minPriceVal

maxPriceVal

minSize

maxSize

Houses for Rent in Waterloo, ON

Showing results 1 - 30 of 59

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: June 26, 2026

47 Photos

318 Spruce Street, Waterloo, ON , MLS #X13454290 , Image - 1

Unit-406, 318 Spruce Street Waterloo, ON MLS® X13454290

Residential Condo & Other (Condo Apartment)

$1600.0

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

28 Photos

128 King Street, Waterloo, ON , MLS #X13474846 , Image - 1

Unit-1403, 128 King Street Waterloo, ON MLS® X13474846

Residential Condo & Other (Condo Apartment)

$1698.0

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

Welcome to Unit 1103 at ONE28 King Street North in the heart of Waterloo. This bright and spacious 1-bedroom + den condo features floor-to-ceiling win

36 Photos

15 Wellington Street S, Waterloo, ON , MLS #X13184454 , Image - 1

Unit-2414, 15 Wellington Street S Kitchener, Waterloo, ON MLS® X13184454

Residential Condo & Other (Condo Apartment)

$1600.0

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

1 Photos

Unit-2, 1381 Hwy 8 Highway Cambridge, Waterloo, ON MLS® X13485416

Residential Freehold (Other)

$1475.0

2 Beds
1 Baths
< 700 sq-ft

Amazing 2 Bedroom , 1 Washroom Unit, lots of parking space with a breath taking country side view. Cozy Bedrooms with Walk in Closet. Separate Laundry

14 Photos

525 New Dundee Road W, Waterloo, ON , MLS #X13482408 , Image - 1

Unit-412, 525 New Dundee Road W Kitchener, Waterloo, ON MLS® X13482408

Residential Condo & Other (Common Element Condo)

$2450.0

2 Beds
2 Baths
1000-1199 sq-ft

Welcome to your serene escape at Rainbow Lake Retreat! Now available for lease, this elegant 2 bedroom, 2 bathroom condo offers a tranquil living expe

12 Photos

55 Activa Avenue, Waterloo, ON , MLS #X13442750 , Image - 1

55 Activa Avenue Kitchener, Waterloo, ON MLS® X13442750

Residential Freehold (Detached)

$2900.0

3 Beds
3 Baths
1100-1500 sq-ft

Outstanding Location!. Located In A Prestigious Neighbourhood Of Laurentian Hills, Two-Story Single Detached Home With 3 Bedrooms And 2 Bathrooms And

21 Photos

205 West Oak Trail, Waterloo, ON , MLS #X13433184 , Image - 1

Unit-40, 205 West Oak Trail Kitchener, Waterloo, ON MLS® X13433184

Residential Condo & Other (Condo Townhouse)

$2100.0

2 Beds
1 Baths
800-899 sq-ft

Welcome to 40-205 West Oak Trail, Kitchener-a well-maintained and modern home located in a desirable community. This inviting unit offers a functional

13 Photos

110 Fergus Avenue, Waterloo, ON , MLS #X13174694 , Image - 1

Unit-422, 110 Fergus Avenue Kitchener, Waterloo, ON MLS® X13174694

Residential Condo & Other (Condo Apartment)

$1750.0

1 Beds
1 Baths
600-699 sq-ft

Welcome to this stylish and modern 1-bedroom condo perfectly suited for professionals seeking comfort and convenience in one of Kitchener's growing co

9 Photos

2 Hoddle Crescent, Waterloo, ON , MLS #X13477306 , Image - 1

2 Hoddle Crescent Kitchener, Waterloo, ON MLS® X13477306

Residential Freehold (Detached)

$1995.0

3 Beds
2 Baths
1100-1500 sq-ft

Available August 1st! Beautifully upgraded and carpet-free, this spacious 3-bedroom, 2 full bathroom lower-level suite offers comfortable family livin

16 Photos

407 Downsview Place Waterloo, ON MLS® X13474638

Residential Freehold (Att/Row/Townhouse)

