minPriceVal

maxPriceVal

minSize

maxSize

Houses for Rent in Waterloo, ON

Showing results 1 - 30 of 512

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 10, 2026

12 Photos

5 Wellington Street S, Waterloo, ON , MLS #X13067812 , Image - 1

Unit-202, 5 Wellington Street S Kitchener, Waterloo, ON MLS® X13067812

Residential Condo & Other (Condo Apartment)

$1900.0

1 Beds
1 Baths
500-599 sq-ft

Here is your opportunity to live in the heart of the Innovation District - the newer Station Park Condos. Walking distance to Victoria Park, shops, re

29 Photos

15 Wellington Street S, Waterloo, ON , MLS #X13420830 , Image - 1

Unit-211, 15 Wellington Street S Kitchener, Waterloo, ON MLS® X13420830

Residential Condo & Other (Condo Apartment)

$1899.0

Reduced by 0.1%

1 Beds
1 Baths
600-699 sq-ft

Fully furnished, ready to Move with free wifi and transit at door. Welcome students. Near to Waterloo University For Lease Terrace Unit, Discover an e

2 Photos

55 Duke Street W, Waterloo, ON , MLS #X13656178 , Image - 1

Unit-1305, 55 Duke Street W Kitchener, Waterloo, ON MLS® X13656178

Residential Condo & Other (Condo Apartment)

$1725.0

1 Beds
1 Baths
600-699 sq-ft

Enjoy A Thoughtfully Designed One-Bedroom Suite In The Heart Of Downtown Kitchener, Featuring A Bright And Open-Concept Layout. A Defined Foyer Create

11 Photos

134 Kitchener Road, Waterloo, ON , MLS #X13656152 , Image - 1

134 Kitchener Road Cambridge, Waterloo, ON MLS® X13656152

Residential Freehold (Detached)

$3075.0

3 Beds
2 Baths
1500-2000 sq-ft

COUNTRY CHARM IN THE CITY! Nestled on an impressive lot, this captivating century home offers a rare blend of character, privacy, and timeless appeal.

29 Photos

223 ERB Street W, Waterloo, ON , MLS #X13656086 , Image - 1

Unit-405, 223 ERB Street W Waterloo, ON MLS® X13656086

Residential Condo & Other (Condo Apartment)

$2800.0

2 Beds
2 Baths
1000-1199 sq-ft

Welcome to the highly sought-after Westmount Grand, where luxury, comfort and convenience come together in one exceptional address. This impeccably ma

14 Photos

55 Duke Street W, Waterloo, ON , MLS #X13573052 , Image - 1

Unit-1705, 55 Duke Street W Kitchener, Waterloo, ON MLS® X13573052

Residential Condo & Other (Condo Apartment)

$1799.0

Reduced by 1.4%

1 Beds
1 Baths
600-699 sq-ft

**PICS FOR REF ONLY. THE UNIT IS CURRENTLY TENANTED** Experience modern urban living in the heart of Downtown Kitchener with this east-facing 1-bedroo

17 Photos

25 Palace Street, Waterloo, ON , MLS #X13654432 , Image - 1

Unit-Q22, 25 Palace Street Kitchener, Waterloo, ON MLS® X13654432

Residential Condo & Other (Condo Townhouse)

$2100.0

2 Beds
3 Baths
1000-1199 sq-ft

Brand New! Be the first to enjoy this bright and spacious 2-bedroom, 2.5-bathroom condo townhouse offering 1,052 sq. ft. of modern living space in Kit

32 Photos

14 SANDSPRINGS Crescent, Waterloo, ON , MLS #X13655810 , Image - 1

14 SANDSPRINGS Crescent Kitchener, Waterloo, ON MLS® X13655810

Residential Freehold (Detached)

$2800.0

3 +0 Beds
2 Baths
1100-1500 sq-ft

Welcome to 14 Sandsprings Cres! This beautifully maintained, solid brick detached backsplit offers a bright, versatile layout in a highly desirable ne

14 Photos

84 Hardcastle Drive, Waterloo, ON , MLS #X13654500 , Image - 1

84 Hardcastle Drive Cambridge, Waterloo, ON MLS® X13654500

Residential Freehold (Detached)

$2750.0

4 +0 Beds
3 Baths
2000-2500 sq-ft

*** Additional Listing Details - Click Brochure Link *** Spacious 4-bedroom, 2.5-bathroom detached upper portion of a home on a large 46x105 ft lot in

