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Houses for Rent in Waterloo, ON

Showing results 1 - 30 of 486

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: August 15, 2026

31 Photos

15 Nathaniel Crescent, Waterloo, ON , MLS #X13665848 , Image - 1

Unit-Upper, 15 Nathaniel Crescent Kitchener, Waterloo, ON MLS® X13665848

Residential Freehold (Upper Level)

$2450.0

3 Beds
2 Baths
700-1100 sq-ft

Sun kissed 3 bedroom, 1.5 bathroom with lots of natural light. Conveniently located near Homer Watson Blvd and Manitou Drive intersection with easy ac

19 Photos

330 Phillip Street, Waterloo, ON , MLS #X13579936 , Image - 1

Unit-N207, 330 Phillip Street Waterloo, ON MLS® X13579936

Residential Condo & Other (Condo Apartment)

$1149.0

1 +1 Beds
1 Baths
500-599 sq-ft

GIRLS ONLY - LUXURY student condo offering 1 FURNISHED bedroom in a 2-bedroom suite with shared common areas including kitchen, living area, bathroom

25 Photos

258B Sunview Street, Waterloo, ON , MLS #X13584410 , Image - 1

Unit-2117, 258B Sunview Street Waterloo, ON MLS® X13584410

Residential Condo & Other (Condo Apartment)

$3150.0

Reduced by 6.0%

3 Beds
2 Baths
800-899 sq-ft

Welcome to the Heart of Waterloo! This stunning 11th-floor unit offers 3 bedrooms, 2 full bathrooms, and approximately 884 sq. ft. of bright, open-con

29 Photos

120 Seabrook Drive, Waterloo, ON , MLS #X13575248 , Image - 1

120 Seabrook Drive Kitchener, Waterloo, ON MLS® X13575248

Residential Condo & Other (Condo Townhouse)

$2300.0

Reduced by 8.0%

2 Beds
3 Baths
1400-1599 sq-ft

Welcome to this bright and spacious **corner-unit townhouse** in the highly sought-after **Huron Park** community, offering over **1,400 sq. ft.** of

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4 Markwood Drive, Waterloo, ON , MLS #X13615414 , Image - 1

Unit-Upper, 4 Markwood Drive Kitchener, Waterloo, ON MLS® X13615414

Residential Freehold (Detached)

$2600.0

Reduced by 3.7%

3 +1 Beds
2 Baths
700-1100 sq-ft

**PICS FOR REF ONLY. THE UNIT IS CURRENTLY TENANTED**Welcome to this well-maintained detached home in a desirable Kitchener neighbourhood! This spacio

6 Photos

39 Picard Street, Waterloo, ON , MLS #X13554782 , Image - 1

39 Picard Street Woolwich, Waterloo, ON MLS® X13554782

Residential Freehold (Detached)

$3000.0

Reduced by 6.2%

4 Beds
3 Baths
1500-2000 sq-ft

Brand new, never-lived-in premium detached home offering approximately 1,900 sq. ft. of finished living space. This bright and spacious home features

1 Photos

259 Birkinshaw Road Cambridge, Waterloo, ON MLS® X13628324

Residential Freehold (Detached)

$2900.0

Reduced by 9.4%

3 Beds
3 Baths
1500-2000 sq-ft

Welcome to this beautiful and well-maintained 3-bedroom, 2.5-bathroom home located in one of Cambridge's most desirable family-friendly neighbourhoods

36 Photos

46 Renfrew Street, Waterloo, ON , MLS #X13517342 , Image - 1

46 Renfrew Street Kitchener, Waterloo, ON MLS® X13517342

Residential Freehold (Att/Row/Townhouse)

$2850.0

Reduced by 1.7%

3 Beds
2 Baths
1500-2000 sq-ft

Nestled in the highly coveted HURON area, this exquisite 3 bedroom FREEHOLD townhome presents an exceptional opportunity for comfortable and modern li

26 Photos

70 Morgan Avenue, Waterloo, ON , MLS #X13526186 , Image - 1

Unit-15, 70 Morgan Avenue Kitchener, Waterloo, ON MLS® X13526186

Residential Condo & Other (Condo Townhouse)

$2500.0

3 Beds
2 Baths
1000-1199 sq-ft

This THREE Bed & TWO Bath Townhome is available. This home has a garage and a second parking spot.This townhome is an end unit with only one connected

24 Photos

16 Marshall Street Waterloo, ON MLS® X13603858

Residential Freehold (Other)

$805.0

1 +3 Beds
2 Baths
700-1100 sq-ft

BEDROOM AVAILABLE AT $805 PER ROOM! Highly Desired location just steps from Wilfrid Laurier University! This rear unit offers quality student living w

