Real Estate for Rent in University Downs, Waterloo, ON

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Neighbourhood in Waterloo

University Downs

family-friendly suburban community-focused

University Downs is a residential neighbourhood in Waterloo, Ontario. It offers a mix of homes and a family-friendly atmosphere.

Good schools with an average rating of 7.1 Many parks and playgrounds available Low percentage of low-income households Majority of homes are single-detached High ownership rate at 84.1%

At a glance

Day to dayLivability

7.1

Schools near listings

out of 10 · averaged over 250 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

$975,000

67% above Waterloo 35% above Ontario

In University Downs

$975,000

In Waterloo

$584,350

In Ontario

$719,900

Median monthly rent

In Waterloo

$2,200

In Ontario

$2,500

On the marketMarket snapshot

For sale

3

Median $975,000

Houses 3

For rent

0

Recently sold

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Recently leased

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Market data as of 2026-10-08. 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 community
  • Close to schools and parks
  • Strong community feel
  • High median income

Keep in mind

  • Higher home prices than city median
  • Limited rental options available

The feel of the placeLifestyle

Residents enjoy a quiet suburban life with easy access to schools and parks. The area is suitable for families and those seeking a peaceful environment.

Great for families first-time buyers professionals

Within the boundaryWhat's nearby

The boundary

26.4 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

68

Parks

46

Playgrounds

1

Grocery stores

5

Restaurants

3

Cafés

2

Gyms

2

Libraries

3

Pharmacies

Counted across all 26.4 km² of University Downs. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.4/10

Average rating of the 7 rated schools in this area

10

Elementary

  • Millen Woods Public School

    Public · Grades JK–6 · Waterloo Region DSB

    8.6/108.1 over 5 yrs

    150th of 3,045 Ontario elementary schools

    275 students · EQAO 2024-2025

  • Lester B Pearson Public School

    Public · Grades JK–8 · Waterloo Region DSB

    7.8/107.4 over 5 yrs

    433rd of 3,045 Ontario elementary schools

    595 students · EQAO 2024-2025

  • St Matthew Catholic Elementary School

    Catholic · Grades JK–8 · Waterloo CDSB

    7.6/107.6 over 5 yrs

    516th 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 yrs

    808th of 3,045 Ontario elementary schools

    355 students · EQAO 2024-2025

  • St Luke Catholic Elementary School

    Catholic · Grades JK–8 · Waterloo CDSB

    7.1/107.6 over 5 yrs

    808th of 3,045 Ontario elementary schools

    505 students · EQAO 2024-2025

  • Bridgeport Public School

    Public · Grades JK–6 · Waterloo Region DSB

    7.0/106.1 over 5 yrs

    888th of 3,045 Ontario elementary schools

    310 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside University Downs, 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

24,598

Population (2021)

16.8 km²

Area

1,466

People per km²

40.8

Median age

$137,171

Median income

84%

Own their home

2.8

People per household

8,670

Households

Every age

  • Children (under 15)17.2%
  • Working age (15–64)68.9%
  • Seniors (65+)13.9%

What is built here

  • Detached houses70.8%
  • Semi-detached4.5%
  • Townhouses13%
  • Duplexes1.3%
  • Low-rise apartments5.9%
  • High-rise apartments4.6%

Own or rent

84%Owners

15%Renters

Across 8,670 households

When it was built

Mostly 1991–2000

  • 1960 or earlier3%
  • 1961–198016%
  • 1981–199016%
  • 1991–200025%
  • 2001–200519%
  • 2006–20104%
  • 2011–20156%
  • 2016–202110%

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.

25.4%
Born outside Canada
40.9%
Hold a degree or higher
64%
Employment rate
2.4%
Commute by transit
92.1%
Commute by car
1.8
Children per family
$114,314
Median income after tax
$167,845
Average household income
4.6%
Living on a low income
$1,901/mo
Renters pay, per month
$1,624/mo
Owners pay, per month
$816,896
Median home value at census
14.3%
Renters spending 30%+ of income on housing
9.8%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 30 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