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March 2026 · Waterloo
Average Rent in Waterloo — March 2026
26 confirmed residential leases in Waterloo in March 2026. Average rent $2,216/month. Mixed conditions across property types.
Avg Lease Price $2,216/mo
Median Lease $2,075/mo
Avg Asking $2,240/mo
Lease / Ask 99.0%
Leased Over Asking 11.5%
Avg DOM 53 days
Total Leased
26
all residential
Avg Lease Price
$2,216
per month
Median Lease
$2,075
mid-point
Lease / Ask
99.0%
avg ratio
Over Asking
11.5%
of all leases
Avg DOM
53
days on market
Lease Prices by Property Type
Waterloo · March 2026
💰 Lease Price Summary
Average Lease $2,216/mo
Median Lease $2,075/mo
Avg Asking Rent $2,240/mo
Lowest Lease $950
Highest Lease $4,000
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 11.5%
Leased at asking 53.8%
Leased under asking 34.6%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.5% over vs 34.6% under asking.
💰 Lease Price Summary
Average Lease $2,114/mo
Median Lease $2,050/mo
Avg Asking Rent $2,141/mo
Lowest Lease $1,745
Highest Lease $3,000
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 5.9%
Leased at asking 58.8%
Leased under asking 35.3%
Avg Days on Market 52 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.9% over vs 35.3% under asking.
💰 Lease Price Summary
Average Lease $2,327/mo
Median Lease $2,395/mo
Avg Asking Rent $2,340/mo
Lowest Lease $950
Highest Lease $4,000
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 28.6%
Leased at asking 42.9%
Leased under asking 28.6%
Avg Days on Market 51 days
Fast · 050Slow · 100+
⚖️ Balanced — 28.6% over vs 28.6% under asking.
💰 Lease Price Summary
Average Lease $2,517/mo
Median Lease $2,500/mo
Avg Asking Rent $2,550/mo
Lowest Lease $2,350
Highest Lease $2,700
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 33.3%
Leased under asking 66.7%
Avg Days on Market 60 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 66.7% leased below asking. Avg 60 days on market.
💰 Lease Price Summary
Average Lease $2,695/mo
Median Lease $2,695/mo
Avg Asking Rent $2,695/mo
Lowest Lease $2,695
Highest Lease $2,695
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 51 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · March 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,167 | $2,100 | 98.0% | 54d | ⚖️ Balanced |
| Cambridge | $2,471 | $2,575 | 98.7% | 65d | ⚖️ Balanced |
| Guelph | $2,413 | $2,350 | 99.0% | 66d | ⚖️ Balanced |
| Woolwich | $2,500 | $2,500 | 98.0% | 69d | 🧊 Renter-Friendly |
| Wilmot | $2,895 | $2,895 | 100.0% | 5d | ⚖️ Balanced |
Frequently Asked Questions
Waterloo · March 2026
The average confirmed lease in Waterloo was $2,216/month in March 2026,
based on 26 MLS® transactions. The median was
$2,075/month.
Condos averaged $2,114/mo, freehold averaged $2,327/mo, and townhouses averaged $2,517/mo.
Units in Waterloo took an average of 53 days to lease in March 2026.
Freehold rentals averaged 51 days while condos averaged 52 days.
In March 2026, condos averaged $2,114/month while freehold rentals averaged $2,327/month —
a difference of $213/month.
Waterloo averaged $2,216/month in March 2026. Guelph averaged $2,413/mo. Kitchener averaged $2,167/mo. See the full March 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.
