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September 2026 · Waterloo
Average Rent in Waterloo — September 2026
35 confirmed residential leases in Waterloo in September 2026. Average rent $2,204/month. Mixed conditions across property types.
Avg Lease Price $2,204/mo
Median Lease $2,050/mo
Avg Asking $2,232/mo
Lease / Ask 98.8%
Leased Over Asking 5.7%
Avg DOM 27 days
Previous Months
Total Leased
35
all residential
Avg Lease Price
$2,204
per month
Median Lease
$2,050
mid-point
Lease / Ask
98.8%
avg ratio
Over Asking
5.7%
of all leases
Avg DOM
27
days on market
Lease Prices by Property Type
Waterloo · September 2026
💰 Lease Price Summary
Average Lease $2,204/mo
Median Lease $2,050/mo
Avg Asking Rent $2,232/mo
Lowest Lease $1,050
Highest Lease $4,000
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 5.7%
Leased at asking 68.6%
Leased under asking 25.7%
Avg Days on Market 27 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.7% over vs 25.7% under asking.
💰 Lease Price Summary
Average Lease $1,952/mo
Median Lease $2,000/mo
Avg Asking Rent $1,984/mo
Lowest Lease $1,050
Highest Lease $2,800
Lease / Ask Ratio 98.4%
📊 Market Activity
Leased over asking 7.7%
Leased at asking 61.5%
Leased under asking 30.8%
Avg Days on Market 26 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.7% over vs 30.8% under asking.
💰 Lease Price Summary
Average Lease $3,232/mo
Median Lease $3,350/mo
Avg Asking Rent $3,232/mo
Lowest Lease $1,800
Highest Lease $4,000
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 23 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
💰 Lease Price Summary
Average Lease $2,349/mo
Median Lease $2,450/mo
Avg Asking Rent $2,385/mo
Lowest Lease $1,695
Highest Lease $2,850
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 60.0%
Leased under asking 40.0%
Avg Days on Market 37 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 40% under asking.
💰 Lease Price Summary
Average Lease $1,650/mo
Median Lease $1,650/mo
Avg Asking Rent $1,650/mo
Lowest Lease $1,650
Highest Lease $1,650
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 77 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · September 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,279 | $2,200 | 99.0% | 30d | ⚖️ Balanced |
| Cambridge | $2,610 | $2,700 | 99.3% | 37d | ⚖️ Balanced |
| Guelph | $2,636 | $2,625 | 99.0% | 33d | ⚖️ Balanced |
| Woolwich | $2,950 | $2,950 | 103.5% | 89d | 🔥 High Demand |
Frequently Asked Questions
Waterloo · September 2026
The average confirmed lease in Waterloo was $2,204/month in September 2026,
based on 35 MLS® transactions. The median was
$2,050/month.
Condos averaged $1,952/mo, freehold averaged $3,232/mo, and townhouses averaged $2,349/mo.
Units in Waterloo took an average of 27 days to lease in September 2026.
Freehold rentals averaged 23 days while condos averaged 26 days.
In September 2026, condos averaged $1,952/month while freehold rentals averaged $3,232/month —
a difference of $1,280/month.
Waterloo averaged $2,204/month in September 2026. Kitchener averaged $2,279/mo. See the full September 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.
