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Houses for Rent in Waterloo, ON

Showing results 1 - 30 of 595

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: November 09, 2026

32 Photos

155 Greenbrier Road, Waterloo, ON , MLS #X14164008 , Image - 1

Unit-101, 155 Greenbrier Road Cambridge, Waterloo, ON MLS® X14164008

Residential Condo & Other (Condo Apartment)

$2175.0

1 +1 Beds
1 Baths
700-799 sq-ft

Welcome to Aspen Rentals, a brand-new rental community at 155 Greenbrier Road in South Cambridge. Discover the Alpine, a thoughtfully designed 1-bedro

10 Photos

30 Francis Street, Waterloo, ON , MLS #X14163988 , Image - 1

Unit-3010, 30 Francis Street Kitchener, Waterloo, ON MLS® X14163988

Residential Condo & Other (Condo Apartment)

$1850.0

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

Take your downtown lifestyle to the 30th floor at TEK Tower. This one-bedroom-plus-den suite offers southwest exposure, city views and two bathrooms.

14 Photos

284 Lawrence Avenue, Waterloo, ON , MLS #X14163854 , Image - 1

284 Lawrence Avenue Kitchener, Waterloo, ON MLS® X14163854

Residential Freehold (Detached)

$1800.0

2 Beds
2 Baths
700-1100 sq-ft

Welcome to 284 Lawrence Avenue! Excellent opportunity to lease a detached home situated on a rare extra-deep 156 ft lot in Kitchener's established Vic

10 Photos

55 Seabrook Drive, Waterloo, ON , MLS #X14101878 , Image - 1

55 Seabrook Drive Kitchener, Waterloo, ON MLS® X14101878

Residential Freehold (Detached)

$2699.0

Reduced by 1.9%

3 Beds
3 Baths
1500-2000 sq-ft

Whole House for rent, ( Pictures are old before renting ) 3 Bedrooms , 3 Washroom , Complete House for rent with unfinished basement, Ensuite Bathroom

22 Photos

22 Roberts Crescent, Waterloo, ON , MLS #X14163606 , Image - 1

22 Roberts Crescent Kitchener, Waterloo, ON MLS® X14163606

Residential Freehold (Detached)

$1695.0

0 +2 Beds
1 Baths
< 700 sq-ft

Welcome to 22 Roberts Crescent in Kitchener! This immaculate and beautifully maintained lower-level unit offers approximately 810 sq. ft. of comfortab

33 Photos

60 CHARLES W Street, Waterloo, ON , MLS #X14161884 , Image - 1

Unit-303, 60 CHARLES W Street Kitchener, Waterloo, ON MLS® X14161884

Residential Condo & Other (Condo Apartment)

$1649.0

1 Beds
1 Baths
500-599 sq-ft

Gorgeous 1-bedroom condo unit with many upgrades is available for rent starting January 5th 2027! WATER, HEATING, HIGH-SPEED INTERNET - ARE INCLUDED I

16 Photos

44 Windale Crescent, Waterloo, ON , MLS #X14155520 , Image - 1

44 Windale Crescent Kitchener, Waterloo, ON MLS® X14155520

Residential Freehold (Detached)

$2650.0

3 Beds
2 Baths
1100-1500 sq-ft

Welcome to this beautifully updated 3-bedroom detached home in the highly sought-after Laurentian Hills/Country Hills West neighbourhood, conveniently

19 Photos

304 Purple Sage Crescent, Waterloo, ON , MLS #X14033908 , Image - 1

304 Purple Sage Crescent Kitchener, Waterloo, ON MLS® X14033908

Residential Freehold (Detached)

$2500.0

Reduced by 3.8%

3 Beds
2 Baths
1500-2000 sq-ft

Welcome to 304 Purple Sage Crescent, Kitchener! This beautiful three-bedroom legal duplex home with a garage and a wide driveway is located in a quiet

9 Photos

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

40 Pleasant Avenue Kitchener, Waterloo, ON MLS® X13828684

Residential Freehold (Detached)

$2299.0

Reduced by 8.0%

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

24 Photos

15 CHELSEA Road, Waterloo, ON , MLS #X14162930 , Image - 1

Unit-Upper, 15 CHELSEA Road Kitchener, Waterloo, ON MLS® X14162930

Residential Freehold (Detached)

$2100.0

3 +0 Beds
2 Baths
700-1100 sq-ft

Rare opportunity to own a detached bungalow in a beautiful, mature, tree-lined neighbourhood. Ideally located close to schools, conservation areas, pa

