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Houses for Rent in Waterloo, ON

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Discover an array of houses for rent in Waterloo on Square Yards Canada. Our comprehensive Waterloo rental listings cater to different needs, offering properties such as freeholds, condos, and townhouses. If you want to filter out your research for a less time-consuming process, our page gives you the option to choose your preferences. You can filter by price range, property size, number of bedrooms and bathrooms, and amenities like gyms and visitor parking. Explore the latest rental MLS listings in Waterloo to find your ideal rental house. Start your search today and uncover the best homes for rent in Waterloo.

Last Updated: April 28, 2025

49 Photos

455 Havendale Crescent Waterloo, ON MLS® 40722159

Residential Lease (Single Family Residence)

$3,500

3 Beds
3 Baths
1771 sq-ft

Bright and spacious family home in the desirable Laurelwood neighbourhood, abundance of living space for your family here. You are a spacious entrance

1 Photos

Unit-404, 101 Golden Eagle Road Waterloo, ON MLS® 40715470

Residential Lease (Condo/Apartment Unit)

$2,200

1 Beds
1 Baths
625 sq-ft

A Spacious, Bright, Corner 1 Bedroom 1 Den Apartment Available for Lease. Welcome to Jake Condos In North Waterloo's Lakeshore Neighbourhood! Footstep

28 Photos

12 Roper Place, Waterloo, ON , MLS #40720843 , Image - 1

12 Roper Place Kitchener, Waterloo, ON MLS® 40720843

Residential Lease (Single Family Residence)

$2,765

3 Beds
3 Baths
1489 sq-ft

Modern, Bright, Open Concept, and Spacious! This impressive 3 bedroom, 3 Bathroom townhome in a beautiful three-year-old complex in Huron Park! The ma

17 Photos

6 Pinedale Drive, Waterloo, ON , MLS #40716329 , Image - 1

Unit-B, 6 Pinedale Drive Kitchener, Waterloo, ON MLS® 40716329

Residential Lease (Single Family Residence)

$1,850

2 Beds
1 Baths
740 sq-ft

Location Location Location, close to all amenities, Sunrise Mall, Supermarkets, Transportation, Pizza etc. Bright and Spacious carpet free two bedroom

39 Photos

60 Obermeyer Drive, Waterloo, ON , MLS #40722018 , Image - 1

60 Obermeyer Drive Kitchener, Waterloo, ON MLS® 40722018

Residential Lease (Row/Townhouse)

$3,200

3 Beds
2 Baths
1780 sq-ft

This stylish townhome gives off those perfect AIRBNB VIBES, offering a FULLY FURNISHED HOME WITH ALL HOUSEHOLD ESSENTIALS INCLUDED —from cozy bedsheet

34 Photos

408 Dundas Street S, Waterloo, ON , MLS #40722157 , Image - 1

Unit-103, 408 Dundas Street S Cambridge, Waterloo, ON MLS® 40722157

Residential Lease (Condo/Apartment Unit)

$2,300

2 Beds
2 Baths
743 sq-ft

Welcome to 103 - 408 Dundas St S! This stunning 2-bedroom, 2-bathroom main-floor unit offers modern living in a newly built development. Thoughtfully

24 Photos

124 Compass Trail, Waterloo, ON , MLS #40717270 , Image - 1

Unit-84, 124 Compass Trail Cambridge, Waterloo, ON MLS® 40717270

Residential Lease (Row/Townhouse)

$2,650

2 Beds
2 Baths
1350 sq-ft

For lease in the highly sought-after River Mill community is this stunning back-to-back corner townhouse offering modern, open-concept living across t

2 Photos

133 Weber Street N, Waterloo, ON , MLS #40711130 , Image - 1

Unit-1B, 133 Weber Street N Waterloo, ON MLS® 40711130

Commercial Lease (Retail,Building Only)

Price On Request

1255 sq-ft

1,255 sq. ft. retail unit available in Waterloo plaza with street front visibility, parking and signage. Ideal uses include hair/nail/beauty/tanning s

23 Photos

511 Strasburg Road, Waterloo, ON , MLS #40722051 , Image - 1

Unit-2, 511 Strasburg Road Kitchener, Waterloo, ON MLS® 40722051

Residential Lease (Condo/Apartment Unit)

$2,200

2 Beds
1 Baths
1754 sq-ft

Presented with style and care - WELCOME HOME to this beautifully renovated lowerunit in desirable Alpine Village! Be the first to live in this update

