What's the average rent in Waterloo, ON?

Rental Market Trends in Waterloo, ON

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Waterloo, ON is $1,800 per month, which is 8% lower than the national average rent of $1,965 per month.

AVERAGE RENT

$1,800

-2.7%-$50 decrease month-over-month

-10.7%-$215 decrease year-over-year

AVAILABLE RENTALS

423

APARTMENTS

$1,614

HOUSES

$2,895

TOWNHOUSES

$2,300

As of August 2026, apartments are the most affordable rental option in Waterloo, ON at $1,614 per month, while houses are the most expensive at $2,895 per month. Townhomes average $2,300 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,100
2 Bedrooms	$2,150
3 Bedrooms	$2,650
4 Bedrooms	$2,400
All	$1,800

As of August 2026, the average rent for a 1 bedroom rental in Waterloo, ON is $1,100 per month, followed by $2,150 for a 2 bedroom rental, $2,650 for a 3 bedroom rental, and $2,400 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,500
2 Bedrooms	$2,100
3 Bedrooms	$2,890
4 Bedrooms	$2,700
All	$2,300

As of August 2026, the average rent for a 1 bedroom townhome in Waterloo, ON is $1,500 per month, followed by $2,100 for a 2 bedroom townhome, $2,890 for a 3 bedroom townhome, and $2,700 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$795
2 Bedrooms	$2,167
3 Bedrooms	$2,356
4 Bedrooms	$950
All	$1,795

As of August 2026, the average rent for a 1 bedroom apartment in Waterloo, ON is $795 per month, followed by $2,167 for a 2 bedroom apartment, $2,356 for a 3 bedroom apartment, and $950 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$760
2 Bedrooms	—
3 Bedrooms	$2,733
4 Bedrooms	$3,000
All	$2,895

As of August 2026, the average rent for a 1 bedroom house in Waterloo, ON is $760 per month, followed by $2,733 for a 3 bedroom house, and $3,000 for a 4 bedroom house.