227 Allen St
WaterlooIA50701
Cheap Apartments for Rent in Waterloo, IA from $300 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterloo.
808-810 W 2nd St
WaterlooIA50701
1303 Logan Ave
WaterlooIA50703
326 Fowler St
WaterlooIA50703
820 W 2nd St
WaterlooIA50701
225 Miriam Dr
WaterlooIA50702
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from $6751 to 3 Bedroom Apartments Available Now
Meadow Ridge Apartments
765-791 Russell RdWaterloo, IA 50701
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216 Allen St
WaterlooIA50701
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
117 1/2 Lafayette St
WaterlooIA50703
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314 Locust St
WaterlooIA50701
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2503 Olive St
Cedar FallsIA50613
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Showing Results 1-23, Page 1 of 1
Waterloo, IA Local Guide
Downtown Waterloo by David Wilson is licensed under CC BY 2.0
How much does it cost to rent an apartment in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Waterloo Studio Apartments | $961 | $550 | $1,300 |
| Cheap Waterloo 1 Bedroom Apartments | $1,026 | $415 | $1,800 |
| Cheap Waterloo 2 Bedroom Apartments | $1,292 | $645 | $3,433 |
| Cheap Waterloo 3 Bedroom Apartments | $1,142 | $505 | $1,950 |
| Cheap Waterloo 4 Bedroom Apartments | $950 | $425 | $1,500 |
Browse Top Apartments in Waterloo
See all Apartments in WaterlooExplore Waterloo
Waterloo, IA Local Guide
Written By:
Staff Writer Local Guide Expert
- Waterloo Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Waterloo, IA
Pricing Updated: 04/30/2025Current apartment rentals in the Waterloo, IA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Waterloo Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Waterloo | $1,151 | $550 | 49 |
Cheapest Available Waterloo Apartments for Rent
The cheapest available apartment rental in Waterloo, IA is a 4 Beds unit found at Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $395. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Residences on College Hill | Private 1-Bedroom Apartment in a Spacious 4-Bed... | 4BR,1BA | $395 |
| Russell Lamson | Studio | Studio,1BA | $675 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $675 |
| University Manor | 1 BR/ 1 BA (NOW) | 1BR,1BA | $745 |
| 1106-1110 Kent Circle | Kent Circle 1 Bed/1 Bath | 1BR,1BA | $750 |
Best Value Apartments for Rent in Waterloo, IA
As of April 30, 2025 the best value apartment in the Waterloo area is the $1.15 price per square foot 2109 Walnut St Model at 2109 Walnut St, Unit WALNUT lower in the in the Downtown Cedar Falls neighborhood starting from $1,500. The second greatest value Waterloo apartment is the 918 W 4th St Model at 918 W 4th St, Unit 918 starting at $700 with a $0.61 price per square foot in the Downtown Waterloo neighborhood. Here is today’s list of the best values for Waterloo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2109 Walnut St, Unit WALNUT lower | 2109 Walnut St | 4BR,2BA | $1.15 |
| 918 W 4th St, Unit 918 | 918 W 4th St | 1BR,1BA | $0.61 |
| 3714 Ravenwood Cir | 2 BR/ 2 BA | 2BR,2BA | $1.05 |
| Hawkeye Towers | 3/2.00 | 3BR,2BA | $0.50 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.00 |
| Le Chateau | 2BR/1.5BA | 2BR,1.5BA | $0.96 |
| Union at North Crossing | 2 Bed 2 Bath | 2BR,2BA | $1.13 |
| Cobblestone Circle Apartment | Spacious 2 Bedroom 1Bath Apartment in Secure Bu... | 2BR,1BA | $0.92 |
| University Manor | 1 BR/ 1 BA (NOW) | 1BR,1BA | $1.16 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.11 |
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Waterloo Overview
Black Hawk County, located in Iowa, is a beautiful part of the country. One of the jewels is Waterloo, IA, which is the county seat. Waterloo is not far from Cedar Falls, however, it still has beautiful living opportunities in its own right. If you are looking for apartments in Waterloo, Iowa, what do you need to know about this area? Take a look at some important information and find the best Waterloo apartments in the region.á
Why live in Waterloo, IA?
There are lots of reasons why people choose to live in the beautiful area of Waterloo. First, traffic is relatively light, allowing people to spend more time doing what they love instead of sitting in traffic. Next, the cost of living in Waterloo is very low. That is because real estate is not that expensive. Finally, there are lots of friendly people who live in Waterloo as well. Lots of people are willing to help each other out, making Waterloo a beautiful place for young professionals and family.á
Best Local Schools in Waterloo, IA
Orange Elementary School
Waterloo Community School District
Public School - Grades PK-5 (521)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterloo, IA Rentals by Map
See the most popular apartments and homes in Waterloo, IA
Waterloo, IA Apartments MapWaterloo, IA Rental Homes MapGetting Around Waterloo, IA
Walk Score®
47 / 100
Car-Dependent
Most errands require a car
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
24 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Waterloo Apartments
What is a cheap apartment in Waterloo?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterloo is under $845.
What is the price of a cheap apartment in Waterloo?
The cheapest apartment in Waterloo is Residences on College Hill which is listed at $385, while the average apartment in Waterloo costs $1,151.
What types of apartments are the cheapest in Waterloo?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14 regular apartments in Waterloo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Waterloo?
Cheap apartments in Waterloo have an average cost of $372 which is $779 cheaper than the average rent for all rentals in Waterloo.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.