
Cheap Homes for Rent in Waterloo, IN from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.


343 W 9th St

354 W 9th St

208 S Grant St

311 N Elm St

328 N State St

209 S Ijams St

209 E 17th St

625 E Gump Rd
Waterloo, IN Local Guide

How much does it cost to rent a home in Waterloo?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waterloo 2 Bedroom Homes for Rent | $1,383 | $675 | $1,895 |
Waterloo 3 Bedroom Homes for Rent | $1,753 | $875 | $2,295 |
Waterloo 4 Bedroom Homes for Rent | $2,007 | $1,500 | $2,500 |
Browse Top Homes for Rent in Waterloo
Explore Waterloo
Waterloo, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Yugo Fort Wayne Arch | 3 Bed, 3 Bath Plus | 3BR,3BA | $549 |
Shoaff Park Villas | Studio, 1 bath | Studio,1BA | $645 |
Wood Creek Apartments | The Willow | 1BR,1BA | $699 |
Best Value Apartments for Rent in Waterloo, IN and Nearby
As of April 14, 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 $1,699 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Evard Place - Solar Powered | Townhomes | 3BR,2.5BA | $1.05 |
Huntertown Apartments | Two Bedroom | 2BR,2.5BA | $1.13 |
Copper Creek Villas | Copper Creek Townhome | 3BR,2.5BA | $1.16 |
Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.01 |
Crosswait Estates Apartments | Two Bedroom | 2BR,1BA | $1.23 |
Yugo Fort Wayne Arch | 2 Bed, 2 Bath Plus | 2BR,2BA | $0.66 |
Windsor Oaks | The Cedar | 1BR,1BA | $1.26 |
St Joe Place | 2x2 | 2BR,2BA | $0.80 |
Atz Place | One Bedroom | 1BR,1BA | $1.22 |
Wood Creek Apartments | The Willow | 1BR,1BA | $1.17 |
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Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 45 Apartments for Rent in Waterloo, IN with pricing that ranges from $539 to $3,024. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $625 to $2,500.
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 $625 to $2,500 with an average monthly rent of $1,475.
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 $539 to $3,024, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $2,295. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $600.
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.

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.

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.