What's the average rent in Waterloo, ON?

Rental Market Trends in Waterloo, ON

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Waterloo, ON is $1,900 per month, which is 2% lower than the national average rent of $1,932 per month.

AVERAGE RENT

$1,900

-2.6%-$50 decrease month-over-month

-5.0%-$100 decrease year-over-year

AVAILABLE RENTALS

335

APARTMENTS

$2,016

HOUSES

$3,000

TOWNHOUSES

$2,250

As of November 2026, apartments are the most affordable rental option in Waterloo, ON at $2,016 per month, while houses are the most expensive at $3,000 per month. Townhomes average $2,250 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,495
2 Bedrooms	$2,000
3 Bedrooms	$2,500
4 Bedrooms	$2,600
All	$1,900

As of November 2026, the average rent for a 1 bedroom rental in Waterloo, ON is $1,495 per month, followed by $2,000 for a 2 bedroom rental, $2,500 for a 3 bedroom rental, and $2,600 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$750
2 Bedrooms	$1,900
3 Bedrooms	$2,800
4 Bedrooms	$2,595
All	$2,250

As of November 2026, the average rent for a 1 bedroom townhome in Waterloo, ON is $750 per month, followed by $1,900 for a 2 bedroom townhome, $2,800 for a 3 bedroom townhome, and $2,595 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$795
2 Bedrooms	$2,034
3 Bedrooms	$2,500
4 Bedrooms	$950
All	$1,754

As of November 2026, the average rent for a 1 bedroom apartment in Waterloo, ON is $795 per month, followed by $2,034 for a 2 bedroom apartment, $2,500 for a 3 bedroom apartment, and $950 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,800
2 Bedrooms	$1,600
3 Bedrooms	$2,795
4 Bedrooms	$3,000
All	$3,000

As of November 2026, the average rent for a 1 bedroom house in Waterloo, ON is $1,800 per month, followed by $1,600 for a 2 bedroom house, $2,795 for a 3 bedroom house, and $3,000 for a 4 bedroom house.