440 Florence St
WaterlooIA50703
Cheap Homes for Rent in Downtown Waterloo Neighborhood of Waterloo, IA from $500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waterloo area of Waterloo.
420 Sunnyside Ave
WaterlooIA50701
102 South St
WaterlooIA50701
1701 Lafayette St
WaterlooIA50703
621 W 9th St
WaterlooIA50702
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.
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Downtown Waterloo, Waterloo, IA Local Guide
Downtown Waterloo by David Wilson is licensed under CC BY 2.0
How much does it cost to rent a home in Downtown Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Waterloo 2 Bedroom Homes for Rent | $842 | $650 | $1,150 |
| Downtown Waterloo 3 Bedroom Homes for Rent | $923 | $695 | $1,100 |
| Downtown Waterloo 4 Bedroom Homes for Rent | $1,006 | $875 | $1,300 |
| Downtown Waterloo 5 Bedroom Homes for Rent | $1,050 | $1,050 | $1,050 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Waterloo Neighborhood of Waterloo, IA.
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Russell Lamson | Studio | Studio,1BA | $675 |
| 1106-1110 Kent Circle | Kent Circle 1 Bed/1 Bath | 1BR,1BA | $750 |
| Union at North Crossing | 1 Bed 1 Bath | 1BR,1BA | $757 |
Best Value Apartments for Rent in Downtown Waterloo, IA
As of April 18, 2025 the best value apartment in the Downtown Waterloo area is the $0.61 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 $700. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 918 W 4th St, Unit 918 | 918 W 4th St | 1BR,1BA | $0.61 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.23 |
| Union at North Crossing | 2 Bed 2 Bath | 2BR,2BA | $1.13 |
| The Grand Crossing | Corner Loft @ Grand Crossing | 1BR,1BA | $1.88 |
| Leavitt Park Apartments - Waterloo, IA | Standard Unit | 2BR,1BA | $1.28 |
| Edgemont Park Apartments | Edgemont 1 bed/1bath Poolside Balcony | 1BR,1BA | $1.34 |
| Park Avenue Lofts | Loft - AVAILABLE NOW! | 1BR,1BA | $2.09 |
| 1106-1110 Kent Circle | Kent Circle 1 Bed/1 Bath | 1BR,1BA | $1.56 |
| Russell Lamson | Studio | Studio ,1BA | $1.67 |
| Art Bloc | Studio | Studio ,1BA | $3.04 |
Frequently Asked Questions about Downtown Waterloo
What type of rentals are currently available in Downtown Waterloo?
There are currently 89 Apartments for Rent in Downtown Waterloo, IA with pricing that ranges from $525 to $2,500. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waterloo ranging from $550 to $1,300.
What is the current price range for Rental Homes in Downtown Waterloo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Waterloo ranges from $550 to $1,300 with an average monthly rent of $884.
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.
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.
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.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.