30 Photos

35 Green Valley Drive, Waterloo, ON , MLS #40721467 , Image - 1

Unit-703, 35 Green Valley Drive Kitchener, Waterloo, ON MLS® 40721467

Residential Lease (Condo/Apartment Unit)

$2,200

2 Beds
2 Baths
1010 sq-ft

Available June 1st! Corner unit overlooking the forest. Beautiful tree-lined view from the 7th floor. Spacious two bedrooms and two bathroom unit - ov

25 Photos

128 King Street N, Waterloo, ON , MLS #40709499 , Image - 1

Unit-1405, 128 King Street N Waterloo, ON MLS® 40709499

Residential Lease (Condo/Apartment Unit)

$1,850

1 Beds
1 Baths
540 sq-ft

Located Uptown Waterloo! Fully furnished and move in ready! This luxury 2022 one bedroom, one bathroom condo offers easy access living to any amenity

25 Photos

51 Sparrow Avenue, Waterloo, ON , MLS #40712015 , Image - 1

Unit-84, 51 Sparrow Avenue Cambridge, Waterloo, ON MLS® 40712015

Residential Lease (Row/Townhouse)

$2,750

Reduced by 3.5%

4 Beds
3 Baths
1658 sq-ft

Discover contemporary living at its finest with this beautiful 3 story, freehold townhouse located in the desirable Branchton Park neighborhood in Cam

31 Photos

30 Sienna Street, Waterloo, ON , MLS #40716051 , Image - 1

Unit-B, 30 Sienna Street Kitchener, Waterloo, ON MLS® 40716051

Residential Lease (Row/Townhouse)

$2,200

2 Beds
2 Baths
1074 sq-ft

***Exceptional stackable townhouse for Lease with two bedrooms, two bathrooms, two balconies and much more !*** Step inside this beautifully spacious

34 Photos

155 Thomas Slee Drive, Waterloo, ON , MLS #40713314 , Image - 1

Unit-1D, 155 Thomas Slee Drive Kitchener, Waterloo, ON MLS® 40713314

Residential Lease (Row/Townhouse)

$2,400

2 Beds
2 Baths
1184 sq-ft

Welcome to this well-designed condo in the desirable Doon neighbourhood. Offering 10-foot ceilings and a clean, neutral interior, this home provides a

6 Photos

345 King Street W, Waterloo, ON , MLS #40524066 , Image - 1

Unit-Flrs 2-4, 345 King Street W Kitchener, Waterloo, ON MLS® 40524066

Commercial Lease (Office,Building Only)

Price On Request

67136 sq-ft

Elevate your business to new heights by making the strategic move to this premier purpose built "A" class office building centrally located in Downtow

6 Photos

345 King Street W, Waterloo, ON , MLS #40524067 , Image - 1

Unit-Flrs 3 & 4, 345 King Street W Kitchener, Waterloo, ON MLS® 40524067

Commercial Lease (Office,Building Only)

Price On Request

51194 sq-ft

Elevate your business to new heights by making the strategic move to this premier purpose built "A" class office building centrally located in Downtow

6 Photos

345 King Street W, Waterloo, ON , MLS #40524069 , Image - 1

Unit-Flr 2/3, 345 King Street W Kitchener, Waterloo, ON MLS® 40524069

Commercial Lease (Office,Building Only)

Price On Request

41533 sq-ft

Elevate your business to new heights by making the strategic move to this premier purpose built "A" class office building centrally located in Downtow

6 Photos

345 King Street W, Waterloo, ON , MLS #40524071 , Image - 1

Unit-200/Flr 3, 345 King Street W Kitchener, Waterloo, ON MLS® 40524071

Commercial Lease (Office,Building Only)

Price On Request

36102 sq-ft

Elevate your business to new heights by making the strategic move to this premier purpose built "A" class office building centrally located in Downtow

6 Photos

345 King Street W, Waterloo, ON , MLS #40524073 , Image - 1

Unit-203, 345 King Street W Kitchener, Waterloo, ON MLS® 40524073

Commercial Lease (Office,Building Only)

Price On Request

2007 sq-ft

Elevate your business to new heights by making the strategic move to this premier purpose built "A" class office building centrally located in Downtow

6 Photos

345 King Street W, Waterloo, ON , MLS #40524072 , Image - 1

Unit-201, 345 King Street W Kitchener, Waterloo, ON MLS® 40524072

Commercial Lease (Office,Building Only)

