1,880
2%$2,025
2%$1,799
1%$1,775
6%$1,855
1%$2,317
2%$2,375
10%$2,400
3%$2,250
3%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
5d+ ago
Downtown Waterloo apartment for rent in Waterloo
1 bed
1 bath
$550
Apartment for rent
Available May 1
5d+ ago
Downtown Waterloo apartment for rent in Waterloo
1 bed
1 bath
$550
Apartment for rent
Available May 1
5d+ ago
Downtown Waterloo apartment for rent in Waterloo
1 bed
1 bath
$550
Apartment for rent
Available May 1
6h ago
619 Wild Ginger Ave, Waterloo, ON N2V 2X1
3 beds
2–3 baths
$3,500–$3,750
Apartment for rent
5d+ ago
Columbia Forest apartment for rent in Waterloo
3 beds
3.5 baths
$3,750
Apartment for rent
Available Jun 15
5d+ ago
Columbia Forest apartment for rent in Waterloo
3 beds
3.5 baths
$3,750
Apartment for rent
Available Jun 15
5d+ ago
Columbia Forest apartment for rent in Waterloo
3 beds
2.5 baths
$3,500
Apartment for rent
Available Aug 1
4d ago
Verified
428 410-414 Westhaven Street, Waterloo, ON N2T 2Z8
1–2 beds
1–2 baths
$2,050–$2,500
Apartment for rent
5d+ ago
Verified
400 Parkside Dr, Waterloo, ON N2L 6E5
2 beds
1 bath
$1,940
Apartment for rent
3h ago
155 King St N, Waterloo, ON N2J 0E8
1–2 beds
1–2 baths
$2,020–$2,800
Apartment for rent
4h ago
611 Davenport Rd, Waterloo, ON N2L 0L3
1–2 beds
1–2 baths
$1,817–$2,757
Apartment for rent
5d+ ago
Verified
400 Parkside Dr, Waterloo, ON N2L 6E5
2 beds
1 bath
$1,940
Apartment for rent
5d+ ago
Downtown Waterloo apartment for rent in Waterloo
38 Marshall St #3, Waterloo, ON N2J 2T4
4 beds
1 bath
$2,000
Apartment for rent
Available Sep 1
4d ago
Verified
428 410-414 Westhaven Street, Waterloo, ON N2T 2Z8
1–2 beds
1–2 baths
$2,050–$2,500
Apartment for rent
5d+ ago
Verified
2 beds
2 baths
$2,100
Condo for rent
Available Sep 1
3h ago
155 King St N, Waterloo, ON N2J 0E8
1–2 beds
1–2 baths
$2,020–$2,800
Apartment for rent
4h ago
611 Davenport Rd, Waterloo, ON N2L 0L3
1–2 beds
1–2 baths
$1,817–$2,757
Apartment for rent
2d ago
12 Merchant Ave, Waterloo, ON N2L 0E6
1 bed
1 bath
$1,945–$2,030
Apartment for rent
3d ago
274 Erb St W, Waterloo, ON N2L 1W2
2 beds
1 bath
$2,055
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 $1,967 per month as of June 13, 2026.
Is rent up or down in Waterloo?
Average rent prices in Waterloo have increased by 1% over the last month and have decreased by 5% 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 $17 more per month.
Which neighborhoods are most affordable in Waterloo?
The most affordable neighborhoods in Waterloo are Uptown West ($1,647/mo), Lakeshore ($1,704/mo), and Colonial Acres ($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?
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%.
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).