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Houses for Rent in Waterloo, ON

Showing results 1 - 30 of 33

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: May 11, 2026

23 Photos

15 Mowat Boulevard, Waterloo, ON , MLS #X13031180 , Image - 1

Unit-14, 15 Mowat Boulevard Kitchener, Waterloo, ON MLS® X13031180

Residential Freehold (Other)

$1550.0

Reduced by 6.1%

2 Beds
1 Baths
< 700 sq-ft

2ND PARKING SPOT AVAILABLE!!! Welcome to 15 Mowat Blvd- a Renovated 1 Bedroom Apartment in Country Hills. This unit is bright & spacious and features

19 Photos

158 King Street N, Waterloo, ON , MLS #X13100012 , Image - 1

Unit-1705, 158 King Street N Waterloo, ON MLS® X13100012

Residential Condo & Other (Condo Apartment)

$2400.0

2 Beds
2 Baths
800-899 sq-ft

**September 1st occupancy** High Demand Location Condo With 2 Bedrooms & 2 Baths. Bright & Spacious Corner Unit With Large Windows. 865 S.F. Facing We

21 Photos

574 Mortimer Drive, Waterloo, ON , MLS #X13096830 , Image - 1

574 Mortimer Drive Cambridge, Waterloo, ON MLS® X13096830

Residential Freehold (Semi-Detached )

$2700.0

3 Beds
2 Baths
1100-1500 sq-ft

Fully renovated 2-storey semi-detached home available in a quiet family friendly neighbourhood inCambridge just minutes from schools, shopping and acc

9 Photos

190 Century Hill Drive, Waterloo, ON , MLS #X13096828 , Image - 1

Unit-A5, 190 Century Hill Drive Kitchener, Waterloo, ON MLS® X13096828

Residential Condo & Other (Condo Townhouse)

$2100.0

2 Beds
1 Baths
700-799 sq-ft

Two Bedroom Condo Townhouse For Rent For A Couple. Take A Walk Or Hike To Steckle Woods Situated Just Right Across The Street. Perfect Location Near S

12 Photos

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

59 Baintree Way Cambridge, Waterloo, ON MLS® X12921900

Residential Freehold (Detached)

$2799.0

Reduced by 6.4%

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

25 Photos

1388 Concession Road, Waterloo, ON , MLS #X12999902 , Image - 1

1388 Concession Road Cambridge, Waterloo, ON MLS® X12999902

Residential Freehold (Detached)

$2550.0

Reduced by 1.9%

3 Beds
1 Baths
700-1100 sq-ft

Welcome to 1388 Concession Road, a bright and spacious main floor unit offering 3 well proportioned bedrooms, a large eat in kitchen with updated floo

11 Photos

508 Greenfield Avenue, Waterloo, ON , MLS #X13014286 , Image - 1

508 Greenfield Avenue Kitchener, Waterloo, ON MLS® X13014286

Residential Freehold (Detached)

$2600.0

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

This detached bungalow in the Fairview neighborhood of Kitchener offers a well-maintained main floor for rent. It features 4 generously sized bedrooms

25 Photos

90 PENELOPE Drive, Waterloo, ON , MLS #X13043470 , Image - 1

90 PENELOPE Drive Kitchener, Waterloo, ON MLS® X13043470

Residential Freehold (Detached)

$1900.0

2 Beds
1 Baths
1500-2000 sq-ft

** BASEMENT ON LEASE** walkout legal basement. Lots of sunlight and access to large deck and backyard. 2 bedrooms, 1 washroom, large living area, kitc

25 Photos

156 Mooregate Crescent, Waterloo, ON , MLS #X13060032 , Image - 1

156 Mooregate Crescent Kitchener, Waterloo, ON MLS® X13060032

Residential Freehold (Semi-Detached )

$3300.0

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

Welcome to this beautifully upgraded full backsplit semi-detached home with a basement apartment at 156 Mooregate Crescent in Kitchener. This bright a

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)

