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Houses for Rent in Waterloo, ON

Showing results 1 - 26 of 26

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: March 26, 2026

12 Photos

59 Baintree Way, Waterloo, ON , MLS #X12921900 , Image - 1

59 Baintree Way Cambridge, Waterloo, ON MLS® X12921900

Residential Freehold (Detached)

$2990.0

4 Beds
3 Baths
1500-2000 sq-ft

Beautiful Carpet Free 4 Bedroom House Located On Great Location, Close To 401Hwy & All Amenities! Main Floor 9Ft Celling, Laundry, Living, Family, 2Pc

10 Photos

55 Duke Street W, Waterloo, ON , MLS #X12919770 , Image - 1

Unit-1501, 55 Duke Street W Kitchener, Waterloo, ON MLS® X12919770

Residential Condo & Other (Condo Apartment)

$2500.0

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, 2-bathroom condo unit is on the 15th fl

1 Photos

Unit-203, 392 Albert Street Waterloo, ON MLS® X12892472

Residential Condo & Other (Condo Apartment)

$900.0

4 Beds
1 Baths
1600-1799 sq-ft

This bright and spacious unit features 4 bedrooms, 4 3-piece bathrooms, and includes one underground parking spot. Situated in one of Waterloo's most

12 Photos

301 Freure Drive, Waterloo, ON , MLS #X12685888 , Image - 1

301 Freure Drive Cambridge, Waterloo, ON MLS® X12685888

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

10 Photos

1000 Lackner Place, Waterloo, ON , MLS #X12774704 , Image - 1

Unit-615, 1000 Lackner Place Kitchener, Waterloo, ON MLS® X12774704

Residential Condo & Other (Co-op Apartment)

$1800.0

1 Beds
1 Baths
600-699 sq-ft

AVAILABLE: MAY 1: Welcome to Lackner Ridge Condos, where contemporary design meets everyday convenience. This bright and stylish brand-new 1-bedroom u

16 Photos

253 Albert Street, Waterloo, ON , MLS #X12702814 , Image - 1

Unit-102, 253 Albert Street Waterloo, ON MLS® X12702814

Residential Condo & Other (Condo Apartment)

$2300.0

2 Beds
2 Baths
700-799 sq-ft

Elegance and convenience in this exceptional FULLY furnished residence, offering soaring 13-ft ceilings and a spacious private terrace. With its premi

33 Photos

19 Histand Trail, Waterloo, ON , MLS #X12762910 , Image - 1

19 Histand Trail Kitchener, Waterloo, ON MLS® X12762910

Residential Freehold (Att/Row/Townhouse)

$2700.0

Reduced by 3.4%

3 Beds
3 Baths
1100-1500 sq-ft

Beautiful 3-Bed, 2.5-Bath Townhome for Lease in Kitchener's Sought-After Trussler Community - Available April 1st. This modern and spacious townhouse

39 Photos

224 Broadacre Drive, Waterloo, ON , MLS #X12831520 , Image - 1

224 Broadacre Drive Kitchener, Waterloo, ON MLS® X12831520

Residential Freehold (Att/Row/Townhouse)

$2999.0

Reduced by 6.3%

3 Beds
4 Baths
2000-2500 sq-ft

Rarely available and less than two years old, this fully upgraded townhouse offers 2,263 sq. ft. of beautifully finished living space, including a pro

33 Photos

400 Newman Drive, Waterloo, ON , MLS #X12899152 , Image - 1

Unit-49, 400 Newman Drive Cambridge, Waterloo, ON MLS® X12899152

Residential Freehold (Att/Row/Townhouse)

$2750.0

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

Nestled in the heart of Westwood Village, this one year old double car garage townhouse offers a perfect blend of modern elegance and natural beauty.

19 Photos

361 Lancaster Street W, Waterloo, ON , MLS #X12853860 , Image - 1

Unit-A10, 361 Lancaster Street W Kitchener, Waterloo, ON MLS® X12853860

Residential Condo & Other (Condo Apartment)

$2000.0

Reduced by 9.1%

2 Beds
2 Baths
1200-1399 sq-ft

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49 Dietz Avenue S Waterloo, ON MLS® X12893958

Residential Freehold (Detached)

$2950.0

3 Beds
2 Baths
700-1100 sq-ft

Welcome to 49 Dietz Avenue - a home that blends everyday comfort with one of the most walkable and sought-after locations in Waterloo. Tucked into a q

11 Photos

312 Erb Street Waterloo, ON MLS® X12890836

Residential Condo & Other (Condo Apartment)

$1675.0

1 Beds
1 Baths
500-599 sq-ft

Welcome to MODA in Waterloo, a modern 1-bedroom, 1-bathroom condo designed for comfort and convenience. This bright and functional unit features an op

36 Photos

159 Wellington Street, Waterloo, ON , MLS #X12884374 , Image - 1

159 Wellington Street Cambridge, Waterloo, ON MLS® X12884374

Residential Freehold (Semi-Detached )

