Waterloo

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Waterloo, ON

Area Guide

Where innovation and chill vibes meet

Waterloo feels like a city that runs at a fast pace but still makes time for easy mornings with a fresh cup of coffee and leafy strolls. Tucked in Ontario’s Tri-Cities region, it blends campus buzz, startup energy, and a surprisingly chill pace. Locals spend their weekends at Waterloo Park, where trails wrap around a small lake and playgrounds echo with laughter. Uptown’s walkable blocks are dotted with indie cafés, bookstores, and bakeries, while the Ion light rail makes it easy to hop between errands and adventures without needing a car.

You will find a range of apartment communities that suit every pace—whether it’s a modern mid-rise near University Avenue, a townhouse along a quiet cul-de-sac, or a bright loft just steps from shopping. Many communities are designed with walkability and access in mind, offering quick routes to dining spots, greenspaces, and daily necessities.

With both the University of Waterloo and Wilfrid Laurier University in town, there's a constant hum of curiosity and culture. The city comes alive in August with the Busker Carnival, where street performers turn Uptown into a spontaneous festival. And when fall rolls in, Oktoberfest spills over from next-door Kitchener, filling Waterloo with parades, polka, and bratwurst. It’s a place where community and creativity go hand in hand—and you can feel right at home.

Rent Trends

As of August 2025, the average apartment rent in Waterloo, ON is C$1,430 for a studio, C$1,904 for one bedroom, C$2,227 for two bedrooms, and C$2,583 for three bedrooms. Apartment rent in Waterloo has decreased by -2.1% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
C$1,904/month
623 Sq Ft
House
C$2,411/month
24 Sq Ft
Townhome
C$1,416/month
358 Sq Ft
See Rental Market Trends in Waterloo, ON

Transportation

54

Somewhat Walkable

out of 100 WalkScore® Rating

You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.

56

Good Transit

out of 100 TransitScore® Rating

The area around this property has good transit with many nearby transportation options.

75

Very Bikeable

out of 100 BikeScore® Rating

This area is very bikeable. You’ll find a variety of bike paths and lanes.

Points of Interest

Top Apartments in Waterloo

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Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.