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February 2026 · Waterloo
Average Rent in Waterloo — February 2026
20 confirmed residential leases in Waterloo in February 2026. Average rent $2,567/month. Mixed conditions across property types.
Avg Lease Price $2,567/mo
Median Lease $2,600/mo
Avg Asking $2,599/mo
Lease / Ask 98.8%
Leased Over Asking 5%
Avg DOM 51 days
Total Leased
20
all residential
Avg Lease Price
$2,567
per month
Median Lease
$2,600
mid-point
Lease / Ask
98.8%
avg ratio
Over Asking
5%
of all leases
Avg DOM
51
days on market
Lease Prices by Property Type
Waterloo · February 2026
💰 Lease Price Summary
Average Lease $2,567/mo
Median Lease $2,600/mo
Avg Asking Rent $2,599/mo
Lowest Lease $1,700
Highest Lease $3,500
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 5.0%
Leased at asking 75.0%
Leased under asking 20.0%
Avg Days on Market 51 days
Fast · 050Slow · 100+
⚖️ Balanced — 5% over vs 20% under asking.
💰 Lease Price Summary
Average Lease $2,254/mo
Median Lease $2,225/mo
Avg Asking Rent $2,306/mo
Lowest Lease $1,700
Highest Lease $3,500
Lease / Ask Ratio 97.7%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 58.3%
Leased under asking 33.3%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 33.3% under asking.
💰 Lease Price Summary
Average Lease $3,037/mo
Median Lease $3,050/mo
Avg Asking Rent $3,037/mo
Lowest Lease $2,600
Highest Lease $3,500
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 100.0%
Leased under asking 0.0%
Avg Days on Market 64 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
💰 Lease Price Summary
Average Lease $2,400/mo
Median Lease $2,450/mo
Avg Asking Rent $2,575/mo
Lowest Lease $2,000
Highest Lease $2,700
Lease / Ask Ratio 93.2%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 25.0%
Leased under asking 75.0%
Avg Days on Market 46 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 75% leased below asking. Avg 46 days on market.
🏗
No multi-unit data for February 2026
Not enough multi-unit lease transactions in
Waterloo this month to generate a summary.
Nearby Cities · February 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,226 | $2,050 | 99.0% | 56d | ⚖️ Balanced |
| Cambridge | $2,451 | $2,500 | 98.7% | 54d | ⚖️ Balanced |
| Guelph | $2,425 | $2,300 | 99.9% | 58d | ⚖️ Balanced |
| Wilmot | $2,950 | $2,950 | 100.0% | 61d | ⚖️ Balanced |
Frequently Asked Questions
Waterloo · February 2026
The average confirmed lease in Waterloo was $2,567/month in February 2026,
based on 20 MLS® transactions. The median was
$2,600/month.
Condos averaged $2,254/mo, freehold averaged $3,037/mo, and townhouses averaged $2,400/mo.
Units in Waterloo took an average of 51 days to lease in February 2026.
Freehold rentals averaged 64 days while condos averaged 43 days.
In February 2026, condos averaged $2,254/month while freehold rentals averaged $3,037/month —
a difference of $783/month.
Waterloo averaged $2,567/month in February 2026. Wilmot averaged $2,950/mo. Cambridge averaged $2,451/mo. See the full February 2026 Ontario lease summary →
Looking to rent in Waterloo?
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 Waterloo, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
