What's the average rent in Waterloo, ON?

Rental Market Trends in Waterloo, ON

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Waterloo, ON is $1,906 per month, which is 2% lower than the national average rent of $1,948 per month.

AVERAGE RENT

$1,906

0.3%$7 increase month-over-month

-4.7%-$94 decrease year-over-year

AVAILABLE RENTALS

355

APARTMENTS

$2,079

HOUSES

$3,050

TOWNHOUSES

$2,200

As of September 2026, apartments are the most affordable rental option in Waterloo, ON at $2,079 per month, while houses are the most expensive at $3,050 per month. Townhomes average $2,200 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,535
2 Bedrooms	$2,095
3 Bedrooms	$2,600
4 Bedrooms	$2,799
All	$1,906

As of September 2026, the average rent for a 1 bedroom rental in Waterloo, ON is $1,535 per month, followed by $2,095 for a 2 bedroom rental, $2,600 for a 3 bedroom rental, and $2,799 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,450
2 Bedrooms	$2,000
3 Bedrooms	$2,800
4 Bedrooms	$2,939
All	$2,200

As of September 2026, the average rent for a 1 bedroom townhome in Waterloo, ON is $1,450 per month, followed by $2,000 for a 2 bedroom townhome, $2,800 for a 3 bedroom townhome, and $2,939 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$795
2 Bedrooms	$2,100
3 Bedrooms	$2,500
4 Bedrooms	$950
All	$1,792

As of September 2026, the average rent for a 1 bedroom apartment in Waterloo, ON is $795 per month, followed by $2,100 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	$700
2 Bedrooms	—
3 Bedrooms	$2,978
4 Bedrooms	$3,000
All	$3,050

As of September 2026, the average rent for a 1 bedroom house in Waterloo, ON is $700 per month, followed by $2,978 for a 3 bedroom house, and $3,000 for a 4 bedroom house.