47 Photos

402 Lakeview Drive Waterloo, ON MLS® X13664634

Residential Freehold (Detached)

$3500.0

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

Welcome to 402 Lakeview Drive, a stunning home nestled in the highly coveted Lakeshore neighbourhood of Waterloo. Beautifully upgraded and completely

13 Photos

275 LARCH Street, Waterloo, ON , MLS #X13521502 , Image - 1

Unit-B311, 275 LARCH Street Waterloo, ON MLS® X13521502

Residential Condo & Other (Condo Apartment)

$2200.0

2 +0 Beds
2 Baths
600-699 sq-ft

Beautiful 2 Bedroom 2 Bath condo available! Fully furnished and fully supplied with kitchen, bedding items and all! In sui

16 Photos

407 Downsview Place Waterloo, ON MLS® X13474638

Residential Freehold (Att/Row/Townhouse)

$2500.0

Reduced by 5.7%

3 Beds
2 Baths
1100-1500 sq-ft

This beautiful 3-bedroom FREEHOLD townhome for rent is located in a quiet, family-friendly neighbourhood, surrounded by parks, trails, schools, transi

9 Photos

258B Sunview Street, Waterloo, ON , MLS #X13607340 , Image - 1

Unit-258, 258B Sunview Street Waterloo, ON MLS® X13607340

Residential Condo & Other (Condo Apartment)

$1900.0

Reduced by 4.8%

2 Beds
1 Baths
500-599 sq-ft

Welcome to this FULLY FURNISHED Modern 2 Bedroom Condo on Sunview Street, Steps From Both Wilfred Laurier University And The University Of Waterloo, C

8 Photos

60 Frederick Street, Waterloo, ON , MLS #X13664230 , Image - 1

Unit-3, 60 Frederick Street Kitchener, Waterloo, ON MLS® X13664230

Residential Condo & Other (Condo Apartment)

$1725.0

1 +1 Beds
1 Baths
500-599 sq-ft

Bright, Spacious 1 bed+ den Suite, Conveniently located in Downtown Kitchener. Steps to Waterloo Courts, Conestoga College, restaurants, shops, with I

14 Photos

110 Highland Road W, Waterloo, ON , MLS #X13607734 , Image - 1

Unit-127, 110 Highland Road W Kitchener, Waterloo, ON MLS® X13607734

Residential Freehold (Att/Row/Townhouse)

$2900.0

3 Beds
4 Baths
1500-2000 sq-ft

A Freehold Town Home & Just Minutes From Downtown Kitchener. 2200 square feet of Living Space including Finshed Basment!This Fabulous Former Model Hom

8 Photos

268 Lester Street, Waterloo, ON , MLS #X13663972 , Image - 1

Unit-711, 268 Lester Street Waterloo, ON MLS® X13663972

Residential Condo & Other (Condo Apartment)

$2500.0

2 Beds
2 Baths
600-699 sq-ft

The best one and most unique unit in the building! Fully furnished two-bedrooms suite available for September move-in! Early move-in may be possible;

3 Photos

251 Hemlock Street, Waterloo, ON , MLS #X13623214 , Image - 1

Unit-615, 251 Hemlock Street Waterloo, ON MLS® X13623214

Residential Condo & Other (Condo Apartment)

$950.0

1 Beds
1 Baths
0-499 sq-ft

Discover The Epitome Of Urban Living At The Sage 6, Ideally Located In Waterloo's Vibrant University District. This Spacious, Immaculate, And Fully Fu

1 Photos

155 Equestrian Way

Unit-7, 155 Equestrian Way Cambridge, Waterloo, ON MLS® X13661250

Residential Freehold (Att/Row/Townhouse)

$2575.0

3 +1 Beds
3 Baths
1500-2000 sq-ft

1 Year old , End unit, 4 bedroom modern living townhouse with 3 washrooms. Large windows in all rooms. Open concept Kitchen with Island & breakfast, d

22 Photos

1333 Weber Street E, Waterloo, ON , MLS #X13662646 , Image - 1

Unit-419, 1333 Weber Street E Kitchener, Waterloo, ON MLS® X13662646

Residential Condo & Other (Condo Apartment)

$1779.0

1 Beds
1 Baths
700-799 sq-ft

Welcome to Weber Yards - Kitchener's newest 15-storey condominium in the heart of Waterloo Region. Ideally located with quick access to Highways 7/8 a

12 Photos

266 Overlea Drive, Waterloo, ON , MLS #X13659458 , Image - 1

Unit-402, 266 Overlea Drive Kitchener, Waterloo, ON MLS® X13659458

Residential Condo & Other (Condo Apartment)

