Cheap Apartments for Rent in the Downtown Waterloo Neighborhood of Waterloo, IA from $400 (38 Rentals)

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

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227 Allen St
$550Studio, 1 Bath RentalsAvailable Now

227 Allen St

Waterloo, IA 50701
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820 W 2nd St
$6502 Bedroom, 1 Bath RentalsAvailable Now

820 W 2nd St

Waterloo, IA 50701
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Showing Results 1-38, Page 1 of 1

Cheapest Available Downtown Waterloo Apartments for Rent

 

The cheapest available apartment rental in the Downtown Waterloo area of Waterloo, IA is a Studio unit found at Russell Lamson priced from $675. 1106-1110 Kent Circle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Downtown Waterloo apartments for rent in Waterloo, IA:

Apartment ListingModel NameBed/BathPriced From
Russell LamsonStudioStudio,1BA$675
1106-1110 Kent CircleKent Circle 1 Bed/ 1 Bath1BR,1BA$750
Union at North Crossing1 Bed 1 Bath1BR,1BA$757
Edgemont Park Apartments1 Bedroom Efficiency @ Edgemont ParkStudio,1BA$795
Leavitt Park Apartments - Waterloo, IAStandard Unit2BR,1BA$950
Park Avenue LoftsStudio - AVAILABLE NOW!Studio,1BA$1,100
Art BlocStudioStudio,1BA$1,200
The Grand CrossingLofts @Grand Crossing1BR,1BA$1,300

Best Value Apartments for Rent in Downtown Waterloo, IA

As of February 19, 2025 the best value apartment in the Downtown Waterloo area is the $0.65 price per square foot 918 W 4th St Model at 918 W 4th St, Unit 918 in the in the Downtown Waterloo neighborhood starting from $750. The second greatest value Downtown Waterloo apartment is the 1st Month Free Model at Riverwalk Residences starting at $1,300 with a $1.23 price per square foot in the Downtown Waterloo neighborhood. Here is today’s list of the best values for Downtown Waterloo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
918 W 4th St, Unit 918918 W 4th St1BR,1BA$0.65
Riverwalk Residences1st Month Free2BR,2BA$1.23
Union at North Crossing2 Bed 2 Bath2BR,2BA$1.13
The Grand CrossingCorner Loft @ Grand Crossing1BR,1BA$1.88
Leavitt Park Apartments - Waterloo, IAStandard Unit2BR,1BA$1.36
Edgemont Park ApartmentsEdgemont 1 bed/1bath Poolside Balcony1BR,1BA$1.34
Park Avenue LoftsLoft - AVAILABLE NOW!1BR,1BA$2.09
832 W 1st St, Unit 832 1/2 W832 W 1st St1BR,1BA$1.01
1106-1110 Kent CircleKent Circle 1 Bed/ 1 Bath1BR,1BA$1.56
Russell LamsonStudioStudio ,1BA$1.67

Getting Around the Downtown Waterloo Neighborhood in Waterloo, IA

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

77 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

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 Downtown Waterloo Apartments

What is the Cheapest Studio apartment in Downtown Waterloo?

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

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

The lowest price for a Cheap One Bedroom Downtown Waterloo Apartment is $750 at 1106-1110 Kent Circle.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Waterloo is starting from $895 at Edgemont Park Apartments.

What is the most affordable Downtown Waterloo Three Bedroom Apartment?

The best deal on a cheap Downtown Waterloo Three Bedroom Apartment rental is at Union at North Crossing and starts from $1,151.

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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