Primary Rental Market
Average Rent ($)

By:

  1. Bedroom Type
  2. Year of Construction
  3. Structure Size

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Kitchener - Cambridge - Waterloo — Historical Average Rent by Structure Size (Apartment only)

  3-5 Units 6-19 Units 20-49 Units 50-199 Units 200+ Units Total
1990 October 414 a 416 a 472 a 553 a 638 a 497 a
1991 October 436 b 444 a 504 a 602 a 621 a 533 a
1992 October 476 a 472 a 528 a 635 a 632 a 563 a
1993 October 494 a 477 a 522 a 617 a 700 a 561 a
1994 October 493 a 487 a 541 a 614 a 655 a 561 a
1995 October 510 a 496 a 570 a 638 a 689 a 584 a
1996 October 512 a 506 a 574 a 643 a 688 a 591 a
1997 October 537 a 524 a 573 a 646 a 699 a 600 a
1998 October 545 a 536 a 586 a 663 a 714 a 610 a
1999 October 564 a 553 a 602 a 673 a 764 a 629 a
2000 October 568 a 582 a 622 a 713 a 830 a 665 a
2001 October 637 b 611 a 643 a 745 a 834 a 691 a
2002 October 619 a 624 a 679 a 770 a 836 a 714 a
2003 October 652 a 644 a 681 a 777 a 833 a 719 a
2004 October 690 b 661 a 696 a 792 a 822 a 734 a
2005 October 683 b 681 a 730 a 851 a 875 a 775 a
2006 October 728 b 734 a 737 a 855 a 896 a 798 a
2007 October 670 a 687 a 733 a 864 a 899 a 781 a
2008 October 688 a 695 a 747 a 873 a 942 a 800 a
2009 October 689 a 708 a 762 a 885 a 962 a 812 a
2010 October 711 a 722 a 775 a 904 a 980 a 828 a
2011 October 710 a 729 a 792 a 915 a 1,016 a 842 a
2012 October 737 a 751 a 808 a 922 a 1,014 a 862 a
2013 October 762 a 780 a 834 a 986 a 1,064 a 906 a
2014 October 778 a 788 a 844 a 1,013 a 1,038 a 918 a
2015 October 808 a 815 a 874 a 1,028 a 1,122 a 947 a
2016 October 837 a 804 a 915 a 1,146 a 1,089 a 1,007 a
2017 October 830 a 851 a 949 a 1,132 a 1,251 a 1,040 a
2018 October 848 a 888 a 1,019 a 1,210 a 1,534 a 1,138 a
2019 October 918 a 921 a 1,064 a 1,254 a 1,462 a 1,163 a
2020 October 928 a 963 a 1,105 a 1,307 a 1,562 a 1,221 a
2021 October 1,020 b 1,004 a 1,188 a 1,427 a 1,583 a 1,307 a
2022 October 1,020 b 1,195 a 1,267 a 1,466 a 1,681 a 1,398 a
2023 October 1,125 c 1,278 b 1,449 b 1,688 a 1,865 a 1,574 a
2024 October 1,504 b 1,462 b 1,332 a 1,703 a 1,974 a 1,670 a
2025 October 1,504 b 1,434 c 1,551 b 1,788 a 1,954 a 1,726 a
Notes:
  • The following letter codes are used to indicate the reliability of the estimates: a — Excellent, b — Very good, c — Good, d — Poor (Use with Caution))
  • ** — Data suppressed to protect confidentiality or data not statistically reliable
  • ++ — Change in rent is not statistically significant. This means that the change in rent is not statistically different than zero (0). (Applies only to % Change of Average Rent Tables).
Source: CMHC Rental Market Survey (opens in new window)