University of Waterloo, Waterloo, ON

Apartments, Condos and Houses for Rent near University of Waterloo, Waterloo, ON

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About University of Waterloo, Waterloo, ON

The University of Waterloo, nestled in Waterloo, Ontario, is widely acclaimed for its unwavering dedication to excellence in teaching, research, and innovation. Attracting students from across the globe, both domestic and international, the university offers a diverse array of undergraduate and graduate programs thoughtfully designed to cater to individual student needs. A pivotal aspect of its identity is the cultivation of a multicultural and inclusive environment that actively encourages students to establish meaningful connections within the local community.

Renting Near University of Waterloo

Finding an apartment or room to rent near University of Waterloo requires research, communication with landlords & property managers, securing references, and signing a lease. All this can add up to a lengthy endeavour if you’re not familiar with the rental process in Canada. To help you get started, here is a list of resources with tips on renting in Canada.

Average Rent Near University of Waterloo

What is the average rent near University of Waterloo?

The average rent near University of Waterloo will vary on a month-to-month basis. For the latest stats on average rent near University of Waterloo, refer to our monthly rent reports.

University of Waterloo Off Campus Housing

Finding UWaterloo off-campus housing may be a challenge depending on where you’re looking to rent. To enhance the likelihood of finding an affordable home, acquaint yourself with various neighborhoods near the University of Waterloo and their average rental prices. For additional insights, you can explore our blog, which delves into details about the diverse neighborhoods in Canada.
In addition to choosing your location to rent near University of Waterloo, it’s important to know what rental types are available (e.g. 1 bedroom apartments, 2 bedroom apartments, 3 bedroom apartments, studio apartments) and the average rent for each property type. Refer below to figure out your options for renting near University of Waterloo - ranging from furnished rentals and unfurnished rentals to long term rentals and short term rentals.

University of Waterloo Rental Types

There are many rental property types you can choose from near University of Waterloo.

Apartments for rent University of Waterloo

Near University of Waterloo, apartments are a common form of housing you’ll find. Average rent prices for apartments depend on where you’re looking. Apartments for rent in urban areas are typically more expensive due to higher demand. Apartments generally require much less maintenance than houses, making them ideal for students who don’t need as much space.

Houses for rent University of Waterloo

There are plenty of houses for rent near the University of Waterloo for those with a higher budget, need extra space, or who have multiple roommates. Both partial houses and entire houses for rent are common, as well as both new builds and older homes. Waterloo is a mid-sized city and has plenty of different types of houses, many geared towards the city’s large student population.

Townhouses for rent University of Waterloo

Townhouses are another popular form of housing near University of Waterloo that combine the best qualities of both apartments and whole houses. Typically less expensive than houses, townhouses for rent offer an attractive combination of freedom and space, generally coming with your own private yard and entrance.

Basements for rent University of Waterloo

For those looking to find affordable rental housing near University of Waterloo, basements for rent pose an attractive alternative. Since house prices are so expensive, homeowners will sometimes rent out their basements as a way to offset their mortgage payments. This makes it easy for renters to find relatively inexpensive basements for rent, in areas they might not otherwise be able to afford to rent in.

Condos for rent University of Waterloo

Although Waterloo is considerably smaller than cities like Vancouver and Toronto, condos for rent can still be found near the University of Waterloo. These types of rental accommodation are perfect for those who like to be in the centre of the action, and don’t need as much space. If you are looking to rent in the city centre though, be prepared for higher-than-average rent prices.

Rooms for rent University of Waterloo

Sharing a house or apartment is a great way to secure cheap rent near the University of Waterloo. Rooms for rent are a great way to experience wherever you’re living on a budget, and can offer you the opportunity to live in neighbourhoods that would otherwise be unaffordable.

Special University of Waterloo Rental Types

In addition to choosing your property type, there are also specific rental types you can look into.

