Property prices for rent in Kitchener (Ontario)

The rent prices in real estate in Kitchener, in the Ontario region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Kitchener has fallen during the last 6 months. In September, the average price per sq.feet was $2.67. In the following month the price per sq.feet rose to $2.83. The price for the following two months in (November, December) fell 89 % with regard to the previous two months. The price per sq.feet has fallen 92 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2.6 to $2.4 during January, and February.

Average price

When referring to the price in Kitchener (cities), this has fallen in the last 6 months. The average price for September is $2,240. During October the price had a slight fall till $2,073. During the following two months (November, December) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $2,028.75 to $1,875.5 in January and February.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,075 they are 13 % more affordable than the average price for Kitchener . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,714.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.33 / sq.feet, with an average $2.78 / sq.feet price in Kitchener. The properties with the most expensive average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.37 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,075 it is 45 % more affordable than the average price in Kitchener. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $2,554 it is 28 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.58 / sq.feet followed by "House" priced at $3.11 / sq.feet. "Townhouse" is the most expensive type of property with a $9.51 / sq.feet value followed by "House" with an average price of $3.11 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Kitchener
Number of properties used in region Ontario
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value