Bedroom count

Property type

Last updated on October 17, 2025

Average rent in
Downtown Waterloo, Waterloo, ON

Last updated on October 17, 2025

Last updated on October 17, 2025

Bedroom count

Property type

As of October 2025, the median rent for all bedroom counts and property types in Downtown Waterloo, Waterloo, ON is $2,000. This is +3%, or $50, higher than the national average.

$3.64

average price per square foot

Median rent

$2,000

decreased by11%
over the previous yearvs previous year

Total rentals

64

for rent on Zumper.com

As of October 2025, the median rent for all bedroom counts and property types in Downtown Waterloo, Waterloo, ON is $2,000. This is +3%, or $50, higher than the national average.

$3.64

average price per square foot

Rent ranges

27%
70%
2%
1%
$0-$1,500$0 - $1,500
$1,501-$3,000$1,501 - $3,000
$3,001-$4,500$3,001 - $4,500
$4,501-$6,000$4,501 - $6,000

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 2% in the last month and have decreased by 11% 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 $2,097. A 1-bedroom apartment in Downtown Waterloo, Waterloo, ON costs about $2,099 on average, while a 2-bedroom apartment is $2,450. Houses for rent in Downtown Waterloo, Waterloo, ON are cheaper, with an average monthly cost of $2,000.

Comparables

1 bedroom

$1,950

4%

11%

2 bedroom

$2,095

1%

17%

3 bedroom

$2,350

6%

1%

4 bedroom

$2,950

No Change

70%

Studio

$795

No Change

No Change

Studio

Average rent

$795

Last 30 days

No Change

Last year

No Change

1 bedroom

Average rent

$1,950

Last 30 days

4%

Last year

11%

2 bedroom

Average rent

$2,095

Last 30 days

1%

Last year

17%

3 bedroom

Average rent

$2,350

Last 30 days

6%

Last year

1%

4 bedroom

Average rent

$2,950

Last 30 days

No Change

Last year

70%

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$2,000
increased by3%

higher than the national median

Median rent price$1,925
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

$1,925

decreased by14%

Last year

Kw Hospital

$1,967

decreased by7%

Last year

Lakeshore

$1,950

increased by6%

Last year

Lincoln Heights

$1,984

decreased by3%

Last year

Uptown Waterloo

$2,087

decreased by3%

Last year

Uptown West

$1,962

decreased by17%

Last year

Apartments for rent in Brampton

Discover rentals in Downtown Waterloo, Waterloo, ON

MUST APPLY AT UWCORNER. COM - Photo 1 of 1

2d 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

Great Location! Private Rooms 4 Rent - Uptown Waterloo Free Wifi - Photo 1 of 1

3m ago

8.9

Very good

5 beds

2 baths

$595

Apartment for rent

Available Feb 25

MUST APPLY AT UWCORNER COM - Photo 1 of 1

2d 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

2d 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

APPLY AT UWCORNER. COM - Photo 1 of 1

2d 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

MyRez - Photo 1 of 1

8h ago

9.1

Excellent

MyRez

181 Lester Street, Waterloo, ON N2L 0C2

5 beds

3 baths

$700

Apartment for rent

Available Apr 25

King St. Towers - Tower 1 - Photo 1 of 1

8h ago

9.1

Excellent

King St. Towers - Tower 1

333 King Street North, Waterloo, ON N2J 2Z1

3 beds

3 baths

$700

Apartment for rent

Available May 1

253 - 253 Lester Street #2 - Photo 1 of 1

5d+ ago

Downtown Waterloo apartment for rent in Waterloo

LESTER (253) - 401 - Unit 2

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

5 beds

2 baths

$750

$700

Price drop

Apartment for rent

Available Sep 29