How much is rent in Waterloo?

In Waterloo, the average rent is $600+ for a studio, $703+ for a 1-bedroom, $932+ for a 2-bedroom, and $1,337+ for a 3-bedroom.* *Based on base prices that don’t include fees

How can I find a cheap apartment in Waterloo?

You can find the lowest-priced apartments in Waterloo by using the cheap apartments filter.

How can I find a pet-friendly apartment in Waterloo?

You can use the pet-friendly filter to find Waterloo apartments that allow pets.

How much should I pay for rent in Waterloo?

The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Waterloo.

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Apartments for Rent in Waterloo, IA

125 rentals available

1216 Oleson Rd
$850
1216 Oleson Road, Waterloo, IA 50702
(319) 253-2547
1 unit available
2 bed
Modern Convenience
Modern living with prime location and amenities
1216 Oleson offers a modern living experience with newly remodeled apartments featuring open floor plans, quartz countertops, and new appliances. Enjoy the convenience of nearby schools, shopping centers, and restaurants, making daily life a breeze. Residents love the quiet neighborhood and polite, helpful neighbors.
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125 Sherwood Ct
$650
125 Sherwood Court, Waterloo, IA 50701
(319) 308-5401
1 unit available
1 bed
Amenities
On-site laundry and Cats allowed
Serene Locale
Quiet neighborhood near top schools and shopping centers
Discover a serene and welcoming community at 125 Sherwood, perfectly complemented by a quiet neighborhood that's cherished by residents. Dog lovers will appreciate the area being especially dog-friendly. The property's proximity to good schools and various shopping centers promises everyday convenience.
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230 West Hills
$1,295
230 West Hills Lane, Waterloo, IA 50701
(319) 257-2830
1 unit available
2 bed
Amenities
In unit laundry, Dishwasher, Pet friendly, and Garage
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1220 Meadow Ln
$795
1220 Meadow Lane, Waterloo, IA 50701
(319) 474-5346
1 unit available
2 bed
Amenities
Range and Refrigerator
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Waterloo city guide
Everything you need to know
Let's go
Best market deals
These units are the best deal in town.
1 Bedroom, 1 Bath Duplex located at 313 Dearborn Waterloo, IA 1 Bed, 1 Bath, $575
1 Bed • 1 Bath • 780 sqft
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Available
Now
1001 1/2 Randolph St 1 Bed
1 Bed • 1 Bath • 624 sqft
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Available
Now
1021 1/2 W 5th St. - Apt 1 1021 1/2 W 5Th St. - Apt 1
1 Bed • 1 Bath • 400 sqft
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Available
Now
211 Fereday Ct - Unit A 211 Fereday Ct - Unit A
1 Bed • 1 Bath • 320 sqft
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Available
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1023 W 3rd St #4 0 Bed
Studio • 1 Bath • 400 sqft
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1200 Meadow Ln
$795
1200 Meadow Lane, Waterloo, IA 50701
(319) 302-3368
1 unit available
2 bed
Amenities
Range and Refrigerator
Convenient Living
Ideal location with amenities and lush surroundings.
1200 Meadow Ln provides the tranquility of a quiet neighborhood combined with the convenience of being near schools, shopping centers, and restaurants. Spacious apartments boast open living areas and ample closet space, offering a satisfying living experience. On-site shared laundry facilities further enhance its appeal.
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3684 W 4th St
$795
3684 West 4th Street, Waterloo, IA 50701
(319) 315-1141
1 unit available
2 bed
Amenities
Range and Refrigerator
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3729 W 9th Street
$850
3729 West 9th Street, Waterloo, IA 50702
(319) 349-2242
1 unit available
2 bed
Amenities
Range and Refrigerator
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1153 Langley Rd
$695
1153 Langley Road, Waterloo, IA 50702
(319) 671-6576
1 unit available
1 bed
Amenities
On-site laundry, Garage, Range, and Refrigerator
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709 W 3rd St
$675
709 West 3rd Street, Waterloo, IA 50701
(319) 332-5256
1 unit available
1 bed
Amenities
Parking, Range, and Refrigerator
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1125 Dixon Dr
$795
1125 Dixon Drive, Waterloo, IA 50701
(319) 271-6251
1 unit available
2 bed
Amenities
Range and Refrigerator
Peaceful Community
Quiet neighborhood near essentials
1125 Dixon offers a serene living environment in a peaceful neighborhood. Residents enjoy a close-knit, pet-friendly community with friendly neighbors. Its convenient location near schools, shopping centers, and restaurants makes everyday living a breeze.
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Luxury apartments
Top units for an elevated lifestyle.
1429 Columbus Dr 3 Bed
3 Beds • 2 Baths • 1636 sqft
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Available
Jun 1
125 Axlewood Dr 3 Beds, 2 Baths, $2000
3 Beds • 2 Baths • 1392 sqft
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Available
Mar 7
3 Bd 1 Ba Condo for rent in Waterloo, IA 3 Beds, 2.5 Baths, $1975
3 Beds • 2.5 Baths • 2928 sqft
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Available
Apr 1
3 Bd 1 Ba Condo for rent in Waterloo, IA 3 Beds, 2.5 Baths, $1975
3 Beds • 2.5 Baths • 2928 sqft
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Apr 1
Unfurnished | Summerland Twinhomes | Waterloo | Near Lost Island Waterpark 177 Harvey Dr
3 Beds • 3.5 Baths • 1352 sqft
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Available
Jun 30
1126 Langley
$825
1126 Langley Road, Waterloo, IA 50702
(319) 316-6649
1 unit available
2 bed
Amenities
Oven and Refrigerator
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727 W Park
$625
727 West Park Avenue, Waterloo, IA 50702
(319) 315-2259
1 unit available
1 bed
Amenities
Parking, Range, and Refrigerator
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608 Wellington St
$600
608 Wellington Court, Waterloo, IA 50702
(319) 474-5189
2 units available
1 bed
Amenities
On-site laundry
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130 Sherwood Ct
$650
130 Sherwood Court, Waterloo, IA 50701
(319) 264-2720
1 unit available
1 bed
Amenities
Patio / balcony, Parking, Range, and Refrigerator
Serene Retreat
Peaceful neighborhood perfect for pet owners.
Residents of 130 Sherwood enjoy a peaceful and quiet neighborhood, fostering a serene living environment. This location is celebrated for being dog-friendly, making it a fantastic choice for pet owners. With friendly neighbors and a safe atmosphere, it's an inviting place to call home. Enjoy nearby parks and abundant dining options just a walk away.
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527 Downing
$800
527 Downing Avenue, Waterloo, IA 50701
(319) 474-5273
1 unit available
1 bed
Amenities
In unit laundry, Patio / balcony, and Garage
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1838-1840 West 3rd
$700
1838 West 3rd Street, Waterloo, IA 50701
(319) 600-6343
1 unit available
2 bed
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City Guide

