Rent report · Waterloo, Ontario · closed MLS® leases
Average Rent in Waterloo — November 2026 by Bedroom
The short answer
The median rent in Waterloo is $2,150 a month, based on 580 leases signed on the MLS® in the 12 months to November 2026 (average $2,262). A typical 1-bedroom leases for $1,800 and a 2-bedroom for $2,200. Over the last 90 days the median was $2,100 across 246 leases.
See Waterloo rentalsBy bedroom
Waterloo rent by bedroom
- Studio$1,650
- 1 bedroom$1,800
- 2 bedrooms$2,200
- 3 bedrooms$2,799
- 4+ bedrooms$3,300
Source: TRREB MLS® data, compiled by Summitly · as of November 8, 2026
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| Bedrooms | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Studio | $1,650 | 7 |
| 1 bedroom | $1,800 | 220 |
| 2 bedrooms | $2,200 | 179 |
| 3 bedrooms | $2,799 | 139 |
| 4+ bedrooms | $3,300 | 35 |
| Bedrooms | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Studio | $1,650 | $1,653 | 7 | $1,675 | $2,560 | — |
| 1 bedroom | $1,800 | $1,793 | 220 | $1,750 | $1,750 | $3.17 |
| 2 bedrooms | $2,200 | $2,236 | 179 | $2,199 | $2,163 | $2.67 |
| 3 bedrooms | $2,799 | $2,804 | 139 | $2,850 | $2,700 | $2.27 |
| 4+ bedrooms | $3,300 | $3,309 | 35 | $3,200 | $3,000 | $1.72 |
| All rentals | $2,150 | $2,262 | 580 | $2,100 | $2,055 | $2.75 |
By property type
Waterloo rent by property type
- Condo apartment$1,950
- House (detached / semi)$2,950
- Basement apartment$1,625
- Townhouse$2,600
Source: TRREB MLS® data, compiled by Summitly · as of November 8, 2026
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| Type | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Condo apartment | $1,950 | 351 |
| House (detached / semi) | $2,950 | 116 |
| Basement apartment | $1,625 | 10 |
| Townhouse | $2,600 | 78 |
| Type | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Condo apartment | $1,950 | $2,019 | 351 | $2,000 | $1,950 | $3.00 |
| House (detached / semi) | $2,950 | $2,879 | 116 | $3,100 | $2,595 | $2.15 |
| Basement apartment | $1,625 | $1,579 | 10 | $1,675 | $1,500 | $1.38 |
| Townhouse | $2,600 | $2,623 | 78 | $2,700 | $2,500 | $2.25 |
Trend
Waterloo median rent, last 24 months
Source: TRREB MLS® data, compiled by Summitly · as of November 8, 2026
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| Month | Median rent | Leases |
|---|---|---|
| Oct 2026 | $2,350 | 39 |
| Sep 2026 | $2,100 | 142 |
| Aug 2026 | $2,100 | 85 |
| Jul 2026 | $2,100 | 55 |
| Jun 2026 | $2,160 | 36 |
| May 2026 | $2,125 | 42 |
| Apr 2026 | $2,279 | 33 |
| Mar 2026 | $2,075 | 26 |
| Feb 2026 | $2,600 | 20 |
| Jan 2026 | $1,955 | 37 |
| Dec 2025 | $2,200 | 32 |
| Nov 2025 | $1,950 | 16 |
| Oct 2025 | $2,000 | 22 |
| Sep 2025 | $2,138 | 110 |
| Aug 2025 | $2,200 | 80 |
| Jul 2025 | $2,300 | 57 |
| Jun 2025 | $2,175 | 40 |
| May 2025 | $2,300 | 37 |
| Apr 2025 | $2,160 | 32 |
| Mar 2025 | $2,400 | 19 |
| Feb 2025 | $2,552 | 21 |
| Jan 2025 | $2,175 | 24 |
| Dec 2024 | $2,350 | 20 |
| Nov 2024 | $2,473 | 10 |
FAQ
Waterloo rent FAQs
What is the average rent in Waterloo?
In the 12 months to November 2026, 580 Waterloo rentals were leased through the MLS® at a median of $2,150 a month and an average of $2,262. The median is the better guide: a few luxury leases pull the average up.
How much is a 1-bedroom apartment in Waterloo?
The median 1-bedroom lease in Waterloo was $1,800 a month over the last 12 months (220 leases); 1-bedrooms listed for rent right now ask a median $1,750.
How much is a 2-bedroom rental in Waterloo?
A 2-bedroom in Waterloo leased for a median $2,200 a month over the last 12 months, across 179 leases.
Is it cheaper to rent a basement, condo or house in Waterloo?
Over the last 12 months the cheapest type was basement apartment at a median $1,625, and the most expensive was house (detached / semi) at $2,950. basement apartment $1,625, condo apartment $1,950, townhouse $2,600 and house (detached / semi) $2,950.
Are rents going up or down in Waterloo?
The median lease in Oct 2026 was $2,350, up 17.5% from $2,000 in Oct 2025. Monthly medians move with the mix of units leased, so read the 24-month trend rather than a single month.
Where do these rent figures come from?
They are medians and averages of closed leases recorded on the TRREB MLS® (the rent actually agreed, not the asking rent), refreshed November 2026. A figure is shown only when it covers at least 5 leases, so no single lease can be identified.
Sources & method
Where these rents come from.
- Rents are the monthly prices on leases that closed on the TRREB MLS® (status Leased), not asking rents, except the "Median asking now" column, which covers rentals listed today.
- The 12-month window runs to the data refresh date; the 90-day column covers the most recent 90 days. The trend shows complete calendar months only.
- Bedrooms are the above-grade bedroom count on the listing, so a 1-bedroom plus den counts as a 1-bedroom. Studios are listings with no bedrooms.
- Basement apartments are lower-level units or units numbered as a basement; houses are detached and semi-detached homes leased whole; townhouses include condo townhouses.
- Rents under $300 or over $50,000 a month are treated as data errors and excluded. Rent per square foot uses leases with an exact floor area only.
- Every figure covers at least 5 leases, so no individual lease can be identified. This page is indexed only when the city has at least 50 leases in 12 months.
Source: TRREB MLS® data, compiled by Summitly.
