Cheap Homes for Rent in Waterloo, IA from $500 (57 Rentals)

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property at 1422 Irish Dr

1422 Irish Dr

WaterlooIA50701
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Waterloo, IA Local Guide

Cheapest Neighborhoods for Apartments in Waterloo, IA

Pricing Updated: 04/15/2025

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$1,151$52568

Cheapest Available Waterloo Apartments for Rent

 

The cheapest available apartment rental in Waterloo, IA is a 4 Beds unit found at Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $425. 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
Residences on College HillPrivate 1-Bedroom Apartment in a Spacious 4-Bed...4BR,1BA$425
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$675
Russell LamsonStudioStudio,1BA$675
1106-1110 Kent CircleKent Circle 1 Bed/1 Bath1BR,1BA$750
Union at North Crossing1 Bed 1 Bath1BR,1BA$757
1637 Carriage Hill Dr2 BR/ 1 BA2BR,1BA$775
Cobblestone Circle ApartmentSpacious 2 Bedroom 1Bath Apartment in Secure Bu...2BR,1BA$775
228 Spaces - Furnished Micro-Living Apartments1st Floor StudioStudio,1BA$795

Best Value Apartments for Rent in Waterloo, IA

As of April 16, 2025 the best value apartment in the Waterloo area is the $1.08 price per square foot 2109 Walnut St Model at 2109 Walnut St, Unit WALNUT lower in the in the Downtown Cedar Falls neighborhood starting from $1,400. The second greatest value Waterloo apartment is the Beautiful HUGE 3 Bedroom/2 Bath Apartment in Gr... Model at Pineview Place Apartments starting at $1,150 with a $0.96 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.
2109 Walnut St, Unit WALNUT lower2109 Walnut St4BR,2BA$1.08
Pineview Place ApartmentsBeautiful HUGE 3 Bedroom/2 Bath Apartment in Gr...3BR,2BA$0.96
918 W 4th St, Unit 918918 W 4th St1BR,1BA$0.61
3714 Ravenwood Cir2 BR/ 2 BA2BR,2BA$1.05
Hawkeye Towers3/2.003BR,2BA$0.50
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
Le Chateau2BR/1.5BA2BR,1.5BA$0.96
Cobblestone Circle ApartmentSpacious 2 Bedroom 1Bath Apartment in Secure Bu...2BR,1BA$0.92
1637 Carriage Hill Dr2 BR/ 1 BA2BR,1BA$1.10
1422 Irish Dr, Unit 41422 Irish Dr1BR,1BA$1.02

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Frequently Asked Questions about Waterloo

What type of rentals are currently available in Waterloo?

There are currently 227 Apartments for Rent in Waterloo, IA with pricing that ranges from $425 to $3,433. There are also 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $550 to $3,433.

What is the current price range for Rental Homes in Waterloo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterloo ranges from $550 to $3,433 with an average monthly rent of $1,245.

How much are larger Three and Four Bedroom Rentals in Waterloo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterloo range from $505 to $1,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $2,175. Four Bedroom Single-Family rentals are also available starting from $875 and Four Bedroom Apartments start at $425.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

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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.

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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.