Bedroom count
Property type
Last updated on October 30, 2026
Average rent in
Waterloo, ON
Average rent in
Last updated on October 30, 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 $1,995/month. Renters are paying about the same as last year, with a negligible $5 monthly difference.
Compared to national trends
Waterloo rents run 5.0% more expensive than the $1,900/month national median, positioning it as a moderately priced market with 75 total rentals available.
Price ranges
Studio rents in Waterloo sit around $1,453/month, 1-bedrooms at $1,804/month, 2-bedrooms at $2,108/month, 3-bedrooms at $2,375/month, and 4+ bedrooms reach $3,100/month. These figures reflect the range renters face across bedroom sizes.
Median rent
Median rent in Waterloo
$1,995/mo
vs previous year
The average rent in Waterloo is $1,995 per month as of October 2026. This is 5% above the national average rent, or $95 more per month.
average price per square foot
Total rentals
Available rentals in Waterloo
75
for rent on Zumper.com as of October 2026
Rent price distribution
Share of Waterloo rentals at each price point
Rent trends in Waterloo, ON
Average rent prices in Waterloo have remained the same over the last month and have remained the same 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 $1,977, whereas a house costs $3,250. 1-bedroom apartments in Waterloo run $1,800 on average, while 2-bedroom apartments are $2,074.
Listings | ||||
|---|---|---|---|---|
Studio | $1,453 |  1% | 83% | |
1 bedroom | $1,803 |  4% | No Change | |
2 bedroom | $2,108 | No Change | 3% | |
3 bedroom | $2,375 | 3% | 5% | |
4 bedroom | $3,100 | 41% | 295% |
Listings | ||
|---|---|---|
Beechwood | $2,115 | |
Colonial Acres | $2,010 | |
Downtown Waterloo | $1,960 | |
Lakeshore | $1,849 | |
Lincoln Heights | $1,715 | |
Lincoln Village | $2,027 | |
Maple Hills | $1,841 | |
Uptown Waterloo | $1,908 | |
Uptown West | $2,009 | |
Westvale | $2,050 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,977 | No Change | 1% | |
Condos | $2,125 | No Change | 29% | |
Houses | $3,250 | 9% | 63% | |
Rooms | $680 | 27% | - |
Studio
Average rent
$1,453
Last 30 days
1%
Last year
83%
1 bedroom
Average rent
$1,803
Last 30 days
4%
Last year
No Change
2 bedroom
Average rent
$2,108
Last 30 days
No Change
Last year
3%
3 bedroom
Average rent
$2,375
Last 30 days
3%
Last year
5%
4 bedroom
Average rent
$3,100
Last 30 days
41%
Last year
295%
Downtown Waterloo
Average rent
$1,960
Colonial Acres
Average rent
$2,010
Lakeshore
Average rent
$1,849
Beechwood
Average rent
$2,115
Westvale
Average rent
$2,050
Uptown Waterloo
Average rent
$1,908
Maple Hills
Average rent
$1,841
Lincoln Heights
Average rent
$1,715
Uptown West
Average rent
$2,009
Lincoln Village
Average rent
$2,027
Apartments
Average rent
$1,977
Last 30 days
No Change
Last year
1%
Condos
Average rent
$2,125
Last year
29%
Houses
Average rent
$3,250
Last 30 days
9%
Last year
63%
Rooms
Average rent
$680
Last 30 days
27%
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
18%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
$2,245
2%$2,295
1%$2,030
4%$1,675
12%$2,099
2%$1,749
3%$1,839
3%$1,855
4%$2,250
5%$2,325
15%$2,385
1%$2,200
4%Discover rentals in Waterloo, ON
2d ago
113 Westmount Road North, Waterloo, ON N2L 5G5
1 bed
1 bath
$500
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
Available Dec 1
1d ago
148 Westcourt Place, Waterloo, ON N2L 2R7
1 bed
1 bath
$699
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
Available May 5
1d ago
200 University Avenue West, Waterloo, ON N2L 3G1
1 bed
1 bath
$699
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
Available May 8
1d ago
167 Westcourt Place, Waterloo, ON N2L 2R7
1 bed
1 bath
$699
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
Available May 8
![[Move-in Today] Last room, right across UW - Must apply at www UWCorner com - Photo 1 of 1](https://img.zumpercdn.com/525290932/1280x960?fit=crop&h=160&w=329)
5d+ ago
Downtown Waterloo apartment for rent in Waterloo
3 beds
3 baths
$3,895
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
Available Oct 7
1d ago
20 & 20 Barrel Yards Blvd., Waterloo, ON N2L 0C3
1–2 beds
1–2 baths
$2,129–$3,699
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Apartment for rent
5h ago
246 Albert St, Waterloo, ON N2L 0G5
1–2 beds
1–2 baths
$1,960–$3,398
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
2d ago
29 & 29 Barrel Yards Blvd., Waterloo, ON N2L 0C5
2 beds
2 baths
$3,159–$3,299
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Apartment for rent
51m ago
Verified
200 Shakespeare Dr, Waterloo, ON N2L 6C1
Studio–2 beds
1–2 baths
$1,530–$2,340
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Apartment for rent
53m ago
Verified
400 Parkside Dr, Waterloo, ON N2L 6E5
1–2 beds
1 bath
$1,670–$2,040
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Apartment for rent
5h ago
Verified
99 Milford Ave, Waterloo, ON N2L 0L2
2 beds
1 bath
$1,950
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
1d ago
Verified
611 Davenport Rd, Waterloo, ON N2L 0L3
1–2 beds
1–2 baths
$2,057–$2,900
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
51m ago
Verified
200 Shakespeare Dr, Waterloo, ON N2L 6C1
Studio–2 beds
1–2 baths
$1,530–$2,340
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Apartment for rent
53m ago
Verified
400 Parkside Dr, Waterloo, ON N2L 6E5
1–2 beds
1 bath
$1,670–$2,040
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Apartment for rent
5h ago
Verified
99 Milford Ave, Waterloo, ON N2L 0L2
2 beds
1 bath
$1,950
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
1d ago
Verified
611 Davenport Rd, Waterloo, ON N2L 0L3
1–2 beds
1–2 baths
$2,057–$2,900
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
5h ago
Verified
99 Milford Ave, Waterloo, ON N2L 0L2
2 beds
1 bath
$1,950
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
1d ago
Verified
611 Davenport Rd, Waterloo, ON N2L 0L3
1–2 beds
1–2 baths
$2,057–$2,900
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
51m ago
300 Regina St N, Waterloo, ON N2J 3B8
2–3 beds
1 bath
$1,982–$2,321
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
4h ago
137 University Ave W, Waterloo, ON N2L 3E6
2 beds
1 bath
$1,795
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.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 $1,995 per month as of October 24, 2026.
Is rent up or down in Waterloo?
Average rent prices in Waterloo have remained the same over the last month and have remained the same 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 $95 more per month.
Which neighborhoods are most affordable in Waterloo?
The most affordable neighborhoods in Waterloo are Lincoln Heights ($1,715/mo), Maple Hills ($1,841/mo), and Lakeshore ($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 $80,000/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).