Pet friendly rentals near University of Waterloo

Though not every landlord is keen on allowing pets, there are a good number of pet-friendly rentals near University of Waterloo for those with furry friends. Both dog-friendly and cat-friendly rental units are available, as well as properties where both are allowed. Try searching for pet-friendly units using search filters on your rental platform to find units that match your needs.

Furnished rentals near University of Waterloo

Since most students are moving to Waterloo from elsewhere in Canada or abroad, there are plenty of furnished rentals available near the University of Waterloo. Student renters seeking furnished units should search for these units using filters, but do be prepared to pay more in rent. There are pros and cons to renting furnished units compared to unfurnished units, so deciding whether it’s worth it to buy furniture when moving is a good first step.

Short term rentals near University of Waterloo

Many renters, not just students but also seasonal workers and employees at the university, seek short-term rentals near the University of Waterloo – particularly during the summer months and at the beginning of school semesters. The added flexibility is an appealing prospect for many renters, and a key factor in deciding whether or not short-term rentals are right for you.

Cheap rentals near University of Waterloo

If you’re looking for cheap rentals near University of Waterloo, try finding a roommate or two and explore shared housing; or search for rooms for rent. It’s worth noting that in Waterloo, there are neighbourhoods where rent is considerably cheaper, so exploring these options is a good idea as well.

University of Waterloo Rental Amenities

When you’re searching for off campus housing near University of Waterloo, make sure to look at what amenities are offered. For instance, check to see if the rental includes utilities like air conditioning, cable and internet or features such as a dishwasher, parking, balcony and fridge.
Tip: When looking at listings on liv.rent, scroll down to the "Amenities" section to see what utilities and features are included with the rental.

Living Near University of Waterloo, Waterloo, ON

Many students often find themselves at a crossroads when it comes to deciding on their university and where they should live.
Some students pick a university based on the city. If you’re not sure that Waterloo is the right city for you, check out some of these resources comparing the different cities.
Another choice to make is deciding between living in residence or off-campus. For those of you who are still deciding, check out some of these resources.

Popular Neighbourhoods Near University of Waterloo

There are many neighbourhoods near University of Waterloo that you can consider if you’re looking to live off campus. For more information, you can check the blog to learn about the different neighbourhoods near University of Waterloo.

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Apartments for Rent University of Waterloo

Search for condos, townhouses, rooms, and houses for rent near University of Waterloo on liv.rent. Finding apartments for rent near you has never been easier. Filter your search by price range (great for finding cheap apartments for rent), unfurnished or furnished apartments for rent, pet-friendly rentals, availability, and housing type. Options range from studio apartments and suites for rent to 1 or 2 bedroom apartments and 3+ bedrooms for rent.
Our University of Waterloo rental listings are updated in real-time and are current as of Jul 10, 2025.

Looking for apartments for rent near University of Waterloo, Waterloo, ON?

Looking for a specific type of rental near University of Waterloo, Waterloo, ON? Use our filters below to find your next home.

University of Waterloo Rental Types

Apartments for rent University of Waterloo
Condos for rent University of Waterloo
Townhouses for rent University of Waterloo
Houses for rent University of Waterloo
Rooms for rent University of Waterloo

University of Waterloo Rentals by Bedrooms

Studios for rent University of Waterloo
1 bedrooms for rent University of Waterloo
2 bedrooms for rent University of Waterloo
3 bedrooms for rent University of Waterloo
4+ bedrooms for rent University of Waterloo

University of Waterloo Rentals by Amenity

Furnished rentals University of Waterloo
Unfurnished rentals University of Waterloo
Pet-friendly rentals University of Waterloo
Dog-friendly rentals University of Waterloo
Cat-friendly rentals University of Waterloo

University of Waterloo Rentals by Lease

Long term rentals University of Waterloo
Short term rentals University of Waterloo
Month-to-month rentals University of Waterloo
Fixed term rentals University of Waterloo

University of Waterloo Rentals by Price

University of Waterloo apartments under $1,000
University of Waterloo apartments under $1,500
University of Waterloo apartments under $2,000
University of Waterloo apartments under $2,500