2 Bedroom Apartments for Rent in Waterloo, ON (486 Rentals)

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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9 Lodge Street
$2,097 - $2,197
Total Monthly Price

Total Monthly Price

Base Rent
$2,097 - $2,197
Total Monthly Price
$2,097 - $2,197
2 Bedroom Apartments Available Now

9 Lodge Street

9 Lodge StreetWaterloo, ON N2J 4S8
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property at 16 Austin Dr

$1,850

2 Bedroom Rentals

Available Now

16 Austin Dr

WaterlooONN2L 3Y1

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 90 Churchill St

$2,095 - $2,295

2 Bedroom Rentals

Available Now

90 Churchill St

WaterlooONN2L 2X2
property at 499 Albert St

$1,600 - $1,900

2 Bedroom Rentals

Available May 1

499 Albert St

WaterlooONN2L 5A7
property at 258B Sunview St

$1,995 - $2,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,995
Total Monthly Price
$1,995

2 Bedroom Rentals

Available Apr 30

258B Sunview St

WaterlooONN2L 0H7
property at 269 Sunview St

$2,000

2 Bedroom Rentals

Available Sep 4

269 Sunview St

WaterlooONN2L 3V8

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 253 Albert St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300
Total Monthly Price
$2,300

2 Bedroom, 2 Bath Condo for Rent

Available Now

253 Albert St

WaterlooONN2L 0G3

Navigating the Rental Market: Tips for First-Time Renters

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Waterloo, ON Local Guide

Waterloo 2 Bedroom Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: April 02, 2026

There are currently 110 available 2 Bedroom apartment units in Waterloo, ON neighborhoods that range in price from $1,240 to $2,972. Heres is today's list of the top neighborhoods in Waterloo with the most available 2 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
Waterloo North West31$2,095$1,660
Waterloo North East29$2,070$1,240
Waterloo Uptown28$2,159$1,240
Waterloo University22$2,230$1,240

Largest Available Waterloo 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in Waterloo, ON is found at The Carrick in the Kitchener South West neighborhood and is 1,957 square feet priced from $4,505. 200 Shakespeare Drive in the Waterloo North West neighborhood has the second largest 2 Bedroom, which is sized at 1,407 square feet and currently listed start at $2,220. Here is today’s list of the largest available 2 Bedroom units in Waterloo:

Apartment ListingModel NameSquare FootagePriced From
The Carrick2-Level Townhouse 2 Bed + 3 Bath + Den + Media ...1,957 Sq Ft$4,505
200 Shakespeare Drive2 Bedroom, 2 Bathroom1,407 Sq Ft$2,220
Trio on BelmontTrio A: Bellflower E - 2 Bed Den 2 Bath1,296 Sq Ft$2,725
Avenue Apartments2 Bedroom, 1 Bathroom1,281 Sq Ft$1,885
Kings Tower2 Bedroom Premium1,115 Sq Ft$1,779
The BowThe Bowyer 041,112 Sq Ft$2,750
Vertikal2 Bed, 2 Bath Model998 Sq Ft$2,475
255 Sunview St2 Bedroom plus Den812 Sq Ft$3,047
The HUB - 365 Albert2 Bedroom689 Sq Ft$2,538
The HUB GEOWAVE2 Bedroom689 Sq Ft$2,538

Cheapest Available Waterloo 2 Bedroom Apartments

As of April 02, 2026 the lowest priced 2 Bedroom apartment unit in Waterloo, ON is the Two Bedroom Model starting from $1,540 at Quiet Place in the Waterloo North East neighborhood. The second most affordable Waterloo 2 Bedroom is the Unit 10 Model at Mad Mill Apartments starting at $1,595 in the Kitchener Central neighborhood. The average price for all 2 Bedroom apartments in Waterloo is currently $2,135. Here is today’s list of the cheapest available 2 Bedroom options in Waterloo:

Apartment ListingModel NamePriced From
Quiet PlaceTwo Bedroom$1,540
Mad Mill ApartmentsUnit 10$1,595
Parkside Tower2 Bedroom, 1 Bathroom$1,660
376 Erb St W2 Bedroom$1,699
105 Mausser Av2 Beds, 1 bath$1,745
The EstatesTwo Bedroom$1,750
Kings Tower2 Bedroom Premium$1,779
Capitol Hill Apartments2 Bed 1 Bath F$1,795
144 Lucan Ave, Waterloo2D$1,795
387 King St East1A$1,795

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waterloo, ON Rentals by Map

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Frequently Asked Questions about 2 Bedroom Waterloo Apartments

What is the Cheapest apartment in Waterloo with 2 Bedroom?

Currently the most affordable 2 Bedroom in Waterloo is at Quiet Place listed at $1,540.

How much is the average rent for a 2 Bedroom Waterloo Apartment?

The average rent for a 2 Bedroom Apartment in Waterloo is $2,135.

What is the largest available 2 Bedroom Waterloo Apartment for rent?

Today's apartment with the most square footage in Waterloo is a 1,957 square feet unit starting from $4,505 at The Carrick.

What is the average size for Waterloo 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in Waterloo is currently 856 sq ft.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.