Rental Market Snapshot
As of August 2026, the average asking rent across Kitchener, Waterloo and Cambridge is $2,285/month (up 4.5% from last month), with 462 active rentals (down 0.2% from last month) and units averaging 50 days to lease. Source: MLS/DDF listing data via CREA, synced daily.
Average Monthly Rent
$2,285
Median: $2,200
↑ 4.5% MoM
Avg. Days to Lease
50
days
↓ 7 days MoM
Active Rentals
462
in KW region
↓ 0.2% MoM
16 with Wolle Realty
Rental Market Trends
Monthly averages since Jan 2026 — switch metrics, compare cities or property types, hover for exact figures, or open the data table.
View the monthly data table
| Month | All KW | Kitchener | Waterloo | Cambridge |
|---|---|---|---|---|
| Jan 2026 | $2,261/mo | $2,195/mo | $2,307/mo | $2,456/mo |
| Feb 2026 | $2,225/mo | $2,167/mo | $2,229/mo | $2,439/mo |
| Mar 2026 | $2,167/mo | $2,118/mo | $2,151/mo | $2,360/mo |
| Apr 2026 | $2,119/mo | $2,089/mo | $2,097/mo | $2,261/mo |
| May 2026 | $2,151/mo | $2,089/mo | $2,185/mo | $2,364/mo |
| Jun 2026 | $2,144/mo | $2,083/mo | $2,242/mo | $2,219/mo |
| Jul 2026 | $2,186/mo | $2,078/mo | $2,294/mo | $2,403/mo |
| Aug 2026 | $2,285/mo | $2,156/mo | $2,394/mo | $2,580/mo |
Rent by City
Cambridge
$2,580/mo
73 rentals • 39 avg days
Apartment
10 rentals
$2,112
House
34 rentals
$2,760
Townhouse
28 rentals
$2,524
Waterloo
$2,394/mo
120 rentals • 57 avg days
Apartment
75 rentals
$2,170
House
31 rentals
$2,825
Townhouse
13 rentals
$2,694
Kitchener
$2,156/mo
269 rentals • 50 avg days
Apartment
108 rentals
$1,961
House
92 rentals
$2,246
Townhouse
59 rentals
$2,472
Multi-Family
5 rentals
$1,605
Other
5 rentals
$1,552
Rent by Bedroom Count
Rent by Property Type
Other
$1,743/mo
6 rentals
1.3% of market
Frequently Asked Questions
What is the average rent in Kitchener-Waterloo?
As of August 2026, the average rent in Kitchener-Waterloo is $2,285 per month based on 462 active MLS listings. Breakdown by size: 1 Bedroom: $1,715, 2 Bedrooms: $2,118, 3 Bedrooms: $2,670.
Is it cheaper to rent in Cambridge or Waterloo?
Waterloo is the cheaper of the two: Cambridge averages $2,580/mo against $2,394/mo in Waterloo. Across all three cities the order runs Kitchener at $2,156/mo, then Waterloo at $2,394/mo, then Cambridge at $2,580/mo. Cambridge has 73 active rentals and Waterloo 120.
Are rent prices going up in Waterloo region?
The current average rent across Kitchener-Waterloo is $2,285/mo as of August 2026, up 4.5% from last month. With 462 active rentals on the market, prices are influenced by population growth, tech sector expansion, and housing supply. The Rental Market Trends chart above plots the monthly history by city and property type.
How long does it take to find a rental in KW?
Rentals in Kitchener-Waterloo currently average 50 days on market. Cambridge averages 39 days, Waterloo 57 days, and Kitchener 50 days. Affordable units in desirable areas tend to rent faster, and our neighbourhood guides cover which areas those are.
What types of rentals are most common in KW?
The most common rental types in Kitchener-Waterloo are: Apartment (42% of listings, avg $2,050), House (34% of listings, avg $2,472), Townhouse (22% of listings, avg $2,515). There are 462 total active rentals across all types — browse every KW rental to filter by type, bedrooms and price.
Is now a good time to rent in Kitchener-Waterloo?
As of August 2026, there are 462 active rentals in Kitchener-Waterloo with an average rent of $2,285/mo. Listings average 50 days on market, suggesting moderate competition — you have time to compare options. If you are weighing renting against buying, our rent vs buy math for 2026 runs the numbers on both.
Data sourced from DDF/CREA listing data synced daily to our platform. Rental prices reflect current asking rents for active listings and may vary based on specific property features and lease terms.
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