
Cheap Homes for Rent in Waterloo, AL from $600 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.


403 Austin Ave

939 N Royal Ave

211 N Patton St

903 Collinwood Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

42 Cameron Cir

1305 Proper St

385 Maddox Loop

1209 SW 13 1/2 Ave

211 W Rasch Rd
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

2010 Vulcan Ave

1938 Shade Ave

575 Payne Creek

846 Fernwood St

842 Fernwood St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Waterloo, AL 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 | $924 | $750 | $1,300 |
| Waterloo 3 Bedroom Homes for Rent | $1,253 | $900 | $1,850 |
| Waterloo 4 Bedroom Homes for Rent | $1,765 | $1,600 | $1,895 |
Browse Top Homes for Rent in Waterloo
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Waterloo, AL Local Guide
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Cheapest Available Waterloo Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterloo, AL is a 2 Beds unit found at Greenleaf Apartments priced from $517. Shadybrook Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $612. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Greenleaf Apartments | 2 Beds, 1 bath | 2BR,1BA | $517 |
| Shadybrook Apartments | Two-Bedoom | 2BR,1BA | $612 |
| Quail Run | 1 Bed, 1 bath | 1BR,1BA | $630 |
| West Tennessee Street | 1BR/1.0BA | 1BR,1BA | $650 |
| Cypress Ridge | 1 Bedroom 1 Bathroom | 1BR,1BA | $675 |
Best Value Apartments for Rent in Waterloo, AL and Nearby
As of June 14, 2026 the best value apartment in the Waterloo area is the $0.79 price per square foot 2BR/2.0BA Model at 2/2 Apartment - Killen, AL in the starting from $1,000. The second greatest value Waterloo apartment is the Village Parc Model at Village Parc Apartments starting at $1,050 with a $0.88 price per square foot in the Downtown Florence 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. |
|---|---|---|---|
| 2/2 Apartment - Killen, AL | 2BR/2.0BA | 2BR,2BA | $0.79 |
| Village Parc Apartments | Village Parc | 2BR,2.5BA | $0.88 |
| Starhill Apartments | 2BR/2.0BA | 2BR,2BA | $0.83 |
| Creekside Apartments | 2 Bedroom 2 Bath - 48797 | 2BR,2BA | $0.94 |
| Walden Crest | 2 Bedroom | 2BR,2BA | $0.87 |
| Brentwood | 2BR/2.0BA | 2BR,2BA | $0.92 |
| Shadybrook Apartments | Two-Bedoom | 2BR,1BA | $0.63 |
| Ivy Pointe Apartments | 2 Bedroom | 2BR,1BA | $0.75 |
| The Woodlands Apartment Homes, LLC | B1 | 2BR,1BA | $0.87 |
| Greenleaf Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.73 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 50 Apartments for Rent in Waterloo, AL with pricing that ranges from $460 to $1,814. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $600 to $1,895.
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 $600 to $1,895 with an average monthly rent of $1,141.
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 $565 to $1,814, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $1,850. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $490.
Expert Rental Resources
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.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.