3961 Logan Ave
WaterlooIA50703
Cheap Apartments for Rent in Waterloo, IA from $300 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterloo.
808-810 W 2nd St
WaterlooIA50701
325 E 2nd St
WaterlooIA50703
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805 W 4th St
WaterlooIA50702
723 W 1st 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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$675 - $1,145Studio to 3 Bedroom Apartments Available Now
Russell Lamson
209 W 5th StWaterloo, IA 50701
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$675 - $8501 to 3 Bedroom Apartments Available Now
Meadow Ridge Apartments
765-791 Russell RdWaterloo, IA 50701
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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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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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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 | $879 | $600 | $1,300 |
| Cheap Waterloo 1 Bedroom Apartments | $1,102 | $295 | $1,800 |
| Cheap Waterloo 2 Bedroom Apartments | $1,221 | $525 | $2,500 |
| Cheap Waterloo 3 Bedroom Apartments | $1,209 | $800 | $1,900 |
| Cheap Waterloo 4 Bedroom Apartments | $894 | $295 | $1,600 |
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: 08/26/2025Current 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 | $1,300 | $615 | 36 |
Cheapest Available Waterloo Apartments for Rent
The cheapest available apartment rental in Waterloo, IA is a 4 Beds unit found at Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $295. Meadow Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Residences on College Hill | Private Bedroom in a 4BR Unit-Furnished Common ... | 4BR,1BA | $295 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $675 |
| Russell Lamson | Studio | Studio,1BA | $675 |
| Le Chateau | 1BR/1.0BA | 1BR,1BA | $725 |
| 1106-1110 Kent Circle | Kent Circle 1 Bed/1 Bath | 1BR,1BA | $750 |
Best Value Apartments for Rent in Waterloo, IA
As of August 26, 2025 the best value apartment in the Waterloo area is the $1.06 price per square foot 315 Main St Model at 315 Main St, Unit 200 in the in the Downtown Cedar Falls neighborhood starting from $1,900. The second greatest value Waterloo apartment is the 1003 Bluff St Model at 1003 Bluff St, Unit 1003 Bluff St starting at $1,600 with a $0.97 price per square foot in the Downtown Cedar Falls 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. |
|---|---|---|---|
| 315 Main St, Unit 200 | 315 Main St | 2BR,2BA | $1.06 |
| 1003 Bluff St, Unit 1003 Bluff St | 1003 Bluff St | 4BR,2BA | $0.97 |
| Hawkeye Towers | 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 |
| 2222 Walnut St, Unit #1 | 2222 Walnut St | 2BR,1BA | $0.97 |
| 1150 Home Park Blvd | 2BR/1.0BA | 2BR,1BA | $1.09 |
| 1637 Carriage Hill | 2BR/1.0BA | 2BR,1BA | $1.09 |
| 2303 Olive St, Unit 2 | 2303 Olive St | Studio ,1BA | $1.04 |
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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 a cheap apartment in Waterloo?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterloo is under $850.
What is the price of a cheap apartment in Waterloo?
The cheapest apartment in Waterloo is Residences on College Hill which is listed at $295, while the average apartment in Waterloo costs $1,300.
What types of apartments are the cheapest in Waterloo?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Waterloo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Waterloo?
Cheap apartments in Waterloo have an average cost of $274 which is $1,026 cheaper than the average rent for all rentals in Waterloo.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.