The HUB - 365 Albert
365 Albert St,
Waterloo, ON N2L 3V2
$1,792 - $2,935
1-2 Beds
Rental Market Trends in Waterloo, ON
What is the average rent in Waterloo, ON?
$1,917/month
Average Rent
623 Sq Ft
Average Apartment Size
-1.7%
Decrease in the Last Year
As of April 2026, the average rent in Waterloo, ON was $1,917/month. When you rent an apartment in Waterloo, you can expect to pay as little as $1,406 to as much as $2,564, depending on the location and size of the apartment.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Waterloo, ON?
In the past year, rent has decreased by 1.7%, which averages out to $32 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Waterloo, ON
Last Updated April 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
1%
$700 - $1,000/month
9%
$1,001 - $1,500/month
44%
$1,501 - $2,000/month
46%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Waterloo?
Based on current rent prices, Waterloo North-West, Waterloo University and Waterloo North-East are the most affordable neighborhoods in Waterloo.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Waterloo?
Based on current rent prices, Waterloo Uptown, Waterloo North-East and Waterloo University are the most expensive neighborhoods in Waterloo.
Neighborhood
Average Rent
Average Sq Ft
Which Waterloo neighborhoods have the most rentals available?
The neighborhoods in Waterloo with the most apartments available are Waterloo University, Waterloo North-West and Waterloo Uptown .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Waterloo, ON?
Because the average rent in Waterloo is $1,917, you’ll want to make about $6,390 per month or $76,680 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 Waterloo, ON compare to other nearby cities and neighborhoods?
Use the tool below to compare Waterloo, ON to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,430/month
$1,263/month
One Bedroom
$1,856/month
$1,827/month
Two Bedroom
$2,103/month
$2,226/month
Three Bedroom
$2,499/month
$2,459/month
Nearby City Rent Trends
Apartment communities in Waterloo we think you'll love
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.