Cheap Homes for Rent in Downtown Waterloo Neighborhood of Waterloo, IA from $500 (10 Rentals)

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

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

Best Value Apartments for Rent in Downtown Waterloo, IA

As of March 29, 2025 the best value apartment in the Downtown Waterloo area is the $1.23 price per square foot 1st Month Free Model at Riverwalk Residences in the in the Downtown Waterloo neighborhood starting from $1,300. The second greatest value Downtown Waterloo apartment is the 2 Bed 2 Bath Model at Union at North Crossing starting at $993 with a $1.13 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.
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$1.14
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
Art BlocStudioStudio ,1BA$3.04

Frequently Asked Questions about Downtown Waterloo

What type of rentals are currently available in Downtown Waterloo?

There are currently 77 Apartments for Rent in Downtown Waterloo, IA with pricing that ranges from $575 to $2,500. There are also 35 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 $888.

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

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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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Renting Smart: Lease Basics Every Renter Needs

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

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How Your Move-In Inspection Can Protect Your Security Deposit

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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.