$2650.0

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

8 Photos

280 Lester Street, Waterloo, ON , MLS #X13473130 , Image - 1

Unit-807, 280 Lester Street Waterloo, ON MLS® X13473130

Residential Condo & Other (Condo Apartment)

$1800.0

1 Beds
1 Baths
500-599 sq-ft

Welcome to Sage V at 280 Lester Street, an excellent opportunity for students seeking a convenient and comfortable place to call home. This top-floor

18 Photos

586 Victoria Street S, Waterloo, ON , MLS #X13472426 , Image - 1

Unit-4, 586 Victoria Street S Kitchener, Waterloo, ON MLS® X13472426

Residential Freehold (Multiplex)

$1800.0

1 Beds
1 Baths
< 700 sq-ft

Bright Modern and Spacious 1 Bedroom Unit with large windows and double closet on 586 Victoria Street S Kitchener. This unit has a luxury finished kit

6 Photos

586 Victoria Street S, Waterloo, ON , MLS #X13472434 , Image - 1

Unit-7, 586 Victoria Street S Kitchener, Waterloo, ON MLS® X13472434

Residential Freehold (Multiplex)

$1800.0

1 Beds
1 Baths
< 700 sq-ft

Bright Modern and Spacious 1 Bedroom Unit with large windows and double closet on 586 Victoria Street S Kitchener. This unit has a luxury finished kit

5 Photos

10 Thomas Gemmell Road, Waterloo, ON , MLS #X13428272 , Image - 1

10 Thomas Gemmell Road North Dumfries, Waterloo, ON MLS® X13428272

Residential Freehold (Detached)

$2950.0

4 Beds
3 Baths
2000-2500 sq-ft

Detached Home In The Family-Oriented Village of Ayr! This Home Features a Beautiful Brick and Stone Exterior. Just a Short Distance Away From Kitchene

4 Photos

365 Dale Crescent Waterloo, ON MLS® X13471810

Residential Freehold (Detached)

$700.0

2 Beds
2 Baths
1500-2000 sq-ft

Rent for one bedroom is 700 inclusive of utilities. 5 rooms available for rent, living, dining 2 washroom and kitchen are shared. Great location, clos

19 Photos

19 John Russell Lane, Waterloo, ON , MLS #X13222356 , Image - 1

19 John Russell Lane Kitchener, Waterloo, ON MLS® X13222356

Residential Freehold (Att/Row/Townhouse)

$2495.0

2 Beds
2 Baths
700-1100 sq-ft

Beautiful townhome in quiet neighborhood very clean available for lease for $2495.00 per month plus all utilities Located close to downtown Kitchener

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

20 Photos

586 Victoria Street S, Waterloo, ON , MLS #X13470214 , Image - 1

Unit-1, 586 Victoria Street S Kitchener, Waterloo, ON MLS® X13470214

Residential Freehold (Multiplex)

$1500.0

1 Beds
1 Baths
< 700 sq-ft

Bright Modern and Spacious 1 Bedroom Unit with large windows and double closet on 586 Victoria Street S Kitchener. This unit has a luxury finished kit

33 Photos

51 Sparrow Avenue, Waterloo, ON , MLS #X13462644 , Image - 1

Unit-56, 51 Sparrow Avenue Cambridge, Waterloo, ON MLS® X13462644

Residential Freehold (Att/Row/Townhouse)

$2500.0

3 Beds
3 Baths
1100-1500 sq-ft

Enjoy modern living in this bright and stylish 3-storey townhouse with 3 bedrooms and 3 bathrooms, including a 3-piece ensuite in the primary bedroom.