The average rent for a 1 bedroom apartment in Waterloo is $703+, while the average rent for a 2 bedroom apartment is $932+. Rent rates updated 3 days ago

Studio: $600+Trending down
1 Bed: $703+Trending down
2 Beds: $932+Trending down
3+ Beds: $1,337+Trending down

* Averages are based on the rental prices of properties listed on Apartment List that don’t include fees

Top neighborhoods in Waterloo

Church Row Historic
View 19 listings
What it’s like to live in Church Row Historic
Church Row Historic showcases Waterloo's architectural heritage through beautifully preserved homes from the late 19th and early 20th centuries. Rental options include apartments in divided historic properties with character details like leaded glass, pocket doors, and decorative woodwork. The neighborhood provides excellent access to both downtown employment and Crossroads Mall shopping, creating an ideal environment for those who appreciate historic surroundings with urban convenience.
Great for
History Enthusiasts
Retirees
Families
Culture Lovers
Tourists
Neighborhood vibe
Historic
Charming
Walkable
View 19 listings

Neighborhoods

Gates Park

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More Rental Options

Bedrooms

1 Bedroom Apartments in Waterloo (20)

Price

Waterloo Cheap Apartments (62)

Amenities

Cities

Counties

Black Hawk County Apartments (174)

Find an apartment for rent in Waterloo, IA

Searching for an apartment for rent in Waterloo, IA? Look no further! Apartment List will help you find a perfect apartment near you. There are 125 available rental units listed on Apartment List in Waterloo. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!

The average rent in Waterloo is $600 for a studio, $703 for a one-bedroom apartment, and $932 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.

Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Waterloo apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.

You can trust Apartment List to help you find your next Waterloo, IA apartment rental! After all, everyone deserves a home they love.

Frequently Asked Questions (FAQs)

Waterloo, Iowa: Not the One with Napoleon

Greetings, apartment scavengers, and welcome to your virtual Waterloo, Iowa leasing headquarters! Situated near the northeastern edge of the Hawkeye State on the banks of the Cedar River, Waterloo is famous for being the place where the mighty Napoleon met his demise at the hands of the Duke of Wellington … wait. That may be a different Waterloo. Okay, so maybe we’re not exactly summa cum laude material in the world history department, but when it comes to scoring you the apartment of your dreams, we guarantee we’re aces. So stick with us, ladies and gents, because a Waterloo pad even Napoleon would be proud of is just a few clicks away…

Children of the Corn…but less scary.

