Bedroom count
Property type
Last updated on October 15, 2026
Average rent in
Downtown Waterloo, Waterloo, ON
Average rent in
Last updated on October 15, 2026
Bedroom count
Property type
Median rent
Median rent in Downtown Waterloo
$1,905/mo
5%vs previous year
The average rent in Downtown Waterloo is $1,905 per month as of October 2026. This is about the same as the national average rent.
average price per square foot
Total rentals
Available rentals in Downtown Waterloo
35
for rent on Zumper.com as of October 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 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
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 $1,910, whereas a house costs $3,100. 1-bedroom apartments in Downtown Waterloo run $1,775 on average, while 2-bedroom apartments are $2,075.
Listings | ||||
|---|---|---|---|---|
Studio | $1,512 | 5% |  8% | |
1 bedroom | $1,791 | 4% | 5% | |
2 bedroom | $2,062 | 2% | No Change | |
3 bedroom | $2,436 | No Change | 17% | |
4 bedroom | $1,595 | 133% | 184% |
Listings | ||
|---|---|---|
Cherry Hill | $1,754 | |
Kw Hospital | $1,897 | |
Lakeshore | $1,909 | |
Lincoln Heights | $2,078 | |
Uptown Waterloo | $1,895 | |
Uptown West | $1,875 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,910 | 4% | No Change | |
Condos | $2,022 | 3% | - | |
Houses | $3,100 | No Change | No Change |
Studio
Average rent
$1,512
Last 30 days
5%
Last year
8%
1 bedroom
Average rent
$1,791
Last 30 days
4%
Last year
5%
2 bedroom
Average rent
$2,062
Last 30 days
2%
Last year
No Change
3 bedroom
Average rent
$2,436
Last 30 days
No Change
Last year
17%
4 bedroom
Average rent
$1,595
Last 30 days
133%
Last year
184%
Cherry Hill
Average rent
$1,754
Kw Hospital
Average rent
$1,897
Lakeshore
Average rent
$1,909
Lincoln Heights
Average rent
$2,078
Uptown Waterloo
Average rent
$1,895
Uptown West
Average rent
$1,875
Apartments
Average rent
$1,910
Last 30 days
4%
Condos
Average rent
$2,022
Last 30 days
3%
Houses
Average rent
$3,100
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
Equal to the the national median
8%lower than the national median
Takeaway
The median rent for all rentals in Downtown Waterloo, Waterloo, ON is 9% 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
1d 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
21 Columbia St W, Waterloo, ON N2L 3K4
1 bed
0 baths
$675
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
1d ago
345 King St N, Waterloo, ON N2J 2Z1
1 bed
0 baths
$690
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
12h 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
![[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
9h ago
20 & 20 Barrel Yards Blvd., Waterloo, ON N2L 0C3
1–2 beds
1–2 baths
$2,010–$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
1d ago
12 Merchant Ave, Waterloo, ON N2L 0E6
1–2 beds
1–2 baths
$2,149–$3,225
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
1d ago
29 & 29 Barrel Yards Blvd., Waterloo, ON N2L 0C5
2 beds
2 baths
$3,159
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
2h ago
300 Regina St N, Waterloo, ON N2J 3B8
1–3 beds
1–2 baths
$1,727–$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
5h ago
25 Westmount Rd N, Waterloo, ON N2L 5G7
1–3 beds
1 bath
$1,550–$2,375
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
12 Merchant Ave, Waterloo, ON N2L 0E6
1–2 beds
1–2 baths
$2,149–$3,225
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
2d ago
155 King St N, Waterloo, ON N2J 0E8
1–2 beds
2 baths
$2,200–$2,770
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
345 King St N, Waterloo, ON N2J 2Z1
1 bed
0 baths
$690
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
1d ago
21 Columbia St W, Waterloo, ON N2L 3K4
1 bed
0 baths
$675
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
12h 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
12h 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
5h ago
25 Westmount Rd N, Waterloo, ON N2L 5G7
1–3 beds
1 bath
$1,550–$2,375
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
5d+ 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
21h ago
130 Columbia St W, Waterloo, ON N2L 0G6
1–2 beds
1–2 baths
$1,424–$2,865
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
131 University Ave W, Waterloo, ON N2L 0J9
1 bed
1–2 baths
$1,657–$2,090
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 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 $1,905 per month as of October 10, 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 5% since last year.
How does Downtown Waterloo rent compare to the national average?
Rent in Downtown Waterloo is roughly the same as the national average.
What salary do I need to afford rent in Downtown Waterloo?
To comfortably afford rent in Downtown Waterloo, you'd need to earn approximately $76,000/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).