21 Photos

24 Morrison Road, Waterloo, ON , MLS #X14141890 , Image - 1

Unit-C4, 24 Morrison Road Kitchener, Waterloo, ON MLS® X14141890

Residential Condo & Other (Condo Townhouse)

$2200.0

Reduced by 8.3%

3 Beds
2 Baths
1200-1399 sq-ft

Be A Part Of Kitchener's Family-Friendly Condo Community Of Morrison Woods! This 2-Storey, 3 Bedroom, 1.5 Bath Stacked Town With Large Balcony Feature

3 Photos

17 Wilkinson Avenue, Waterloo, ON , MLS #X13870960 , Image - 1

17 Wilkinson Avenue Cambridge, Waterloo, ON MLS® X13870960

Residential Freehold (Att/Row/Townhouse)

$2600.0

3 Beds
3 Baths
1100-1500 sq-ft

Welcome home to this beautiful 1477 sq.ft. end unit townhouse located in a highly desirable neighborhood minutes away Conestoga College, Cambridge Mem

13 Photos

60 Frederick Street, Waterloo, ON , MLS #X13834974 , Image - 1

Unit-1209, 60 Frederick Street Kitchener, Waterloo, ON MLS® X13834974

Residential Condo & Other (Condo Apartment)

$1900.0

Reduced by 2.6%

2 Beds
2 Baths
700-799 sq-ft

***Corner Unit*** Featuring 2 bedrooms and 2 bathrooms. Well-Designed Layout in a Prime Location w/ Stunning Views. The Unit is Outfitted with Contemp

12 Photos

321 Spruce Street, Waterloo, ON , MLS #X14136786 , Image - 1

Unit-309, 321 Spruce Street Waterloo, ON MLS® X14136786

Residential Condo & Other (Common Element Condo)

$1995.0

Reduced by 2.7%

2 +1 Beds
1 Baths
600-699 sq-ft

Spacious 2-Bedroom, 1-Bathroom Apartment in Prime Location - $2,050/month. This bright and spacious 2-bedroom, 1-bathroom apartment offers

21 Photos

55 Duke Street W, Waterloo, ON , MLS #X14161008 , Image - 1

Unit-2303, 55 Duke Street W Kitchener, Waterloo, ON MLS® X14161008

Residential Condo & Other (Condo Apartment)

$2499.0

2 Beds
2 Baths
1000-1199 sq-ft

Discover modern urban living in the heart of Downtown Kitchener! This stunning, never-lived-in two-bedroom corner unit, offering more than 1000 sq. f

35 Photos

152 Steeplechase Way Waterloo, ON MLS® X14144648

Residential Freehold (Detached)

$3500.0

4 Beds
3 Baths
2000-2500 sq-ft

4 Bedrooms, 2.5 Baths Spacious Detached. 2 Car Garage, Bright And Open Concept Layout Features A Living Room, Large Kitchen, Breakfast Area, Family Ro

21 Photos

6587 ELLIS Road, Waterloo, ON , MLS #X14125722 , Image - 1

6587 ELLIS Road Cambridge, Waterloo, ON MLS® X14125722

Residential Freehold (Detached)

$2599.0

3 Beds
1 Baths
700-1100 sq-ft

Rare Leasing Opportunity - Rural Living Just Minutes from the City! Enjoy the best of both worlds with this beautifully updated, renovated bungalow of

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)

$1750.0

Reduced by 10.3%

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

22 Photos

525 New Dundee Road, Waterloo, ON , MLS #X14161264 , Image - 1

Unit-217, 525 New Dundee Road Kitchener, Waterloo, ON MLS® X14161264

Residential Condo & Other (Condo Apartment)

$2050.0

1 Beds
1 Baths
800-899 sq-ft

EXQUISITE 1 BED 1 BATH BRANDNEW NEVER LIVED IN CONDOMINUM WITH PARKING AND ENSUIT LAUNDRY, IN A HIGHLY DESIRABLE COMMUNIY OF RAINBOW FLATS. DON'T MISS

28 Photos

15 Wellington Street S, Waterloo, ON , MLS #X13788832 , Image - 1

Unit-808, 15 Wellington Street S Kitchener, Waterloo, ON MLS® X13788832

Residential Condo & Other (Condo Apartment)

$1750.0

Reduced by 5.4%

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

Functional 1 Bedroom + Large Den versatile Layout at Station Park. Enjoy abundant natural light and beautiful sunset views from this thoughtfully desi