4 Photos

20 David Bergey Drive, Waterloo, ON , MLS #X13655674 , Image - 1

Unit-A8, 20 David Bergey Drive Kitchener, Waterloo, ON MLS® X13655674

Residential Condo & Other (Condo Townhouse)

$2750.0

3 Beds
2 Baths
1200-1399 sq-ft

Beautiful end unit townhouse in a prime location! This carpet-free home offers 3 bedrooms, 2 bathrooms, and a bright open concept main floor. Enjoy th

31 Photos

10 Guernsey Drive, Waterloo, ON , MLS #X13621990 , Image - 1

10 Guernsey Drive Kitchener, Waterloo, ON MLS® X13621990

Residential Freehold (Detached)

$4750.0

4 +2 Beds
5 Baths
2500-3000 sq-ft

Brand-New Heathwood Executive Home with Finished In-Law Suite - 10 Guernsey Dr, Williamsburg, Kitchener. Live large in one of southwest Kitchener's mo

49 Photos

291 Hardcastle Drive, Waterloo, ON , MLS #X13654344 , Image - 1

291 Hardcastle Drive Cambridge, Waterloo, ON MLS® X13654344

Residential Freehold (Detached)

$3100.0

5 Beds
3 Baths
2000-2500 sq-ft

Bright, spacious and beautifully upgraded home offering over 3,400 sq ft of living space in one of Cambridge's desirable and friendly neighbourhoods|

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)

$3250.0

Reduced by 3.0%

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

23 Photos

20 Lidstone Street, Waterloo, ON , MLS #X13655128 , Image - 1

20 Lidstone Street Cambridge, Waterloo, ON MLS® X13655128

Residential Freehold (Att/Row/Townhouse)

$2900.0

3 Beds
3 Baths
2000-2500 sq-ft

This beautifully maintained 2-storey townhouse offers 2,030 sq. ft. of thoughtfully designed living space. The spacious open-concept main floor featur

27 Photos

128 King Street N, Waterloo, ON , MLS #X13227160 , Image - 1

Unit-710, 128 King Street N Waterloo, ON MLS® X13227160

Residential Condo & Other (Condo Apartment)

$2100.0

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

Welcome To One28 Condos On King Street. This Newest Uptown Waterloo Condo Comes With 9 Feet Ceiling. Amazing 1 Bed+Den Unit Used As 2 Bedroom On 7th F

15 Photos

1333 Weber Street E, Waterloo, ON , MLS #X13654904 , Image - 1

Unit-312, 1333 Weber Street E Kitchener, Waterloo, ON MLS® X13654904

Residential Condo & Other (Condo Apartment)

$1800.0

1 Beds
1 Baths
700-799 sq-ft

Awesome Location & Stunning Brand-New Building! Welcome to 1333 Weber Street, Unit 312 -

6 Photos

25 Isherwood Avenue, Waterloo, ON , MLS #X13629894 , Image - 1

Unit-117, 25 Isherwood Avenue Cambridge, Waterloo, ON MLS® X13629894

Residential Condo & Other (Condo Townhouse)

$2200.0

Reduced by 8.3%

3 Beds
2 Baths
1000-1199 sq-ft

15 Photos

143 Elgin Street N, Waterloo, ON , MLS #X13651804 , Image - 1

Unit-38, 143 Elgin Street N Cambridge, Waterloo, ON MLS® X13651804

Residential Freehold (Att/Row/Townhouse)

$2900.0

3 Beds
3 Baths
1500-2000 sq-ft

Welcome to this stunning corner-unit executive townhouse, where style, comfort, and convenience come together. This newer, carpet-free home features b

47 Photos

60 charles Street W, Waterloo, ON , MLS #X13654298 , Image - 1

Unit-1602, 60 charles Street W Kitchener, Waterloo, ON MLS® X13654298

Residential Condo & Other (Condo Apartment)

$2750.0

2 Beds
2 Baths
900-999 sq-ft

Welcome to Unit 1602 at Charlie West, a rare corner 2-bedroom, 2-bath suite offering nearly 1,000 sq.ft. of bright, open living space with wall-to-wal

19 Photos

60 Frederick Street, Waterloo, ON , MLS #X13653990 , Image - 1

Unit-2714, 60 Frederick Street Kitchener, Waterloo, ON MLS® X13653990

Residential Condo & Other (Condo Apartment)

$2000.0

2 Beds
2 Baths
600-699 sq-ft

This 2-bedroom, 2-bathroom corner unit on the 27th floor offer a functional space with breathtaking southeast views. The unit features modern finishes