Price On Request

10511 sq-ft

Elevate your business to new heights by making the strategic move to this premier purpose built "A" class office building centrally located in Downtow

6 Photos

345 King Street W, Waterloo, ON , MLS #40524074 , Image - 1

Unit-204, 345 King Street W Kitchener, Waterloo, ON MLS® 40524074

Commercial Lease (Office,Building Only)

Price On Request

3424 sq-ft

Elevate your business to new heights by making the strategic move to this premier purpose built "A" class office building centrally located in Downtow

6 Photos

345 King Street W, Waterloo, ON , MLS #40524075 , Image - 1

Unit-300, 345 King Street W Kitchener, Waterloo, ON MLS® 40524075

Commercial Lease (Office,Building Only)

Price On Request

25591 sq-ft

Elevate your business to new heights by making the strategic move to this premier purpose built "A" class office building centrally located in Downtow

6 Photos

345 King Street W, Waterloo, ON , MLS #40524076 , Image - 1

Unit-400, 345 King Street W Kitchener, Waterloo, ON MLS® 40524076

Commercial Lease (Office,Building Only)

Price On Request

25603 sq-ft

Elevate your business to new heights by making the strategic move to this premier purpose built "A" class office building centrally located in Downtow

11 Photos

5 Mulberry Lane, Waterloo, ON , MLS #40705854 , Image - 1

Unit-Lower, 5 Mulberry Lane Waterloo, ON MLS® 40705854

Residential Lease (Single Family Residence)

$1,650

Reduced by 5.7%

1 Beds
1 Baths
651 sq-ft

Tucked just off Erb Street West, 5 Mulberry Ln offers a perfect blend of privacy and convenience. Located near the University of Waterloo, Wilfrid Lau

50 Photos

15 Wellington Street S, Waterloo, ON , MLS #40707259 , Image - 1

Unit-509, 15 Wellington Street S Kitchener, Waterloo, ON MLS® 40707259

Residential Lease (Condo/Apartment Unit)

$2,350

Reduced by 6.0%

2 Beds
2 Baths
853.55 sq-ft

Come see this new, high-end condominium on the fifth floor of Station Park in Tower 2. The modern kitchen features stainless steel appliances, ample c

46 Photos

301 Westmount Road W, Waterloo, ON , MLS #40683903 , Image - 1

Unit-203, 301 Westmount Road W Kitchener, Waterloo, ON MLS® 40683903

Residential Lease (Condo/Apartment Unit)

$2,375

2 Beds
2 Baths
788 sq-ft

****SPECIAL LIMITED TIME PROMOTION ONE MONTH FREE RENT ON ANY NEW LEASES SIGNED BY APRIL 30TH****Welcome to this beautiful brand-new apartment buildin

Open House : Sun May 04, 01:00 PM to 03:00 PM

25 Photos

60 Charles Street, Waterloo, ON , MLS #40721808 , Image - 1

Unit-2709, 60 Charles Street Kitchener, Waterloo, ON MLS® 40721808

Residential Lease (Condo/Apartment Unit)

$1,900

1 Beds
1 Baths
550 sq-ft

This 1 bedroom condo is located in the highly sought-after Charlie West building, known for its modern design and excellent amenities. Inside the cond

22 Photos

83 Burbank Road, Waterloo, ON , MLS #40722095 , Image - 1

Unit-2, 83 Burbank Road Kitchener, Waterloo, ON MLS® 40722095

Residential Lease (Single Family Residence)

$2,500

3 Beds
1 Baths
2073 sq-ft

Welcome to 83 Burbank Road, a beautifully maintained 3 bedroom, 1 bath unit perfect for comfortable, spacious living. Freshly painted and absolutely s

44 Photos

60 Frederick Street, Waterloo, ON , MLS #40720701 , Image - 1

Unit-3203, 60 Frederick Street Kitchener, Waterloo, ON MLS® 40720701

Residential Lease (Condo/Apartment Unit)

$2,100

1 Beds
1 Baths
624 sq-ft

Welcome to Unit 3203 at 60 Frederick Street—downtown living with serious views. Perched on the 32nd floor, this 1-bedroom + den condo features floor-t

13 Photos

741 King Street, Waterloo, ON , MLS #40721632 , Image - 1

Unit-1204, 741 King Street Kitchener, Waterloo, ON MLS® 40721632

Residential Lease (Condo/Apartment Unit)

