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June 2025 · Waterloo
Average Rent in Waterloo — June 2025
40 confirmed residential leases in Waterloo in June 2025. Average rent $2,420/month. Mixed conditions across property types.
Avg Lease Price $2,420/mo
Median Lease $2,175/mo
Avg Asking $2,415/mo
Lease / Ask 100.2%
Leased Over Asking 10%
Avg DOM 58 days
Total Leased
40
all residential
Avg Lease Price
$2,420
per month
Median Lease
$2,175
mid-point
Lease / Ask
100.2%
avg ratio
Over Asking
10%
of all leases
Avg DOM
58
days on market
Lease Prices by Property Type
Waterloo · June 2025
💰 Lease Price Summary
Average Lease $2,420/mo
Median Lease $2,175/mo
Avg Asking Rent $2,415/mo
Lowest Lease $1,650
Highest Lease $4,500
Lease / Ask Ratio 100.2%
📊 Market Activity
Leased over asking 10.0%
Leased at asking 62.5%
Leased under asking 27.5%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 10% over vs 27.5% under asking.
💰 Lease Price Summary
Average Lease $2,137/mo
Median Lease $2,000/mo
Avg Asking Rent $2,157/mo
Lowest Lease $1,650
Highest Lease $3,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 10.0%
Leased at asking 60.0%
Leased under asking 30.0%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 10% over vs 30% under asking.
💰 Lease Price Summary
Average Lease $3,429/mo
Median Lease $3,575/mo
Avg Asking Rent $3,229/mo
Lowest Lease $1,800
Highest Lease $4,500
Lease / Ask Ratio 106.2%
📊 Market Activity
Leased over asking 16.7%
Leased at asking 83.3%
Leased under asking 0.0%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 16.7% over vs 0% under asking.
💰 Lease Price Summary
Average Lease $2,802/mo
Median Lease $2,873/mo
Avg Asking Rent $2,870/mo
Lowest Lease $1,975
Highest Lease $3,552
Lease / Ask Ratio 97.6%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 50.0%
Leased under asking 50.0%
Avg Days on Market 53 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 50% leased below asking. Avg 53 days on market.
🏗
No multi-unit data for June 2025
Not enough multi-unit lease transactions in
Waterloo this month to generate a summary.
Nearby Cities · June 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,206 | $2,100 | 99.1% | 51d | ⚖️ Balanced |
| Cambridge | $2,516 | $2,625 | 99.5% | 48d | ⚖️ Balanced |
| Guelph | $2,681 | $2,500 | 99.6% | 54d | ⚖️ Balanced |
| Woolwich | $3,025 | $3,025 | 99.2% | 62d | 🧊 Renter-Friendly |
Frequently Asked Questions
Waterloo · June 2025
The average confirmed lease in Waterloo was $2,420/month in June 2025,
based on 40 MLS® transactions. The median was
$2,175/month.
Condos averaged $2,137/mo, freehold averaged $3,429/mo, and townhouses averaged $2,802/mo.
Units in Waterloo took an average of 58 days to lease in June 2025.
Freehold rentals averaged 53 days while condos averaged 60 days.
In June 2025, condos averaged $2,137/month while freehold rentals averaged $3,429/month —
a difference of $1,292/month.
Waterloo averaged $2,420/month in June 2025. Cambridge averaged $2,516/mo. Kitchener averaged $2,206/mo. See the full June 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.