$2899.0

3 Beds
2 Baths
1100-1500 sq-ft

This charming and beautifully updated semi-detached home offers the perfect combination of comfort and convenience. Don't miss the opportunity to leas

40 Photos

455 Guelph Avenue, Waterloo, ON , MLS #X12854928 , Image - 1

Unit-16 (upper), 455 Guelph Avenue Cambridge, Waterloo, ON MLS® X12854928

Residential Freehold (Att/Row/Townhouse)

$2699.0

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

23 Photos

264 Laurentian Drive, Waterloo, ON , MLS #X12876424 , Image - 1

264 Laurentian Drive Kitchener, Waterloo, ON MLS® X12876424

Residential Freehold (Detached)

$2799.0

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

Amazing Opportunity To Lease A Gorgeous Detached Raised Bungalow Located In A Quaint Mature Neighborhood In Kitchener, This Home Offer 3 Bedroom With

31 Photos

38 Attwater Drive, Waterloo, ON , MLS #X12738302 , Image - 1

38 Attwater Drive Cambridge, Waterloo, ON MLS® X12738302

Residential Freehold (Detached)

$3300.0

3 Beds
3 Baths
2000-2500 sq-ft

Welcome to this nearly new detached home featuring 3 spacious bedrooms, a versatile loft, and 2.5 bathrooms. Boasting 9-foot ceilings on both the main

27 Photos

45 Faith Street, Waterloo, ON , MLS #X12784256 , Image - 1

45 Faith Street Cambridge, Waterloo, ON MLS® X12784256

Residential Freehold (Att/Row/Townhouse)

$2700.0

Reduced by 3.6%

3 Beds
3 Baths
1500-2000 sq-ft

**View Multimedia Tour!* Wow Absolutely Gorgeous ** Stunning Townhome Located In The High Demand Neighborhood Of Cambridge** Boasting 3 Bedrooms + 2 F

10 Photos

128 King Street, Waterloo, ON , MLS #X12851692 , Image - 1

Unit-709, 128 King Street Waterloo, ON MLS® X12851692

Residential Condo & Other (Condo Apartment)

$1995.0

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

Modern 1 Bed + Den Condo (691 sq ft) | Balcony | Uptown Waterloo King St | Near University of Waterloo & Wilfrid Laurier University. Located on the 7t

28 Photos

205 West Oak Trail, Waterloo, ON , MLS #X12714080 , Image - 1

Unit-32, 205 West Oak Trail Kitchener, Waterloo, ON MLS® X12714080

Residential Condo & Other (Condo Townhouse)

$1699.0

Reduced by 5.6%

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

13 Photos

50 Pinnacle Drive, Waterloo, ON , MLS #X12834894 , Image - 1

Unit-36, 50 Pinnacle Drive Kitchener, Waterloo, ON MLS® X12834894

Residential Condo & Other (Condo Townhouse)

$2600.0

Reduced by 3.7%

3 Beds
3 Baths
1400-1599 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

39 Photos

48 White Sands Court, Waterloo, ON , MLS #X12820950 , Image - 1

Unit-Upper, 48 White Sands Court Kitchener, Waterloo, ON MLS® X12820950

Residential Freehold (Detached)

$2699.0

3 Beds
3 Baths
1500-2000 sq-ft

Welcome to the upper level of this beautifully renovated 2-storey home (basement excluded), situated on a spacious pie-shaped lot of 4,563.89 sq. ft.

9 Photos

77 Lancaster Street W, Waterloo, ON , MLS #X12799102 , Image - 1

77 Lancaster Street W Kitchener, Waterloo, ON MLS® X12799102

Residential Freehold (Fourplex)

$1775.0

1 Beds
1 Baths
3000-3500 sq-ft

Welcome to 77 Lancaster Street West in Kitchener. This fully renovated 1 bedroom, 1 bathroom apartment offers clean, modern living in a convenient cen

15 Photos

139 Byron Avenue, Waterloo, ON , MLS #X12780690 , Image - 1

Unit-Lower, 139 Byron Avenue Kitchener, Waterloo, ON MLS® X12780690

Residential Freehold (Detached)

$2000.0

3 Beds
1 Baths
700-1100 sq-ft

Bright and spacious, newly renovated 3-bedroom, 1-bath lower unit available for rent in Kitchener offering complete privacy and comfort! This spacious

4 Photos

365 Dale Crescent Waterloo, ON MLS® X12760460

Residential Freehold (Detached)

$750.0

4 Beds
2 Baths
1500-2000 sq-ft

10 Photos

283 Fairway Road N, Waterloo, ON , MLS #X12744264 , Image - 1

Unit-90, 283 Fairway Road N Kitchener, Waterloo, ON MLS® X12744264

Residential Condo & Other (Condo Apartment)

$2000.0

2 Beds
1 Baths
900-999 sq-ft

14 Photos

1460 Highland Road, Waterloo, ON , MLS #X12691930 , Image - 1

Unit-1F, 1460 Highland Road Kitchener, Waterloo, ON MLS® X12691930

Residential Condo & Other (Condo Townhouse)

$2250.0

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

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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?