Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
July 2025 · Waterloo
Average Rent in Waterloo — July 2025
57 confirmed residential leases in Waterloo in July 2025. Average rent $2,489/month. Mixed conditions across property types.
Avg Lease Price $2,489/mo
Median Lease $2,300/mo
Avg Asking $2,499/mo
Lease / Ask 99.6%
Leased Over Asking 7%
Avg DOM 56 days
Total Leased
57
all residential
Avg Lease Price
$2,489
per month
Median Lease
$2,300
mid-point
Lease / Ask
99.6%
avg ratio
Over Asking
7%
of all leases
Avg DOM
56
days on market
Lease Prices by Property Type
Waterloo · July 2025
💰 Lease Price Summary
Average Lease $2,489/mo
Median Lease $2,300/mo
Avg Asking Rent $2,499/mo
Lowest Lease $1,200
Highest Lease $4,900
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 7.0%
Leased at asking 73.7%
Leased under asking 19.3%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 7% over vs 19.3% under asking.
💰 Lease Price Summary
Average Lease $2,249/mo
Median Lease $2,150/mo
Avg Asking Rent $2,259/mo
Lowest Lease $1,650
Highest Lease $3,899
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 2.8%
Leased at asking 77.8%
Leased under asking 19.4%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 2.8% over vs 19.4% under asking.
💰 Lease Price Summary
Average Lease $2,957/mo
Median Lease $3,100/mo
Avg Asking Rent $2,973/mo
Lowest Lease $1,200
Highest Lease $4,900
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 13.3%
Leased at asking 66.7%
Leased under asking 20.0%
Avg Days on Market 52 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.3% over vs 20% under asking.
💰 Lease Price Summary
Average Lease $2,858/mo
Median Lease $2,875/mo
Avg Asking Rent $2,858/mo
Lowest Lease $2,300
Highest Lease $3,899
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 75.0%
Leased under asking 16.7%
Avg Days on Market 45 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 16.7% under asking.
🏗
No multi-unit data for July 2025
Not enough multi-unit lease transactions in
Waterloo this month to generate a summary.
Nearby Cities · July 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,360 | $2,250 | 99.3% | 54d | ⚖️ Balanced |
| Cambridge | $2,578 | $2,700 | 99.3% | 40d | ⚖️ Balanced |
| Guelph | $2,672 | $2,550 | 100.4% | 48d | ⚖️ Balanced |
Frequently Asked Questions
Waterloo · July 2025
The average confirmed lease in Waterloo was $2,489/month in July 2025,
based on 57 MLS® transactions. The median was
$2,300/month.
Condos averaged $2,249/mo, freehold averaged $2,957/mo, and townhouses averaged $2,858/mo.
Units in Waterloo took an average of 56 days to lease in July 2025.
Freehold rentals averaged 52 days while condos averaged 58 days.
In July 2025, condos averaged $2,249/month while freehold rentals averaged $2,957/month —
a difference of $708/month.
Waterloo averaged $2,489/month in July 2025. Cambridge averaged $2,578/mo. Kitchener averaged $2,360/mo. See the full July 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.
