Suburb rent · Waterloo, Lower Hutt

What it costs to rent in Waterloo

The normal flat in Waterloo rents for about $670 a week, from government bond records. No one has reviewed a flat here yet, but the rent figures still tell you what living in the area costs.

474 rental propertiesUpdated Jan 2026

474

Rental properties

~$670/wk

Most pay $577 to $735

Approximate normal flat

+11.7% in a year

+50%

Growth, 10 years

+4.1% a year

+2%

Growth, 5 years

+0.5% a year

Rent data: MBIE bond data (CC BY 4.0). Latest period Jan 2026. Waterloo spans 2 statistical areas, so the typical rent shown is approximate (a bond-weighted average).

How Waterloo compares

vs Lower Hutt

How rent here measures up against the wider city, so you can tell whether Waterloo is dearer, cheaper, or rising faster than Lower Hutt as a whole.

Rent growth, 10 years

Rent in Waterloo grew 50% over 10 years, against Lower Hutt’s 75%.

That is 25 points slower than Lower Hutt as a whole.

Rent over time

15 years

Fifteen years of Waterloo rent. The tilde (~) marks figures that are a close estimate, because Waterloo is split across a few statistical areas and the rent is averaged across them.

~$670/wkapproximate normal flat, 2026

$300$400$500$600$700$800

201120182026

What the normal flat rentsWhere most rents fall

Rents jump every January because that is when most student flats sign new leases for the year, and brand new tenancies rent higher than the standing stock. The line settles back by autumn. Source: MBIE bond data.

What tenants say

no reviews yet

No one has reviewed a flat in Waterloo yet. The rent figures above still stand on their own, and your review would be the first.

No tenant reviews here yet

The rent figures above come from government bond records, so this page still tells you what it costs to live in Waterloo. Lived here? Be the first to share your experience.

Waterloo, Lower Hutt