Cheap Apartments for Rent in Waterloo, IA from $300 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waterloo.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Marsh Place Apartments
1 to 2 Bedroom Apartments

Marsh Place Apartments

627 Sycamore StWaterloo, IA 50703
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3719 W 9th Apartments
1 to 2 Bedroom Apartments

3719 W 9th Apartments

3719 W 9th StWaterloo, IA 50702
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Cedar Crest Apartments
1 to 4 Bedroom Apartments

Cedar Crest Apartments

405 W Donald StWaterloo, IA 50703
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1937 Pinehurst Ln
1 Bedroom Apartments

1937 Pinehurst Ln

1937 Pinehurst LnWaterloo, IA 50701
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Russell Lamson
Studio to 3 Bedroom Apartments

Russell Lamson

209 W 5th StWaterloo, IA 50701
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Crossroads Square
1 Bedroom Apartments

Crossroads Square

1820 E Ridgeway AveWaterloo, IA 50702
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Camelot Apartments
2 Bedroom Apartments

Camelot Apartments

1650 Camelot DrWaterloo, IA 50702
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Greenridge Apartments
2 Bedroom Apartments

Greenridge Apartments

1645 Camelot DrWaterloo, IA 50702
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1637 Carriage Hill
2 Bedroom Apartments

1637 Carriage Hill

1637 Carriage Hill DrWaterloo, IA 50701

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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2723 Terrace Drive
1 Bedroom Apartments

2723 Terrace Drive

2723 Terrace DrCedar Falls, IA 50613
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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124 Earl St
1 to 2 Bedroom Apartments

124 Earl St

124-136 Earl StEvansdale, IA 50707
Showing Results 1-49, Page 1 of 1

Waterloo, IA Local Guide

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Cheapest Neighborhoods for Apartments in Waterloo, IA

Pricing Updated: 12/25/2025

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$1,400$55036

Cheapest Available Waterloo Apartments for Rent

 

The cheapest available apartment rental in Waterloo, IA is a 1 Bed unit found at Meadow Ridge Apartments priced from $625. 1106-1110 Kent Circle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$625
1106-1110 Kent CircleUpdated Cozy 1 Bedroom / 1 Bath Apartment in SW...1BR,1BA$750
2321 Iowa St - Cedar Falls0BR/1.0BAStudio,1BA$750
Union at North Crossing1 Bed 1 Bath1BR,1BA$760
University Manor1 BR/ 1 BA (Dec'25 and Jan' 26 )1BR,1BA$770
228 Spaces - Furnished Micro-Living Apartments2nd Floor StudioStudio,1BA$795
1150 Home Park Blvd2BR/1.0BA2BR,1BA$795
Le Chateau2BR/1.5BA2BR,1BA$795
1637 Carriage Hill2BR/1.0BA2BR,1BA$795
Falls Edge StudiosStudio B REVStudio,1BA$800

Best Value Apartments for Rent in Waterloo, IA

As of December 25, 2025 the best value apartment in the Waterloo area is the $0.85 price per square foot 317 Main St Model at 317 Main St, Unit 200 in the in the Downtown Cedar Falls neighborhood starting from $1,700. The second greatest value Waterloo apartment is the 3BR/2BA Model at Hawkeye Towers (new) starting at $505 with a $0.50 price per square foot . 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.
317 Main St, Unit 200317 Main St2BR,2BA$0.85
Hawkeye Towers (new)3BR/2BA3BR,2BA$0.50
Pineview Place Apartments2 Bedroom/1 Bath2BR,1BA$1.03
Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms2x1.5 Lower Level No Patio2BR,1.5BA$0.83
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
Le Chateau2BR/1.5BA2BR,1.5BA$0.85
Residences on College Hill4 Bedroom Apartment Near UNI — Only $1,400/mo (...4BR,1BA$0.99
Cobblestone Circle Apartment 2 Bedroom, 1 Bath Secure BuildingCobblestone Circle Spacious 2 Bedroom 1 Bath Ap...2BR,1BA$0.98
1150 Home Park Blvd2BR/1.0BA2BR,1BA$1.02
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$1.02

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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

Waterloo, IA
Population: 67,798

Ranked #539

in US Census Population by City

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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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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 2321 Iowa St - Cedar Falls listed at $750.

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

The lowest price for a Cheap One Bedroom Waterloo Apartment is $625 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 $775 at Meadow Ridge Apartments.

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

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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!