3961 Logan Ave
WaterlooIA50703
Cheap Apartments for Rent in Waterloo, IA from $300 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterloo.
808-810 W 2nd St
WaterlooIA50701
723 W 1st St
WaterlooIA50701
102 W Arlington St
WaterlooIA50703
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$625 - $8501 to 3 Bedroom Apartments Available Now
Meadow Ridge Apartments
765-791 Russell RdWaterloo, IA 50701
1002 Easton Ave
WaterlooIA50702
809 W 4th St
WaterlooIA50702
225 Miriam Dr
WaterlooIA50702
805 W 4th St
WaterlooIA50702
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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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$295 - $1,4001 to 4 Bedroom Apartments Available Now
Residences on College Hill
2109 College StCedar Falls, IA 50613
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Showing Results 1-23, 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 | $942 | $600 | $1,300 |
| Cheap Waterloo 1 Bedroom Apartments | $1,072 | $295 | $1,800 |
| Cheap Waterloo 2 Bedroom Apartments | $1,178 | $525 | $2,500 |
| Cheap Waterloo 3 Bedroom Apartments | $1,240 | $775 | $1,900 |
| Cheap Waterloo 4 Bedroom Apartments | $1,231 | $380 | $1,800 |
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: 10/12/2025Current 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 | $1,150 | $450 | 44 |
Cheapest Available Waterloo Apartments for Rent
The cheapest available apartment rental in Waterloo, IA is a 1 Bed unit found at Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $295. 2610 College St - Cedar Falls has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. 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 4 Bedroom Unit-Only $295/M... | 1BR,1BA | $295 |
| 2610 College St - Cedar Falls | 1BR/1.0BA | 1BR,1BA | $600 |
| Russell Lamson | Studio | Studio,1BA | $675 |
| Le Chateau | 1BR/1.0BA | 1BR,1BA | $695 |
| 1224-1282 W Mullan Ave | 3 BR/ 1 BA | 3BR,1BA | $775 |
Best Value Apartments for Rent in Waterloo, IA
As of October 12, 2025 the best value apartment in the Waterloo area is the $0.70 price per square foot 3 BR/ 1 BA Model at 1224-1282 W Mullan Ave in the in the Downtown Waterloo neighborhood starting from $775. 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. |
|---|---|---|---|
| 1224-1282 W Mullan Ave | 3 BR/ 1 BA | 3BR,1BA | $0.70 |
| Hawkeye Towers - Historical Access | 4BR/2BA | 4BR,2BA | $0.35 |
| Pineview Place Apartments | 2 Bedroom/1 Bath | 2BR,1BA | $1.03 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.00 |
| 1417 Clay St | 1417 Clay St | 2BR,1BA | $0.95 |
| Residences on College Hill | Live Large for Less – Spacious 4-Bedroom Apartm... | 4BR,1BA | $0.99 |
| 2222 Walnut St, Unit #1 | 2222 Walnut St | 2BR,1BA | $0.87 |
| 911 Lafayette St, Unit 913.5 | 911 Lafayette St | 2BR,1BA | $0.83 |
| Cobblestone Circle Apartment | 2BR/1.0BA | 2BR,1BA | $0.91 |
| Meadow Ridge Apartments | 2 BR/ 1 BA | 2BR,1BA | $0.93 |
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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 Russell Lamson listed at $675.
How much is rent for a Cheap One Bedroom Waterloo Apartment?
The lowest price for a Cheap One Bedroom Waterloo Apartment is $295 at Residences on College Hill.
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 $525 at Residences on College Hill.
What is the most affordable Waterloo Three Bedroom Apartment?
The best deal on a cheap Waterloo Three Bedroom Apartment rental is at 1224-1282 W Mullan Ave and starts from $775.
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.
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.
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.