Bedroom count
Property type
Last updated on August 31, 2026
Average rent in
Downtown Waterloo, Waterloo, ON
Average rent in
Last updated on August 31, 2026
Bedroom count
Property type
Median rent
Median rent in Downtown Waterloo
$1,959/mo
2%vs previous year
The average rent in Downtown Waterloo is $1,959 per month as of August 2026. This is 3% above the national average rent, or $49 more per month.
average price per square foot
Total rentals
Available rentals in Downtown Waterloo
42
for rent on Zumper.com as of August 2026
Rent price distribution
Share of Downtown Waterloo rentals at each price point
Rent trends in Downtown Waterloo, Waterloo, ON
Average rent prices in Downtown Waterloo have decreased by 1% 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
Downtown Waterloo, Waterloo, ON
Rent prices in Downtown Waterloo vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Downtown Waterloo is $1,980, whereas a house costs $2,000. 1-bedroom apartments in Downtown Waterloo run $1,989 on average, while 2-bedroom apartments are $2,480.
Listings | ||||
|---|---|---|---|---|
Studio | $1,425 |  12% | 11% | |
1 bedroom | $1,977 | No Change | 5% | |
2 bedroom | $2,100 | 1% | 7% | |
3 bedroom | $2,700 | 4% | 14% | |
4 bedroom | $750 | 8% | 42% |
Listings | ||
|---|---|---|
Cherry Hill | $1,695 | |
Kw Hospital | $1,800 | |
Lakeshore | $1,560 | |
Lincoln Heights | $1,999 | |
Uptown Waterloo | $1,945 | |
Uptown West | $1,707 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,980 | 1% | No Change | |
Condos | $1,850 | 3% | No Change | |
Houses | $2,000 | 4% | No Change |
Studio
Average rent
$1,425
Last 30 days
12%
Last year
11%
1 bedroom
Average rent
$1,977
Last 30 days
No Change
Last year
5%
2 bedroom
Average rent
$2,100
Last 30 days
1%
Last year
7%
3 bedroom
Average rent
$2,700
Last 30 days
4%
Last year
14%
4 bedroom
Average rent
$750
Last 30 days
8%
Last year
42%
Cherry Hill
Average rent
$1,695
Kw Hospital
Average rent
$1,800
Lakeshore
Average rent
$1,560
Lincoln Heights
Average rent
$1,999
Uptown Waterloo
Average rent
$1,945
Uptown West
Average rent
$1,707
Apartments
Average rent
$1,980
Last 30 days
1%
Condos
Average rent
$1,850
Last 30 days
3%
Houses
Average rent
$2,000
Last 30 days
4%
The table above reflects average rent prices in Downtown Waterloo, 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 Downtown Waterloo, Waterloo, ON compare to other neighborhoods?
Compare median rent prices in Downtown Waterloo and Cherry Hill by all bedroom counts and property types.
Downtown Waterloo
3%higher than the national median
11%lower than the national median
Takeaway
The median rent for all rentals in Downtown Waterloo, Waterloo, ON is 16% higher than the median rent in Cherry Hill, Kitchener, ON.
Average rent in nearby neighborhoods
Explore rent trends in neighboring markets
Discover rentals in Downtown Waterloo, Waterloo, ON
4d ago
45 Columbia St W, Waterloo, ON N2L 3K4
5 beds
2 baths
$576
Apartment for rent
2d ago
321 Lester St, Waterloo, ON N2L 3W6
5 beds
2 baths
$599
Apartment for rent
3d ago
208 Sunview St, Waterloo, ON N2L 3V6
5 beds
2 baths
$633
Apartment for rent
3d ago
203 Lester St, Waterloo, ON N2L 0B5
5 beds
2 baths
$633
Apartment for rent
2d ago
29 & 29 Barrel Yards Blvd., Waterloo, ON N2L 0C5
1–2 beds
1–2 baths
$2,199–$3,699
Apartment for rent
2d ago
20 & 20 Barrel Yards Blvd., Waterloo, ON N2L 0C3
1–2 beds
1–2 baths
$1,870–$3,149
Apartment for rent
5d+ ago
130 Columbia St W, Waterloo, ON N2L 0G6
1–2 beds
1–2 baths
$1,471–$2,733
Apartment for rent
Available Sep 4
4d ago
155 King St N, Waterloo, ON N2J 0E8
1–2 beds
2 baths
$2,070–$2,670
Apartment for rent
1d ago
12 Merchant Ave, Waterloo, ON N2L 0E6
1 bed
1 bath
$1,949–$2,160
Apartment for rent
3d ago
300 Regina St N, Waterloo, ON N2J 3B8
1–3 beds
1 bath
$1,727–$2,408
Apartment for rent
4d ago
25 Westmount Rd N, Waterloo, ON N2L 5G7
1–2 beds
1 bath
$1,675–$2,095
Apartment for rent
4d ago
155 King St N, Waterloo, ON N2J 0E8
1–2 beds
2 baths
$2,070–$2,670
Apartment for rent
4d ago
345 King St N, Waterloo, ON N2J 2Z1
1 bed
0 baths
$690
Apartment for rent
4d ago
21 Columbia St W, Waterloo, ON N2L 3K4
1 bed
0 baths
$675
Apartment for rent
4d ago
167 King St N, Waterloo, ON N2J 0B6
1 bed
0 baths
$742
Apartment for rent
Available Sep 1
3d ago
148 Westcourt Place, Waterloo, ON N2L 2R7
1 bed
1 bath
$699
Apartment for rent
Available May 5
1d ago
12 Merchant Ave, Waterloo, ON N2L 0E6
1 bed
1 bath
$1,949–$2,160
Apartment for rent
4d ago
25 Westmount Rd N, Waterloo, ON N2L 5G7
1–2 beds
1 bath
$1,675–$2,095
Apartment for rent
4d ago
155 King St N, Waterloo, ON N2J 0E8
1–2 beds
2 baths
$2,070–$2,670
Apartment for rent
5d+ ago
300 Regina St N, Waterloo, ON N2J 3B8
2–3 beds
1 bath
$1,994–$2,408
Apartment for rent
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Frequently asked questions for Downtown Waterloo, Waterloo, ON
Quick answers to common questions about the Downtown Waterloo rental market.
How much is rent in Downtown Waterloo?
The average rent in Downtown Waterloo is $1,959 per month as of August 29, 2026.
Is rent up or down in Downtown Waterloo?
Average rent prices in Downtown Waterloo have decreased by 1% over the last month and have decreased by 2% since last year.
How does Downtown Waterloo rent compare to the national average?
Rent in Downtown Waterloo is 3% above the national average, which means renters are paying approximately $49 more per month.
What salary do I need to afford rent in Downtown Waterloo?
To comfortably afford rent in Downtown Waterloo, you'd need to earn approximately $78,000/year, based on spending no more than 30% of your income on rent.
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).