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July 2026 · Waterloo
Average Rent in Waterloo — July 2026
91 confirmed residential leases in Waterloo in July 2026. Average rent $2,205/month. Mixed conditions across property types.
Avg Lease Price $2,205/mo
Median Lease $2,130/mo
Avg Asking $2,224/mo
Lease / Ask 99.2%
Leased Over Asking 6.6%
Avg DOM 43 days
Previous Months
Total Leased
91
all residential
Avg Lease Price
$2,205
per month
Median Lease
$2,130
mid-point
Lease / Ask
99.2%
avg ratio
Over Asking
6.6%
of all leases
Avg DOM
43
days on market
Lease Prices by Property Type
Waterloo · July 2026
💰 Lease Price Summary
Average Lease $2,205/mo
Median Lease $2,130/mo
Avg Asking Rent $2,224/mo
Lowest Lease $800
Highest Lease $3,650
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 6.6%
Leased at asking 63.7%
Leased under asking 29.7%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.6% over vs 29.7% under asking.
💰 Lease Price Summary
Average Lease $2,130/mo
Median Lease $2,100/mo
Avg Asking Rent $2,149/mo
Lowest Lease $1,500
Highest Lease $3,650
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 2.8%
Leased at asking 64.8%
Leased under asking 32.4%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 2.8% over vs 32.4% under asking.
💰 Lease Price Summary
Average Lease $2,393/mo
Median Lease $2,500/mo
Avg Asking Rent $2,420/mo
Lowest Lease $800
Highest Lease $3,500
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 26.7%
Leased at asking 46.7%
Leased under asking 26.7%
Avg Days on Market 38 days
Fast · 050Slow · 100+
⚖️ Balanced — 26.7% over vs 26.7% under asking.
💰 Lease Price Summary
Average Lease $2,709/mo
Median Lease $2,700/mo
Avg Asking Rent $2,732/mo
Lowest Lease $1,850
Highest Lease $3,499
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 72.7%
Leased under asking 27.3%
Avg Days on Market 23 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 27.3% under asking.
🏗
No multi-unit data for July 2026
Not enough multi-unit lease transactions in
Waterloo this month to generate a summary.
Nearby Cities · July 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,206 | $2,100 | 99.2% | 28d | ⚖️ Balanced |
| Cambridge | $2,502 | $2,675 | 99.2% | 30d | ⚖️ Balanced |
| Guelph | $2,537 | $2,438 | 99.7% | 31d | ⚖️ Balanced |
| Woolwich | $2,775 | $2,775 | 98.2% | 20d | 🧊 Renter-Friendly |
Frequently Asked Questions
Waterloo · July 2026
The average confirmed lease in Waterloo was $2,205/month in July 2026,
based on 91 MLS® transactions. The median was
$2,130/month.
Condos averaged $2,130/mo, freehold averaged $2,393/mo, and townhouses averaged $2,709/mo.
Units in Waterloo took an average of 43 days to lease in July 2026.
Freehold rentals averaged 38 days while condos averaged 47 days.
In July 2026, condos averaged $2,130/month while freehold rentals averaged $2,393/month —
a difference of $263/month.
Waterloo averaged $2,205/month in July 2026. Kitchener averaged $2,206/mo. See the full July 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.
