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September 2025 · Waterloo
Average Rent in Waterloo — September 2025
110 confirmed residential leases in Waterloo in September 2025. Average rent $2,275/month. Mixed conditions across property types.
Avg Lease Price $2,275/mo
Median Lease $2,138/mo
Avg Asking $2,272/mo
Lease / Ask 100.1%
Leased Over Asking 12.7%
Avg DOM 66 days
Total Leased
110
all residential
Avg Lease Price
$2,275
per month
Median Lease
$2,138
mid-point
Lease / Ask
100.1%
avg ratio
Over Asking
12.7%
of all leases
Avg DOM
66
days on market
Lease Prices by Property Type
Waterloo · September 2025
💰 Lease Price Summary
Average Lease $2,275/mo
Median Lease $2,138/mo
Avg Asking Rent $2,272/mo
Lowest Lease $780
Highest Lease $3,750
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 12.7%
Leased at asking 74.5%
Leased under asking 12.7%
Avg Days on Market 66 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.7% over vs 12.7% under asking.
💰 Lease Price Summary
Average Lease $2,134/mo
Median Lease $2,000/mo
Avg Asking Rent $2,133/mo
Lowest Lease $1,025
Highest Lease $3,750
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 11.2%
Leased at asking 74.2%
Leased under asking 14.6%
Avg Days on Market 62 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.2% over vs 14.6% under asking.
💰 Lease Price Summary
Average Lease $2,877/mo
Median Lease $3,000/mo
Avg Asking Rent $2,865/mo
Lowest Lease $780
Highest Lease $3,500
Lease / Ask Ratio 100.4%
📊 Market Activity
Leased over asking 22.2%
Leased at asking 72.2%
Leased under asking 5.6%
Avg Days on Market 87 days
Fast · 050Slow · 100+
⚖️ Balanced — 22.2% over vs 5.6% under asking.
💰 Lease Price Summary
Average Lease $2,806/mo
Median Lease $2,788/mo
Avg Asking Rent $2,842/mo
Lowest Lease $1,950
Highest Lease $3,750
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 62.5%
Leased under asking 25.0%
Avg Days on Market 77 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 25% under asking.
💰 Lease Price Summary
Average Lease $2,950/mo
Median Lease $2,950/mo
Avg Asking Rent $2,950/mo
Lowest Lease $2,950
Highest Lease $2,950
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 61 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · September 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,289 | $2,100 | 99.2% | 48d | ⚖️ Balanced |
| Cambridge | $2,610 | $2,635 | 98.8% | 50d | ⚖️ Balanced |
| Guelph | $2,571 | $2,500 | 99.3% | 44d | ⚖️ Balanced |
| Woolwich | $3,500 | $3,500 | 100.0% | 27d | ⚖️ Balanced |
Frequently Asked Questions
Waterloo · September 2025
The average confirmed lease in Waterloo was $2,275/month in September 2025,
based on 110 MLS® transactions. The median was
$2,138/month.
Condos averaged $2,134/mo, freehold averaged $2,877/mo, and townhouses averaged $2,806/mo.
Units in Waterloo took an average of 66 days to lease in September 2025.
Freehold rentals averaged 87 days while condos averaged 62 days.
In September 2025, condos averaged $2,134/month while freehold rentals averaged $2,877/month —
a difference of $743/month.
Waterloo averaged $2,275/month in September 2025. Kitchener averaged $2,289/mo. See the full September 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.
