Bedroom count

Property type

Last updated on March 3, 2026

Average rent in
Downtown Waterloo, Waterloo, ON

Last updated on March 3, 2026

Last updated on March 3, 2026

Bedroom count

Property type

As of February 2026, the median rent for all bedroom counts and property types in Downtown Waterloo, Waterloo, ON is $1,965. This is +3%, or $65, higher than the national average.

$3.67

average price per square foot

Median rent

$1,965

decreased by8%
over the previous yearvs previous year

Total rentals

110

for rent on Zumper.com

As of February 2026, the median rent for all bedroom counts and property types in Downtown Waterloo, Waterloo, ON is $1,965. This is +3%, or $65, higher than the national average.

$3.67

average price per square foot

Rent ranges

35%
62%
4%
$0-$1,500$0 - $1,500
$1,501-$3,000$1,501 - $3,000
$3,001-$4,500$3,001 - $4,500

Households

At this time, we don't have information to generate a distribution. Please check back soon.

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

Rent price trends in
Downtown Waterloo, Waterloo, ON

Rent price trends

Rent prices for all bedroom counts and property types in Downtown Waterloo, Waterloo, ON have increased by 15% in the last month and have decreased by 8% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Downtown Waterloo, Waterloo, ON

The monthly rent for an apartment in Downtown Waterloo, Waterloo, ON is $1,949. A 1-bedroom apartment in Downtown Waterloo, Waterloo, ON costs about $1,899 on average, while a 2-bedroom apartment is $2,545. Houses for rent in Downtown Waterloo, Waterloo, ON are more expensive, with an average monthly cost of $2,000.

Comparables

1 bedroom

$1,799

3%

12%

2 bedroom

$2,050

2%

13%

3 bedroom

$2,915

8%

5%

4 bedroom

$765

2%

22%

Studio

$1,460

30%

34%

Studio

Average rent

$1,460

Last 30 days

30%

Last year

34%

1 bedroom

Average rent

$1,799

Last 30 days

3%

Last year

12%

2 bedroom

Average rent

$2,050

Last 30 days

2%

Last year

13%

3 bedroom

Average rent

$2,915

Last 30 days

8%

Last year

5%

4 bedroom

Average rent

$765

Last 30 days

2%

Last year

22%

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.

Compare rent prices in Downtown Waterloo, Waterloo, ON to other neighborhoods

Median rent prices in Downtown Waterloo, Waterloo, ON for all bedroom counts and property types compared to Cherry Hill, Kitchener, ON.

Downtown Waterloo

Median rent price$1,965
increased by3%

higher than the national median

Median rent price$1,889
decreased by1%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Waterloo, Waterloo, ON is 4% higher than the median rent in Cherry Hill, Kitchener, ON.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Average rent in
Nearby neighborhoods

Explore rent trends in other markets

Cherry Hill

$1,889

decreased by9%

Last year

Kw Hospital

$1,587

decreased by12%

Last year

Lakeshore

$1,704

decreased by12%

Last year

Lincoln Heights

$2,050

decreased by15%

Last year

Uptown Waterloo

$2,124

increased by1%

Last year

Uptown West

$2,010

increased by1%

Last year

Apartments for rent in Brampton

Discover rentals in Downtown Waterloo, Waterloo, ON

MUST APPLY AT UWCORNER. COM - Photo 1 of 1

5d+ ago

9.4

Excellent

MUST APPLY AT UWCORNER. COM

113 Westmount Road North, Waterloo, ON N2L 5G5

1 bed

1 bath

$500

Apartment for rent

Available Dec 1

APPLY AT UWCORNER. COM - Photo 1 of 1

5d+ ago

9.4

Excellent

APPLY AT UWCORNER. COM

200 University Avenue West, Waterloo, ON N2L 3G1

1 bed

1 bath

$699

Apartment for rent

Available May 8

MUST APPLY AT UWCORNER COM - Photo 1 of 1

5d+ ago

9.4

Excellent

MUST APPLY AT UWCORNER COM

148 Westcourt Place, Waterloo, ON N2L 2R7

1 bed

1 bath

$699

Apartment for rent

Available May 5

APPLY AT UWCORNER. COM - Photo 1 of 1

5d+ ago

9.3

Excellent

APPLY AT UWCORNER. COM

167 Westcourt Place, Waterloo, ON N2L 2R7

1 bed

1 bath

$699

Apartment for rent

Available May 8

251 - 251 Lester Street #1 - Photo 1 of 1

5d+ ago

Downtown Waterloo apartment for rent in Waterloo

251 - 251 Lester Street #1, Waterloo, ON N2L 3W6

5 beds

2 baths

$700

Apartment for rent

Available Feb 2

Columbia - Photo 1 of 1

3d ago

8.8

Very good

Columbia

45 Columbia St W, Waterloo, ON N2L 3K4

5 beds

2 baths

$749

Apartment for rent

5d+ ago

Downtown Waterloo apartment for rent in Waterloo

LESTER ST (253) - 404 - 2

253 - 253 Lester Street #2, Waterloo, ON N2L 3W6

5 beds

2 baths

$750

Apartment for rent

Available Feb 10

261 - 261 Lester St #2 - Photo 1 of 1

5d+ ago

Downtown Waterloo apartment for rent in Waterloo

5 beds

2 baths

$750

Apartment for rent

Available Feb 10