To paraphrase a certain baseball movie, this isn’t heaven. It’s Iowa: full of corn and farmer’s daughters. Still, there’s something a bit angelic about the cost of living in Waterloo, where studio apartments go for under $300, 1BRs are available in the $500 range, and even family-style, multi-BR apartments rarely cost more than $800. This, of course, allows you to spend your money on life’s more important things, like that pimped out John Deere combine harvester you’ve had your eye on for so long. Here a few other things to keep in mind before embarking on your quest for the primo apartment:

Waiting lists are pretty much unheard of in Waterloo and vacancies are a reality at most complexes year-round, so shop the market leisurely and thoroughly without worrying about letting your dream pad slip from your grasp.
Less than three percent of all housing structures were constructed in the 1990s or later, so hopefully you appreciate some old-school living quarters. Obviously, older units sometimes have structural issues that newer places don’t, so be sure to give your new digs an in-depth inspection before moving in to make sure everything is up to par (and code).
Pet-friendly rentals are notoriously difficult, although not impossible, to find in Waterloo so if you’re bringing a cat, dog, mountain lion, or troop of abominable snowmen along, you’ll soon discover your options are limited. The few apartment managers that do allow pets typically charge substantive, non-refundable pet fees upfront. Whether the fees are for pet hair removal or just a city-wide racket aimed at divesting you of some cash, unfortunately, they aren’t going anywhere.
Neighboring Cedar Falls is a college town that is home to the University of Northern Iowa, and the collegiate contingent definitely spills (stumbles?) over into Waterloo. Few apartments are dominated entirely by students, but we still recommend inquiring about an apartment’s tenants before signing a lease, since so many non-students feel out of place at a property inhabited mostly by ragged bands of keg-standing youth –and vice versa.
Some brand new 1-3 BR luxury units with well over 1000 sq feet of living space recently hit the market, so not every rental property in Waterloo is decades old. Whether you’re looking for a bargain bin studio with basic amenities, an ultramodern loft with all the bells and whistles you could imagine, or anything in between, you’ll find something that fits your tastes and budget in Waterloo.
Renting standards aren’t overly strict in Waterloo, but you’ll still need the basics, including proof of income, banking account info, a list of previous residences, contract to sign over your first born child, and your most recent 2-3 paychecks to score a lease. If you lack or one or more these things, a reputable co-signer will do just fine.

It’s not exactly West Side Story here.

Before choosing which apartment complex suits your style, it’s always wise to find the neighborhood that’s best for you. The different parts of Waterloo don’t have drastically different looks and feels. Our advice: seek out a variety of opinions about the different areas of the city, but spend plenty of time in a neighborhood–during both day and night– to see with your own eyes if you’re comfortable or not with its particular brand of joie-de-vivre.

The only subway we have serves sandwiches.

The MET city buses hit up various residential and commercial locations in Waterloo and Cedar Rapids, but because Waterloo is so spread out and the MET routes are extremely limited, your only real option for traveling around conveniently is with your own set of wheels. Fortunately, traffic is as minimal as it gets and parking is ample. Cycling is also possible in Waterloo, but you may find that once the snow reaches the rooftops it may make for an uncomfortable commute to campus or work.

Yes, tractor pulling is as fun as it sounds.

At some point, you’ll probably feel the need to leave the comfy confines of your new humble abode and explore the city around you. Luckily, Waterloo features a variety of entertainment options, including a revamped downtown area with numerous shopping, dining, and drinking establishments. Other popular attractions include the John Deere Factory Assembly Plant (yes, this is real, and it also happens to be one of this industrial city’s largest employers), the Dan Gable International Wrestling Institute and Museum (also real), and a variety of hiking, boating, and camping destinations. Waterloo isn’t exactly Manhattan or Miami Beach when it comes to culture and nightlife, but if you know where to look, you’ll find plenty to do, whether you’re a night owl or you prefer your fun more cornfield- and tractor-centric.

And now for the part you’ve been waiting for: scoring a dynamite rental in Waterloo. Congratulations in advance and happy hunting!

Apartments for Rent in Waterloo, IA

1216 Oleson Rd

125 Sherwood Ct

230 West Hills

1220 Meadow Ln

1200 Meadow Ln

3684 W 4th St

3729 W 9th Street

1153 Langley Rd

709 W 3rd St

1125 Dixon Dr

1126 Langley

727 W Park

608 Wellington St

130 Sherwood Ct

527 Downing

1838-1840 West 3rd

Average rent in Waterloo, Iowa

Top neighborhoods in Waterloo

Church Row Historic

What it’s like to live in Church Row Historic

Great for

Neighborhood vibe

More Rental Options

Find an apartment for rent in Waterloo, IA

Frequently Asked Questions (FAQs)

Living in Waterloo, IA

Waterloo Apartment Renter's Guide

Waterloo Apartment Renter's Guide