Cheap Apartments for Rent in Waterloo, IA from $400 (50 Rentals)

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property at 820 W 2nd St

820 W 2nd St

WaterlooIA50701
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1937 Pinehurst Ln
1 Bedroom Apartments

1937 Pinehurst Ln

1937 Pinehurst LnWaterloo, IA 50701
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Crossroads Square
1 Bedroom Apartments

Crossroads Square

1820 E Ridgeway AveWaterloo, IA 50702
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Le Chateau
1 to 2 Bedroom Apartments

Le Chateau

733-747 Russell RdWaterloo, IA 50701
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Camelot Apartments
2 Bedroom Apartments

Camelot Apartments

1650 Camelot DrWaterloo, IA 50702
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2723 Terrace Drive
1 Bedroom Apartments

2723 Terrace Drive

2723 Terrace DrCedar Falls, IA 50613
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Waterloo, IA Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Waterloo, IA

Pricing Updated: 02/27/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Waterloo$1,138$5753324

Cheapest Available Waterloo Apartments for Rent

 

The cheapest available apartment rental in Waterloo, IA is a Studio unit found at Russell Lamson in the Downtown Waterloo neighborhood priced from $675. Meadow Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Russell LamsonStudioStudio,1BA$675
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$675
Le Chateau1BR/1.0BA1BR,1BA$725
University Manor1 BR/ 1 BA (Feb '25)1BR,1BA$745
1106-1110 Kent CircleKent Circle 1 Bed/ 1 Bath1BR,1BA$750
Cobblestone Circle ApartmentSpacious 2 Bedroom 1Bath Apartment in Secure Bu...2BR,1BA$750
Union at North Crossing1 Bed 1 Bath1BR,1BA$757

Best Value Apartments for Rent in Waterloo, IA

As of February 27, 2025 the best value apartment in the Waterloo area is the $0.77 price per square foot 1522 Washington St Model at 1522 Washington St, Unit 2 in the in the Downtown Cedar Falls neighborhood starting from $925. The second greatest value Waterloo apartment is the 1912 Waterloo Rd Model at 1912 Waterloo Rd starting at $1,200 with a $1.00 price per square foot in the Downtown Cedar Falls neighborhood. Here is today’s list of the best values for Waterloo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1522 Washington St, Unit 21522 Washington St1BR,1BA$0.77
1912 Waterloo Rd1912 Waterloo Rd2BR,1BA$1.00
918 W 4th St, Unit 918918 W 4th St1BR,1BA$0.65
Hawkeye Towers3/2.003BR,2BA$0.50
Pineview Place ApartmentsPrime Waterloo Living: 2-Bedroom / 1-Bath Apart...2BR,1BA$1.00
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
Cobblestone Circle ApartmentSpacious 2 Bedroom 1Bath Apartment in Secure Bu...2BR,1BA$0.89
321 Clay St, Unit 3321 Clay St1BR,1BA$1.00
1229 Ravenwood Rd, Unit 31229 Ravenwood Rd1BR,1BA$0.99
832 W 1st St, Unit 832 1/2 W832 W 1st St1BR,1BA$1.01

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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

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waterloo, IA Rentals by Map

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See the most popular apartments and homes in Waterloo, IA

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Getting 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 the Cheapest Studio apartment in Waterloo?

Currently the most affordable Cheap Studio Apartment in Waterloo is at Russell Lamson listed at $675.

How much is rent for a Cheap One Bedroom Waterloo Apartment?

The lowest price for a Cheap One Bedroom Waterloo Apartment is $675 at Meadow Ridge Apartments.

What is the lowest price for a Cheap Two Bedroom Waterloo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waterloo is starting from $750 at Cobblestone Circle Apartment.

What is the most affordable Waterloo Three Bedroom Apartment?

The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Meadow Ridge Apartments and starts from $850.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.