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Market Overview
The market for townhouses for rent in Waterloo offers a strong mix of choice and stability, making it a practical starting point for renters comparing neighbourhoods, budgets, and commute needs. Right now, there are 33 active listings in the area, giving prospective tenants a meaningful snapshot of what’s available across different styles, layouts, and price points. The current average price is $2,509, and listings spend an average of 44 days on the market—helpful context for understanding how quickly well-positioned townhouses move once they’re advertised.
Pricing momentum is also an important signal. With -1.6% reflecting recent movement, the market may be trending in a way that impacts how quickly a renter should act and what negotiating room might exist. Whether the goal is securing a home with more space, finding a quieter residential setting, or staying close to everyday essentials, Waterloo continues to attract interest among people searching for townhouses for rent.
Browse Listings
Exploring the 33 available townhouses for rent in Waterloo is the best way to understand what the local rental landscape looks like right now. Inventory often spans a range of layouts and finishes, from practical, low-maintenance homes to options that prioritize extra living space, storage, or outdoor areas. This variety helps renters match a townhouse to their lifestyle—whether the priority is room to work from home, a comfortable setup for shared living, or space that feels more like a traditional house.
Because these properties are for rent, it’s worth comparing listings side-by-side to evaluate what’s included at each price point and how quickly similar homes are being leased. Filters such as 4+-bedroom and preferred features can narrow the search and bring the most relevant options to the top.
Pricing Insights
Understanding pricing is key when evaluating townhouses for rent in Waterloo. The current average price is $2,509, which provides a useful benchmark for comparing individual listings and identifying outliers. For a more apples-to-apples comparison across different sizes and layouts, the average price per square foot sits at $2. This metric can help renters assess value when one townhouse is larger but another includes features that may justify a higher rate.
Availability spans a meaningful range, with current listings generally falling within $998 - $4,950. That spread often reflects differences in square footage, location within the area, overall condition, and what is included in the rental offering. Comparing price with typical size can also add clarity; the average home size is 1,143 sqft, which helps set expectations about how much space is common in this market. Taken together—average price, price per square foot, and the prevailing range—these indicators help renters decide whether to prioritize budget, space, or specific property characteristics.
Average Prices by Bedroom
Bedrooms Avg. Price Listings 2 Beds $2,390 5 3 Beds $2,728 22 4+ Beds $1,790 5 Living in the Area
Life in Waterloo tends to appeal to renters who want a balance between comfort, convenience, and a neighbourhood feel. Townhouses are often chosen for their “in-between” lifestyle: more space and separation than many apartment-style rentals, while still offering an approachable maintenance profile compared with fully detached homes. For many households, that means extra room for a home office, hobby space, or simply a more flexible layout for day-to-day living.
The community character in Waterloo is often defined by residential streets, a mix of newer and established housing, and a rhythm that can feel calmer than more densely built-up areas. Depending on where a listing is located, walkability can range from errands being close at hand to a more car-oriented setup—so it helps to compare listings by micro-location and how they connect to daily routines. Renters frequently evaluate access to everyday essentials such as shops, services, and green space, alongside commuting convenience and overall neighbourhood atmosphere.
Townhouse living can also support a more social, community-minded experience. Shared lanes, nearby sidewalks, and a neighbourhood setting can create natural opportunities for connection while still preserving privacy. For tenants who value a sense of home—without giving up proximity to the broader city—Waterloo can be a practical place to focus a rental search, especially when comparing space, comfort, and location as a package.
Market Trends
To see how townhouses for rent in Waterloo are performing over time, review the trend indicators below, including movement in pricing and time on market.
Market Trends
Period Avg. Price Listings Avg. DOM Current $2,509 33 44 days Last 12 Months $3,092 134 32 days Last 90 Days $2,616 33 28 days Top Areas
Waterloo can include multiple pockets with different feels, price points, and access patterns. The sections below highlight sub-areas to consider when narrowing a search for townhouses for rent.
Frequently Asked Questions
What is the average price of townhouses for rent in Waterloo?
The current average price is $2,509. This figure is best used as a benchmark alongside the full price range of $998 - $4,950, since individual listings can vary based on size, layout, and overall condition.
How many townhouses for rent are available in Waterloo right now?
There are 33 active listings at the moment. Because availability can change quickly, checking new listings frequently helps renters catch newly posted options and compare them before similar homes are leased.
How long do townhouses for rent typically stay on the market in Waterloo?
On average, listings spend 44 days on the market. This provides a general sense of how quickly rentals are being secured and can help renters plan viewing schedules and application timing.
How can renters compare value between different townhouse listings?
In addition to the average price of $2,509, the average price per square foot of $2 offers a useful way to compare homes of different sizes. Looking at typical size (1,143 sqft) and the broader range ($998 - $4,950) can also help clarify whether a listing is priced in line with the current market for townhouses for rent in Waterloo.
For groceries or a pharmacy you'll likely need to hop into your car as there is not much nearby.
Getting around the area will require a vehicle, as there are no nearby transit stops.