27 Photos

1 Victoria Street, Waterloo, ON , MLS #X13458496 , Image - 1

Unit-1712, 1 Victoria Street Kitchener, Waterloo, ON MLS® X13458496

Residential Condo & Other (Condo Apartment)

$2300.0

2 Beds
1 Baths
700-799 sq-ft

Welcome to Unit 1712 at One Victoria Condominiums - where urban living meets unbeatable convenience in the heart of Downtown Kitchener! This freshly p

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)

$1950.0

Reduced by 7.1%

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

11 Photos

55 Duke Street W, Waterloo, ON , MLS #X13451822 , Image - 1

Unit-1801, 55 Duke Street W Kitchener, Waterloo, ON MLS® X13451822

Residential Condo & Other (Condo Apartment)

$2499.0

2 Beds
2 Baths
800-899 sq-ft

Magnificent Well kept 2 Spacious Bedrooms, Master Bed with Ensuite & Walk-in Closet, 2 Bath Open Balcony with Wonderful City View, Beautiful Kitchen w

8 Photos

275 Larch Street, Waterloo, ON , MLS #X13259418 , Image - 1

Unit-G316, 275 Larch Street Waterloo, ON MLS® X13259418

Residential Condo & Other (Condo Apartment)

$2100.0

2 Beds
1 Baths
600-699 sq-ft

Fully furnished 2-bed, 1-bath apartment steps from both UW and Laurier. Move-in ready - everything you need is already here.Unit includes 2 beds with

14 Photos

15 Wellington Street S, Waterloo, ON , MLS #X13155674 , Image - 1

Unit-1705, 15 Wellington Street S Kitchener, Waterloo, ON MLS® X13155674

Residential Condo & Other (Condo Apartment)

$1699.0

Reduced by 5.6%

1 +0 Beds
1 Baths
500-599 sq-ft

Stunning 1-bedroom, 1-bath condo in the highly sought-after Station Park Condos, ideally located in the heart of Kitchener Innovation District. This m

15 Photos

139 Byron Avenue, Waterloo, ON , MLS #X13440342 , Image - 1

Unit-Lower, 139 Byron Avenue Kitchener, Waterloo, ON MLS® X13440342

Residential Freehold (Detached)

$1900.0

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! Thisspacious

11 Photos

60 Everglade Crescent, Waterloo, ON , MLS #X13436534 , Image - 1

60 Everglade Crescent Kitchener, Waterloo, ON MLS® X13436534

Residential Freehold (Detached)

$3000.0

3 Beds
3 Baths
1100-1500 sq-ft

Welcome to this beautifully maintained 3-bedroom, 2.5-bathroom home available for lease in one of Kitchener's highly sought-after central neighborhood

27 Photos

17 Stonehill Avenue, Waterloo, ON , MLS #X13435488 , Image - 1

17 Stonehill Avenue Kitchener, Waterloo, ON MLS® X13435488

Residential Freehold (Att/Row/Townhouse)

$3295.0

4 +1 Beds
5 Baths
2500-3000 sq-ft

Welcome home to 17 Stonehill Ave. Discover modern comfort and spacious living in this beautifully maintained 4 bedroom, 4.5 bathroom townhouse in one

13 Photos

630 Linden Drive E, Waterloo, ON , MLS #X13433874 , Image - 1

630 Linden Drive E Cambridge, Waterloo, ON MLS® X13433874

Residential Freehold (Att/Row/Townhouse)

$2500.0

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

Beautiful Bright And Spacious 4 Bedroom Townhouse For Lease. Family & Dining Combined With Open Concept Kitchen. Walkout To The Balcony. Separate Livi

17 Photos

8 Watermill Street, Waterloo, ON , MLS #X13431616 , Image - 1

8 Watermill Street Kitchener, Waterloo, ON MLS® X13431616

Residential Freehold (Att/Row/Townhouse)

$2950.0

3 Beds
3 Baths
1500-2000 sq-ft

Welcome to 8 Watermill Street, a beautifully maintained Mattamy-built home located in the sought-after Topper Woods community of Kitchener. This spaci

14 Photos

34 Burn Place, Waterloo, ON , MLS #X13421968 , Image - 1

Unit-2, 34 Burn Place Kitchener, Waterloo, ON MLS® X13421968

Residential Freehold (Detached)

$1895.0

2 Beds
1 Baths
700-1100 sq-ft

Perfect for young professionals/students. This bright and spacious unit features a modern kitchen, stainless steel appliances, stylish LVP flooring, n

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?