227 Independence Ave
WaterlooIA50703
Cheap Apartments for Rent in Waterloo, IA from $300 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterloo.
1241 South St
WaterlooIA50702
808-810 W 2nd St
WaterlooIA50701
3961 Logan Ave
WaterlooIA50703
420 Sunnyside Ave
WaterlooIA50701
723 W 1st St
WaterlooIA50701
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.
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Rent Specials
$625 - $8751 to 3 Bedroom Apartments Available Now
Meadow Ridge Apartments
765-791 Russell RdWaterloo, IA 50701
608 Wellington St
WaterlooIA50702
805 W 4th St
WaterlooIA50702
225 Allen St
WaterlooIA50701
723-723 1/2 South St
WaterlooIA50701
1838-1840 W 3rd St
WaterlooIA50701
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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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.
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Rent Specials
$365 - $1,4001 to 4 Bedroom Apartments Available Dec 1
Residences on College Hill
2109 College StCedar Falls, IA 50613
2216 Merner Ave
Cedar FallsIA50613
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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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Showing Results 1-26, Page 1 of 1
Waterloo, IA Local Guide
How much does it cost to rent an apartment in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Waterloo Studio Apartments | $875 | $455 | $1,300 |
| Cheap Waterloo 1 Bedroom Apartments | $1,045 | $365 | $1,800 |
| Cheap Waterloo 2 Bedroom Apartments | $1,254 | $625 | $2,500 |
| Cheap Waterloo 3 Bedroom Apartments | $1,454 | $875 | $1,950 |
| Cheap Waterloo 4 Bedroom Apartments | $1,436 | $895 | $1,700 |
Browse Top Apartments in Waterloo
See all Apartments in WaterlooExplore Waterloo
Waterloo, IA Local Guide
Written By:
Staff Writer Local Guide Expert
- Waterloo Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Waterloo, IA
Pricing Updated: 11/26/2025Current apartment rentals in the Waterloo, IA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Waterloo Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Waterloo | $1,400 | $550 | 38 |
Cheapest Available Waterloo Apartments for Rent
The cheapest available apartment rental in Waterloo, IA is a 1 Bed unit found at Meadow Ridge Apartments priced from $625. 1106-1110 Kent Circle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $625 |
| 1106-1110 Kent Circle | Updated Cozy 1 Bedroom / 1 Bath Apartment in SW... | 1BR,1BA | $750 |
| University Manor | 1 BR/ 1 BA (Dec'25 and Jan' 26 ) | 1BR,1BA | $770 |
| 228 Spaces - Furnished Micro-Living Apartments | 2nd Floor Studio | Studio,1BA | $795 |
| 1150 Home Park Blvd | 2BR/1.0BA | 2BR,1BA | $795 |
| Le Chateau | 2BR/1.5BA | 2BR,1BA | $795 |
| 1637 Carriage Hill | 2BR/1.0BA | 2BR,1BA | $795 |
| 124 Earl St | 2BR/1.0BA | 2BR,1BA | $795 |
| Falls Edge Studios | Studio B REV | Studio,1BA | $800 |
| Cobblestone Circle Apartment 2 Bedroom, 1 Bath Secure Building | Cobblestone Circle Spacious 2 Bedroom 1 Bath Ap... | 2BR,1BA | $825 |
Best Value Apartments for Rent in Waterloo, IA
As of November 26, 2025 the best value apartment in the Waterloo area is the $1.03 price per square foot 4004 University Ave Model at 4004 University Ave, Unit 12 in the starting from $1,200. The second greatest value Waterloo apartment is the 4BR/2BA Model at Hawkeye Towers - Historical Access starting at $380 with a $0.35 price per square foot . 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. |
|---|---|---|---|
| 4004 University Ave, Unit 12 | 4004 University Ave | 2BR,1BA | $1.03 |
| Hawkeye Towers - Historical Access | 4BR/2BA | 4BR,2BA | $0.35 |
| 3714 Ravenwood Cir | 2 BR/ 2 BA | 2BR,2BA | $1.10 |
| Pineview Place Apartments | 2 Bedroom/1 Bath | 2BR,1BA | $1.03 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.00 |
| Le Chateau | 2BR/1.5BA | 2BR,1.5BA | $0.85 |
| Cobblestone Circle Apartment 2 Bedroom, 1 Bath Secure Building | Cobblestone Circle Spacious 2 Bedroom 1 Bath Ap... | 2BR,1BA | $0.98 |
| 1150 Home Park Blvd | 2BR/1.0BA | 2BR,1BA | $1.02 |
| 1637 Carriage Hill | 2BR/1.0BA | 2BR,1BA | $1.10 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.02 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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
Waterloo, IAPopulation: 67,798
Ranked #539
in US Census Population by City
Best Local Schools in Waterloo, IA
Orange Elementary School
Waterloo Community School District
Public School - Grades PK-5 (521)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterloo, IA Rentals by Map
See the most popular apartments and homes in Waterloo, IA
Getting Around Waterloo, IA
Walk Score®
47 / 100
Car-Dependent
Most errands require a car
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
24 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 228 Spaces - Furnished Micro-Living Apartments listed at $795.
How much is rent for a Cheap One Bedroom Waterloo Apartment?
The lowest price for a Cheap One Bedroom Waterloo Apartment is $625 at Meadow Ridge Apartments.
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 $775 at Meadow Ridge Apartments.
What is the most affordable Waterloo Three Bedroom Apartment?
The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Meadow Ridge Apartments and starts from $850.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.