$1950.0

2 Beds
1 Baths
700-799 sq-ft

Location, location, location! Just 10 minutes from the universities and only minutes from HWY-8, St. Mary's General Hospital, shopping, schools, parks

21 Photos

1000 Lackner Boulevard, Waterloo, ON , MLS #X13661920 , Image - 1

Unit-304, 1000 Lackner Boulevard Kitchener, Waterloo, ON MLS® X13661920

Residential Condo & Other (Condo Apartment)

$2300.0

2 Beds
1 Baths
900-999 sq-ft

This unit offers high-end finishes throughout including 9' ceilings, wall-to-wall, floor-to-ceiling windows in all rooms that provides natural light a

27 Photos

211 Veronica Drive, Waterloo, ON , MLS #X13662822 , Image - 1

Unit-19, 211 Veronica Drive Kitchener, Waterloo, ON MLS® X13662822

Residential Condo & Other (Condo Townhouse)

$2499.0

3 Beds
2 Baths
900-999 sq-ft

Welcome to 211 Veronica! This beautiful townhouse features 3 spacious bedrooms and 2 full bathrooms across a versatile multi-level layout. The main fl

17 Photos

317 Briarmeadow Drive, Waterloo, ON , MLS #X13662680 , Image - 1

317 Briarmeadow Drive Kitchener, Waterloo, ON MLS® X13662680

Residential Freehold (Att/Row/Townhouse)

$2500.0

3 Beds
3 Baths
1100-1500 sq-ft

Beautiful End unit for lease in a sought after neighbourhood. This fabulous end-unit townhome sits in the desirable Chicopee area of Kitchener, offeri

21 Photos

25 Sienna Street, Waterloo, ON , MLS #X13574896 , Image - 1

Unit-H, 25 Sienna Street Kitchener, Waterloo, ON MLS® X13574896

Residential Condo & Other (Condo Townhouse)

$2000.0

Reduced by 4.8%

2 Beds
1 Baths
900-999 sq-ft

Welcome to this beautifully updated two-bedroom home featuring a bright, open-concept layout with plenty of stylish upgrades throughout. The private o

10 Photos

55 Duke Street W, Waterloo, ON , MLS #X13662296 , Image - 1

Unit-1501, 55 Duke Street W Kitchener, Waterloo, ON MLS® X13662296

Residential Condo & Other (Condo Apartment)

$2300.0

2 Beds
2 Baths
800-899 sq-ft

Welcome to 55 Duke Street West, Unit 1501, Kitchener! This Bright & Spacious 863 Sq Ft with balcony 2-bedroom,bathroom condo unit is on the 15th floor

15 Photos

10 South Creek Drive, Waterloo, ON , MLS #X13607700 , Image - 1

Unit-26, 10 South Creek Drive Kitchener, Waterloo, ON MLS® X13607700

Residential Condo & Other (Condo Townhouse)

$2050.0

Reduced by 2.4%

2 Beds
2 Baths
800-899 sq-ft

Modern 2-Bed, 2-Bath Townhouse for Lease at 26-10 South Creek Dr, Kitchener. Discover contemporary living at its best in this beautifully designed 2-b

20 Photos

14-20 Brubacher Street, Waterloo, ON , MLS #X13662196 , Image - 1

Unit-10, 14-20 Brubacher Street Kitchener, Waterloo, ON MLS® X13662196

Residential Freehold (Multiplex)

$1600.0

1 Beds
1 Baths
< 700 sq-ft

Freshly Renovated Downtown Kitchener - 1 Bed, 1 Bath Second Floor at 14 Brubacher St, Kitchener | $1600/Month + Internet/TV. Be the first to live in t

50 Photos

56 Valleyscape Drive, Waterloo, ON , MLS #X13661938 , Image - 1

56 Valleyscape Drive Kitchener, Waterloo, ON MLS® X13661938

Residential Freehold (Detached)

$4200.0

4 +1 Beds
5 Baths
3000-3500 sq-ft

CUSTOM-BUILT LUXURY HOME With Over 4500 sqft Of Living Space! Nestled on a pie - shape dlot in the coveted Doon South area, this meticulously designed

9 Photos

741 King Street W, Waterloo, ON , MLS #X13534094 , Image - 1

Unit-1211, 741 King Street W Kitchener, Waterloo, ON MLS® X13534094

Residential Condo & Other (Condo Apartment)

$1550.0

1 Baths
0-499 sq-ft

Waterloo with easy access to shops, restaurants, transit, and everyday amenities. This bright studio suite features a thoughtfully designed open-conce

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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?