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May 2025 · Kitchener
Average Rent in Kitchener — May 2025
108 confirmed residential leases in Kitchener in May 2025. Average rent $2,294/month. Mixed conditions across property types.
Avg Lease Price $2,294/mo
Median Lease $2,200/mo
Avg Asking $2,324/mo
Lease / Ask 98.7%
Leased Over Asking 8.3%
Avg DOM 47 days
Total Leased
108
all residential
Avg Lease Price
$2,294
per month
Median Lease
$2,200
mid-point
Lease / Ask
98.7%
avg ratio
Over Asking
8.3%
of all leases
Avg DOM
47
days on market
Lease Prices by Property Type
Kitchener · May 2025
💰 Lease Price Summary
Average Lease $2,294/mo
Median Lease $2,200/mo
Avg Asking Rent $2,324/mo
Lowest Lease $1,575
Highest Lease $3,600
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 57.4%
Leased under asking 34.3%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 34.3% under asking.
💰 Lease Price Summary
Average Lease $2,131/mo
Median Lease $2,100/mo
Avg Asking Rent $2,165/mo
Lowest Lease $1,600
Highest Lease $2,900
Lease / Ask Ratio 98.4%
📊 Market Activity
Leased over asking 7.7%
Leased at asking 52.3%
Leased under asking 40.0%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.7% over vs 40% under asking.
💰 Lease Price Summary
Average Lease $2,570/mo
Median Lease $2,750/mo
Avg Asking Rent $2,604/mo
Lowest Lease $1,600
Highest Lease $3,600
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 7.4%
Leased at asking 63.0%
Leased under asking 29.6%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.4% over vs 29.6% under asking.
💰 Lease Price Summary
Average Lease $2,550/mo
Median Lease $2,550/mo
Avg Asking Rent $2,589/mo
Lowest Lease $1,800
Highest Lease $3,345
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 57.6%
Leased under asking 33.3%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 33.3% under asking.
💰 Lease Price Summary
Average Lease $1,731/mo
Median Lease $1,775/mo
Avg Asking Rent $1,756/mo
Lowest Lease $1,575
Highest Lease $1,800
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 75.0%
Leased under asking 25.0%
Avg Days on Market 64 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 25% under asking.
Nearby Cities · May 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Waterloo | $2,374 | $2,300 | 98.9% | 62d | ⚖️ Balanced |
| Cambridge | $2,537 | $2,600 | 98.8% | 49d | ⚖️ Balanced |
| Guelph | $2,490 | $2,350 | 99.7% | 59d | ⚖️ Balanced |
Frequently Asked Questions
Kitchener · May 2025
The average confirmed lease in Kitchener was $2,294/month in May 2025,
based on 108 MLS® transactions. The median was
$2,200/month.
Condos averaged $2,131/mo, freehold averaged $2,570/mo, and townhouses averaged $2,550/mo.
Units in Kitchener took an average of 47 days to lease in May 2025.
Freehold rentals averaged 50 days while condos averaged 47 days.
In May 2025, condos averaged $2,131/month while freehold rentals averaged $2,570/month —
a difference of $439/month.
Kitchener averaged $2,294/month in May 2025. Waterloo averaged $2,374/mo. See the full May 2025 Ontario lease summary →
Looking to rent in Kitchener?
Browse available rentals or connect with a local agent who knows the rental market.
Data note: Based on MLS® confirmed lease transaction data held in our system for Kitchener, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
