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Houses for Rent in Waterloo, ON

Showing results 1 - 30 of 480

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: September 25, 2026

27 Photos

143 Elgin Crescent Waterloo, ON MLS® X13701370

Residential Freehold (Detached)

$2950.0

Reduced by 7.8%

4 +1 Beds
2 Baths
1100-1500 sq-ft

Welcome to 143 Eglin Crescent, a beautifully renovated home nestled in a quiet, family-friendly Waterloo neighbourhood. This bright and inviting resid

20 Photos

70 Prince Philip Boulevard, Waterloo, ON , MLS #X13829422 , Image - 1

70 Prince Philip Boulevard North Dumfries, Waterloo, ON MLS® X13829422

Residential Freehold (Detached)

$3500.0

5 Beds
4 Baths
3000-3500 sq-ft

Welcome to 70 Prince Philip Boulevard, an exceptional executive family home nestled in the charming village of Ayr. Built only a few years ago and off

20 Photos

124 Church Street, Waterloo, ON , MLS #X13829150 , Image - 1

Unit-2, 124 Church Street Kitchener, Waterloo, ON MLS® X13829150

Residential Freehold (Detached)

$2400.0

4 Beds
2 Baths
1500-2000 sq-ft

Welcome to this fully renovated Duplex in vibrant downtown Kitchener - 2nd unit features 4 spacious bedrooms and 2 modern bathrooms. Located just step

36 Photos

173 Mayberry Court Waterloo, ON MLS® X13793252

Residential Freehold (Detached)

$2850.0

3 Beds
3 Baths
1500-2000 sq-ft

This 3 Bedroom, 3 Bedroom Home On A Pie Shaped Lot Measures Over 1800 Square Feet Is Situated At The End Of Tree-Lined Court In Colonial Acres. You Wi

9 Photos

40 Pleasant Avenue, Waterloo, ON , MLS #X13828684 , Image - 1

40 Pleasant Avenue Kitchener, Waterloo, ON MLS® X13828684

Residential Freehold (Detached)

$2499.0

3 Beds
1 Baths
1100-1500 sq-ft

LOCATION, COMFORT & CHARM! Welcome to this beautifully maintained 3-bedroom home, ideally located just steps from St. Mary's Hospital. Perfect for sma

1 Photos

Unit-1311, 30 Francis Street Kitchener, Waterloo, ON MLS® X13820110

Residential Condo & Other (Condo Apartment)

$1850.0

1 Beds
1 Baths
500-599 sq-ft

Experience elevated downtown living at TEK Tower, 30 Francis Street S, in the heart of Kitchener. This sophisticated 1-bedroom + den, 1-bathroom resid

20 Photos

60 Frederick Street, Waterloo, ON , MLS #X13828520 , Image - 1

Unit-2802, 60 Frederick Street Kitchener, Waterloo, ON MLS® X13828520

Residential Condo & Other (Condo Apartment)

$2000.0

2 Beds
2 Baths
600-699 sq-ft

For rent: a two (2) bedroom and two (2) washrooms (4 - piece), north-east-facing apartment at the heart of downtown Kitchener. Clean and spacious, all

50 Photos

345 Old Stone Road Waterloo, ON MLS® X13828448

Residential Freehold (Detached)

$5995.0

3 +2 Beds
3 Baths
2000-2500 sq-ft

FOR LEASE - Exceptional Colonial Acres Bungalow! Welcome to this stunning bungalow offering over 4,000 sq. ft. of finished living space on a beautiful

16 Photos

85 Duke Street W, Waterloo, ON , MLS #X13827992 , Image - 1

Unit-403, 85 Duke Street W Kitchener, Waterloo, ON MLS® X13827992

Residential Condo & Other (Condo Apartment)

$1800.0

1 Beds
1 Baths
500-599 sq-ft

Welcome to City Centre Condos, an upscale luxury residence in the heart of Downtown Kitchener's vibrant Innovation District! This bright and stylish *

18 Photos

237 Auburn Drive, Waterloo, ON , MLS #X13822054 , Image - 1

Unit-304, 237 Auburn Drive Waterloo, ON MLS® X13822054

Residential Freehold (Multiplex)

$2195.0

2 Beds
2 Baths
700-1100 sq-ft

Welcome to 237 Auburn Dr unit 304, where comfort and convenience come together in this beautifully designed apartment in Waterloo. Perfect for familie

16 Photos

274 Erb Street W, Waterloo, ON , MLS #X13822040 , Image - 1

Unit-610, 274 Erb Street W Waterloo, ON MLS® X13822040

Residential Freehold (Multiplex)

