Cheap 2 Bedroom Apartments for Rent in Waterloo, IA from $600 (79 Rentals)

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Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!

Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

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property at 432 Belmont Ave
$850

Total Monthly Price

Base Rent$850
Total Monthly Price$850
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Pet Friendly

432 Belmont Ave

WaterlooIA50701
  • Smoke Free
property at 1344 Meadow Ln
$850 - $875
2 Bedroom Rentals
Available Now

1344 Meadow Ln

WaterlooIA50701

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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221-231 Miriam
2 Bedroom Apartments

221-231 Miriam

231 Miriam DrWaterloo, IA 50702
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505 Wellington St
2 Bedroom Apartments

505 Wellington St

505 Wellington StWaterloo, IA 50701

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Camelot Apartments
2 Bedroom Apartments

Camelot Apartments

1650 Camelot DrWaterloo, IA 50702
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Greenridge Apartments
2 Bedroom Apartments

Greenridge Apartments

1645 Camelot DrWaterloo, IA 50702
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Joan Drive
2 Bedroom Apartments

Joan Drive

3609 Joan DrWaterloo, IA 50702
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1653 Carriage Hill
2 Bedroom Apartments

1653 Carriage Hill

1653 Carriage Hill DrWaterloo, IA 50701
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238 Palmer Drive
2 Bedroom Apartments

238 Palmer Drive

238 Palmer DrWaterloo, IA 50702

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Waterloo, IA Local Guide

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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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.

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Waterloo, IA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waterloo, IA Rentals by Map

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Waterloo, IA Area Reviews

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K.c • 4+ years in Waterloo

May 24, 2026

I'm sorry, the only reason I haven't moved out of state is because of my grown kids, grandkids and my mom Waterloo isn't very safe at night anywhere...it's really boring.

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 221-231 Miriam listed at $700.

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

The lowest price for a Cheap One Bedroom Waterloo Apartment is $700 at 221-231 Miriam.

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 $700 at 221-231 Miriam.

What is the most affordable Waterloo Three Bedroom Apartment?

The best deal on a cheap Waterloo Three Bedroom Apartment rental is at 221-231 Miriam and starts from $700.

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

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.