3 Bedroom Apartments for Rent in Waterloo, IA (74 Rentals)

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property at 1212 Randolph St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

3 Bedroom, 1.5 Bath Home for Rent

Available Now

1212 Randolph St

WaterlooIA50702
property at 1227 Williston Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 1 Bath Home for Rent

Available Now

1227 Williston Ave

WaterlooIA50702
property at 3666 Ravenwood Cir

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

3 Bedroom, 2.5 Bath Home for Rent

Available Now

3666 Ravenwood Cir

WaterlooIA50702

Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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5739 Summerland Dr
3 Bedroom Apartments

5739 Summerland Dr

5739 Summerland DrWaterloo, IA 50701
Corporate Housing
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Cedar Knoll
3 Bedroom Apartments

Cedar Knoll

5535 Dysart RdWaterloo, IA 50701
  • Utilities Included
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505 Wellington St
3 Bedroom Apartments

505 Wellington St

505 Wellington StWaterloo, IA 50701
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1297 Downing Ct
3 Bedroom Apartments

1297 Downing Ct

1297 Downing CtWaterloo, IA 50701
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Heritage Homes
3 Bedroom Apartments

Heritage Homes

1306 W Donald StWaterloo, IA 50703
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Woodline Townhomes
3 Bedroom Apartments

Woodline Townhomes

2539 W 3rd StWaterloo, IA 50701
  • Utilities Included
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4th Street Manor
3 Bedroom Apartments

4th Street Manor

3805-3807 W 4th StWaterloo, IA 50701
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West Hill Condos
3 Bedroom Apartments

West Hill Condos

230 W Hills LnWaterloo, IA 50701
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Waterloo, IA Local Guide

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Largest Available Waterloo 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Waterloo, IA is found at Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms and is 1,282 square feet priced from $1,200. Pineview Place Apartments has the second largest 3 Bedroom, which is sized at 1,200 square feet and currently listed start at $1,220. Here is today’s list of the largest available 3 Bedroom units in Waterloo:

Apartment ListingModel NameSquare FootagePriced From
Lantern Square Apartments Spacious 1, 2 & 3 BedroomsLS 3x1.51,282 Sq Ft$1,200
Pineview Place ApartmentsBeautiful HUGE 3 Bedroom/2 Bath Apartment in Gr...1,200 Sq Ft$1,220
Twin Oaks Apartments3 Bed 2.5 Bath1,160 Sq Ft$1,950

Cheapest Available Waterloo 3 Bedroom Apartments

As of May 27, 2026 the lowest priced 3 Bedroom apartment unit in Waterloo, IA is the LS 3x1.5 Model starting from $1,200 at Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms . The second most affordable Waterloo 3 Bedroom is the Beautiful HUGE 3 Bedroom/2 Bath Apartment in Gr... Model at Pineview Place Apartments starting at $1,220 . The average price for all 3 Bedroom apartments in Waterloo is currently $1,562. Here is today’s list of the cheapest available 3 Bedroom options in Waterloo:

Apartment ListingModel NamePriced From
Lantern Square Apartments Spacious 1, 2 & 3 BedroomsLS 3x1.5$1,200
Pineview Place ApartmentsBeautiful HUGE 3 Bedroom/2 Bath Apartment in Gr...$1,220
Twin Oaks Apartments3 Bed 2.5 Bath$1,950

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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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.

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Waterloo Overview

Black Hawk County, located in Iowa, is a beautiful part of the country. One of the jewels is Waterloo, IA, which is the county seat. Waterloo is not far from Cedar Falls, however, it still has beautiful living opportunities in its own right. If you are looking for apartments in Waterloo, Iowa, what do you need to know about this area? Take a look at some important information and find the best Waterloo apartments in the region.á

Why live in Waterloo, IA?

There are lots of reasons why people choose to live in the beautiful area of Waterloo. First, traffic is relatively light, allowing people to spend more time doing what they love instead of sitting in traffic. Next, the cost of living in Waterloo is very low. That is because real estate is not that expensive. Finally, there are lots of friendly people who live in Waterloo as well. Lots of people are willing to help each other out, making Waterloo a beautiful place for young professionals and family.á

Best Local Schools in
Waterloo, IA

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

Explore Waterloo, IA Rentals by Map

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See the most popular apartments and homes in Waterloo, IA

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Frequently Asked Questions about 3 Bedroom Waterloo Apartments

What is the Cheapest apartment in Waterloo with 3 Bedroom?

Currently the most affordable 3 Bedroom in Waterloo is at Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms listed at $1,200.

How much is the average rent for a 3 Bedroom Waterloo Apartment?

The average rent for a 3 Bedroom Apartment in Waterloo is $1,562.

What is the largest available 3 Bedroom Waterloo Apartment for rent?

Today's apartment with the most square footage in Waterloo is a 1,282 square feet unit starting from $1,200 at Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms.

What is the average size for Waterloo 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Waterloo is currently 2,928 sq ft.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.