Cheap Apartments for Rent in Waterloo, IL from $600 (25 Rentals)

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Pevely Pointe
1 to 3 Bedroom Apartments

Pevely Pointe

1001 Pevely Pointe DrPevely, MO 63070
  • Utilities Included
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THE OAKS AT SOUTH COUNTY
1 to 2 Bedroom Apartments

THE OAKS AT SOUTH COUNTY

1194 Casa Brazilia DrSt. Louis, MO 63129
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Waterloo, IL Local Guide

Cheapest Available Waterloo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterloo, IL is a 1 Bed unit found at The Vineyards in the River Breeze Estates neighborhood priced from $790. Jefferson Townhomes in the Patch neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The VineyardsZinfandel1BR,1BA$790
Jefferson TownhomesOne Bedroom Garden1BR,1BA$795
Southfield Apartments1 BR/ 1 BA1BR,1BA$825
Covington Place Apartments1 Bedroom and 1 Bathroom1BR,1BA$863
Taravue ParkCatskill1BR,1BA$875

Best Value Apartments for Rent in Waterloo, IL and Nearby

As of March 26, 2025 the best value apartment in the Waterloo area is the $1.14 price per square foot Standard First Floor Model at Bridgewater Apartments in the in the River Breeze Estates neighborhood starting from $1,200. The second greatest value Waterloo apartment is the Merlot Model at The Vineyards starting at $1,130 with a $1.18 price per square foot in the River Breeze Estates neighborhood. 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.
Bridgewater ApartmentsStandard First Floor2BR,2BA$1.14
The VineyardsMerlot3BR,2BA$1.18
Suson PinesDOGWOOD2BR,1BA$1.20
Lakewood Apartments2A2BR,2BA$1.24
ReNew Cross CreekValencia1BR,1BA$1.34
Canyon CreekHollow1BR,1BA$1.25
Tuscany Village Apartments2 Bedroom 1 Bath 2BR,1BA$1.21
Southfield Apartments1 BR/ 1 BA1BR,1BA$1.18
Covington Place Apartments1 Bedroom and 1 Bathroom1BR,1BA$1.33
Jefferson TownhomesOne Bedroom Garden1BR,1BA$1.30

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Best Local Schools in
Waterloo, IL

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Getting Around Waterloo, IL

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Waterloo Apartments

What is the Cheapest Studio apartment in Waterloo?

Currently the most affordable Cheap Studio Apartment in Waterloo is at Kingston Drive Apartments listed at $1,011.

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

The lowest price for a Cheap One Bedroom Waterloo Apartment is $790 at The Vineyards.

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 $875 at Southfield Apartments.

What is the most affordable Waterloo Three Bedroom Apartment?

The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Jefferson Townhomes and starts from $1,050.

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.