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April 2026 · Waterloo
Average Rent in Waterloo — April 2026
33 confirmed residential leases in Waterloo in April 2026. Average rent $2,298/month. Mixed conditions across property types.
Avg Lease Price $2,298/mo
Median Lease $2,279/mo
Avg Asking $2,322/mo
Lease / Ask 99.0%
Leased Over Asking 9.1%
Avg DOM 63 days
Previous Months
Total Leased
33
all residential
Avg Lease Price
$2,298
per month
Median Lease
$2,279
mid-point
Lease / Ask
99.0%
avg ratio
Over Asking
9.1%
of all leases
Avg DOM
63
days on market
Lease Prices by Property Type
Waterloo · April 2026
💰 Lease Price Summary
Average Lease $2,298/mo
Median Lease $2,279/mo
Avg Asking Rent $2,322/mo
Lowest Lease $1,550
Highest Lease $3,400
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 63.6%
Leased under asking 27.3%
Avg Days on Market 63 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 27.3% under asking.
💰 Lease Price Summary
Average Lease $2,152/mo
Median Lease $2,075/mo
Avg Asking Rent $2,178/mo
Lowest Lease $1,550
Highest Lease $3,000
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 59.1%
Leased under asking 31.8%
Avg Days on Market 59 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 31.8% under asking.
💰 Lease Price Summary
Average Lease $2,721/mo
Median Lease $2,800/mo
Avg Asking Rent $2,757/mo
Lowest Lease $2,000
Highest Lease $3,400
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 14.3%
Leased at asking 57.1%
Leased under asking 28.6%
Avg Days on Market 77 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.3% over vs 28.6% under asking.
💰 Lease Price Summary
Average Lease $2,687/mo
Median Lease $2,750/mo
Avg Asking Rent $2,741/mo
Lowest Lease $2,325
Highest Lease $3,000
Lease / Ask Ratio 98.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 66.7%
Leased under asking 33.3%
Avg Days on Market 70 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 33.3% under asking.
💰 Lease Price Summary
Average Lease $2,240/mo
Median Lease $2,295/mo
Avg Asking Rent $2,240/mo
Lowest Lease $1,725
Highest Lease $2,700
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 54 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · April 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,176 | $2,000 | 98.9% | 59d | ⚖️ Balanced |
| Cambridge | $2,442 | $2,575 | 98.9% | 55d | ⚖️ Balanced |
| Guelph | $2,478 | $2,500 | 99.3% | 59d | ⚖️ Balanced |
| Woolwich | $2,850 | $2,850 | 100.0% | 56d | ⚖️ Balanced |
| Wilmot | $2,100 | $2,100 | 100.0% | 16d | ⚖️ Balanced |
Frequently Asked Questions
Waterloo · April 2026
The average confirmed lease in Waterloo was $2,298/month in April 2026,
based on 33 MLS® transactions. The median was
$2,279/month.
Condos averaged $2,152/mo, freehold averaged $2,721/mo, and townhouses averaged $2,687/mo.
Units in Waterloo took an average of 63 days to lease in April 2026.
Freehold rentals averaged 77 days while condos averaged 59 days.
In April 2026, condos averaged $2,152/month while freehold rentals averaged $2,721/month —
a difference of $569/month.
Waterloo averaged $2,298/month in April 2026. Cambridge averaged $2,442/mo. Kitchener averaged $2,176/mo. See the full April 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.
