The Grindstone
308 Parkside Dr,
Waterdown, ON L0R 2H0
2-3 Beds | $2,561 - $3,311
Rental Market Trends in Waterdown, ON
Updated August 2026
The average rent in Waterdown, ON is $1,556/month.
$1,556/month
Average Rent
509 Sq Ft
Average Size
+0.1%
Change / Year
34
Available Apartments
Waterdown rent varies by unit size and layout:
- Studio apartments in Waterdown average per month.
- One-bedroom apartments in Waterdown average $1,556 per month.
- Two-bedroom apartments in Waterdown average $2,626 per month.
- Three-bedroom apartments in Waterdown average $3,310 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Waterdown, ON?
In the past year, rent has increased by 0.1%, which averages out to $1 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Waterdown, ON
August 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
50%
Above $2,000/month
What salary do I need to live comfortably in Waterdown, ON?
Because the average rent in Waterdown is $1,556, you’ll want to make about $5,186 per month or $62,232 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Waterdown, ON compare to other nearby cities and neighbourhoods?
Use the tool below to compare Waterdown, ON to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Hamilton
Avg Rent: $1,598/month
-
Burlington
Avg Rent: $2,085/month
-
Dundas
Avg Rent: $2,030/month
-
Stoney Creek
Avg Rent: $1,462/month
-
York
Avg Rent: $1,404/month
-
Oakville
Avg Rent: $2,166/month
-
Milton
Avg Rent: $1,822/month
Apartment Communities in Waterdown We Think You'll Love
Frequently Asked Questions
What is the average rent in Waterdown?
The average rent in Waterdown is $1,556 per month, which is 10.9% lower than the national average of $1,746.
Are rents going up or down in Waterdown?
Rents in Waterdown, ON are increasing, with prices up 0.1% year-over-year and $1 more per month.
What rent range is most common in Waterdown?
In Waterdown, ON, 50% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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.
* Percentages may not total 100 due to rounding.