$2055.0

2 Beds
1 Baths
700-1100 sq-ft

BIG BONUS**** 1 MONTH RENT FREE(2nd Month) + Discounted Covered Parking(Only $20/month) for the first 6 months(Regular $110/month), that's $2,595 in

15 Photos

593 Strasburg Road, Waterloo, ON , MLS #X13822046 , Image - 1

Unit-705, 593 Strasburg Road Kitchener, Waterloo, ON MLS® X13822046

Residential Freehold (Multiplex)

$1795.0

2 Beds
1 Baths
< 700 sq-ft

BIG BONUS**** Discounted Covered Parking(Only $20/month) for the first 6 months(Regular $110/month), that's $540 in savings! Welcome to 593 Strasburg

12 Photos

736 Old Albert Street, Waterloo, ON , MLS #X13822044 , Image - 1

Unit-115, 736 Old Albert Street Waterloo, ON MLS® X13822044

Residential Freehold (Multiplex)

$1695.0

1 Beds
1 Baths
< 700 sq-ft

BIG BONUS**** 1 MONTH RENT FREE(2nd Month) + Discounted Covered Parking(Only $20/month) for the first 6 months(Regular $110/month), that's $2,235 in

1 Photos

Unit-139, 10 Birmingham Drive Cambridge, Waterloo, ON MLS® X13583016

Residential Freehold (Att/Row/Townhouse)

$2799.0

3 Beds
2 Baths
1500-2000 sq-ft

This townhouse featuring an open-concept design of about 1540sf of living space. It has stainless steel appliances with quartz counter tops and modern

14 Photos

568 Greenbrook Drive, Waterloo, ON , MLS #X13556354 , Image - 1

Unit-BSMT, 568 Greenbrook Drive Kitchener, Waterloo, ON MLS® X13556354

Residential Freehold (Detached)

$1800.0

Reduced by 10.0%

4 Beds
1 Baths
1500-2000 sq-ft

Huge finished basement apartment offering 4 bedrooms and a 3-piece bathroom-or use one as a large recreation room for extra living space. Features a p

20 Photos

25 Isherwood Avenue, Waterloo, ON , MLS #X13807212 , Image - 1

25 Isherwood Avenue Cambridge, Waterloo, ON MLS® X13807212

Residential Condo & Other (Condo Townhouse)

$2250.0

2 Beds
2 Baths
1000-1199 sq-ft

Welcome to this stylish single-level townhome featuring 2 bedrooms and 2 full bathrooms, thoughtfully designed for total main-floor convenience with n

9 Photos

290 Equestrian Way, Waterloo, ON , MLS #X13827052 , Image - 1

Unit-62, 290 Equestrian Way Cambridge, Waterloo, ON MLS® X13827052

Residential Freehold (Att/Row/Townhouse)

$2650.0

3 Beds
3 Baths
1100-1500 sq-ft

Beautiful 3+1 bedroom, 2.5 bathroom townhouse , Back To Ravine , featuring modern upgrades throughout. Spacious open-concept kitchen, dining and livin

15 Photos

25 Isherwood Avenue E, Waterloo, ON , MLS #X13702674 , Image - 1

Unit-13, 25 Isherwood Avenue E Cambridge, Waterloo, ON MLS® X13702674

Residential Condo & Other (Condo Townhouse)

$2200.0

3 Beds
2 Baths
1000-1199 sq-ft

Welcome to 25 Isherwood Avenue. Corner Townhouse on the Ground Floor, 2 Year New Townhouse Located In High Demand Area, Hespeler Near The 401! Feature

18 Photos

18 Sheldon Avenue N, Waterloo, ON , MLS #X13826880 , Image - 1

18 Sheldon Avenue N Kitchener, Waterloo, ON MLS® X13826880

Residential Freehold (Detached)

$3200.0

3 Beds
3 Baths
2000-2500 sq-ft

Welcome to this bright and inviting 4-bedroom, 3-full-bathroom home, ideally located close to downtown Kitchener! Offering carpet-free living and an a

19 Photos

155 Thomas Slee Drive, Waterloo, ON , MLS #X13826242 , Image - 1

Unit-2B, 155 Thomas Slee Drive Kitchener, Waterloo, ON MLS® X13826242

Residential Condo & Other (Condo Townhouse)

$2500.0

2 Beds
3 Baths
1200-1399 sq-ft

End Unit 2 Bedroom Stacked Townhome Located in the Highly Sought-After Doon South Community. Bright and Functional Layout Featuring a Spacious Primary

