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June 2026 · Waterloo
Average Rent in Waterloo — June 2026
72 confirmed residential leases in Waterloo in June 2026. Average rent $2,291/month. Mixed conditions across property types.
Avg Lease Price $2,291/mo
Median Lease $2,175/mo
Avg Asking $2,302/mo
Lease / Ask 99.6%
Leased Over Asking 8.3%
Avg DOM 32 days
Previous Months
Total Leased
72
all residential
Avg Lease Price
$2,291
per month
Median Lease
$2,175
mid-point
Lease / Ask
99.6%
avg ratio
Over Asking
8.3%
of all leases
Avg DOM
32
days on market
Lease Prices by Property Type
Waterloo · June 2026
💰 Lease Price Summary
Average Lease $2,291/mo
Median Lease $2,175/mo
Avg Asking Rent $2,302/mo
Lowest Lease $1,400
Highest Lease $3,800
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 66.7%
Leased under asking 25.0%
Avg Days on Market 32 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 25% under asking.
💰 Lease Price Summary
Average Lease $2,120/mo
Median Lease $1,963/mo
Avg Asking Rent $2,127/mo
Lowest Lease $1,550
Highest Lease $3,550
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 6.0%
Leased at asking 64.0%
Leased under asking 30.0%
Avg Days on Market 37 days
Fast · 050Slow · 100+
⚖️ Balanced — 6% over vs 30% under asking.
💰 Lease Price Summary
Average Lease $2,665/mo
Median Lease $2,800/mo
Avg Asking Rent $2,661/mo
Lowest Lease $1,400
Highest Lease $3,800
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 15.8%
Leased at asking 78.9%
Leased under asking 5.3%
Avg Days on Market 20 days
Fast · 050Slow · 100+
⚖️ Balanced — 15.8% over vs 5.3% under asking.
💰 Lease Price Summary
Average Lease $2,669/mo
Median Lease $2,650/mo
Avg Asking Rent $2,744/mo
Lowest Lease $2,500
Highest Lease $2,950
Lease / Ask Ratio 97.3%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 50.0%
Leased under asking 50.0%
Avg Days on Market 28 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 50% leased below asking. Avg 28 days on market.
🏗
No multi-unit data for June 2026
Not enough multi-unit lease transactions in
Waterloo this month to generate a summary.
Nearby Cities · June 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,181 | $2,000 | 99.6% | 27d | ⚖️ Balanced |
| Cambridge | $2,655 | $2,550 | 99.1% | 31d | ⚖️ Balanced |
| Guelph | $2,417 | $2,350 | 99.4% | 31d | ⚖️ Balanced |
| Woolwich | $3,400 | $3,300 | 98.6% | 16d | ⚖️ Balanced |
| Wilmot | $2,700 | $2,700 | 71.1% | 109d | 🧊 Renter-Friendly |
Frequently Asked Questions
Waterloo · June 2026
The average confirmed lease in Waterloo was $2,291/month in June 2026,
based on 72 MLS® transactions. The median was
$2,175/month.
Condos averaged $2,120/mo, freehold averaged $2,665/mo, and townhouses averaged $2,669/mo.
Units in Waterloo took an average of 32 days to lease in June 2026.
Freehold rentals averaged 20 days while condos averaged 37 days.
In June 2026, condos averaged $2,120/month while freehold rentals averaged $2,665/month —
a difference of $545/month.
Waterloo averaged $2,291/month in June 2026. Guelph averaged $2,417/mo. Kitchener averaged $2,181/mo. See the full June 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.
