Apartments For Rent in Waterloo, IA
204 rentals
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2 Beds
2 BathsLantern Square Apartments Spacious 1, 2 & 3 Bedrooms | 1141 Lantern Sq #1139-1,
Waterloo, IA 50701
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APPLY INSTANTLY$800 - $1,075/mo2 Beds1 BathCobblestone Apartments | 3549-3749 Cobblestone Cir #fe515da9a,
Waterloo, IA 50701
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What Locals Say about Waterloo
Review Highlights
Waterloo, IA: easygoing, convenient living with walkable comforts and quick commutes. People like friendly, family blocks, parks and trails, walkable shops, and a short commute. They dislike loud trains and traffic, many stoplights, some crime concerns, and crowded schools.
AI-generated summary of moderated reviews.
Average Rent Trends in Waterloo, IA
Rent in Waterloo, IA varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $825 |
| Jul 2025 | $850 |
| Aug 2025 | $850 |
| Sep 2025 | $850 |
| Oct 2025 | $835 |
| Nov 2025 | $825 |
| Dec 2025 | $825 |
| Jan 2026 | $798 |
| Feb 2026 | $800 |
| Mar 2026 | $842 |
| Apr 2026 | $850 |
| May 2026 | $815 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $625 | $825 | $1,077 | $1,450 | $800 |
| Townhomes | $600 | $795 | $1,500 | — | $795 |
| Apartments and Condos | $625 | $800 | $900 | $1,684 | $675 |
| Houses | $575 | $850 | $1,066 | $1,450 | $930 |
Frequently Asked Questions about Rentals in Waterloo, IA
- What is the average rent in Waterloo, IA?The average rent in Waterloo, IA is $800. Rent prices range from $400 to as much as $2,195, depending on the type of rental.
- How does the rent in Waterloo, IA compare to the national average?Average rent in Waterloo, IA is about 59% lower than the national average rent of $1,930. That means it is less expensive to rent in Waterloo compared to the U.S. average.
- What is the average rent in Waterloo, IA, by number of bedrooms?The average rent in Waterloo, IA is $600 for a studio, $625 for a 1 bedroom, $825 for a 2 bedroom, $1,077 for a 3 bedroom, and $1,450 for a 4 bedroom.
- How have rent prices in Waterloo, IA changed compared to last year?In the past year, the average rent price in Waterloo, IA has decreased by $50. That means the average rent is 6% lower than last year.
- How many available rental listings are in Waterloo, IA?There are 218 available rental listings in Waterloo, IA.
- What are some neighborhoods in Waterloo, IA?Some neighborhoods in Waterloo, IA include: Liberty Park, Church Row Historic, Park Haven, Riverfront, Doe's.
- What are some zip codes in Waterloo, IA?
- What are some cities near Waterloo, IA?Some nearby cities include: Evansdale, Elk Run Heights, Raymond, Washburn, Gilbertville. These cities may have more rental options to explore.