Bedroom count

Property type

Last updated on January 17, 2026

Average rent in
Downtown Waterloo, Waterloo, ON

Last updated on January 17, 2026

Last updated on January 17, 2026

Bedroom count

Property type

As of January 2026, the median rent for all bedroom counts and property types in Downtown Waterloo, Waterloo, ON is $1,849. This is -3%, or $51, lower than the national average.

$3.78

average price per square foot

Median rent

$1,849

decreased by6%
over the previous yearvs previous year

Total rentals

64

for rent on Zumper.com

As of January 2026, the median rent for all bedroom counts and property types in Downtown Waterloo, Waterloo, ON is $1,849. This is -3%, or $51, lower than the national average.

$3.78

average price per square foot

Rent ranges

45%
53%
2%
$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 decreased by 5% in the last month and have decreased by 7% 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 $1,825. A 1-bedroom apartment in Downtown Waterloo, Waterloo, ON costs about $1,805 on average, while a 2-bedroom apartment is $2,219. Houses for rent in Downtown Waterloo, Waterloo, ON are more expensive, with an average monthly cost of $1,970.

Comparables

1 bedroom

$1,749

2%

9%

2 bedroom

$2,000

No Change

4%

3 bedroom

$2,450

1%

14%

4 bedroom

$825

1%

8%

Studio

$795

3%

3%

Studio

Average rent

$795

Last 30 days

3%

Last year

3%

1 bedroom

Average rent

$1,749

Last 30 days

2%

Last year

9%

2 bedroom

Average rent

$2,000

Last 30 days

No Change

Last year

4%

3 bedroom

Average rent

$2,450

Last 30 days

1%

Last year

14%

4 bedroom

Average rent

$825

Last 30 days

1%

Last year

8%

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$1,849
decreased by3%

lower than the national median

Median rent price$2,000
increased by5%

higher than the national median

Takeaway

The median rent for all rentals in Downtown Waterloo, Waterloo, ON is 8% lower 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

$2,000

Flat

Last year

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$2,095

increased by3%

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Lakeshore

$1,965

Flat

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Lincoln Heights

$1,999

increased by4%

Last year

Uptown Waterloo

$1,837

decreased by8%

Last year

Uptown West

$2,015

increased by5%

Last year

Apartments for rent in Brampton

Discover rentals in Downtown Waterloo, Waterloo, ON

MUST APPLY AT UWCORNER. COM - Photo 1 of 1

3d 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

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

$650

Apartment for rent

Available Nov 1

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

13h 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

13h ago

8.8

Very good

Columbia

45 Columbia St W, Waterloo, ON N2L 3K4

5 beds

2 baths

$749

Apartment for rent

253 - 253 Lester Street #3 - Photo 1 of 1

5d+ ago

Downtown Waterloo apartment for rent in Waterloo

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

5 beds

2 baths

$750

Apartment for rent

Available Oct 10

Westcourt Pl & Westmount Rd N - Photo 1 of 1
Income restricted

5d+ ago

Downtown Waterloo townhouse for rent in Waterloo

House for rent

Available May 1

Sixty Two - Photo 1 of 1

4d ago

8.8

Very good

Sixty Two

62 University Ave E, Waterloo, ON N2J 2V8

5 beds

2 baths

$825

Apartment for rent

271 Lester St #1 - Photo 1 of 1

5d+ ago

Downtown Waterloo townhouse for rent in Waterloo

House for rent

Available Sep 1