10 Photos

931 Glasgow Street, Waterloo, ON , MLS #X14161138 , Image - 1

Unit-15C, 931 Glasgow Street Kitchener, Waterloo, ON MLS® X14161138

Residential Condo & Other (Condo Townhouse)

$2450.0

3 Beds
2 Baths
1400-1599 sq-ft

Enjoy this family-friendly, maintenance-free 3 Bed 1.5 bath 1500 sq ft townhouse with no rear neighbors. Includes 2 PARKING SPOTS. Main floor features

21 Photos

228 Westcourt Place Waterloo, ON MLS® X14161078

Residential Condo & Other (Condo Townhouse)

$2700.0

5 Beds
3 Baths
1200-1399 sq-ft

Welcome to 228 Westcourt Place - Prime Waterloo Location! This bright and spacious 5-bedroom, 3-bathroom townhouse offers an excellent layout for stud

10 Photos

13 Lowell Street S, Waterloo, ON , MLS #X14161016 , Image - 1

Unit-(Basement), 13 Lowell Street S Waterloo, ON MLS® X14161016

Residential Freehold (Detached)

$1700.0

0 +2 Beds
1 Baths
< 700 sq-ft

$1700.00 All Inclusive - Available Immediately! Sought after East Galt location for this basement bungalow apartment. Two bedrooms, one bathroom. Insu

13 Photos

30 Francis Street S, Waterloo, ON , MLS #X14137416 , Image - 1

Unit-3304, 30 Francis Street S Kitchener, Waterloo, ON MLS® X14137416

Residential Condo & Other (Condo Apartment)

$1750.0

1 Beds
1 Baths
0-499 sq-ft

Be the first one to live in the highest building in Kitchener Waterloo with luxury finishes, amazing amenities and unbeatable location! This brand new

13 Photos

30 Francis Street S, Waterloo, ON , MLS #X14146590 , Image - 1

Unit-902, 30 Francis Street S Kitchener, Waterloo, ON MLS® X14146590

Residential Condo & Other (Condo Apartment)

$1650.0

1 Beds
1 Baths
0-499 sq-ft

Be the first one to live in the highest building in Kitchener Waterloo with luxury finishes, amazing amenities and unbeatable location! This brand new

10 Photos

30 Francis Street S, Waterloo, ON , MLS #X14151832 , Image - 1

Unit-4302, 30 Francis Street S Kitchener, Waterloo, ON MLS® X14151832

Residential Condo & Other (Condo Apartment)

$3200.0

3 Beds
2 Baths
800-899 sq-ft

Be the first one to live in the highest building in Kitchener Waterloo with luxury finishes, amazing amenities and unbeatable location! This brand new

22 Photos

44 Heiman Street, Waterloo, ON , MLS #X13842150 , Image - 1

Unit-Unit # 3, 44 Heiman Street Kitchener, Waterloo, ON MLS® X13842150

Residential Freehold (Detached)

$1650.0

2 Beds
1 Baths
2000-2500 sq-ft

Welcome to 44 Heiman Street, Kitchener - Basement Unit #3, This legal basement, separate entrance, unit offers, 850 sft, a functional open-concept la

10 Photos

30 Francis Street S, Waterloo, ON , MLS #X14151634 , Image - 1

Unit-3301, 30 Francis Street S Kitchener, Waterloo, ON MLS® X14151634

Residential Condo & Other (Condo Apartment)

$2300.0

2 Beds
2 Baths
700-799 sq-ft

Be the first one to live in the highest building in Kitchener Waterloo with luxury finishes, amazing amenities and unbeatable location! This brand new

10 Photos

30 Francis Street S, Waterloo, ON , MLS #X14151476 , Image - 1

Unit-3808, 30 Francis Street S Kitchener, Waterloo, ON MLS® X14151476

Residential Condo & Other (Condo Apartment)

$2275.0

2 Beds
2 Baths
600-699 sq-ft

Be the first one to live in the highest building in Kitchener Waterloo with luxury finishes, amazing amenities and unbeatable location! This brand new

13 Photos

30 Francis Street S, Waterloo, ON , MLS #X14151242 , Image - 1

Unit-4309, 30 Francis Street S Kitchener, Waterloo, ON MLS® X14151242

Residential Condo & Other (Condo Apartment)

$1800.0

1 Beds
1 Baths
600-699 sq-ft

Be the first one to live in the highest building in Kitchener Waterloo with luxury finishes, amazing amenities and unbeatable location! This brand new

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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?