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Houses for Rent in Waterloo, ON

Showing results 1 - 30 of 609

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: December 05, 2025

8 Photos

199 Carriage Way, Waterloo, ON , MLS #X12600026 , Image - 1

Unit-BASEMENT, 199 Carriage Way Waterloo, ON MLS® X12600026

Residential Freehold (Detached)

$1900.0

2 Beds
1 Baths
2000-2500 sq-ft

LEGAL BASEMENT, SEPERATE ENTRANCE, Ready to move in IMMEDIATLY Don't miss out this unique newly renovated legal basement located in one of the most pr

8 Photos

275 Larch Street, Waterloo, ON , MLS #X12597858 , Image - 1

Unit-514, 275 Larch Street Waterloo, ON MLS® X12597858

Residential Condo & Other (Condo Apartment)

$1800.0

1 Beds
1 Baths
0-499 sq-ft

Fully furnished, vacant unit - move-in ready! Welcome to The Block community at 275 Larch Street, Unit #514, Building B, located in close proximity to

28 Photos

143 Ridge Road, Waterloo, ON , MLS #X12598720 , Image - 1

Unit-40, 143 Ridge Road Cambridge, Waterloo, ON MLS® X12598720

Residential Freehold (Att/Row/Townhouse)

$2400.0

2 Beds
3 Baths
1100-1500 sq-ft

Welcome to this bright and well-maintained 3-storey townhouse located in the sought-after Rivermill Community of Cambridge. This beautiful home featur

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131 Steeplechase Way Waterloo, ON MLS® X12573466

Residential Freehold (Detached)

$3600.0

4 Beds
3 Baths
2000-2500 sq-ft

Ready to Move in Detached home in the sought after neighbourhood of Waterloo, perfectly situated on a scenic Premium Ravine Lot Backing On Green Space

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741 King Street W, Waterloo, ON , MLS #X12389236 , Image - 1

Unit-603, 741 King Street W Kitchener, Waterloo, ON MLS® X12389236

Residential Condo & Other (Condo Apartment)

$1850.0

Reduced by 7.5%

1 Beds
1 Baths
600-699 sq-ft

Modern one-bedroom, one-bath condo located on the 6th floor of The Bright Condos. This sunlit unit offers a stylish and comfortable living space, with

4 Photos

33 Bute Street, Waterloo, ON , MLS #X12594022 , Image - 1

33 Bute Street North Dumfries, Waterloo, ON MLS® X12594022

Residential Freehold (Semi-Detached )

$1950.0

2 Beds
1 Baths
700-1100 sq-ft

Located in the charming community of AYR, this semi-detached home has lots of character! Offering 2 beds, 1 bath, and 1,040 sqft of living space. Offe

20 Photos

104 Garment Street, Waterloo, ON , MLS #X12588780 , Image - 1

Unit-1107, 104 Garment Street Kitchener, Waterloo, ON MLS® X12588780

Residential Condo & Other (Condo Apartment)

$1850.0

1 Beds
1 Baths
600-699 sq-ft

1 Bedroom, 1 Washroom, 1 Locker, Corner unit at One Hundred Condominium Building, Tower 2. Fridge, Stove, D/W, B/I Microwave Hood Fan,Washer and Dryer

43 Photos

886 Robert Ferrie Drive, Waterloo, ON , MLS #X12514532 , Image - 1

886 Robert Ferrie Drive Kitchener, Waterloo, ON MLS® X12514532

Residential Freehold (Att/Row/Townhouse)

$2800.0

3 Beds
3 Baths
1500-2000 sq-ft

Beautiful and modern executive freehold Townhome only 5 years old in the sought after Doon South area of Kitchener. Open Concept floor plan on Main Fl

15 Photos

139 Byron Avenue, Waterloo, ON , MLS #X12583344 , Image - 1

Unit-Lower, 139 Byron Avenue Kitchener, Waterloo, ON MLS® X12583344

Residential Freehold (Detached)

$2100.0

3 Beds
1 Baths
< 700 sq-ft

Bright and spacious newly renovated 3-bedroom, 1-bath basement unit available for rent in Kitchener! Conveniently located just minutes from shopping,

22 Photos

19 Saddlebrook Court, Waterloo, ON , MLS #X12546444 , Image - 1

19 Saddlebrook Court Kitchener, Waterloo, ON MLS® X12546444

Residential Freehold (Detached)

$3300.0

Reduced by 5.7%

4 Beds
3 Baths
2000-2500 sq-ft

Location, Location beautiful 4 bedroom House For Lease, Upgraded Kitchen With Upgraded Cabinets, Stainless Steel Appliances, Granite Countertop And Ba