$1750.0

Reduced by 2.8%

1 Beds
1 Baths
600-699 sq-ft

AVAILABLE: MAY 1: Secure it before it is GONE. Welcome to Lackner Ridge Condos, where contemporary design meets everyday convenience. This bright and

38 Photos

181 King Street S, Waterloo, ON , MLS #X13085820 , Image - 1

Unit-1009, 181 King Street S Waterloo, ON MLS® X13085820

Residential Condo & Other (Condo Apartment)

$1925.0

1 Beds
1 Baths
600-699 sq-ft

Welcome to the gorgeous Circa 1877 Condos! This sophisticated 1 bedroom, 1 bathroom smart home comes with internet included. The open concept layout f

19 Photos

15 Wellington Street, Waterloo, ON , MLS #X12956458 , Image - 1

Unit-1812, 15 Wellington Street Kitchener, Waterloo, ON MLS® X12956458

Residential Condo & Other (Common Element Condo)

$2100.0

1 Beds
1 Baths
600-699 sq-ft

Beautiful & Spacious 1 Bed Corner Suite Has Floor to Ceiling Windows With An Unobstructed View Overlooking King & Wellington. Plenty of Natural Light

15 Photos

139 Byron Avenue, Waterloo, ON , MLS #X13081474 , Image - 1

Unit-Lower, 139 Byron Avenue Kitchener, Waterloo, ON MLS® X13081474

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

22 Photos

250 Albert Street, Waterloo, ON , MLS #X13073504 , Image - 1

Unit-620, 250 Albert Street Waterloo, ON MLS® X13073504

Residential Condo & Other (Condo Apartment)

$1650.0

1 Beds
1 Baths
0-499 sq-ft

This standout Sage investment opportunity is perfectly positioned in the vibrantcore of Waterloo's university district, offering an ideal entry point

50 Photos

50 Grand Avenue S, Waterloo, ON , MLS #X13072790 , Image - 1

Unit-1701, 50 Grand Avenue S Cambridge, Waterloo, ON MLS® X13072790

Residential Condo & Other (Common Element Condo)

$2850.0

2 Beds
2 Baths
1000-1199 sq-ft

Step into upscale living at Suite 1701 50 Grand Ave, located in the vibrant Gaslight District. This stunning 2-bedroom, 2-bath condo offers sophistica

27 Photos

275 Larch Street, Waterloo, ON , MLS #X13070608 , Image - 1

Unit-H101, 275 Larch Street Waterloo, ON MLS® X13070608

Residential Condo & Other (Condo Apartment)

$2400.0

2 Beds
2 Baths
700-799 sq-ft

This stylish 2-bedroom, 2-bathroom condo offers modern living in the heart of Waterloo, just minutes from the university. With an open-concept layout,

35 Photos

555 Mariner Drive Waterloo, ON MLS® X13068850

Residential Freehold (Att/Row/Townhouse)

$3250.0

3 Beds
3 Baths
1100-1500 sq-ft

Experience comfort and convenience in this vibrant 3-bedroom townhome at 555 Mariner Drive, available for move-in July 1st. Located in the sought-afte

8 Photos

128 King Street N, Waterloo, ON , MLS #X13065000 , Image - 1

Unit-508, 128 King Street N Waterloo, ON MLS® X13065000

Residential Condo & Other (Condo Apartment)

$1900.0

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

Welcome To One28 Condos On King Street. This modern Uptown Waterloo Condo Comes With 9 Feet Ceiling and a bright, open concept layout. The spacious 1

36 Photos

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

159 Wellington Street Cambridge, Waterloo, ON MLS® X12884374

Residential Freehold (Semi-Detached )

$2699.0

Reduced by 6.9%

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

22 Photos

107 Roger Street, Waterloo, ON , MLS #X13056400 , Image - 1

Unit-502, 107 Roger Street Waterloo, ON MLS® X13056400

Residential Condo & Other (Condo Apartment)

