
Top Rated Apartments for Rent in Waterloo, IA Under $1,500 (9 Rentals)
Apartments in Waterloo with the best features, newest construction, and richest amenities.


Edgemont Park Apartments

Total Monthly Price
Elevate Apartments at Hawkeye - Student Housing

Whispering Meadows Condominiums
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.

Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms

Westwood Apartments

The Preserve at Crossroads

University Manor
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.

The Residences on College Hill
Waterloo, IA Local Guide

How much does it cost to rent an apartment in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo Studio Apartments | $1,029 | $600 | $1,395 |
| Waterloo 1 Bedroom Apartments | $1,054 | $600 | $1,760 |
| Waterloo 2 Bedroom Apartments | $1,252 | $635 | $1,950 |
| Waterloo 3 Bedroom Apartments | $1,586 | $995 | $1,950 |
| Waterloo 4 Bedroom Apartments | $1,615 | $1,195 | $2,400 |
Explore Waterloo
Waterloo, IA Local Guide
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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.
Read ArticleQuick Rent Budget Calculator
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.
Best Local Schools in Waterloo, IA
Orange Elementary School
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
Frequently Asked Questions about Waterloo
How much are Studio apartments in Waterloo?
There are currently 26 Studio Apartments in Waterloo with rent ranges from $350 to $1,395 with an average price of $1,443.
What is the current price range for One Bedroom Waterloo Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Waterloo ranges from $600 to $1,760 with an average monthly rent of $1,054.
What does renting a Two Bedroom Apartment in Waterloo cost?
The monthly rent prices of Two Bedroom Apartments currently available in Waterloo range from $635 to $1,950. Today's average rental price for Two Bedrooms here is $1,252.
How expensive are Waterloo Three Bedroom Apartments?
There are currently 37 Three Bedroom Apartments listings available in Waterloo on ApartmentHomeLiving.com. The pricing ranges from $995 to $1,950 - averaging $1,586 for the location.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.

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.