Cheap Apartments for Rent in Waterloo, IN from $500 (18 Rentals)

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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Montrose Square
Studio to 2 Bedroom Apartments

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
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Atz Place
1 to 2 Bedroom Apartments

Atz Place

301 E Wayne StKendallville, IN 46755
Senior Living
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Waterloo, IN Local Guide

Cheapest Available Waterloo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterloo, IN is a 3 Beds unit found at Yugo Fort Wayne Arch in the Northeast Fort Wayne neighborhood priced from $549. Shoaff Park Villas in the Northeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Yugo Fort Wayne Arch3 Bed, 3 Bath Plus3BR,3BA$549
Shoaff Park VillasStudio, 1 bathStudio,1BA$645
Wood Creek ApartmentsThe Willow1BR,1BA$699
Fountain Lake Apartment HomesRoselleStudio,1BA$720
Atz PlaceOne Bedroom1BR,1BA$828

Best Value Apartments for Rent in Waterloo, IN and Nearby

As of April 25, 2025 the best value apartment in the Waterloo area is the $1.05 price per square foot Townhomes Model at Evard Place - Solar Powered in the in the Northeast Fort Wayne neighborhood starting from $2,000. The second greatest value Waterloo apartment is the Two Bedroom Model at Huntertown Apartments starting at $1,695 with a $1.13 price per square foot in the Outer Northside 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.
Evard Place - Solar PoweredTownhomes3BR,2.5BA$1.05
Huntertown ApartmentsTwo Bedroom2BR,2.5BA$1.13
Copper Creek VillasCopper Creek Townhome3BR,2.5BA$1.16
Reserve at Dawson's CreekThe Dogwood - Premium2BR,2BA$1.19
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.01
Crosswait Estates ApartmentsTwo Bedroom2BR,1BA$1.23
Yugo Fort Wayne Arch2 Bed, 2 Bath Plus2BR,2BA$0.66
St Joe Place2x22BR,2BA$0.80
Atz PlaceOne Bedroom1BR,1BA$1.22
Wood Creek ApartmentsThe Willow1BR,1BA$1.17

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Waterloo, IN

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Getting Around Waterloo, IN

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 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 Shoaff Park Villas listed at $645.

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

The lowest price for a Cheap One Bedroom Waterloo Apartment is $699 at Wood Creek Apartments.

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 $619 at Yugo Fort Wayne Arch.

What is the most affordable Waterloo Three Bedroom Apartment?

The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Yugo Fort Wayne Arch and starts from $549.

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

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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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.

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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.