Real Estate for Rent in Lexington, Waterloo, ON
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Neighbourhood in Waterloo
Lexington
Lexington is a quiet neighbourhood in Waterloo, Ontario. It offers a mix of family-friendly homes and good schools.
At a glance
Day to dayLivability
7.1
Schools near listings
out of 10 · averaged over 31 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
$774,950
In Lexington
$774,950
In Waterloo
$579,900
In Ontario
$715,000
Median monthly rent
In Waterloo
$2,200
In Ontario
$2,500
On the marketMarket snapshot
For sale
7
Median $774,950
Houses 6 · Condos 1
For rent
0
Recently sold
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Recently leased
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Market data as of 2026-10-16. 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
- Family-oriented environment
- Strong community feel
- Close to parks and schools
- High median income
- Low percentage of low-income households
Keep in mind
- Higher home prices than city median
- Limited rental options
- Few nearby amenities
The feel of the placeLifestyle
Residents enjoy a peaceful lifestyle with access to nature and community events. Daily life is centered around family and local schools.
Within the boundaryWhat's nearby
The boundary
2.9 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
14
Parks
9
Playgrounds
1
Grocery stores
2
Restaurants
1
Cafés
2
Pharmacies
Counted across all 2.9 km² of Lexington. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
7.4/10
Average rating of the 2 rated schools in this area
3
Elementary
St Matthew Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
7.6/107.6 over 5 yrs516th of 3,045 Ontario elementary schools
425 students · EQAO 2024-2025
Lexington Public School
Public · Grades JK–6 · Waterloo Region DSB
7.1/107.1 over 5 yrs808th of 3,045 Ontario elementary schools
355 students · EQAO 2024-2025
Wildflowers Forest School
Independent
Not rated
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Lexington, 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
8,114
Population (2021)
3.6 km²
Area
2,253
People per km²
40.8
Median age
$135,883
Median income
88%
Own their home
2.9
People per household
2,885
Households
Every age
- Children (under 15)15.9%
- Working age (15–64)72.0%
- Seniors (65+)12.1%
What is built here
- Detached houses76.3%
- Semi-detached4.6%
- Townhouses14%
- Duplexes1.4%
- Low-rise apartments4%
Own or rent
88%Owners
11%Renters
Across 2,885 households
When it was built
Mostly 1991–2000
- 1960 or earlier2%
- 1961–198015%
- 1981–199022%
- 1991–200038%
- 2001–200515%
- 2006–20105%
- 2011–20152%
- 2016–20211%
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.
- 24.2%
- Born outside Canada
- 39.8%
- Hold a degree or higher
- 65.4%
- Employment rate
- 1.7%
- Commute by transit
- 93.4%
- Commute by car
- 1.8
- Children per family
- $114,696
- Median income after tax
- $154,444
- Average household income
- 5%
- Living on a low income
- $1,880/mo
- Renters pay, per month
- $1,492/mo
- Owners pay, per month
- $762,019
- Median home value at census
- 12.5%
- Renters spending 30%+ of income on housing
- 7.8%
- 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
A condo here is its own market
1 condo apartment is on the market in Lexington right now. Too few have closed here in the last year for us to publish a median we would stand behind.