38 Photos

60 Frederick Street, Waterloo, ON , MLS #X12579104 , Image - 1

Unit-3908, 60 Frederick Street Kitchener, Waterloo, ON MLS® X12579104

Residential Condo & Other (Condo Apartment)

$1750.0

1 Beds
1 Baths
0-499 sq-ft

Top floor unit with unobstructed views of downtown Kitchener. Enjoy smart home features, including a smart door lock, thermostat, and light switches,

12 Photos

30 Green Valley Drive, Waterloo, ON , MLS #X12433471 , Image - 1

Unit-9, 30 Green Valley Drive Kitchener, Waterloo, ON MLS® X12433471

Residential Condo & Other (Condo Townhouse)

$2600.0

3 Beds
3 Baths
2000-2249 sq-ft

Welcome to Village on the Green, set in Kitcheners highly desirable Pioneer Park/Doon area. This spacious and well-maintained 3-bedroom, 3-bathroom to

48 Photos

516 Beckview Crescent, Waterloo, ON , MLS #X12548444 , Image - 1

516 Beckview Crescent Kitchener, Waterloo, ON MLS® X12548444

Residential Freehold (Detached)

$3500.0

4 Beds
4 Baths
2000-2500 sq-ft

Welcome to this gorgeous 4 bedroom detached home in a highly desirable neighborhood of Kitchener. This home is built in 2022 by Heathwood Homes- almos

1 Photos

7 Swartz Street Kitchener, Waterloo, ON MLS® X12464984

Residential Freehold (Detached)

$3199.0

Reduced by 15.8%

4 +1 Beds
4 Baths
1500-2000 sq-ft

Welcome to 7 Swartz Street, Kitchener. This spacious home offers four bedrooms above grade and one in the finished basement, providing plenty of room

13 Photos

50 Pinnacle Drive, Waterloo, ON , MLS #X12514568 , Image - 1

Unit-36, 50 Pinnacle Drive Kitchener, Waterloo, ON MLS® X12514568

Residential Freehold (Att/Row/Townhouse)

$2700.0

Reduced by 3.6%

3 Beds
3 Baths
1100-1500 sq-ft

Freshly Professionally Painted, Professionally Carpet Shampooed, Large End Unit 3 Bedroom, 2.5 Bath Town In The Highly Sought After, Family Friendly C

16 Photos

50 Howe Drive, Waterloo, ON , MLS #X12556888 , Image - 1

Unit-1A, 50 Howe Drive Kitchener, Waterloo, ON MLS® X12556888

Residential Condo & Other (Condo Townhouse)

$2550.0

3 Beds
2 Baths
1400-1599 sq-ft

Welcome to 50 Howe Dr #1A. This well-appointed and tastefully updated townhouse offers a refined blend of modern finishes and functional living space.

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1460 Highland Road, Waterloo, ON , MLS #X12554658 , Image - 1

Unit-1F, 1460 Highland Road Kitchener, Waterloo, ON MLS® X12554658

Residential Condo & Other (Condo Townhouse)

$2350.0

3 Beds
2 Baths
1000-1199 sq-ft

This well-kept condo townhouse is a great find. The main floor offers an open concept layout with a spacious living area and a great kitchen with ampl

20 Photos

459 Equestrian Way, Waterloo, ON , MLS #X12525578 , Image - 1

459 Equestrian Way Cambridge, Waterloo, ON MLS® X12525578

Residential Freehold (Detached)

$4350.0

5 Beds
5 Baths
3000-3500 sq-ft

3471 Sqft 7 Years Old Home With 5-Bedrooms, 4.5 Bathrooms And Double Car Garage Available In Cambridge River Mills Area. Conveniently Located North Of

40 Photos

455 Guelph Avenue, Waterloo, ON , MLS #X12512604 , Image - 1

Unit-16, 455 Guelph Avenue Cambridge, Waterloo, ON MLS® X12512604

Residential Freehold (Att/Row/Townhouse)

$2999.0

4 Beds
3 Baths
1500-2000 sq-ft

Welcome Single family/Students/Working Professionals. Gorgeous Mattamy Built Freehold Town-HomeSuper Large Just ~ 1800 Sq. Ft End Unit Like A Semi Fea

28 Photos

205 West Oak Trail, Waterloo, ON , MLS #X12507622 , Image - 1

Unit-32, 205 West Oak Trail Kitchener, Waterloo, ON MLS® X12507622

Residential Condo & Other (Condo Townhouse)

$1850.0

1 Beds
1 Baths
800-899 sq-ft

West Oak Urban Towns Built By Reid's Heritage Home Featuring The Beautiful Unit. Brand New 1 Bedroom, 1 Bathroom Unit With A Modern And Open Concept D

