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November 2025 · Waterloo
Average Rent in Waterloo — November 2025
16 confirmed residential leases in Waterloo in November 2025. Average rent $2,118/month. Mixed conditions across property types.
Avg Lease Price $2,118/mo
Median Lease $1,950/mo
Avg Asking $2,118/mo
Lease / Ask 100.0%
Leased Over Asking 12.5%
Avg DOM 67 days
Total Leased
16
all residential
Avg Lease Price
$2,118
per month
Median Lease
$1,950
mid-point
Lease / Ask
100.0%
avg ratio
Over Asking
12.5%
of all leases
Avg DOM
67
days on market
Lease Prices by Property Type
Waterloo · November 2025
💰 Lease Price Summary
Average Lease $2,118/mo
Median Lease $1,950/mo
Avg Asking Rent $2,118/mo
Lowest Lease $800
Highest Lease $3,600
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 62.5%
Leased under asking 25.0%
Avg Days on Market 67 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 25% under asking.
💰 Lease Price Summary
Average Lease $2,045/mo
Median Lease $1,950/mo
Avg Asking Rent $2,073/mo
Lowest Lease $1,100
Highest Lease $2,700
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 54.5%
Leased under asking 36.4%
Avg Days on Market 66 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 36.4% under asking.
💰 Lease Price Summary
Average Lease $2,277/mo
Median Lease $1,900/mo
Avg Asking Rent $2,217/mo
Lowest Lease $800
Highest Lease $3,600
Lease / Ask Ratio 102.7%
📊 Market Activity
Leased over asking 20.0%
Leased at asking 80.0%
Leased under asking 0.0%
Avg Days on Market 69 days
Fast · 050Slow · 100+
⚖️ Balanced — 20% over vs 0% under asking.
💰 Lease Price Summary
Average Lease $2,450/mo
Median Lease $2,450/mo
Avg Asking Rent $2,450/mo
Lowest Lease $2,450
Highest Lease $2,450
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 52 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
🏗
No multi-unit data for November 2025
Not enough multi-unit lease transactions in
Waterloo this month to generate a summary.
Nearby Cities · November 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,298 | $2,250 | 98.9% | 44d | ⚖️ Balanced |
| Cambridge | $2,553 | $2,600 | 99.2% | 52d | ⚖️ Balanced |
| Guelph | $2,584 | $2,550 | 99.0% | 49d | ⚖️ Balanced |
| Woolwich | $2,900 | $2,900 | 93.6% | 53d | 🧊 Renter-Friendly |
| Wilmot | $2,400 | $2,400 | 98.0% | 61d | 🧊 Renter-Friendly |
Frequently Asked Questions
Waterloo · November 2025
The average confirmed lease in Waterloo was $2,118/month in November 2025,
based on 16 MLS® transactions. The median was
$1,950/month.
Condos averaged $2,045/mo, freehold averaged $2,277/mo, and townhouses averaged $2,450/mo.
Units in Waterloo took an average of 67 days to lease in November 2025.
Freehold rentals averaged 69 days while condos averaged 66 days.
In November 2025, condos averaged $2,045/month while freehold rentals averaged $2,277/month —
a difference of $232/month.
Waterloo averaged $2,118/month in November 2025. Kitchener averaged $2,298/mo. See the full November 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.