$1,650

1 Beds
1 Baths
553 sq-ft

Welcome to The Bright - Kitchener's newest condo development. This high-tech condo with heated bathroom flooring, custom closets & airy ceiling, is th

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Property for Lease in Waterloo Overview

Waterloo Real Estate For Rent

As of November 2024, the rental market in Waterloo, Ontario, is defined by high demand and low vacancy rates, driven by the city's thriving tech industry and the presence of two major universities. The median rent across all property types and bedroom counts is approximately $2,100 per month, reflecting an 8% decrease compared to the previous year. Studio apartments rent for around $1,422 per month, while one-bedroom units average $1,921, two-bedroom units $2,224, and three-bedroom units $2,648. Downtown Waterloo's average rent is $1,835, a notable 17% decrease from the previous year, while Uptown Waterloo commands higher rents due to its premium location and high occupancy rates.

Despite the overall decline in rent, affordability remains a challenge, with less than 5% of rental units accessible to those in the lowest income quintile. The vacancy rate for purpose-built rentals is at a historic low, underscoring the tight conditions of the rental market. Renters face competitive conditions, particularly in desirable neighbourhoods like Uptown Waterloo, as non-shelter inflation continues to limit purchasing power.

Average Rental Price by Property Size in Waterloo

Average rental price in Waterloo by property size has witnessed slight ups and downs over the past months. The average rental price in Waterloo for a studio apartment has decreased by 13% from last year. Similarly, the rental price for a 1 BHK apartment decreased by 2% and 8% for a 2 BHK. Meanwhile, the average rental price for 3 BHK apartments saw a slight dip of 1%. The rental price of 4 BHK apartments is lower by 38%. Below are the average rental prices for each property size:

Property Size	Average Rent
1 Bedroom	$1,841
2 Bedroom	$2,364
3 Bedroom	$2,671
4 Bedroom	$1,521
Studio	$1,086

Top Neighbourhood with Best Rentals in Waterloo

The top neighbourhood, along with the best rental in Waterloo, is mentioned below:

Lincoln Heights: Situated just west of the Conestoga Parkway, Lincoln Heights provides excellent highway access, making it ideal for commuters. This residential area features older, detached homes and community amenities like the Moses Springer Community Centre and several parks.

Eastbridge: Located in northeastern Waterloo, Eastbridge is known for its proximity to the ION light rail, offering rapid transit options for residents. The neighbourhood boasts modern housing and is well-connected to the city's public transportation network.

Uptown Waterloo: This vibrant urban centre features a mix of residential and commercial properties. Residents enjoy access to shopping, dining, and entertainment venues, and higher occupancy rates reflect its desirability.

Beechwood: Known for its suburban charm, Beechwood offers a family-friendly environment with access to quality schools and recreational facilities. The neighbourhood provides a tranquil setting while remaining close to urban amenities.

Columbia Forest: This neighbourhood is popular among families and professionals. It offers a range of rental properties and access to parks and trails. Its community-oriented atmosphere makes it a sought-after area for renters.

Rental Average Price History in Waterloo

As of December 2024, the average apartment rent in Waterloo was C$1,921 per month, a 2.9% rise from last year. Rental costs differ by unit type: one-bedroom apartments average C$1,814, two-bedrooms are around C$2,374, and three-bedrooms reach approximately C$2,648. Houses typically cost more, with an average monthly rent of C$2,539.

Over the last decade, rental prices have steadily climbed. A two-bedroom unit, for instance, was C$951 in October 2013 but reached C$1,637 by October 2023. This upward trend is driven by factors like population growth, economic expansion, and limited housing supply, reflecting a robust demand for rentals in the city. Staying updated on these dynamics is vital for anyone navigating Waterloo’s rental market.

Best Areas / Communities for Rental Properties in Waterloo

Check out the below-mentioned localities to know more about the best areas for rental properties in Waterloo:

Laurelwood
Laurier
Beechwood
Westmount
Maple Hills
Westvale
Rummelhardy
Lakeshore Village

Pet-Friendly Rental Homes Options in Waterloo

Waterloo is an awe-inspiring architectural city which welcomes all types of tenants and homebuyers with different budgets and preferences. Talking about preferences, it is salient to get a better understanding of if the property you are planning to rent out is a pet-friendly space or not. However, most of the rental properties in Waterloo are pet friendly and help to stay with your most precious companion hassle-free. It is recommended to do prior research to avoid complications at the moment of your shift.