39 Photos

110 Fergus Avenue, Waterloo, ON , MLS #X13826556 , Image - 1

Unit-38, 110 Fergus Avenue Kitchener, Waterloo, ON MLS® X13826556

Residential Condo & Other (Condo Townhouse)

$2700.0

3 Beds
3 Baths
1400-1599 sq-ft

Spacious 3-Bedroom Row Townhome with Garage & Backyard. This well-designed 3-bedroom, 2.5-bath row townhome offers a closed garage and a private backy

19 Photos

155 St Leger Street, Waterloo, ON , MLS #X13816298 , Image - 1

Unit-203, 155 St Leger Street Kitchener, Waterloo, ON MLS® X13816298

Residential Condo & Other (Condo Apartment)

$1750.0

1 +1 Beds
1 Baths
600-699 sq-ft

Large one bedroom plus den unit offers high ceilings, good den size can be used as office space, modern laminate flooring, floor to ceiling windows, l

19 Photos

15 Prince Albert Boulevard, Waterloo, ON , MLS #X13756536 , Image - 1

Unit-113, 15 Prince Albert Boulevard Kitchener, Waterloo, ON MLS® X13756536

Residential Condo & Other (Condo Apartment)

$2200.0

Reduced by 4.3%

2 Beds
2 Baths
1000-1199 sq-ft

This Fantastic 1000 Square Foot Suite Offers 2 Bedrooms And 2 Full Bathrooms Located In A Peaceful And Desirable Neighbourhood Between Downtown Kitche

9 Photos

190 Century Hill Drive, Waterloo, ON , MLS #X13826258 , Image - 1

Unit-A5, 190 Century Hill Drive Kitchener, Waterloo, ON MLS® X13826258

Residential Condo & Other (Condo Townhouse)

$1850.0

2 Beds
1 Baths
700-799 sq-ft

Modern executive condo available for lease in a highly convenient location! Ideally situated less than 10 minutes from Highway 401 and Conestoga Colle

1 Photos

Unit-2008, 55 Duke Street W Kitchener, Waterloo, ON MLS® X13824856

Residential Condo & Other (Condo Apartment)

$2700.0

2 +1 Beds
2 Baths
1000-1199 sq-ft

Welcome to Young Condos, ideally located in the heart of Downtown Kitchener on the 20th floor, offering breathtaking, unobstructed views. Just steps f

13 Photos

245 Benninger Drive, Waterloo, ON , MLS #X13825592 , Image - 1

Unit-Lower, 245 Benninger Drive Kitchener, Waterloo, ON MLS® X13825592

Residential Freehold (Detached)

$1500.0

1 +1 Beds
1 Baths
< 700 sq-ft

Vibrant 1-Bedroom, 1-Bathroom - $1,500/month. Welcome home to this newly renovated spacious 1-bedroom, 1-bathroom unit offering 600 sqft of open-c

16 Photos

130 Daylily Lane, Waterloo, ON , MLS #X13806910 , Image - 1

Unit-62, 130 Daylily Lane Kitchener, Waterloo, ON MLS® X13806910

Residential Condo & Other (Condo Townhouse)

$2250.0

2 Beds
2 Baths
1000-1199 sq-ft

FOR LEASE! This condo townhouse delivers 2 parking spaces whether you are two vehicle household or need space for visiting family or rent it out for a

31 Photos

1333 Weber Street E, Waterloo, ON , MLS #X13825566 , Image - 1

Unit-410, 1333 Weber Street E Kitchener, Waterloo, ON MLS® X13825566

Residential Condo & Other (Condo Apartment)

$2200.0

2 Beds
2 Baths
900-999 sq-ft

Welcome to 1333 Weber Street East! This modern 2-bedroom, 2-bathroom suite offers a bright, open-concept layout with contemporary finishes and a priva

17 Photos

30 Francis Street, Waterloo, ON , MLS #X13824972 , Image - 1

Unit-2711, 30 Francis Street Kitchener, Waterloo, ON MLS® X13824972

Residential Condo & Other (Condo Apartment)

$1950.0

1 Beds
2 Baths
600-699 sq-ft

Welcome to 30 Francis Street South, Unit 2711, a stunning brand-new, never-before-lived-in 1 Bedroom + Den, 2 Full Bathroom suite offering modern styl

6 Photos

297 Toll Gate Boulevard, Waterloo, ON , MLS #X13807572 , Image - 1

Unit-BSMT, 297 Toll Gate Boulevard Waterloo, ON MLS® X13807572

Residential Freehold (Detached)

$1650.0

2 Beds
1 Baths
700-1100 sq-ft

Newly built legal basement unit in desirable lakeshore village. Very bright unit with above grade large windows. Bus at door direct to universities an

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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?