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December 2025 · Waterloo
Average Rent in Waterloo — December 2025
32 confirmed residential leases in Waterloo in December 2025. Average rent $2,327/month. Mixed conditions across property types.
Avg Lease Price $2,327/mo
Median Lease $2,200/mo
Avg Asking $2,360/mo
Lease / Ask 98.6%
Leased Over Asking 9.4%
Avg DOM 54 days
Total Leased
32
all residential
Avg Lease Price
$2,327
per month
Median Lease
$2,200
mid-point
Lease / Ask
98.6%
avg ratio
Over Asking
9.4%
of all leases
Avg DOM
54
days on market
Lease Prices by Property Type
Waterloo · December 2025
💰 Lease Price Summary
Average Lease $2,327/mo
Median Lease $2,200/mo
Avg Asking Rent $2,360/mo
Lowest Lease $875
Highest Lease $4,720
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 9.4%
Leased at asking 50.0%
Leased under asking 40.6%
Avg Days on Market 54 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.4% over vs 40.6% under asking.
💰 Lease Price Summary
Average Lease $2,143/mo
Median Lease $2,148/mo
Avg Asking Rent $2,171/mo
Lowest Lease $1,500
Highest Lease $3,600
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 50.0%
Leased under asking 41.7%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 41.7% under asking.
💰 Lease Price Summary
Average Lease $2,881/mo
Median Lease $2,875/mo
Avg Asking Rent $2,928/mo
Lowest Lease $875
Highest Lease $4,720
Lease / Ask Ratio 98.4%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 50.0%
Leased under asking 37.5%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 37.5% under asking.
💰 Lease Price Summary
Average Lease $2,817/mo
Median Lease $2,450/mo
Avg Asking Rent $2,817/mo
Lowest Lease $2,400
Highest Lease $3,600
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 33 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
🏗
No multi-unit data for December 2025
Not enough multi-unit lease transactions in
Waterloo this month to generate a summary.
Nearby Cities · December 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,290 | $2,325 | 98.8% | 50d | ⚖️ Balanced |
| Cambridge | $2,427 | $2,500 | 99.1% | 47d | ⚖️ Balanced |
| Guelph | $2,379 | $2,375 | 99.3% | 53d | ⚖️ Balanced |
| Woolwich | $2,975 | $2,975 | 100.0% | 47d | ⚖️ Balanced |
Frequently Asked Questions
Waterloo · December 2025
The average confirmed lease in Waterloo was $2,327/month in December 2025,
based on 32 MLS® transactions. The median was
$2,200/month.
Condos averaged $2,143/mo, freehold averaged $2,881/mo, and townhouses averaged $2,817/mo.
Units in Waterloo took an average of 54 days to lease in December 2025.
Freehold rentals averaged 44 days while condos averaged 58 days.
In December 2025, condos averaged $2,143/month while freehold rentals averaged $2,881/month —
a difference of $738/month.
Waterloo averaged $2,327/month in December 2025. Guelph averaged $2,379/mo. Kitchener averaged $2,290/mo. See the full December 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.