Rental Demographics

The population of Waterloo was recorded at 121,435 in 202, with an average age of 39.2. Notably, individuals aged 15 to 24 constitute the largest age group, comprising 18.4% of residents. The presence of universities significantly influences this youthful demographic, contributing to a substantial student-renter population.

In terms of household composition, Waterloo has 47,040 households, with an average size of 2.5 persons. Approximately 38.7% of these households are renter-occupied, indicating a considerable demand for rental accommodations.

The data below shows the renter household incomes via family type from their average and median household income to average rent and utilities:

Family Type	Average Renter Household Income	Median Renter Household Income	Average Household Rent and Utilities
Couple with Kids	CAD 71,622	CAD 67,268	CAD 1,127
Couple Without Kids	CAD 64,452	CAD 58,311	CAD 937
Male Singles with Kids	CAD 40,036	CAD 37,588	CAD 1,129
Female Single with Kids	CAD 34,758	CAD 32,810	CAD 1,020

The table below consists of information regarding the number of renter households by Indigenous identity, from their average and median household income to average rent and utilities:

Indigenous Type	Average Renter Household Income	Median Renter Household Income	Average Household Rent and Utilities
Indigenous	CAD 60,437	CAD 43,299	CAD 1,119
Non - Indigenous	CAD 53,956	CAD 43,272	CAD 1,148

...

Frequently Asked Questions (FAQs)

As of November 2024, the average monthly rent for an apartment in Waterloo, Ontario, was approximately $2,060. One-bedroom apartments average around $1,814 per month, while two-bedroom units are about $2,374. Rental houses tend to be more expensive, with an average monthly cost of $2,539.

To rent a property in Waterloo, tenants need proof of identity (e.g., driver’s license or passport), proof of income (pay stubs or bank statements), a credit report, a completed rental application, and references from previous landlords or personal contacts.

In Waterloo, the average monthly rent for a two-bedroom house is approximately $2,374, while a three-bedroom house averages around $2,648 per month.

In Waterloo, Ontario, the average sizes of rental properties vary by type: studio apartments are approximately 392 square feet, one-bedroom apartments around 552 square feet, two-bedroom apartments about 863 square feet, and three-bedroom apartments approximately 1,110 square feet. These averages may vary depending on specific properties and locations.

Yes, the rental listing in Square Yards is brokerage-free. For further queries, visit the official website of Square Yards.

In Ontario, landlords can increase the rent once every 12 months, provided they give tenants at least 90 days' written notice. The allowable rent increase is subject to provincial guidelines set annually. Know more about rental increase in Canada

Yes, renting a property for a one-year term is common in Waterloo. Lease agreements often specify a fixed term, such as one year, after which they may transition to a month-to-month arrangement or be renewed for another fixed term, depending on the agreement between the landlord and tenant.

Waterloo offers a variety of rental options, including studio apartments, one-bedroom apartments, two-bedroom apartments, three-bedroom apartments, townhouses, and detached houses.

As of November 2024, the average monthly rent for a condo in Waterloo is approximately $1,950.

Rental prices for townhouses in Waterloo vary based on factors such as size, location, and amenities. For instance, a three-bedroom townhouse can cost between $2,500 and over $3,000 per month.

Related to your search

Municipalities in Waterloo

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Bedroom Types Available in Waterloo

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Houses for Rent in Waterloo, ON

Property for Lease in Waterloo Overview

Waterloo Real Estate For Rent

Average Rental Price by Property Size in Waterloo

Top Neighbourhood with Best Rentals in Waterloo

Rental Average Price History in Waterloo

Best Areas / Communities for Rental Properties in Waterloo

Pet-Friendly Rental Homes Options in Waterloo

Rental Demographics

Frequently Asked Questions (FAQs)

How much is the monthly rental price range in Waterloo?

What are the legal documents required to rent in Waterloo?

What is the rental price range for a 2- and 3-bedroom house in Waterloo?

What is the average space of a rental house in Waterloo?

Is rental listing in Square Yards brokerage free in Waterloo?

How frequently can a landlord raise the rent in Waterloo?

Can I rent a property in Waterloo for 1 year?

What bedroom types are available for rent in Waterloo?

How much does a condo rent cost in Waterloo?

How much does a townhouse rental in Waterloo cost?

Municipalities in Waterloo

Property Types Available in Waterloo

Bedroom Types Available in Waterloo

Properties By Budget in Waterloo