$2400.0

2 Beds
2 Baths
900-999 sq-ft

Experience modern luxury with this 969 sq. ft. corner-unit condo available for lease in Uptown Waterloo. This spacious home features 2 bedrooms, 2 bat

36 Photos

15 Wellington Street S, Waterloo, ON , MLS #X13024226 , Image - 1

Unit-2414, 15 Wellington Street S Kitchener, Waterloo, ON MLS® X13024226

Residential Condo & Other (Condo Apartment)

$1750.0

1 Beds
1 Baths
500-599 sq-ft

Experience elevated urban living in this sophisticated one-bedroom, one-bathroom residence at Station Park Kitchener's premier address in the heart of

10 Photos

55 Duke Street W, Waterloo, ON , MLS #X13029742 , Image - 1

Unit-1501, 55 Duke Street W Kitchener, Waterloo, ON MLS® X13029742

Residential Condo & Other (Condo Apartment)

$2450.0

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

13 Photos

60 Frederick Street, Waterloo, ON , MLS #X13020334 , Image - 1

Unit-1108, 60 Frederick Street Kitchener, Waterloo, ON MLS® X13020334

Residential Condo & Other (Condo Apartment)

$1450.0

1 Beds
1 Baths
500-599 sq-ft

Welcome to Most Desired Modern Living at Kitchener Downtown. Just Like New Condo Apartment At 60 Frederick Street, situated in the tallest tower in th

11 Photos

85 Duke Street W, Waterloo, ON , MLS #X13017940 , Image - 1

Unit-1609, 85 Duke Street W Kitchener, Waterloo, ON MLS® X13017940

Residential Condo & Other (Condo Apartment)

$2580.0

2 Beds
2 Baths
1000-1199 sq-ft

Move In And Enjoy This Spacious And Functional Unit. 9ft ceiling, Minutes Walk To Pharmacy And Medical School, Shops, City Hall And Etc. Located In Th

9 Photos

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

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

Residential Freehold (Fourplex)

$1700.0

Reduced by 4.2%

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

12 Photos

52 Walter Street, Waterloo, ON , MLS #X12992068 , Image - 1

52 Walter Street Kitchener, Waterloo, ON MLS® X12992068

Residential Freehold (Semi-Detached )

$1900.0

2 Beds
1 Baths
700-1100 sq-ft

Welcome to 52 Walter Street, a charming semi-detached home available for lease in the heart of downtown Kitchener. This well-maintained two bedroom, o

12 Photos

301 Freure Drive, Waterloo, ON , MLS #X12989870 , Image - 1

301 Freure Drive Cambridge, Waterloo, ON MLS® X12989870

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

30 Photos

55 Duke Street W, Waterloo, ON , MLS #X12974090 , Image - 1

Unit-1709, 55 Duke Street W Kitchener, Waterloo, ON MLS® X12974090

Residential Condo & Other (Condo Apartment)

$2600.0

2 Beds
2 Baths
900-999 sq-ft

Need a Furnished Unit...Welcome to 55 Duke Street West, Unit 1709, Kitchener! This Bright & Spacious 996 Sq Ft Corner End Unit with Wrap Around 167 Sq

47 Photos

318 Spruce Street, Waterloo, ON , MLS #X12968828 , Image - 1

Unit-406, 318 Spruce Street Waterloo, ON MLS® X12968828

Residential Condo & Other (Condo Apartment)

$1700.0

1 Beds
1 Baths
500-599 sq-ft

***Fully Furnished 1-Bedroom Unit - Luxury Sage Living***Perfect for students and professionals alike, this beautifully furnished 1-bedroom suite offe

15 Photos

40 Palace Street, Waterloo, ON , MLS #X12957558 , Image - 1

Unit-M17, 40 Palace Street Kitchener, Waterloo, ON MLS® X12957558

Residential Condo & Other (Condo Townhouse)

$1650.0

1 Beds
1 Baths
500-599 sq-ft

Spacious 1-Bedroom Apartment with Modern Amenities This bright and spacious 1-bedroom, 1-bathroom apartment offers an open-concept living area, perfec

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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?