9 Photos

101 Golden Eagle Road, Waterloo, ON , MLS #X12482329 , Image - 1

Unit-507, 101 Golden Eagle Road Waterloo, ON MLS® X12482329

Residential Condo & Other (Condo Apartment)

$1950.0

1 Beds
1 Baths
600-699 sq-ft

Discover this beautifully Partially furnished 1-bedroom condo located in the heart of Waterloo. Situated near Waterloo University, the GO train statio

38 Photos

104 Garment Street, Waterloo, ON , MLS #X12473667 , Image - 1

Unit-2109, 104 Garment Street Kitchener, Waterloo, ON MLS® X12473667

Residential Condo & Other (Condo Apartment)

$2650.0

2 Beds
2 Baths
900-999 sq-ft

104 Garment St Live, Work, Play in the Heart of Kitcheners Innovation District! Welcome to this upgraded 2-bedroom, 2-bath corner suite offering 933 s

23 Photos

78 Glenvista Drive, Waterloo, ON , MLS #X12461599 , Image - 1

78 Glenvista Drive Kitchener, Waterloo, ON MLS® X12461599

Residential Freehold (Att/Row/Townhouse)

$2600.0

3 Beds
3 Baths
1100-1500 sq-ft

Gorgeous Three bedroom, 2.5 washrooms. Mattamy built townhouse overlooking Pond/ Ravine, located in Huron Park. Main floor is open concept with large

12 Photos

301 Freure Drive, Waterloo, ON , MLS #X12458614 , Image - 1

301 Freure Drive Cambridge, Waterloo, ON MLS® X12458614

Residential Freehold (Detached)

$3200.0

4 Beds
3 Baths
2000-2500 sq-ft

Spacious and well-maintained 4-bedroom, 3-bathroom detached home in a desirable Cambridge neighborhood featuring a bright open-concept layout, modern

50 Photos

155 Equestrian Way

Unit-114, 155 Equestrian Way Cambridge, Waterloo, ON MLS® X12457696

Residential Freehold (Att/Row/Townhouse)

$2590.0

3 +1 Beds
2 Baths
1100-1500 sq-ft

Beautiful brand-new townhome for lease never lived in! This modern 3-storey home offers 3 spacious bedrooms, 2 bathrooms, and a bright open-concept l

17 Photos

60 Frederick Street, Waterloo, ON , MLS #X12450522 , Image - 1

Unit-2909, 60 Frederick Street Kitchener, Waterloo, ON MLS® X12450522

Residential Condo & Other (Condo Apartment)

$2250.0

2 Beds
2 Baths
700-799 sq-ft

Comes with a locker for extra storage and 1 parking, 2 Bed, 2 Full Baths, Unobstructed South West Views, 690 Sf+75 St Balcony, Modern Finishes: Quartz

15 Photos

10 PALACE Street, Waterloo, ON , MLS #X12450446 , Image - 1

Unit-A15, 10 PALACE Street Kitchener, Waterloo, ON MLS® X12450446

Residential Condo & Other (Condo Apartment)

$2250.0

2 +0 Beds
2 Baths
800-899 sq-ft

Welcome to A15 Palace Street! Main floor condo living that provides two good sized bedrooms and two full bathrooms. Located in the Laurentian Hills ar

19 Photos

139 Byron Avenue, Waterloo, ON , MLS #X12438103 , Image - 1

Unit-Upper, 139 Byron Avenue Kitchener, Waterloo, ON MLS® X12438103

Residential Freehold (Detached)

$2400.0

3 Beds
1 Baths
700-1100 sq-ft

Bright and spacious newly renovated 3-bedroom, 1-bath basement unit available for rent in Kitchener! Conveniently located just minutes from shopping,

5 Photos

18 Jardine Street, Waterloo, ON , MLS #X12416549 , Image - 1

Unit-Basement, 18 Jardine Street Cambridge, Waterloo, ON MLS® X12416549

Residential Freehold (Detached)

$1700.0

2 Beds
1 Baths
1100-1500 sq-ft

BASEMENT ON LEASE ** Bright & Spacious 2 bedrm basement apartment with 1 full bath, Largeliving, Kitchen and a breakfast area. 40% utilities to be sha

10 Photos

60 Frederick Street, Waterloo, ON , MLS #X12389070 , Image - 1

Unit-3314, 60 Frederick Street Kitchener, Waterloo, ON MLS® X12389070

Residential Condo & Other (Condo Apartment)

$2200.0

2 Beds
2 Baths
600-699 sq-ft

Welcome To Dtk Condo's/ Brand New Luxury Building In Downtown Kitchener With Breathtaking Views Of Downtown Kitchener & Waterloo. Featuring 2 Beds & 2

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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.

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?