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October 2025 · Waterloo
Average Rent in Waterloo — October 2025
22 confirmed residential leases in Waterloo in October 2025. Average rent $2,121/month. Mixed conditions across property types.
Avg Lease Price $2,121/mo
Median Lease $2,000/mo
Avg Asking $2,131/mo
Lease / Ask 99.6%
Leased Over Asking 9.1%
Avg DOM 42 days
Total Leased
22
all residential
Avg Lease Price
$2,121
per month
Median Lease
$2,000
mid-point
Lease / Ask
99.6%
avg ratio
Over Asking
9.1%
of all leases
Avg DOM
42
days on market
Lease Prices by Property Type
Waterloo · October 2025
💰 Lease Price Summary
Average Lease $2,121/mo
Median Lease $2,000/mo
Avg Asking Rent $2,131/mo
Lowest Lease $800
Highest Lease $3,300
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 72.7%
Leased under asking 18.2%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 18.2% under asking.
💰 Lease Price Summary
Average Lease $2,087/mo
Median Lease $2,000/mo
Avg Asking Rent $2,102/mo
Lowest Lease $800
Highest Lease $3,300
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 6.7%
Leased at asking 66.7%
Leased under asking 26.7%
Avg Days on Market 35 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.7% over vs 26.7% under asking.
💰 Lease Price Summary
Average Lease $2,032/mo
Median Lease $1,900/mo
Avg Asking Rent $2,028/mo
Lowest Lease $1,599
Highest Lease $2,950
Lease / Ask Ratio 100.2%
📊 Market Activity
Leased over asking 20.0%
Leased at asking 80.0%
Leased under asking 0.0%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 20% over vs 0% under asking.
💰 Lease Price Summary
Average Lease $2,850/mo
Median Lease $2,900/mo
Avg Asking Rent $2,869/mo
Lowest Lease $2,300
Highest Lease $3,300
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 75.0%
Leased under asking 25.0%
Avg Days on Market 52 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 25% under asking.
💰 Lease Price Summary
Average Lease $2,200/mo
Median Lease $2,200/mo
Avg Asking Rent $2,200/mo
Lowest Lease $2,200
Highest Lease $2,200
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 25 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · October 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,400 | $2,388 | 99.6% | 44d | ⚖️ Balanced |
| Cambridge | $2,567 | $2,600 | 99.2% | 55d | ⚖️ Balanced |
| Guelph | $2,546 | $2,400 | 99.9% | 45d | ⚖️ Balanced |
| Woolwich | $2,100 | $2,100 | 100.0% | 34d | ⚖️ Balanced |
Frequently Asked Questions
Waterloo · October 2025
The average confirmed lease in Waterloo was $2,121/month in October 2025,
based on 22 MLS® transactions. The median was
$2,000/month.
Condos averaged $2,087/mo, freehold averaged $2,032/mo, and townhouses averaged $2,850/mo.
Units in Waterloo took an average of 42 days to lease in October 2025.
Freehold rentals averaged 60 days while condos averaged 35 days.
In October 2025, condos averaged $2,087/month while freehold rentals averaged $2,032/month —
a difference of $55/month.
Waterloo averaged $2,121/month in October 2025. Kitchener averaged $2,400/mo. Woolwich averaged $2,100/mo. See the full October 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.
