Condos for Rent in Beechwood/University, Waterloo, ON
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Neighbourhood in Waterloo
Beechwood/University
Beechwood/University is a vibrant neighbourhood in Waterloo. It is popular among students and young professionals due to its proximity to universities and amenities.
At a glance
Listed 2 days ago
Unit 303, 88 Hickory Street W
Waterloo (Beechwood/University), ON N2L 3T6
Condo ApartmentFor Rent
Listed 2 days ago
Unit 403, 261 Lester Street
Waterloo (Beechwood/University), ON N2L 3W6
Condo ApartmentFor Rent
Listed 10 days ago
Unit 1502, 158 King Street N
Waterloo (Beechwood/University), ON N2J 0E5
Condo ApartmentFor Rent
Listed 22 days ago
Unit 307, 275 Larch Street
Waterloo (Beechwood/University), ON N2L 3R2
Condo ApartmentFor Rent
Day to dayLivability
6.2
Schools near listings
out of 10 · averaged over 812 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$430,495
In Beechwood/University
$430,495
In Waterloo
$579,900
In Ontario
$717,000
Median monthly rent
$2,100/mo
In Beechwood/University
$2,100
In Waterloo
$2,200
In Ontario
$2,500
$1,118
Per square foot
≈ 17.1 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
58
Median $430,495
Condos 43 · Houses 15
For rent
32
Median $2,100
Condos 23 · Houses 9
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-10. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Affordable compared to city median prices
- Strong community with a young population
- Access to public transit options
- Variety of grocery stores and cafes
Keep in mind
- High rental prices compared to local income
- Limited ownership opportunities with 16.7% ownership rate
The feel of the placeLifestyle
Daily life in Beechwood/University is lively and community-oriented, with many activities for students and families. The area offers a mix of urban convenience and green spaces.
Within the boundaryWhat's nearby
The boundary
4.4 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
21
Parks
15
Playgrounds
2
Transit stations
6
Grocery stores
85
Restaurants
43
Cafés
4
Gyms
4
Libraries
3
Pharmacies
Counted across all 4.4 km² of Beechwood/University. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
6.2/10
Average rating of the 1 rated school in this area
1
Elementary
1
Secondary
Waterloo Collegiate Institute
Public · Grades 9–12 · Waterloo Region DSB
6.2/106.6 over 5 yrs349th of 742 Ontario secondary schools
1,480 students · EQAO 2024-2025
MacGregor Public School
Public · Grades 6–8 · Waterloo Region DSB
Not rated
510 students
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Beechwood/University, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
16,877
Population (2021)
4.1 km²
Area
4,118
People per km²
31.7
Median age
$56,038
Median income
17%
Own their home
2
People per household
7,555
Households
Every age
- Children (under 15)5.5%
- Working age (15–64)81.7%
- Seniors (65+)12.8%
What is built here
- Detached houses8.4%
- Semi-detached1.5%
- Townhouses3.5%
- Duplexes3.1%
- Low-rise apartments16%
- High-rise apartments67.4%
Own or rent
17%Owners
83%Renters
Across 7,555 households
When it was built
Mostly 2016–2021
- 1960 or earlier10%
- 1961–198015%
- 1981–19906%
- 1991–20006%
- 2001–20056%
- 2006–20105%
- 2011–201518%
- 2016–202134%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 22%
- Born outside Canada
- 46.9%
- Hold a degree or higher
- 52.3%
- Employment rate
- 19.8%
- Commute by transit
- 60.4%
- Commute by car
- 1.6
- Children per family
- $50,675
- Median income after tax
- $70,448
- Average household income
- 28.6%
- Living on a low income
- $1,461/mo
- Renters pay, per month
- $1,354/mo
- Owners pay, per month
- $470,378
- Median home value at census
- 49.7%
- Renters spending 30%+ of income on housing
- 47.5%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 12 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry
What condos in Beechwood/University actually rent for
At least 75 condos were leased in Beechwood/University over the 12 months to September 2026. Half leased above $1,989 and half below, 3.2% lower than the 12 months before. A typical condo found its tenant in 39 days — 10 days slower than a year ago.
3 of the last 11 months had at least 5 closed condos sales in Beechwood/University. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.
- Median rent
- $1,989
- -3.2% year over year
- Days to lease
- 39
- 10 days slower
- Leases closed
- 75
- last 12 months
- Rent per square foot
- $3.15/mo
- from 67 sized leases
Three years of rents
The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one condo here differs from the next.
What renters actually paid
$2,987/mo
on a $3,000 asking rent — under ask by $13
- Of the asking rent
- 99.6%
- Leased over asking
- 9.3%
From 75 leases that closed here in the last 12 months.
Rent or buy in Beechwood/University
15.2 years
of rent, at the going rate here, adds up to what a condo here costs.
Median sold price
$362,960
25 sales
Median rent
$1,989/mo
75 leases
Gross rental yield
6.58%
before costs
Both figures come from deals that actually closed in Beechwood/University over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.
How fast it moves
Median days on market, month by month. Taller means slower.
Terracotta marks the last 12 months.
Every month behind these charts — Beechwood/University, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 5 | $2,050 | $2,000 – $2,100 | 33 | 100.0% |
| Aug 2026 | 29 | $2,000 | $1,750 – $2,100 | 37 | 100.0% |
| Jul 2026 | 31 | $1,950 | $1,738 – $2,175 | 34 | 100.0% |
| Jun 2026 | 5 | $1,700 | $1,695 – $1,800 | 63 | 97.1% |
| Mar 2026 | 5 | $2,400 | $1,850 – $2,450 | 61 | 96.1% |
| Sep 2025 | 6 | $2,050 | $1,981 – $2,138 | 36 | 100.0% |
| Aug 2025 | 22 | $1,923 | $1,800 – $2,300 | 27 | 100.0% |
| Jul 2025 | 21 | $2,200 | $1,995 – $2,480 | 23 | 100.0% |
| Jun 2025 | 7 | $2,000 | $1,875 – $2,350 | 21 | 100.0% |
| May 2025 | 7 | $2,200 | $1,725 – $2,450 | 50 | 100.0% |
| Dec 2024 | 5 | $1,900 | $1,850 – $2,050 | 28 | 97.4% |
| Sep 2024 | 12 | $2,250 | $1,906 – $2,563 | 64 | 100.0% |
| Aug 2024 | 14 | $2,300 | $1,978 – $2,450 | 31 | 100.0% |
| Jul 2024 | 7 | $2,200 | $1,900 – $2,363 | 12 | 100.0% |
| Jun 2024 | 5 | $1,875 | $1,875 – $2,200 | 79 | 100.0% |
What people ask about Beechwood/University
How much does a condo cost in Beechwood/University?
Condos in Beechwood/University sold for a median of $362,960 over the 12 months to September 2026, across at least 25 closed sales — half sold for more and half for less. That is 8.3% lower than the 12 months before it.
How long does it take to sell a condo in Beechwood/University?
A condo in Beechwood/University took a median of 48 days on the market over the 12 months to September 2026. Condos there closed at 95.4% of the asking price on average.
How much is rent for a condo in Beechwood/University?
The median condo lease in Beechwood/University closed at $1,989 a month over the 12 months to September 2026, across at least 75 leases.
Is it cheaper to rent or buy a condo in Beechwood/University?
A condo in Beechwood/University costs about 15.2 years of the rent on one — the median price of $362,960 against a median rent of $1,989 a month, a gross yield of 6.58%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Beechwood/University on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one condo. Not an appraisal or an opinion of value.