10 Photos

253 Albert Street, Waterloo, ON , MLS #X13649298 , Image - 1

Unit-312, 253 Albert Street Waterloo, ON MLS® X13649298

Residential Condo & Other (Condo Apartment)

$2399.0

2 Beds
2 Baths
900-999 sq-ft

Welcome to this beautiful, condo at 253 Albert St., Unit 312, ideally located in the heart of Waterloo. Perfect for mature students, young professiona

30 Photos

316E Bluevale Street N Waterloo, ON MLS® X13653710

Residential Condo & Other (Condo Townhouse)

$2900.0

2 +1 Beds
2 Baths
900-999 sq-ft

Welcome to this beautifully renovated 2+1 bedroom townhome with 2 full bathrooms, located in the highly desirable Lakeshore North neighborhood of Wate

15 Photos

128 King Street, Waterloo, ON , MLS #X13653272 , Image - 1

Unit-1505, 128 King Street Waterloo, ON MLS® X13653272

Residential Condo & Other (Condo Apartment)

$1800.0

1 Beds
1 Baths
500-599 sq-ft

ALL-INCLUSIVE LIVING: Welcome to 128 King Street North, Unit 1505, a bright, spacious, and well-maintained one-bedroom, one-bathroom suite ideally loc

22 Photos

166 Ladyslipper Drive, Waterloo, ON , MLS #X13653246 , Image - 1

Unit-Basement, 166 Ladyslipper Drive Waterloo, ON MLS® X13653246

Residential Freehold (Detached)

$1850.0

0 +2 Beds
1 Baths
< 700 sq-ft

Welcome to 166 Ladyslipper Drive, a beautifully finished, like-new two-bedroom basement apartment located in the highly desirable Vista Hills neighbou

20 Photos

43 Oldfield Drive, Waterloo, ON , MLS #X13553302 , Image - 1

43 Oldfield Drive Kitchener, Waterloo, ON MLS® X13553302

Residential Freehold (Detached)

$1900.0

Reduced by 4.8%

2 Beds
2 Baths
< 700 sq-ft

Available immediately for rent at $1,900 per month plus a share of utilities. This newly built lower-level suite features two bedrooms, in-suite laund

35 Photos

60 STANLEY ST N/A, Waterloo, ON , MLS #X13506530 , Image - 1

60 STANLEY ST N/A Cambridge, Waterloo, ON MLS® X13506530

Residential Freehold (Detached)

$2600.0

3 Beds
2 Baths
< 700 sq-ft

Beautiful and spacious 3-bedroom home available for long-term lease from August 1, 2026, located at 60 Stanley St., Cambridge, N1S 2A6, near St. Andre

1 Photos

Unit-501, 312 Erb Street Waterloo, ON MLS® X13563284

Residential Condo & Other (Condo Apartment)

$2250.0

Reduced by 8.2%

2 Beds
2 Baths
700-799 sq-ft

Welcome to this bright and spacious condo featuring the convenience of in-suite laundry andcomplimentary Bell internet. Filled with natural light, thi

18 Photos

293 Highland Road E, Waterloo, ON , MLS #X13621762 , Image - 1

Unit-B, 293 Highland Road E Kitchener, Waterloo, ON MLS® X13621762

Residential Freehold (Triplex)

$1950.0

Reduced by 2.5%

2 Beds
1 Baths
700-1100 sq-ft

Welcome to this beautifully renovated main floor unit in a well-maintained triplex! Offering a bright and functional layout with 2 bedrooms, thismove-

10 Photos

741 King Street W, Waterloo, ON , MLS #X13652896 , Image - 1

Unit-511, 741 King Street W Kitchener, Waterloo, ON MLS® X13652896

Residential Condo & Other (Condo Apartment)

$1550.0

1 Baths
0-499 sq-ft

Welcome to 741 King St, Unit 511!Lowest-priced unit in the building - don't miss it!A rare and spacious studio condo in a prime Kitchener location. Mo

14 Photos

47 Flockhart Road N, Waterloo, ON , MLS #X13552862 , Image - 1

47 Flockhart Road N Cambridge, Waterloo, ON MLS® X13552862

Residential Freehold (Detached)

$2800.0

Reduced by 9.7%

4 Beds
3 Baths
1500-2000 sq-ft

This stunning 4-bedroom, 2.5-bathroom detached residence awaits you in a fantastic family-friendly neighborhood. Upon entry, you're greeted by an invi

Shortlisted Properties

Error

Maximum 4 project can be compared at one go.

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?