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August 2025 · Waterloo
Average Rent in Waterloo — August 2025
80 confirmed residential leases in Waterloo in August 2025. Average rent $2,291/month. Mixed conditions across property types.
Avg Lease Price $2,291/mo
Median Lease $2,200/mo
Avg Asking $2,323/mo
Lease / Ask 98.6%
Leased Over Asking 3.8%
Avg DOM 61 days
Total Leased
80
all residential
Avg Lease Price
$2,291
per month
Median Lease
$2,200
mid-point
Lease / Ask
98.6%
avg ratio
Over Asking
3.8%
of all leases
Avg DOM
61
days on market
Lease Prices by Property Type
Waterloo · August 2025
💰 Lease Price Summary
Average Lease $2,291/mo
Median Lease $2,200/mo
Avg Asking Rent $2,323/mo
Lowest Lease $1,500
Highest Lease $6,000
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 3.8%
Leased at asking 66.3%
Leased under asking 30.0%
Avg Days on Market 61 days
Fast · 050Slow · 100+
⚖️ Balanced — 3.8% over vs 30% under asking.
💰 Lease Price Summary
Average Lease $2,185/mo
Median Lease $2,200/mo
Avg Asking Rent $2,209/mo
Lowest Lease $1,650
Highest Lease $3,200
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 5.1%
Leased at asking 66.1%
Leased under asking 28.8%
Avg Days on Market 69 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.1% over vs 28.8% under asking.
💰 Lease Price Summary
Average Lease $2,608/mo
Median Lease $2,400/mo
Avg Asking Rent $2,668/mo
Lowest Lease $1,500
Highest Lease $6,000
Lease / Ask Ratio 97.7%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 63.2%
Leased under asking 36.8%
Avg Days on Market 37 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 36.8% under asking.
💰 Lease Price Summary
Average Lease $2,483/mo
Median Lease $2,300/mo
Avg Asking Rent $2,483/mo
Lowest Lease $2,300
Highest Lease $2,850
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 83 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
💰 Lease Price Summary
Average Lease $2,000/mo
Median Lease $2,000/mo
Avg Asking Rent $2,000/mo
Lowest Lease $2,000
Highest Lease $2,000
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 57 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · August 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,287 | $2,150 | 99.2% | 51d | ⚖️ Balanced |
| Cambridge | $2,584 | $2,650 | 99.3% | 53d | ⚖️ Balanced |
| Guelph | $2,641 | $2,500 | 99.4% | 49d | ⚖️ Balanced |
Frequently Asked Questions
Waterloo · August 2025
The average confirmed lease in Waterloo was $2,291/month in August 2025,
based on 80 MLS® transactions. The median was
$2,200/month.
Condos averaged $2,185/mo, freehold averaged $2,608/mo, and townhouses averaged $2,483/mo.
Units in Waterloo took an average of 61 days to lease in August 2025.
Freehold rentals averaged 37 days while condos averaged 69 days.
In August 2025, condos averaged $2,185/month while freehold rentals averaged $2,608/month —
a difference of $423/month.
Waterloo averaged $2,291/month in August 2025. Cambridge averaged $2,584/mo. Kitchener averaged $2,287/mo. See the full August 2025 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.
