Waterloo, ON apartments for rent
500 apartments for rent in Waterloo, ON, from 249 communities.
107 ROGER Street Unit# 610 610
107 ROGER Street Unit# 610, Waterloo, ON, N2J0G3
#1004 - 158 KING STREET N #1004
#1004 - 158 KING STREET N, Waterloo, ON, N2J2Y2
418 - 239 AUBURN DRIVE 418
418 - 239 AUBURN DRIVE, Waterloo, ON, N2K0B7
403 - 736 OLD ALBERT STREET 403
403 - 736 OLD ALBERT STREET, Waterloo, ON, N2L6R4
188 S KING Street S Unit# 209 209
188 S KING Street S Unit# 209, Waterloo, ON, N2J0C6
109 MOCCASIN Drive Unit# 2 2
109 MOCCASIN Drive Unit# 2, Waterloo, ON, N2L4C2
24 UNION Street E Unit# 303 303
24 UNION Street E Unit# 303, Waterloo, ON, N2J1B7
Get to know Waterloo, ON
Know your way around
See what’s nearby
Think bigger. Search wider
Close by, worth a look
- Kitchener apartments for rent
- Woolwich apartments for rent
- Wilmot apartments for rent
- Cambridge apartments for rent
- Guelph apartments for rent
- South Guelph apartments for rent
- Puslinch apartments for rent
- Stratford apartments for rent
- Woodstock apartments for rent
- North Perth apartments for rent
- Brantford apartments for rent
- Erin apartments for rent
- Wellington North apartments for rent
- Milton apartments for rent
- Halton Hills apartments for rent
- Hamilton apartments for rent
- Grand Valley apartments for rent
- St. Marys apartments for rent
- Minto apartments for rent
- West Perth apartments for rent
Need a rental nearby? With Point2Homes, you can quickly browse listings for great apartments and single-family homes near your current location. Narrow down listings by price, number of bedrooms, outdoor space, or pet-friendliness. On your phone or desktop, it’s easy to find the right home near you or anywhere in Canada. Start your local rental search now.
Renter’s City Guide to Waterloo
CITY GUIDE
WATERLOO, ONTARIO
Located just outside of Guelph, St. Jacobs, and New Hamburg. Waterloo covers more than 64 square kilometres near the Grand River and Highway 85 (Conestoga Parkway). Public transportation and nearby highways make it easy for residents to get around, and amenities such as restaurants, shopping malls, and entertainment options are abundant. Parks, a lake, a creek, and a river all make for stunning views during a hike or picnic.
Real Estate Market Overview
With average house prices ranging from $300,000 to $600,000, Waterloo has a mid-range real estate market. In Waterloo’s northern section, large, newer-built homes at higher prices can be found mostly along the outer edges of the city. Older single-family homes can also be found in this section, along with more affordable row houses and retail commercial space. The city’s central section offers a mix of older single-family homes, condo options, row housing, vacant land, and commercial space (mostly office and retail). The southern section is predominantly newer and older single-family homes, with some commercial space available.
Rental Market
Sitting at around 2%, Waterloo’s vacancy rate has been decreasing over the past few years, creating a tighter rental market. The city’s high demand for rental units is linked to there being two university campuses in Waterloo, as well as a number of tech companies. While additional rental units are being added to the market, the supply has not been able to keep up with the demand. Rental condo units have been a popular choice recently in the city, including for students. Vacancy rates are lowest for bachelor and one-bedroom apartments, while three-bedroom apartments have high availability. The average rent costs for apartments in Waterloo are $820 for a bachelor apartment, $880 for a one-bedroom apartment, $1,100 for a two-bedroom apartment, and $1,400 for a three-bedroom (or more) apartment.
Employment
Waterloo is known for its technology-based economy. Hundreds of high-tech companies operate in the city, including BlackBerry, Descartes Systems Group, Maplesoft, Sandvine, Open Text Corporation, Dalsa, MKS Inc., and Aeryon Labs. Tech companies that are headquartered elsewhere, but that have research and development centres in the city, include Google, McAfee, Electronic Arts, SAP, Intel, and Oracle. Insurance is also a big contributor to the local economy, with companies such as Economical Insurance, Sun Life Financial, Manulife, and Equitable Life of Canada employing thousands of residents. Other large employers include the University of Waterloo and Wilfrid Laurier University. Waterloo’s unemployment rate sits at around 6%, which is on par with the national rate.
Transportation
Grand River Transit operates public transportation in the city, as well as in the neighbouring communities of Cambridge, Kitchener, St. Jacobs, Elmira, and New Hamburg.The majority of the buses in operation are accessible for those in wheelchairs or with strollers. More than a dozen routes pass through the city. Rapid transit routes allow for faster travel times, and the city is currently working on a light rail transit system. GO Transit buses make stops at the two universities, and the Greyhound bus service also stops in the city.
Schools
The Waterloo Region District School Board and Waterloo Catholic District School Board operate primary and secondary schools in the city. Examples of schools in the area include Cedarbrae Public School, Centennial Public School, Empire Public School, Laurelwood Public School, MacGregor Senior Public School, Waterloo Collegiate Institute, Holy Rosary, and St. David Catholic Secondary. Private school options are also available. Waterloo has a number of post-secondary options, including the University of Waterloo, Wilfrid Laurier University, Conestoga College, St. Jerome’s University, Liaison College of Culinary Arts, Renison University College, and St. Paul’s University College.
Family Life
Laurel Creek Conservation Area provides outdoor recreation options for people of all ages, including camping, boating, fishing, swimming, hiking, picnicking, cycling, and kayaking. Besides watersports, the park offers playgrounds and baseball diamonds in the summer months.In the winter, visitors can go cross-country skiing or snowshoeing on groomed trails throughout the park. University of Waterloo’s Earth Sciences Museum features exhibits on geology, archeology, and mining, which include specimens of rocks and minerals, and animal and plant fossils, as well as examples of tools and equipment used. The museum also has a learning centre, a replica mining tunnel, a fountain, and a rock garden. Group tours are available, and the museum holds various events throughout the year.