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January 2026 · Waterloo
Average Rent in Waterloo — January 2026
36 confirmed residential leases in Waterloo in January 2026. Average rent $2,135/month. Mixed conditions across property types.
Avg Lease Price $2,135/mo
Median Lease $1,978/mo
Avg Asking $2,170/mo
Lease / Ask 98.4%
Leased Over Asking 11.1%
Avg DOM 56 days
Total Leased
36
all residential
Avg Lease Price
$2,135
per month
Median Lease
$1,978
mid-point
Lease / Ask
98.4%
avg ratio
Over Asking
11.1%
of all leases
Avg DOM
56
days on market
Lease Prices by Property Type
Waterloo · January 2026
💰 Lease Price Summary
Average Lease $2,135/mo
Median Lease $1,978/mo
Avg Asking Rent $2,170/mo
Lowest Lease $1,100
Highest Lease $4,000
Lease / Ask Ratio 98.4%
📊 Market Activity
Leased over asking 11.1%
Leased at asking 50.0%
Leased under asking 38.9%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.1% over vs 38.9% under asking.
💰 Lease Price Summary
Average Lease $2,029/mo
Median Lease $1,950/mo
Avg Asking Rent $2,074/mo
Lowest Lease $1,100
Highest Lease $2,650
Lease / Ask Ratio 97.8%
📊 Market Activity
Leased over asking 11.5%
Leased at asking 42.3%
Leased under asking 46.2%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.5% over vs 46.2% under asking.
💰 Lease Price Summary
Average Lease $2,516/mo
Median Lease $2,650/mo
Avg Asking Rent $2,516/mo
Lowest Lease $1,300
Highest Lease $4,000
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 16.7%
Leased at asking 66.7%
Leased under asking 16.7%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 16.7% over vs 16.7% under asking.
💰 Lease Price Summary
Average Lease $2,512/mo
Median Lease $2,575/mo
Avg Asking Rent $2,650/mo
Lowest Lease $2,200
Highest Lease $2,700
Lease / Ask Ratio 94.8%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 25.0%
Leased under asking 75.0%
Avg Days on Market 54 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 75% leased below asking. Avg 54 days on market.
💰 Lease Price Summary
Average Lease $1,902/mo
Median Lease $1,903/mo
Avg Asking Rent $1,902/mo
Lowest Lease $1,850
Highest Lease $1,955
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 82 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · January 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,159 | $2,075 | 99.2% | 52d | ⚖️ Balanced |
| Cambridge | $2,457 | $2,500 | 98.7% | 54d | ⚖️ Balanced |
| Guelph | $2,524 | $2,350 | 100.2% | 53d | ⚖️ Balanced |
Frequently Asked Questions
Waterloo · January 2026
The average confirmed lease in Waterloo was $2,135/month in January 2026,
based on 36 MLS® transactions. The median was
$1,978/month.
Condos averaged $2,029/mo, freehold averaged $2,516/mo, and townhouses averaged $2,512/mo.
Units in Waterloo took an average of 56 days to lease in January 2026.
Freehold rentals averaged 42 days while condos averaged 58 days.
In January 2026, condos averaged $2,029/month while freehold rentals averaged $2,516/month —
a difference of $487/month.
Waterloo averaged $2,135/month in January 2026. Kitchener averaged $2,159/mo. See the full January 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.
